Mining

Beach Energy has accepted Woodside Petroleum's offer to acquire a 70 per cent interest in the Lake Tanganyika basin in Tanzania.

Oil exploration minnow IPB Petroleum has picked up the pace in its grand plan to get noticed by large producers.

Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

Kalgoorlie-based Phoenix Gold has agreed to purchase St Ives Gold Mining Company’s heap leach processing plant near Kambalda for $2 million.

Iron ore exporter Fortescue Metals Group has notched up a record 160 million tonne annualised run rate in the last month of the financial year.

Oil prices rebounded on Thursday, snapping out of a long losing streak tied to easing concerns about potential Middle East supply disruptions.

Former Kagara managing director Geoff Day has been appointed chief executive of Kingsgate Consolidated.

Perth-based iron ore miner Atlas Iron has beaten its full year profit guidance after shipping 3.1 million tonnes in the June quarter.

Minerals explorer Newera Resources has announced an entitlements issue to raise just over a $1 million.

Global oil prices have continued their slide from late-June peaks, despite a sharper-than-expected drop in US crude inventories.

Gold prices have extended earlier gains after Federal Open Market Committee meeting minutes showed that central bank officials were shifting focus away from raising interest rates as the key strategy for tightening monetary policy.Gold lifts after FOMC minutes

Final approval has been granted for gold production at Kingsrose Mining’s Talang Santo mine in South Sumatra, Indonesia.

Phosphate and glauconite explorer Potash West has completed an $800,000 placement to fund development of its Dandaragan Trough project near Perth.

Perth gold producer Resolute Mining has released a positive production report, which raised its share price by nearly 7 per cent.

Shares in Northern Star Resources have risen more than 9 per cent after the gold miner issued a better than expected June quarter production report.

Greenland Minerals and Energy has closed its fully underwritten $8.9 million rights issue oversubscribed.

Baosteel and Aurizon now control more than 90 per cent of Aquila Resources and will move to compulsorily acquire the rest of its shares.

Oil prices have extended their losing streak as concerns ease over supply disruptions from the Middle East, with Libyan exports set to resume and Iraqi unrest not yet affecting exports.

Perth gold explorer Emmerson Resources has completed raising $1.87 million through a 49 million share placement to Evolution Mining, satisfying all conditions precedent to the joint venture agreement.

Exploration and mining company Independence Group has exceeded guidance for production of nickel, zinc and copper at its Long and Jaguar operations.

In the first of a four-part series featuring EY Entrepreneur of the Year nominees, we spoke to Bill Beament about the extraordinary growth of Northern Star Resources.

Tempo Australia has been awarded a $13.4 million contract for engineering and construction work at Rio Tinto’s Cape Lambert port expansion in the Pilbara.

Perth-based Altona Mining has agreed to sell all of its Finnish operations and most of its exploration assets to Swedish miner Boliden Mineral AB for about $US95 million.

Gold prices have slipped lower, after last week's strong US employment data dashed the case for owning the precious metal.

World oil prices have fallen as traders eye the imminent resumption of Libyan crude exports and Iraqi output remains unaffected by ongoing fighting in the country.

The share price of Perth copper producer Aditya Birla Minerals risen 19.5 per cent on the announcement that its Nifty underground copper mine had been cleared to resume operations.

Perth-based explorer Zenith Minerals has acquired 51 per cent interest in Fitzroy Resources’ Rookwood project, with an option to purchase the remainder.

Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel’s Black Swan project near Kalgoorlie for an undisclosed amount.

Decmil Group has won a $26 million contract for the non-process infrastructure at Rio Tinto’s Cape Lambert port B project in the Pilbara.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.

FEATURE: After rocketing to a $1 billion market capitalisation this year, Liquefied Natural Gas Ltd has been going from strength to strength.

Iron and gold exploration company Legacy Iron Ore has announced a 3:1 entitlement issue with a plan to obtain up to $25 million.