Shares in aspiring Mid-West iron ore miner Venus Metals Corporation surged over 11 per cent today after it confirmed a better than expected magnetite resource at its Yalgoo iron ore project, east of Geraldton.
Perth-based gold miner Navigator Resources has moved closer to cashing in on rampant investor appetite for rare earths exposure, finalising plans to spin-off its rich Cummins Range project in the Kimberley early next year.
WESTERN Australia’s rare earths and lithium potential have become major selling points to overseas investors for state and federal representatives touting the nation’s resources opportunities on the international conferences circuit.
AUSTRALIA’S leading geothermal energy developer, Brisbane-based Geodynamics, has taken on the hue of a mini-Woodside Petroleum following its recruitment of respected corporate adviser Geoff Ward as managing director.
A major restructure of Pilbara fertiliser producer Burrup Holdings is believed to be under discussion in a bid to resolve the ongoing battle between its estranged owners, Indian businessman Pankaj Oswal and Norwegian giant Yara International.
RESOURCES and Investment non-executive director John Hutton has significantly boosted his holdings in the Miles Kennedy-led copper explorer as investor interest builds over the copper-gold potential of the Doolgunna region.
THE Western Australian government has stepped up its campaign to derail a proposed Canberra-controlled safety regulator for the entire offshore petroleum industry, which it fears will gut its influence over a core industry.
DUTCH offshore construction and services giant Hertel has stepped up its aggressive expansion into Western Australia to cash in on the state’s booming gas sector, buying the Australian operations of Norwegian offshore specialist Aibel Group.
THE Pilbara’s emerging junior iron ore sector fears its best chance of winning guaranteed rail haulage rights will be lost forever when the state’s Legislative Council rises for the last time in 2010 this week.
Australia’s resources-led economic recovery has had a major impact on the pay of WA-based executives, with a big rise in the number of million dollar pay packets as share prices bounced back from GFC lows.
HE role of chairman at Australian public companies has traditionally been reserved for experienced industry professionals tired of working in an executive capacity and who are keen to bring an independent viewpoint to the company boardroom.