Shares in United Minerals Corporation have climbed higher after the Perth-based company announced it had increased its Pilbara iron ore resource, boosting its confidence of production in early 2011.
Grange Resources says it has raised $124 million from the rights issue component of its capital raising strategy, with funds to go towards debt reduction and a restructure of iron ore royalty obligations.
Shares in Liberty Resources have surged higher on the back of a resource boost from 338 million tonnes to 3.1 billion tonnes at its Queensland coal tenements.
The number of Western Australian companies looking to list on the local stock exchange is gaining momentum with Laconia Resources the latest to open its $6 million initial public offer.
Shares in West Perth-based Liquefied Natural Gas Ltd have closed lower despite its link to an $11.7 billion gas deal in Queensland between its plant partner Golar LNG Energy and a member of the Toyota Group.
Western Areas has received final ministerial approval for its $36 million Spotted Quoll nickel mine in Forrestania, with Mining and Civil Australia due to start site work later this month.
Subiaco-based Allied Gold plans to make a friendly all-scrip takeover offer for Toronto-listed Australian Solomons Gold in a deal valued at about $60 million.
Mining company Stirling Resources has launched a share entitlement issue to raise approximately $17.5 million to fund the recapitalisation of Monarch Gold, and the commencement of its gold operations near Kalgoorlie.
WHILE many people may dream of sailing at a leisurely pace around the world, Perth couple Phil and Robbie Hearse are among the small number whose dream has become reality.
FIXING state generator Verve Energy must not be done at the expense of electricity retailer Synergy's ability to underwrite new third party generation, the state government has been warned.
HAZELMERE-BASED CFC Group, which has grown to become one of Western Australia's largest private companies, has moved to full ownership of Underground Services Australia.
West Perth-based mining outfit Meteoric Resources has raised more than $1.1 million in a placement to investors to finance initial exploration of its gold project at Webb in WA and new nearby joint ventures targeting iron oxide-copper-gold mineralisation.
WA based iron ore and uranium mining company Royal Resources has acquired private outfit Mintech for $4.95 million taking control of its Razorback iron project in South Australia.
Uranium exploration company Extract Resources has completed its previously announced private placement worth $40.3 million as part of a $91 million capital raising to accelerate exploration activities at its Rossing South project in Namibia.
Minerals exploration company Wolf Minerals has raised $4 million for completion of a bankable feasability study on its Hemerdon Ball tungsten and tin project in England.
The momentum in the state's oil and gas sector continued today with construction officially starting on Apache Energy's Devil Creek domestic gas plant near Karratha.
Adelaide-based Toro Energy has raised $40 million to advance its Wiluna uranium project in Western Australia, with first production anticipated in 2012.
The state's corruption watchdog has cleared former Labor MP John Bowler of misconduct in relation to disclosing information to lobbyist Julian Grill about Fortescue Metals Group's railway line application.
Engineering construction activity in Western Australia is tipped to slump 20 per cent over the next two years, above that of a national 15 per cent decline, economic forecaster BIS Shrapnel says.
Fortescue Metals Group has settled its third shipping dispute, today agreeing to pay an upfront $6.1 million to a Greek shipping company which had launched a $US130 million lawsuit against the iron ore miner last year.
Chevron has secured three new offtake deals for its Gorgon gas project with Japanese and South Korean companies, which Prime Minister Kevin Rudd claims are valued at more than $70 billion.
Paladin Energy says it has received strong institutional support for its $419 million share placement, which will be used to fund acquisitions and expand its Langer Heinrich uranium mine in Namibia.
A petroleum industry body has welcomed federal Resources and Energy Minister Martin Ferguson's plans for an inquiry into an oil spill off the coast of Western Australia.
