Leederville-based iron ore company Cape Lambert Iron Ore Ltd has moved to hose down speculation of an agreement with Indian steel giant Essar Group, saying the company remained in negotiations with other parties.
Mount Gibson Iron Ltd and its subsidiary Mount Gibson Mining Ltd will receive $40 million in proceeds from the sale of their combined 73 per cent interest in Asia Iron Holdings Ltd immediately, following its release from escrow.
West Perth-based oil and gas explorer GulfX Ltd closed its share and options offer just five days after launching a prospectus to raise $600,000 to fund exploration expenses of the company's Gulf of Mexico oil assets.
Perth-based iron ore company BC Iron Ltd has launched its prospectus, aiming to raise $6 million for exploration of its iron ore assets, recently spun off from Alkane Exploration Ltd and Consolidated Minerals Ltd.
AWB International has used its veto power to reject a bulk export licence application from Co-operative Bulk Handling Group, protecting wheat growers delivering to the National Pool, while leaving WA wheat growers with few options.
Uranium remained the hottest sector in town last week, with shares in West Perth uranium company WildHorse Energy Ltd listing on the Australian Stock Exchange at more than two and half times its subscription price.
West Perth-based gold explorer Alcaston Mining NL has announced a pro-rata renounceable rights issue to existing shareholders to raise around $1.7 million for a drilling program at its Fiji gold project.
Shares in squabbling iron ore companies Mt Gibson Iron Ltd and Aztec Resources Ltd jumped two per cent today on news of strategic stakes in both being taken by Hong Kong-based Shanghai Merchants Holdings Ltd.