A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.
Former Calibre Group boss Rodney Baxter has been named chairman of mineral sands miner MZI Resources, following Malcolm Randall's retirement from the role today.
Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.
Newly minted Triton Minerals M.D Garth Higgo has wasted no time in placing his stamp on the company with the appointment of a new Chief Operating Officer, a new Chief Financial Officer and a new Non Executive Director. Mr Higgo was himself only appointed as Chief Executive Officer in December and was previously the Global Director of Mining for Aurecon Group and Calibre Global.
SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.
Perth Airport chairman and Curtin University chancellor Colin Beckett has taken the role as head of the Western Power board, with Iluka Resources chair Greg Martin appointed as his deputy.
Finally, after decades of dithering and empty promises there is hope the ambitious Oakajee port and rail plan in the Mid West will move beyond the drawing board, not that there will be a ground-breaking ceremony for a few more years.
Two years after selling its stake in the failed Oakajee port and rail project, Murchison Metals is set to be absorbed by major shareholder Mercantile Investment Company.
Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on t
OAKAJEE Port and Rail and other sponsors are keen to grow opportunities for indigenous artists in the Mid West by building on the success of the Good Heart Mid West Aboriginal Art Exhibition.
The past 12 months have been tough for almost anyone involved in the stock market; but for a particular crop of Perth-based miners, 2011 was truly a year to forget.
FOUR major resource and infrastructure projects have reached notable milestones this week, signalling the positive outlook for the Western Australian economy.
Murchison Metals has signed a $US100 million Bridge Finance Facility to fund its share of the Bankable Feasibility Study for the Jack Hills and Oakajee Port and Rail projects.
Mid West iron ore miner Murchison Metals has confirmed feasibility studies for the $4.3 billion Oakajee port and rail development will be delayed by up to six months to enable key agreements to be completed with the government and customers.
Chameleon Mining shares have fallen 28 per cent in trading today after the junior miner and Mid West iron ore developer Murchison Metals each claimed partial victory in a Federal Court ruling.
West Perth-based Murchison Metals has recorded a $21.5 million comprehensive loss for the 2010 financial year, compared to $18.3 million for the previous corresponding period.
Crosslands Resources has secured non-binding Letters of Intent (LOIs) from North Asian steel mills to purchase more than 50 million tonnes per annum of iron ore from the Jack Hills expansion project.
Shares in Murchison Metals have surged as the company flags the potential to increase the scope of its Mid West iron ore operation after setting an additional exploration target of up to 1 billion tonnes.
Shares in Murchison Metals have surged as much as 24 per cent today after the miner clarified the extent of talks with China over the Oakajee port and rail project.
Shares in Murchison Metals have been placed in a trading halt pending confirmation of construction contracts for the Oakajee port and associated rail, which are to be awarded to two Chinese firms.
Murchison Metals says it will investigate a port option at Anketell Point, proposed by Aquila Resources and Fortescue Metals Group, as it kick starts a scoping study on its Rocklea iron ore project in the Pilbara.
A trial date for proceedings between Murchison Metals Ltd and Chameleon Mining NL will be made in early November after a hearing last week ordered Chameleon to front up with the second tranche of security for costs.
Murchison Metals Ltd has posted a full year net profit of $56 million for the 2008 financial year, a turnaround from the previous year's loss of $45 million.
The directions hearing between Murchison Metals Ltd and Chameleon Mining NL has been adjourned until next week after the judge presiding over the matter did not attend.
Sinosteel is a step closer to full control of Midwest Corporation Ltd after Midwest shareholder Murchison Metals Ltd reversed its previous opposition to the Chinese company's takeover offer.
The takeover saga surrounding Midwest Corporation Ltd has taken another turn today as Chinese bidder Sinosteel seeks orders from the Takeovers Panel to prevent Murchison Metals Ltd and US company Harbinger capital from acquiring any more shares.
Murchison Metals Limited insisted today it would not bow to any of the claims of junior explorer Chameleon Mining Ltd, which has instituted legal proceedings to try and win a share of Murchison's iron ore tenements.
Iron ore developers Murchison Metals Ltd and Midwest Corporation Ltd are likely to merge after Midwest's directors unanimously endorsed a proposed scheme of arrangement that values their stock at $7.17 per share.
After months of takeover speculation and feuding between Mid West iron ore miners Murchison Metals and Midwest Corporation, the two companies are once again independently pursuing their expansion plans.
Junior exploration company Chameleon Mining NL has commenced legal action against iron ore miner Murchison Metals Ltd, even though Murchison has previously dismissed Chameleon's claims as baseless.
West Perth-based Murchison Metals Ltd has confirmed its 375 million tonne estimate over the 15-year mine life of its Jack Hills iron ore project, saying in an announcement today that Midwest Corporation Ltd's statements about the project were incorrect.
