Aquila Resources and Mineral Resources placed their shares in a trading halt this morning, ahead of an announcement regarding a “potential corporate transaction”, due Wednesday.
Fortescue Metals Group has signed a contract with a Chinese shipyard for the construction of four iron ore carriers that are even larger than the Cape size vessels currently in use in the industry.
Tiger Resources has raised $20 million via a share placement earmarked for the expansion of its Kipoi copper mine in the Democratic Republic of the Congo.
Perth civil and construction company Whittens has signed a $25 million contract with NRW for concrete works at the Roy Hill mine site in WA’s Pilbara region.
In the latest twist for takeover target Aquila Resources, suitor Baosteel said it would not increase its $1.4 billion offer for the iron ore developer and that it would reconsider its 20 per cent shareholding in the company if the bid was unsuccessful.
Metals X has been forced to increase the price it is paying for Reed Resources' Meekatharra gold project to $9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.
Calibre Group’s maintenance and construction subsidiary, G&S Engineering Services, has been awarded new and extended work on the Hay Point Coal terminal expansion for BHP Billiton Mitsubishi Allia
Perth company Emmerson Resources has entered into a joint venture agreement with Evolution Mining for the exploration of gold and copper deposits at the Tennant Creek mineral field.
Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $7 billion West Pilbara iron ore project.
Nexus Energy shareholders have rejected Seven Group Holdings’ $26.6 million takeover after the final proxy voting results were confirmed late yesterday.
West Africa-focused explorer Minbos Resources is seeking to raise $1.7 million to pay down debts, renew exploration licences and progress the sale of its Kanzi phosphate project in the Democratic Repu
The takeover bid for Aquila Resources took an unexpected turn today when a mystery buyer, believed to be Mineral Resources, spent about $192 million buying a large stake in the Perth company, paying well above the bid price.
The Chamber of Commerce and Industry is concerned the Maritime Union of Australia’s planned strike action at Onslow will trigger a domino effect of disruptions at the state’s ports, affecting crucial links in the resources supply chain.
Increasingly online-savvy customers have fuelled business and government demand for digital communications advice, which in turn has spurred public relations firms to increase their offering in this specialist area.
Northern Star Resources has cleared the main hurdle to its acquisition of the Jundee gold mine while also announcing monthly production results that were better than its own targets.
