Perth mining executive Michael Ruane is seeking a board spill at Empire Resources, less than two months after the gold miner was forced to restructure its board due to a push from a separate group of dissident shareholders.
Echo Resources and Metaliko Resources are expected to announce a tie-up this week, after the two ASX-listed companies with assets in the eastern Goldfields region announced trading halts today.
A recapitalised Stanfield Funds Management is set to resume trading on the ASX today, with a new focus on Asian technology companies and a strong Western Australian connection.
La Mancha Resources has signed an agreement to acquire up to 70 per cent of Perth-based explorer Intermin Resources' Binduli gold project near Kalgoorlie.
The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
Perth-based explorer Kin Mining has agreed to purchase the Leonora gold project in the Goldfields from the administrators of Navigator Resources for $2.7 million.
The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.
Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
