The pressure for a new deep water port north of Geraldton has increased, with a major Chinese steel company taking a 50 per cent stake in Gindalbie Metals Ltd’s $1 billion Karara iron ore project in the Mid-West.
While not unusual in the North Sea, the Middle East and other parts of the world, it is the first time in Australia that a shared drilling program for a number of different operators has been established.
Aspiring Perth copper producer Equinox Minerals Ltd has added another $40.5 million to an earlier $170M raising to pave the way for production from its $750 million Lumwana copper/uranium project in Zambia in about two years’ time.
Aspiring Perth copper producer Equinox Minerals Ltd has added another $40.5 million to an earlier $170 million raising to pave the way for production from its $750 million Zambian copper project in late 2007/early 2008.
International oil and gas well construction and services company, the Peak Group, has kicked off a unique multi-well, multi-operator management project off Western Australia’s north coast worth over $100 million.
Mining boss Michael Kiernan recently returned from a national road show aimed at shoring up Consolidated Minerals Ltd and walked straight into the firestorm that threatens to consume Croesus Mining NL.
A small, low-key Perth gas exploration company is on the brink of production from strategic reserves in the middle of a major Italian industrial province already struggling under the real threat of having its traditional gas supplies cut.
Andrew Forrest’s Fortescue Metals Group is expected to finish its internal financing plans this week so US bank Citigroup can start the much-awaited funding campaign for the company’s $2.5 billion iron ore project in the Pilbara.