Mining

Mineral Resources Ltd directors led by Chris Ellison have sold $36.5 million worth of shares after the scrip came out of escrow, following the release of the company's full year results.

Shares in Belmont-based Ferrowest Ltd were up 14 per cent today after the company agreed to consider a supply deal to South Korean steel manufacturer Dongbu Steel, in exchange for its consideration of investment and other forms of support for the project.

Michael Kiernan-chaired Territory Resources Ltd has acquired about 14 per cent of Herdsman-based mineral sands miner Olympia Resources Ltd, causing Olympia's share price to rise sharply for the second day running.

Perth-based Alkane Exploration Ltd aims to raise $12.8 million through the underwritten issue of 40.1 million shares to existing shareholders on the basis of one new share for every five shares held.

West Perth-based Atlas Iron Ltd will sell the non-iron mineral rights of its Abydos and Goldsworthy tenements to West Perth gold explorer Shaw River Resources Ltd for $1.5 million in scrip and the issue of 2.5 million options, the company has announced.

West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has signed a debt financing agreement worth around $257 million to part fund its purchases of additional mine concession areas in Indonesia, the company has announced.

Como-based GME Resources Ltd will commence a trial heap leach program at the Cawse Nickel plant site, near Kalgoorlie, under an agreement with Norilsk Nickel Cawse Pty Ltd, the company has announced.

West Perth-based uranium and iron ore company Apollo Minerals Ltd will acquire an 80 per cent interest in an iron ore project in the Pilbara for up to $1 million under an option agreement, the company has announced.

West Perth-based oil and gas exploration company Baraka Petroleum Ltd has raised $3.3 million through a share purchase plan, with funds raised to help the company fully acquire the La Punta oil field in Colombia.

State Environment Minister David Templeman has toughened some of the conditions of Robe River Mining Company Ltd's planned development of mine pits at its Mesa A and Warramboo sites in the Pilbara.

West Perth-based metals explorer Azure Minerals Ltd has formally applied for the listing of its ordinary shares on the Toronto Stock Exchange's Venture Exchange, the company has announced.

Shares in Fortescue Metals Group soared 25 per cent today to a new record high after the iron ore group revealed a resource estimate for part of its Pilbara Solomon project of more than one billion tonnes.

The third quarter profits of West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd have fallen to a third of 2006 levels after a force majeure and abnormal rainfall, the company has announced.

Osborne Park-based Fairstar Resources Ltd has reaffirmed its commitment to a takeover of Golden West Resources Ltd, despite the bigger company officially rejecting the scrip bid yesterday.

West Perth-based electrical engineering and control systems group LogiCamms Ltd aims to raise $10 million in its initial public offer, the company has announced.

Silver Lake Resources Ltd has debuted strongly on the Australian Securities Exchange, closing 25 per cent above its offer price of 30 cents.

Moly Mines Ltd has become the latest Western Australian mining company to gain backing from US investment group Harbinger Capital, which has also invested in Fortescue Metals Group, Poseidon Nickel and Po Valley Energy.

Perth-based uranium explorers Atom Energy Ltd and NuPower Resources Ltd have entered into a joint venture deal to advance exploration of Atom's Natve Gap project, 120 km north of Alice Springs.

THE Geraldton Iron Ore Alliance has concluded in a study that less than 1 per cent of the Mid West region’s Banded Iron Formation ranges would be mined under current proposals of its eight member comp

There may not appear to be much upside for tourists from the surging demand for air services by resources companies, unless of course they’ve always wanted to take a break to the Pilbara, kick around the red dirt, and get a glimpse of some heavy machinery

Several Perth-headquartered mining companies operating in the Democratic Republic of Congo are facing an uncertain future, following the Congolese government’s recommendation that 61 mining contracts with foreign companies be renegotiated or terminated.

As the titans of Pilbara iron ore flirt with each other, Andrew Forrest makes his dreams a reality, and the minnows of sector fight over control of the Mid West’s resources, it’s little wonder that almost $7 billion of new investment plans have gone almos

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 I

With some of Western Australia’s biggest corporate names on its books, IT services provider L7 Solutions is making the most of the state’s booming economy.

Osborne Park-based Golden West Resources Ltd has rejected the all scrip takeover offer made by Fairstar Resources Ltd, saying that the bid was inadequate and provided no prospect of faster progress on the development of the Wiluna West iron ore project.

Perth-based Eagle Nickel Ltd has opened its initial public offer, aiming to raise $9 million to fund exploration on its 11 nickel, uranium, molybdenum and platinum projects.

Subiaco-based mineral explorer TNG Ltd has raised $5 million through a placement to fund progress of its drilling program on its Manbarrum lead, zinc and silver project.

Osborne Park-based gold explorer A1 Minerals Ltd will raise $1.5 million through a placement to fund a feasibility study on its BrightStar Gold Project, the company has announced.

West Perth-based uranium explorer Energy Metals Ltd aims to raise around $5 million through a non-renounceable rights issue to fund exploration of its tenements in the Northern Territory and Western Australia.

Claremont-based Gippsland Ltd subsidiary Tantalum Egypt JSC has secured a 10 year offtake deal with German company HC Starck GbmH for the supply of tantalum peroxide from its 40 million tonne Abu Dabbab project in Southern Egypt.

West Perth-based mineral sands producer Matilda Minerals Ltd will ramp up exploration on its Cape York deposits, following the granting of permits from the Queensland Department of Mines and Energy.

Subiaco-based CI Resources Ltd has signed a deal with China's Xiangxi Xifeng Chemical Phosphate Co Ltd to develop a new phosphate mine neat the town of Xixi in the nation's Hunan province, the company has announced.