An independent expert's report has found private equity group Auctus Chillagoe's takeover bid for Mungana Goldmines to be both unfair and unreasonable, saying the 13.5 cents a share price was opportunistic and undervalued the business.
Gold prices have inched higher after hitting a two and a half week low on Thursday as the US dollar and global shares fell amid uncertainty about Greece staying in the euro zone.
Oil prices have risen modestly after a mixed US petroleum report showed declines in crude and petrol inventories that were larger than expected and a rise in crude production.
An expanded Independence Group would hope to eventually enter the ASX100, chief executive Peter Bradford told a Western Australian Mining Club lunch yesterday.
Perth-based Magnolia Resources has engaged two brokers to undertake a $5 million capital raising as part of its reverse takeover of Canadian e-commerce company PDT Technologies.
Mining magnate Gina Rinehart has retained her place as Australia's wealthiest person in the BRW rich list, but her wealth will take a hit of up to $5 billion after her eldest daughter was awarded control of a family trust following a long-running legal battle.
A 270 kilometre-long gas pipeline connecting Fortescue Metals Group's Solomon hub operations to the Dampier natural gas pipeline was officially opened today.
New Zealand miner Newmont Wailhi Gold has ended its contract with Macmahon Holdings almost a year early, following a slip on one of the walls of its Martha open pit, which has delayed production.
World oil prices have finished lower in choppy trade as the strong dollar weighed and a potential rise in Iraq exports heightened global oversupply worries.
The state government has begun acquiring land for the development of a deepwater port at Anketell Point near Karratha, which could potentially be the last major port to be built in the Pilbara.
Norway-focused iron ore miner Northern Iron is receiving support from its financiers to cover foreign exchange losses following a plunge in iron ore prices.
The board of gold miner Ramelius Resources has given its approval to begin mining at the company's Vivien project near Leinster, while also announcing a $10 million facility secured with the Commonwealth Bank of Australia.
Programmed Maintenance Services managing director Christopher Sutherland says it's too early to speculate on what price will be put on its proposed merger with Skilled Group, after announcing a 16 per cent slide in net profit to $25.7 million.
Tap Oil shareholders have lodged a big protest vote, with more than 35 per cent of votes cast against three resolutions at today's annual meeting, with dissident shareholder Chatchai Yenbamroong accounting for a large share of the opposition.
National engineering group UGL and WA-based bulk fuel distributor Great Southern Fuel Supplies have struck agreements with BP to operate and maintain some of the petroleum giant's facilities.
Zijin Mining Group has increased its offer to buy all the shares it doesn't own in Norton Gold Fields to 25 cents a share, boosting the value of the deal to about $41 million.
Perth-based explorer Gold Road Resources has appointed GR Engineering Services to undertake pre-feasibility process and mining studies at its Gruyere project east of Laverton.
Mining contractor Barminco has posted a small increase in underlying earnings in the March quarter, as cost reductions and efficiency measures offset a dip in quarterly revenue to $123.9 million.
Nickel miner Mincor Resources has made a number of redundancies as it plans to cut back development of its Kambalda operations near Kalgoorlie, in response to the ongoing weakness in nickel prices.
Gold prices rose sightly on Monday, even as the dollar gained traction against major currency rivals on signs the US Federal Reserve is preparing to tighten monetary policy for the first time in six years in 2015.
Shares in gold and copper explorer Frontier Resources doubled on news it will acquire an 80 per cent stake in the Gold Ridge mine in Guadalcanal, previously operated by St Barbara.
