Aviva Corporation is on the hunt for new resource opportunities as several managers leave and some directors take a pay cut, following the decision to sell its flagship Coolimba power project.
Aurox Resource has today released revised figures for the development of its Balla Balla iron ore-vanadium-titanium project in the Pilbara, with capital cost estimates at a total of $2 billion.
Subiaco-based Gryphon Minerals will ramp up exploration work at its Banfora gold project in Burkina Faso after it today said it had raised $20 million through a share placement.
Grange Resources expects discussions with financiers to pick up after it today received final state approval for its Southdown magnetite iron joint venture near Albany.
CBH Resources has decided to develop its Panorama copper-zinc project in the Pilbara as an underground mine with capital costs estimated at $150 million.
North Perth-based Doray Minerals has joined a growing list of WA companies planning to list on the ASX next month, with the launch of its $8 million initial public offer this week.
Internet service provider iiNet has forecast underlying 2010 financial year earnings to increase by 19 per cent, but does not include a one-off $4 million legal cost for its film copyright case.
West Perth-based Bass Metals plans to raise $15.3 million, which in combination with its $15 million banking facility, will be used to develop the Fossey polymetallic project in Tasmania.
Perth-based Talison Lithium, which owns the Greenbushes lithium operation near Perth, plans to raise up to $196.4 million and dual list on the Australian and Canadian stock exchanges.
Premier Colin Barnett's chief-of-staff Deidre Willmott is moving to a new role with the state government due to a potential conflict of interest while the government's director of communications has been asked to 'sit' on his resignation.
Golden West Resources is at a loss to explain a share price surge of 92 per cent over the past three trading days as speculation emerges of a possible takeover.
Shares in Subiaco-based IMX Resources are higher after an unnamed party expressed interest in providing $US45 million ($A49 million) in finance for its Southern Oregon mineral sands project in the US through a mix of debt and equity.
Shares in Aviva Corporation have slumped after it decided not to extend its option over the only coal deposit for the Coolimba power project in the Mid West, part of the ramifications of the lost power supply tender contract to Verve Energy.
The new industrial relations system is set to create an uneven playing field among skilled tradespeople, which is set to threaten multi-billion dollar resource projects, the Chamber of Commerce and Industry WA says.
Shares in West Perth-based Red 5 have surged after it received the final approval from the Philippines government for its $US73 million ($A79 million) Siana gold project.
The battle for Great Southern's plantation schemes has stepped up today with the Tony Jack-led Black Tree releasing details of its proposal while the Gordon Martin-backed Pulpwood Plantations hits out at rival bidder Gunns.
Singapore-listed Starhill Global Real Estate Investment Trust is set to make its first foray into Australia with a proposal to buy the David Jones building in Perth for $114.5 million.
Panoramic Resources has secured a 10-year extension to its offtake agreement with Jinchuan Group and Sino Nickel for all of the nickel produced at the Savannah operation in the east Kimberley.
The number of Perth-based companies with listing aspirations is growing with four more resource entities this week opening their initial public offers to raise a collective $25 million.
