Gindalbie Metals plans to tap the market for up to $206 million to fund its Karara iron ore joint venture, days after it announced a capital cost increase at the Mid West project.
Shipbuilder Austal will close its Tasmanian operations in a few months leaving most of the 121 employees out of work as the company amends operations in light of changed market demand for smaller vessels.
Hong Kong-based CITIC Pacific has today revealed an $US835 million ($A933 million) cost blowout at its Sino Iron project in the Pilbara due to changes in the cost structure of the industry.
Boart Longyear chairman Graham Bradley has announced he will step down later this year as shareholders today voted against the drilling services company's remuneration report.
Subiaco-based explorer TNG has sold its Manbarrum zinc-lead-silver project in the Northern Territory for $US8.5 million ($A9.5 million) cash to China's Teng Fei Mining, and has flagged more potential deals.
Global Iron and International Petroleum will continue their quest to be reinstated to the Australian Securities Exchange after an appeals tribunal said the stock market regulator should have taken additional information into account.
Shares in Range Resources surged up to 30 per cent today after an investigation into its jointly owned Texas field estimated a potential cash flow of $US363 million ($A402 million).
Cape Lambert Resources has lifted its takeover offer for DMC Mining to the same level as the endorsed offer from Meijin Energy Group while the target ups the ante, saying that other parties could make rival offers.
The environmental watchdog has conditionally recommended the development of the $US2.7 billion ($A3 billion) Collie urea operation by private company Perdaman Chemicals and Fertilisers.
Atlas Iron chief David Flanagan has taken the next step in a growing mining industry campaign against the proposed resources super profit tax, penning an open letter to the prime minister that will be published in newspapers tomorrow.
Mincor Resources says it will restart its Miitel nickel operation, more than a year after it halted production due to the financial crisis, but warns the proposed super profit tax places the mine in a precarious position.
Galaxy Resources says the proposed resources super profit tax will not affect its operation near Ravensthorpe, with profits from the mine to come from a Chinese entity not subject to Australia's tax laws.
Shares in Perth-based Northern Star skyrocketed today after it agreed to buy the Paulsens gold operation in the Pilbara from Intrepid Mines for $27 million.
Iron ore veteran George Jones says the next resources boom is being threatened by the proposed super profit tax as a group of fired-up mining executives today gathered to again express their anger at the Rudd government.
Rio Tinto has denied that it will shelve its iron ore expansion plans in Western Australia on the back of the federal government's proposed super profit tax.
The state government's plan for local councils to merge with one another has proven to be a struggle with only a handful of the 139 councils agreeing to amalgamate and less than half prepared to consider the reform.
Atlas Iron expects to capitalise on the high iron ore prices after the Port Hedland Port Authority granted it permission to make additional shipments in the next few months.
Cape Lambert Resources has cancelled all planned exploration activities at its Pilbara project and will turn its focus overseas in response to the federal government's proposed resources super profit tax.
