Matt Mckenzie

Two thousand investors in failed Great Southern managed investment schemes will be forced to repay their loans after the Supreme Court of Victoria upheld a settlement that will see the investors get back just $23.5 million.

Silver Lake Resources has cancelled the $5.5 million sale of its Lakewood Mill near Kalgoorlie, after the buyer was unable to secure financing.

Resource Development Group has been assigned two construction contracts for Chevron’s Gorgon LNG project, following the demise of Killarnee Civil & Concrete Contractors.

Mt Pleasant-based gold junior Alloy Resources is up 28.6 per cent today after a find at its Horse Well joint venture with Doray Minerals.

Shares in explorer IMX Resources have rocketed up 30 per cent after the company announced it had received expressions of interest for its Ntaka Hill nickel project in south-east Tanzania.

Onslow will receive a new hospital and complete its airport redevelopment following the state government’s announcement of two new funding packages today.

The latest numbers from Western Australia’s listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state’s royalty system might erode margins beyond break-even.

Western Australia’s first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.

New vehicle sales in Western Australia continue to perform far below last year, with year-to-date sales down 7.9 per cent for the same period in 2013, according to new figures from the Federal Chamber of Automotive Industries.