Dan Wilkie

Phoenix Gold has raised $20 million through a share placement, to accelerate drilling programs at its gold projects in the Goldfields over the next 12 to 15 months.

NRW subsidiary Action Drill and Blast has won a three-year, $100 million supply contract with John Holland Group in Queensland.

Reed Resources has launched a $10 million placement and share purchase plan, to boost working capital as it moves towards start-up at its Meekatharra gold project.

Signs of life are starting to emerge in the sputtering initial public offerings market, with three Western Australian explorers advancing plans to list on the Australian Securities Exchange this week

Perth-based shipbuilder Austal has won a £10.5 million ($16.3 million) deal for the design and construction of three wind farm support vessels, which will operate off the European coast.

Miners Mount Gibson Iron, Atlas Iron and Sinosteel Midwest Corporation have announced plans to slash spending and reduce the size of their workforces in response to recent iron ore market uncertainty.

Japanese brewing giant Lion has announced it will shut down its Swan Brewery in Canning Vale, with at least 80 workers set to lose their jobs.

Parsons Brinckerhoff has been contracted by Horizon Power to construct a 20 megawatt gas turbine power plant in Karratha.

Engineering and project services group Clough has won a $10 million contract to support exploration works at the Morobe Mining joint venture’s Wafi-Golpu project in Papua New Guinea.