Nickel miner Mincor Resources has released its full year results, revealing a net profit after tax of $1.85 million, a turnaround of more than $20 million from the previous financial year.
Former Kogi Iron and Galaxy Resources boss Iggy Tan has been appointed managing director of Australia Minerals and Mining Group, as the company moves to commercialise its High Purity Alumina project in the south-west.
Perth-based Handley Surveys has been given a $25 million two-year extension to its contract with Bechtel for surveying services to the Chevron-operated Wheatstone project.
Perth-based explorer Tian Poh Resources has launched an initial public offering to raise up to $6 million, to fund exploration and development of its Mongolian assets.
Oil and gas firm Coretrack has signed a licence agreement with Specialised Oilfield Services for its core level recorder system technology, which will give SOS exclusive rights to develop, operate, manufacture and sub-license the technology.
Perth-based mining services firm Ausdrill announced today that its subsidiary Energy Drilling Australia would be mobilising its new $20 million high-tech rig, the Schramm T500XD Telemast.
Perth-based Southern Cross Electrical Engineering has been awarded an electrical and instrumentation contract at CITIC Pacific Mining’s Sino Iron project at Cape Preston, worth over $10 million.
Perth-based explorer NSL Consolidated has announced it has received $2.5 million from financer Effectivo, which will in turn receive 25 million of the company's shares.
Subiaco-based gold and metal base explorer Ironbark Zinc has announced a $2.5 million capital raising for permitting and pre-development works at its Citronen zinc project in Greenland.
Shares in junior oil and gas explorer Neon Energy have surged over 70 per cent on the news that the company had agreed to pay $US5.75 million to its Vietnamese joint venture partners, settling financial liabilities.
Origin Energy has completed its acquisition of Karoon Gas’s 40 per cent interest in its Browse Basin permits, which include the Poseidon gas discovery.
A coalition of state and national environmental groups have raised concerns about water contamination and other impacts on Western Australia’s largest national park.
Fortescue Metals Group has awarded Perth-based Intellect Systems, a subsidiary of Resource Development Group, a control and engineering services contract for the first stage of its North Star magnetite project in the Pilbara.
VDM Group has responded to rumours it will acquire mining rights at an Angolan copper project by saying the potential acquisition is incomplete with no certainty on its terms.
FEATURE: Biotech and IT companies are enjoying renewed investor interest, but these innovative businesses are facing a changing capital raising market featuring less government support and, in Perth, a drastic shift in the venture capital sector.
