Scarborough Minerals

Chevron has announced a second cost increase and further delays to its giant Gorgon gas project, with the budget now set at $US54 billion.

Shareholders of Robert Champion de Crespigny-chaired Scarborough Minerals plc and Perth-based minerals investor Mineral Securities Ltd have approved a merger proposal between the two, with the companies now seeking the approval of the English Courts.

The Robert Champion de Crespigny-chaired Scarborough Minerals plc has joined the current wave of corporate activity in the resources sector, announcing an interest in merging with Perth-based minerals investor Mineral Securities Ltd.

Perth-based gold explorer Danae Resources NL has announced UK-based merger partner Greenwich Resources plc has undertaken an underwritten capital raising of £20 million (A$47.2 million).