Perth-based Hazelwood Resources Ltd has reached in principle agreement with a number of investors to raise up to $3 million to progress studies at its wholly-owned Big Hill tungsten project.
Iron ore miner Territory Resources Ltd has today ruled out throwing any funding lifelines to embattled Monarch Gold Mining Company, and has also appointed a receiver in relation to outstanding loans.
Mt Pleasant-based oil and gas explorer Comet Ridge Ltd has divested its United States projects worth $7.3 million, in a deal with New York-based equity capital firm Pine Brook Road Partners.
Ausdrill Ltd's managing director Ron Sayers has continued to top up his interest in the company which is fending off a takeover bid by Macmahon Holdings Ltd.
Perth-based asset management firm PearlStreet Ltd has forecast revenue for the 2008 financial year at $80 million, while earnings before interest, tax, depreciation and amortisation is expected to be up to $8.5 million.
Two Western Australian resource companies have received a one-star rating for corporate governance, according to a report by chartered accountants WHK Horwath.
Perth-based Grange Resources Ltd is set to step into the producer ring later this year following joint venture approval to develop an iron ore mine in Malaysia.
Shares in Territory Resources Ltd have been placed in a trading halt pending the release of an announcement on the re-alignment of the company going forward.
Young workers in today's mining services and resources industry are indolent and arrogant, according to some participants at the WA Business News mining services forum.
Changes are under way at local IT company Costing and Logistics Systems, with the adoption of a new brand and business founder Norman Pater handing over the reins next week.
"We've had no vision since Charlie Court ruled here."
That was the message one representative of Perth's mining and resources sector gave to WA Business News' recent mining services and mining technology forum.
When the resources boom hit its straps four or five years ago, many profitable mining services and mining technology organisations emerged in Western Australia with a renewed focus.
Western Australia is renowned as one of the world's great mining provinces, but less well known is the emergence of Perth as a global centre for mining services.
The fallout from mystery fuel-additives group Firepower continues to grow with up to 600 Western Australian investors facing the prospect that their shares could be worthless.
A quarter of Western Australian exporters intend to move at least part of their business offshore within the next five years, the latest DHL Export Barometer survey has found.
The state's resources boom has created a platform to launch many local specialist software companies into the international marketplace, creating a wealth of opportunities and demand for mining services technology.
A week after dropping its acquisition of Adelaide-based drilling company Underdale Drillers, base metals explorer Haddington Resources is now eyeing Brisbane company Pheonix Drilling Services.
Perth engineering company Macmahon Holdings Ltd has negotiated a $100 million extension to a contract with BMA Coal Operations, which owns and operates the Saraji coal mine in Queensland.
Mining identity Michael Kiernan has quit the boards of several West Perth-based resource companies in a bid to reduce his workload and focus on embattled Monarch Mining Gold Company Ltd.
The state government is set to reap over $680 million in iron ore royalties over the next four years after Rio Tinto confirmed it had secured an 85 per cent price increase with Chinese customers.
Oil and gas company Santos has forecast a net production loss of 1.2 million barrels of oil equivalent for 2008 thanks to the Varanus Island gas incident.
East Perth-based VDM Group Ltd, through its subsidiary Keytown Constructions, has been awarded a $13 million contract by Fortescue Metals Group to build 24 houses in South Hedland.
A study into West Perth-based DMC Mining Ltd's Maroko iron ore project in the Republic of Congo has revealed potential revenue earnings of $US1.1 billion ($A1.2 billion) based on a 11 million tonne per annum operation.
Engineering services company Neptune Marine Services Ltd, through its subsidiary, Link Weld Engineering, has been awarded two fabrication contracts, one with Apache Energy Ltd, collectively worth more than $5 million.
The Takeovers Panel has ruled that Harbinger Capital Partners will not be allowed to vote with its 4.27 per cent interest in takeover target Midwest Corporation Ltd while a bid by Chinese steelmaker Sinosteel is active.
A scoping study into Subiaco-based Wolf Minerals' Hemerdon tin and tungsten project in the United Kingdom has revealed a capital cost estimate of $160 million for a three million tonne per annum operation.
