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.
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.
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.
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.
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.
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.
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.