Perth company Metals X has made a surprise takeover offer for embattled copper miner Aditya Birla Minerals, in a bid which values the target at about $86 million.
One week after a big spike in its share price, Northern Mining has finalised plans to buy a major stake in a China-based gold exploration firm for a cash and share package worth $7.25 million.
Local miner Metals X has announced a 9 per cent increase in net profit to $40.9 million for the 2015 financial year, on the back of higher revenue from gold sales.
Local miner Metals X has reached an agreement with Northern Mining to acquire the Georges Reward gold project at Bulong in Western Australia for a cash sum of $4.5 million.
Shares in two Perth-based explorers, Corvette Resources and Northern Mining, have skyrocketed today on latest exploration work at their respective projects that delivered high-grade gold hits.
Perth-based NuPower Resources Ltd and South Perth's Northern Mining Ltd have entered into a joint venture for work on a uranium tenement belonging to Northern and situated in the Northern Territory.