Mining

DIVERSIFIED base metals explorer, Haddington Resources Ltd, is set to acquire the mineral exploration division of Adelaide-based drilling company, Underdale Drillers, for a potential consideration of

Portable housing manufacturers, Fleetwood Corporation Ltd and Nomad Building Solutions Ltd, have posted strong growth in profits for the half year to December 31, boosted by demand from the resources sector.

Life after Alcoa for former Australian chief Wayne Osborn will be a mixture of business and pleasure – but it hardly sounds like he’s slowing down.

MOLY Mines Ltd has awarded a $1.1 billion, seven-year mining and earthmoving contract for its Spinifex Ridge molybdenum project to Perth-based contracting group Macmahon Holdings Ltd.

As office rents in Perth continue to climb, property owners are more likely to retain their assets to capitalise on growth, although the full effects of recent stock market volatility and rising interest rates are yet to be realised, according to property

A Takeovers Panel review has rejected an appeal from Falak Holding LLC, over the panel's decision not to overturn the Dubai-based company's accidental sale of its stake in Golden West Resources Ltd to hostile suitor Faistar Resources Ltd.

Windimurra Vanadium Ltd has raised $54.8 million to fund development of its namesake project in Western Australia's Mid West, following the closure of its heavily oversubscribed entitlement issue.

Gold and base metals explorer, Augustus Minerals Ltd, has made a lacklustre debut on the Australian stock market today, with its shares opening at 40 cents each or 20 per cent down on their offer price of 50 cents.

Diversified West Perth-based resources group, Kagara Ltd, has reported an 8 per cent fall in net profit to $35.9 million for the six months to December 2007, on the previous corresponding period's $38.9 million result.

Nickel miner Mincor Resources NL has announced a $31.3 million net profit after tax for the six months to December 2007, 16 per cent down on its $37.1 million profit for last year's corresponding period.

Joint venture partners Charter Hall Ltd and Cape Bouvard Investments have confirmed the signing of Clough Ltd to anchor their new $220 million Alluvion office tower under construction on Mounts Bay Road.

Diversified base metals explorer, Haddington Resources Ltd, is set to acquire the mineral exploration division of Adelaide-based drilling company, Underdale Drillers, for a potential consideration of $18 million.

Eurogold Ltd and subsidiary, Eurogold Holdings (Bermuda) Ltd, have accepted a $7.95 million settlement from Oxus Holdings (Malta) Ltd and Oxus Gold Plc, after OHML and Oxus terminated an agreement to buy Eurogold's Ukrainian gold assets.

Perth-based Galaxy Resources Ltd has raised $1.79 million via the early staged exercise of unlisted options, to fund the completion of a feasibility study on its Mt Cattlin tenement in Ravensthorpe.

Western Australia's Chamber of Minerals and Energy has welcomed the package of skilled migration measures announced by the minister for immigration and citizenship, senator Chris Evans.

Falcon Minerals Ltd non-executive chairman Kerry Harmanis has resigned from the board of the company, with Xtrata Nickel Australasia executive general manager exploration, Peter Langworthy, appointed in his place.

Brisbane-based minerals explorer, Diatreme Resources Ltd, has announced a potential billion-dollar discovery of zircon at the company's Cyclone Prospect in the Eucla Basin in Western Australia.

Image Resources Ltd spin-out, Emu Nickel NL, has closed its initial public offer after raising the minimum target of $10 million.

Michael Kiernan-chaired companies Monarch Gold Mining Company Ltd and Territory Resources Ltd have raised $10 million and $9.3 million, respectively, from share placements.

Perth-based gold explorer Mawson West Ltd has raised $2 million from the placement of 12.5 million shares at 16 cents per share to RMB Resources Ltd as trustee for the Telluride Investment Trust, and clients of Tricom Equities Ltd.

Moly Mines Ltd has awarded a $1.1 billion, seven year mining and earthmoving contract for the Spinifex Ridge Molybdenum Project to Perth-based contracting group Macmahon Holdings Ltd.

Golden West Resources Ltd has lodged an appeal against the Takeover Panel's decision to uphold Falak Holding's accidental sale of an 8 per cent Golden West stake into hostile suitor Fairstar Resources Ltd's scrip bid.

West Perth-based gold exploration company Central Asia Resources Ltd has appointed Jason Stirbinskis as its new chief executive.

TRADE OPPORTUNITIES The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources.

PALADIN Energy Ltd plans to dual list on the Namibian Stock Exchange on February 14, joining fellow Western Australian uranium player Deep Yellow, which listed earlier this year.

PALADIN Energy Ltd plans to dual list on the Namibian Stock Exchange on February 14, joining fellow Western Australian uranium player Deep Yellow, which listed earlier this year.

Covering territory equivalent in size to the whole of Western Europe, the former Soviet republic of Kazakhstan has attracted plenty of interest from Western Australian companies seeking to exploit its mineral reserves.

JUBILEE Mines NL founding chairman Kerry Harmanis (pictured), along with directors Alan Senior and Gary Pearce and company secretary Gary Lethridge, have all resigned after the takeover of the comp

Apex Minerals NL has announced a substantial increase in Mineral Resources at its 100 per cent owned Wiluna and Wilsons deposits in Western Australia as a result of drilling over the past six months.

The Takeovers Panel has decided not to make a declaration of unacceptable circumstances over a decision by Golden West Resources Ltd's major shareholder, Falak Holding, to sell its 7.12 per cent stake in the company.

Nedlands-based investment company Oceanic Uranium Fund Ltd has extended its $50 million initial public offer until March 28, after a lacklustre response from investors.

Prolific company director Michael Kiernan has stepped down from his role as chairman of India Resources Ltd, to be replaced by non-executive director Andrew Simpson who has worked with Mr Kiernan at several other companies.