Lycopodium announced today it has entered a non-binding agreement to acquire a majority stake in South African based engineering business ADP Holdings.
The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.
Queensland-based explorer Pacific Niugini has made a $6.8 million bid to purchase an 80 per cent stake in Bulletin Resources' Halls Creek gold projects, dwarfing an original offer from Bulletin's major shareholder Matsa Resources.
Contractor HWE Mining faces a retrial over the death of a worker at BHP Billiton's Yandi mine in 2008, after a judge overruled an acquittal on charges the firm failed to provide a safe working environment.
Northern Star Resources looks set to emerge as the fifth biggest gold mine operator in Western Australia following its $75 million acquisition of Barrick Gold's majority stake in the East Kundana joint venture and the Kanowna Belle mine.
Platinum has climbed to the highest price in more than two months ahead of a planned strike in South Africa that may interrupt production in the top producer of the precious metal.
BHP Billiton produced record volumes of coal and iron ore in the second half of 2013, despite falls in quarterly production at its petroleum and Pilbara iron ore divisions.
Global crude-oil prices have gained after the IMF raised its forecast for global growth in 2014 and the International Energy Agency upped its prediction of oil consumption growth.
Empire Oil & Gas has appointed former Woodside Petroleum executive Stuart Brown to its board as the company's new management looks to recruit experienced directors to guide its future.
Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
Resources giant BHP Billiton has signed a final agreement to pay $US3 million ($A3.4 million) to Otto Energy to withdraw from an oil and gas exploration joint venture in the Philippines.
Sandfire Resources says it remains on track to achieve full-year production guidance, despite posting softer results from its DeGrussa copper-gold mine in the December quarter.
West Texas Intermediate (WTI) crude has fallen from the highest closing price in two weeks amid slowing economic growth and weaker industrial output in China, the world's second-biggest oil consume
Royal Dutch Shell has announced it will sell its minority stake in Chevron's Wheatstone liquefied natural gas project and a related joint venture to the Kuwait Foreign Petroleum Exploration Company for $US1.13 billion.
Wolf Minerals has announced a substantial increase in capital and operating costs for its Hemerdon tungsten and tin project in England, which is now budgeted to cost $230 million to develop.
Blackham Resources shares are up 44 per cent after the minerals explorer agreed to pay $2 million for the Wiluna gold plant in Western Australia from the receivers of Apex Minerals.
Wesfarmers is set to acquire a coal development licence worth $70 million from Peabody Energy, in a purchase which the company says will boost its total coal reserves by about 29 per cent.
Paladin Energy managing director John Borshoff says the company's $US190 million sale of a minority stake in its Langer Heinrich mine vindicates a decision to walk away from sale negotiations last year.
Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
