Perth-based mineral explorer Trafford Resources Ltd will proceed with a $1.4 million acquisition of Sydney-based Robust Resources Ltd, after shareholders gave their blessing.
CityView Corporation Ltd has put its Angolan oil project on hold as global financial turmoil forces its joint venture partner to pull away from financing its part of the operation.
Apex Minerals NL said it is "judicious" to implement a hedging project to protect its exposure to the Australian dollar gold price over the next three years.
After teething problems with its processing plant, uranium miner Paladin Energy Ltd has achieved full production during the September quarter at its Langer Heinrich mine in Namibia.
Mid West -focused explorer Base Iron Ltd has debuted on the Australian Securities Exchange, with its share price steadfastly locked in at its 20 cent issue price for the day.
The global financial turmoil has hit the Andrew Forrest-chaired Poseidon Nickel Ltd, with the company suspending mining activities at its Mt Windarra underground mine in the Goldfields.
Despite there being no firm launch date for the mutualisation of $9 billion fund manager GESB, a seven-member board has been unveiled that includes the who's who of the corporate world.
Grange Resources Ltd will pocket more than $13 million in cash after it agreed to sell a 30 per cent stake of its Southdown magnetite iron ore deposit to Sojitz Resources and Technology Pty Ltd.
Disgruntled shareholder Power United Ltd has stepped up its calls to remove the board of Cape Lambert Iron Ore Ltd after it formalised a $250 million deal to acquire a stake in an African iron ore project.
WHILE the September quarter could best be described as a dismal one for initial public offers, the number of Western Australian firms listing on the stock market has largely remained steady compared with the previous quarter.
IT has been a tough past few months for companies looking for extra cash, with the surge in market volatility causing investors to further tighten the purse strings.
Brockman Resources Ltd has signed a native title agreement over its Pilbara iron ore project, putting it on track to achieve first production late next year.
Premier Colin Barnett has reportedly given a strong indication that the government would consider sacking the entire Cockburn City Council if its mayor, Stephen Lee, does not resign.
Brisbane-based Norton Gold Fields Ltd will move to acquire the remaining shares in West Perth-based Bellamel Mining Ltd after its friendly takeover offer closed yesterday.
The rescue of BankWest parent, HBOS plc, could be in jeopardy after the value of its shares plunged yesterday, prompting fears that white knight Lloyds TSB could be paying too much for the takeover.
Iron ore miner Territory Resources Ltd has reported a full year net loss of $48.5 million, with over $40 million of that attributed to asset impairments and investments in collapsed Monarch Gold Mining Company Ltd and Matilda Minerals Ltd.
The Australian Securities Exchange has suspended 10 Western Australian companies from trading following their failure to lodge full year statutory accounts for the period ending June 30, 2008.
A renewed vigour over uranium prospects in Western Australia has prompted Adelaide-based Toro Energy Ltd to launch a $26 million capital raising, with nearly half of the funds underwritten by major shareholder Oz Minerals Ltd.
Golden West Resources Ltd will spend over $11 million subscribing to shares in Yilgarn Infrastructure Ltd in a bid to secure the construction of a railway from its iron ore project to the Oakajee port.
The Merredin Shire Council has today approved the development of a $600 million wind farm that will generate enough electricity to power 160,000 homes.
Impairment losses and write-downs of inventories has hit mineral sands miner Matilda Minerals Ltd, which posted a full year net loss of $17.3 million for fiscal 2008, up from the previous year's net loss of $3.1 million.
The continued market volatility has claimed another potential acquisition with Newland Resources Ltd scrapping plans to acquire stakes in two companies that hold iron ore and petroleum projects.
GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.
Australian stocks suffered at the opening of trading on the Australian Securities Exchange, after the US House of Representatives rejected the $US700 billion rescue package.
Rio Tinto's share raid on South Perth-based Extract Resources Ltd has continued, with the mining major lifting its stake in the explorer to 14.4 per cent.
Incremental Petroleum Ltd has withdrawn its application to the Takeovers Panel after being satisfied with hostile suitor Cooper Energy Ltd's replacement bidder's statement.
Wesfarmers Ltd has unveiled a new remuneration package for managing director Richard Goyder in a step to better reflect the increased responsibilities stemming from the Coles acquisition.
