West Perth-based Equinox Minerals Ltd has secured a new $103 million loan facility, underwritten by a banking syndicate, for its Lumwana copper project in Zambia.
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.
Subiaco-based Poseidon Nickel Ltd will sack at least nine workers after the company said yesterday it had suspended work at the underground Mt Windarra Nickel Project in the Goldfields.
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.
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.
CHINA continues to dominate Western Australia’s export focus, generating more than $16 billion in revenue in 2007-08, according to figures from the Department of Industry and Resources.
WESTERN Australia formally lost its bid to host a multi-billion dollar liquefied natural gas plant on Friday, with Japanese company Inpex Ltd and project partner Total E&P Australia announcing Dar
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.
Balcatta-based Perseus Mining Ltd has estimated capital costs for its gold project in Ghana to cost $220 million as the definitive feasibility study remains on track for completion in April next year.
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.
Perth-based CGA Mining Ltd expects to start producng gold from its $250 million Philippines project in the first quarter of next year as construction of the operation runs ahead of schedule.
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.
Lessons learnt from the Asian financial crisis are now cushioning the region from the continuing global fallout overnight from the United States equities quagmire, according to one of South East Asia's most prominent business commentators.
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.
North Perth-based Stonehenge Metals Ltd has terminated an agreement to acquire a majority stake in an Indonesian nickel project due to unresolved issues surrounding exploration permits.
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.
Emerging Perth-based base metals company Bass Metals Ltd has confirmed a maiden $1.78 million net profit for fiscal 2008 financial, underpinned by strong high-grade production from the Que River operation in Tasmania.
Initial public offerings on the Australian share market have sunk to a low of 14 for the first quarter of 2008-09, with 11 of these in the mining sector, according to Ernst & Young's quarterly IPO analysis.
More than 300 local and international exhibitors will be on show at the 2009 Australasian Oil & Gas Exhibition in Perth, making it the biggest oil and gas expo ever held in the Southern Hemisphere.
Vulcan Resources Ltd, a base and precious metals development and exploration company working in Finland, has become the latest in a string of companies to feel the pinch thanks to the financial crisis affecting markets around the globe.
Private Chinese company Shagang International Holdings will emerge with a 45 per cent stake in Grange Resources Ltd as a result of a merger deal announced today between Grange and Australian Bulk Minerals.
