Michael Ramsey

Troy Resources will tap the market for about $38 million through a placement and share purchase plan to fund development at its West Omai gold project in Guyana.

BC Iron has reported record half-year net profit and revenue, driven by strong production from its Nullagine joint venture.

A joint venture between Viento Group and indigenous business Koodaideri has been awarded a $5 million road maintenance contract at Rio Tinto's Nammuldi below watertable project.

Saracen Mineral Holdings has taken advantage of a strong share price rally to launch a capital raising to fund its Thunderbox project acquisition and strengthen its balance sheet.

Mermaid Marine Australia has agreed to purchase the subsidiaries of Singapore-based marine services provider Jaya Holdings for $S625 million ($550 million), in an all-cash deal which represents one of the largest acquisitions by a Western Australian company in recent years.

Belmont-based contractor GR Engineering Services has lifted its half-year net profit despite what it described as persistently subdued trading conditions in the mining services sector.

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Engineering contractor Monadelphous Group has been awarded a $680 million construction contract at Inpex's Ichthys liquefied natural gas project.

Engineering and construction contractor Calibre Group has reported a 13 per cent fall in half-year net profit, driven by a slump in revenue from its rail and transport business.