Iluka Resources Ltd, the world's biggest zircon producer, has increased its profit outlook for the full year after a fall in the Australian dollar and higher commodity prices as it plans to take one of its kilns out of production.
Perth-headquartered Clough Ltd has been awarded a services contract by Chevron Australia Pty Ltd to support oil production facilities at the Barrow and Thevenard Islands located off the coast of Onslow.
As the Australian bourse continued its rally today on the federal government's $10.4 billion stimulus package, gold stocks were left behind as the price of the precious metal dropped.
Perth-based explorer Arafura Resources Ltd has accepted a $20 million loan from US-based investment fund YA Global Investments for the progression of the feasibility study into its Nolans rare earth-phosphate project.
Osborne Park-based A1 Minerals Ltd has discovered coal at its Narnoo project in the north eastern Goldfields, which is already prospective for other minerals including gold, nickel and uranium.
Shares in West Perth-based Bass Metals Ltd have jumped 45 per cent on news of record sales from the company's Que River mine and a $3 million cash injection.
Subiaco-based Western Metals Ltd remains on the hunt for an advanced asset acquisition after it walked away from negotiations with a UK-based company to acquire a copper-zinc project in North Wales.
Perth-based Noah Resources NL will undergo a transformation following the approval of its acquisition of Namibian Copper Pty Ltd, and expects to re-list on the local stock market by the end of the month.
Takeover target Perilya Ltd said it is open to CBH Resources Ltd's bid for the company, but advises a merger at a time of market volatility could expose shareholders to additional risks.
Perth-based Resolute Mining Ltd has unveiled an ambitious $51 million capital raising with funds to go towards the continued re-development of its African gold project which is expected to begin production this month.
West Perth-based Royal Resources Ltd will sell its Pilbara iron ore project to its neighbour Giralia Resources Ltd for $3.2 million in cash and shares.
The global financial turmoil appears to have hit the once impervious iron ore market after Mount Gibson Iron Ltd said some of its customers wanted shipments delayed, but other producers remain positive about the outlook.
SINCE I wrote my piece on Tony Sage a few weeks ago, two of his companies - Cape Lambert Iron Ore Ltd and International Goldfields Ltd - have lodged annual reports.
WHAT impact does a mission statement for your business/organisation have on the performance of your people? Does it make them get out of bed any quicker on Monday mornings?
MANY technology and innovation conferences in Western Australia have a sub theme that can be summed up as 'life after the resources boom', but the chair of next week's Leading Lights conference has a different focus.
CLEAN power developer Carnegie Corporation Ltd says more than a third of Australia?s base-load power needs could be economically generated by wave technology, according to a report commissioned by the
West Perth-based Centaurus Resources Ltd has offloaded most of its Australian assets to Clancy Exploration Ltd for $300,000 in a bid to focus on its portfolio of projects in Brazil.
Engineering company Neptune Marine Services Ltd has finalised a $35 million acquisition of its second offshore construction vessel, with $7 million worth of contracts already locked in.
Engineering firm Clough Ltd has secured a further $20 million in work for its vessel, Normand Clipper in the Gulf of Mexico for Apache Corporation and Oceaneering International.
The potential merger between CBH Resources Ltd and Perilya Ltd will have to go ahead without the Mount Oxide copper project, after formal agreements were executed for the $20 million scrip sale.
Emerging producer Atlas Iron Ltd expects to disclose its off-take arrangements shortly as it today received the final environmental approval for its Pardoo iron ore project in the Pilbara.
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.
