Mining

Cazaly Resources will raise $4 million through a private deal with an unnamed Chinese company, as it looks to advance Parker Range iron ore project in the Yilgarn region.

Another Chinese entity has made its way onto Mount Gibson Iron's share register, with the coal company buying Shougang Concord's interest in the miner for $176.3 million.

THE major engineering companies in Western Australia cut employment by 15 per cent during the past 12 months, defining the impact of the global financial crisis on the sector.

PERTH'S commercial office market and the state's building industry are both looking to big gas developments such as Chevron's Gorgon project to be a key driver of activity.

Perth-based explorer CityView Corporation has scrapped one acquisition in favour of another that will give it a controlling stake in a coal briquette company, with the deal valued at $27 million.

East Perth-based Metals X has entered into a farm-in and joint venture agreement with Rio Tinto over a nickel and copper project in South Australia.

Shares in Fox Resources have surged higher on a 307 per cent resource upgrade at the company's Radio Hill nickel and copper project near Karratha.

The safe haven status of gold during the global financial crisis has boosted The Perth Mint's profit before tax to a record $38 million in 2008/09.

Entrepreneur and minerals explorer Bill Clough has cashed in a large pile of Mirabela Nickel shares, pocketing more than $6.5 million through an on-market sale.

Gold miner Resolute Mining has expanded its capital raising efforts with an $18.9 million placement to a European fund manager, which is on top of a recent $25 million convertible note issue.

Macmahon Holdings has appointed Ken Scott-Mackenzie as chairman, replacing Richard Carter who has decided to retire at the company's general meeting in November.

West Perth-based gold miner Resolute Mining will tap the market for fresh equity again, nearly three weeks after it announced a convertible note issue to raise up to $35 million.

West Perth-based Dwyka Resources will tomorrow change its name to Nyota Minerals after it merged with Minerva Resources.

Subiaco-based Gryphon Minerals has surpassed the 1 million ounce resource mark at its flagship Banfora gold project in Burkina Faso.

Shares in United Minerals Corporation have climbed higher after the Perth-based company announced it had increased its Pilbara iron ore resource, boosting its confidence of production in early 2011.

Grange Resources says it has raised $124 million from the rights issue component of its capital raising strategy, with funds to go towards debt reduction and a restructure of iron ore royalty obligations.

Shares in Liberty Resources have surged higher on the back of a resource boost from 338 million tonnes to 3.1 billion tonnes at its Queensland coal tenements.

The number of Western Australian companies looking to list on the local stock exchange is gaining momentum with Laconia Resources the latest to open its $6 million initial public offer.

Perth-based Westralian Gas and Power has terminated its relationship with the Pankaj Oswal-backed Oswal Resources.

Shares in West Perth-based Liquefied Natural Gas Ltd have closed lower despite its link to an $11.7 billion gas deal in Queensland between its plant partner Golar LNG Energy and a member of the Toyota Group.

Institutional investors in the UK have injected nearly $6 million into Perth-based Rusina Mining for its Acoje nickel mine in the Philippines.

Western Areas has received final ministerial approval for its $36 million Spotted Quoll nickel mine in Forrestania, with Mining and Civil Australia due to start site work later this month.

Brandrill managing director Ken Perry has accepted an invitation to join the Coventry Group board as non-executive director Joe Boros retires.

Subiaco-based Allied Gold plans to make a friendly all-scrip takeover offer for Toronto-listed Australian Solomons Gold in a deal valued at about $60 million.

Mining company Stirling Resources has launched a share entitlement issue to raise approximately $17.5 million to fund the recapitalisation of Monarch Gold, and the commencement of its gold operations near Kalgoorlie.

WHILE many people may dream of sailing at a leisurely pace around the world, Perth couple Phil and Robbie Hearse are among the small number whose dream has become reality.

FIXING state generator Verve Energy must not be done at the expense of electricity retailer Synergy's ability to underwrite new third party generation, the state government has been warned.

Planning reforms announced last week set a constructive example the state government should follow with vigour.

HAZELMERE-BASED CFC Group, which has grown to become one of Western Australia's largest private companies, has moved to full ownership of Underground Services Australia.

West Perth-based mining outfit Meteoric Resources has raised more than $1.1 million in a placement to investors to finance initial exploration of its gold project at Webb in WA and new nearby joint ventures targeting iron oxide-copper-gold mineralisation.

WA based iron ore and uranium mining company Royal Resources has acquired private outfit Mintech for $4.95 million taking control of its Razorback iron project in South Australia.

Uranium exploration company Extract Resources has completed its previously announced private placement worth $40.3 million as part of a $91 million capital raising to accelerate exploration activities at its Rossing South project in Namibia.