West Perth-based Precious Metals Australia Ltd has secured the principal environmental approvals necessary to reconstruct and commence operation of the Windimurra vanadium mine, the company has announced.
Gindalbie Metals Ltd and Midwest Corporation Ltd could be the losers from a state government review of the Mid West, which has endorsed the big iron ore projects planned for the region but put a question mark over several others.
Western Australian metals explorers Buxton Resources Ltd, of West Perth, and Nedlands-based GBM Resources Ltd traded steady after their debuts on the Australian Securities Exchange.
West Perth-based tungsten-molybdenum miner Thor Mining Plc has signed a native title mining agreement for its Molyhil project in the Northern Territory with the Eastern Arrernte people, the company has announced.
Perth-based oil and gas explorer Strike Oil Ltd has issued 16.9 million shares to shareholders through an entitlements issue, alloting the shortfall of the $10 million capital raising.
Subiaco-based Global Nickel Investments Ltd will acquire a 75 per cent stake in a New Zealand platinum and nickel project for $65,000 and the issue of 2 million shares, the company has announced.
Iron ore developers Gindalbie Resources Ltd and Sundance Resources Ltd confirmed today they would not be proceeding with their planned $2.4 billion merger after shareholders and institutions rejected the concept.
South Perth-based gold and nickel explorer Mindax Ltd has announced plans to raise $2.4 million through a non-renounceable entitlements issue to fund planned exploration programs on its uranium, gold, copper and iron ore projects in Western Australia.
Nedlands-based Dioro Exploration NL has announced the terms of its planned capital raising, with plans to distribute 31.2 million subscription receiprt to investors at a price of C$1.60 each, to raise up to C$50 million, the company has announced.
Shares in Burswood-based gold and nickel explorer Tectonic Resources NL have risen 16 per cent after raising around $3 million through scrip issues to Melbourne-based Lion Selection Ltd and West Perth-based Jabiru Metals Ltd.
West Perth-based Halcyon Group Ltd has awarded the nickel extraction scoping study contract for its Canegrass nickel project in the Eastern Goldfields to Perth-based engineering company BatteryLimits Pty Ltd, the company has announced.
Takeover target Midwest Corporation Ltd has claimed that its suitor, fellow iron ore miner Murchison Metals Ltd, has failed to provide sufficient infomation in the bidders statement, as it urged shareholdfers to take no action on Murchison's offer.
Herdsman-based Olympia Resources Ltd has signed a joint venture agreement with Island Minerals Pty Ltd to carry out exploration on the private company's zircon and gold tenements.
Global economic growth, particularly from China, resulted in price rises for many mineral commodities and continued historical highs for others in 2007, a trend that will continue into 2008, according to ABARE.
WA Business News’ third annual State Economic Review comes during a continuing period of prosperity for Western Australia, courtesy to a large extent of China’s accelerating economic growth.
THE number of Western Australian companies to have listed or plan to list on the Toronto Stock Exchange has risen to 19 after West Perth-based Monarch Gold Mining Company Ltd said it would list early
The Western Australian Community Foundation has doubled its funds under management in the past few months, due to contributions from the state’s mining industry, bringing its total funding pool to $3 million.
West Perth-based Monarch Gold Mining Company Ltd has announced plans to list on the Toronto Stock Exchange by the first quarter of 2008, after listing on the Dubai International Financial Exchange earlier this year.
Perth-based gas explorer Po Valley Energy Ltd has signed a contract with Hydrodrilling International SpA to secure a drill rig for use on its gas fields in northern Italy starting in April 2008.
East Perth-based bauxite explorer Bauxite Resources Ltd has remained steady in its debut on the Australian Securities Exchange, closing up 0.5 cents after raising $7.5 million in its initial public offer.
Ric Stowe's private Griffin group is claiming success with its latest efforts to use its Collie collieries as a solution to the salinty issues plague the massive Wellington Dam.
Como-based construction company Forge Group Ltd subsidiaries Cimeco Pty Ltd and Webb Construction (West Africa) Ltd have been awarded $35 million in contracts for work on African mine sites, the company has announced.
West Perth-based Nkwe Platinum Ltd has signed a deal with Dyondisani Mining & Energy Pty Ltd and Bolotola Investment Holdings Pty Ltd to acquire a 100 per cent interest in the prospecting rights to two platinum group metal farms.
Investors in listed investment company LinQ Resources Fund have endorsed the strategy of the existing fund manager, with a majority rejecting proposals for change put forward by UK investor Carrousel Capital.
RMA Energy Ltd will allow an unnamed Chinese company to undertake independent evaluation of its Coane Range and McCauley Creek uranium and base metals tenements ahead of formal discussions, the Perth-based company has announced.
Rivervale-based gold explorer Greater Pacific Gold Ltd has acquired a further 20 per cent stake in private uranium and gold explorer Apogei Pty Ltd, and has been granted an option to acquire an additional 20 per cent of the company.
Prime Minister John Howard made pledges on climate change and Australian troops in Iraq in last night's debate, but most commentators picked Labor leader Kevin Rudd as the winner.
The Wyllie Group-backed private equity vehicle Viburnum Funds Pty Ltd has made its first acquisition, paying $17.5 million for Imdex Ltd subsidiary Surtron Technologies Pty Ltd.