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Mining

Pure Energy completes $15m raising

South Perth-based coal seam gas explorer Pure Energy Resources Ltd has completed a $15 million capital raising with funds to head towards exploration costs on projects on the east coast.

GME purchases equipment from Heron

Como-based nickel company GME Resources Ltd has purchased surplus heap leaching equipment from Heron Resources Ltd demonstration plant at the Jump-up Dam project, which was placed on care and maintenance earlier this year.

Aquila loses High Court appeal

Como-based Aquila Resources Ltd battle with AMCI and Brazilian mining company Vale has ended, with the High Court refusing to grant the company leave to appeal.

Today's Business Headlines

Gas pipeline fears first raised in 2003; Cazaly forces Rio to show its hand; Euroz silent on extent of Opes Prime exposure; I won't take Macmahon scrip for Ausdrill: Sayers; Intellect creditors owed at least $36m

Study to determine energy requirements

With the state's energy policy firmly in the spotlight in the wake of the Varanus Island incident, it has emerged that the Chamber of Minerals and Energy is undertaking a major study to determine the resources industry's power needs for the next decade or

Gull consolidates growth after Peak oil purchase

Boosted by its recent acquisition of independent fuel retailer Peak, West Perth-based Gull Petroleum continues to grow its market share in the highly competitive market of fuel retailing.

Brierty battles through perfect storm

When earthmoving contractor Brierty Ltd ran off the rails, so to speak, with two profit downgrades in the space of six weeks during April and May this year, it laid bare some of the major pitfalls of operating in a boom-time environment.

Apache expects repairs to start soon

Apache Energy expects repairs to the damaged pipeline area at its Varanus Island gas facility to start shortly after demolition work started today.

FMG to boost Indigenous employment

Fortescue Metals Group has partnered up with the state government to create jobs in the mining sector for Indigenous people by improving their driving skills.

Ausdrill MD ups stake in company to 14%

Ausdrill Ltd managing director Ron Sayers has spent $8.1 million boosting his stake in the company over the past two days, as it continues to fend off a takeover bid by Macmahon Holdings Ltd.

Australasian project worth $3bn

A study has valued Australasian Resources Ltd's share of the Balmoral South iron ore project in the Pilbara at $3 billion, highlighting the economic viability of the operation that has a 28 year mine life.

Broadbent retires from Woodside

Perth-based Woodside Petroleum Ltd has announced the retirement of director Jillian Broadbent following 10 years of service.

Monarch, Pure Energy in trading halt

Shares in Perth-based resource companies Monarch Gold Mining Company Ltd and Pure Energy Resources Ltd have been placed in a trading halt.

Junior wins against FMG over iron ballot

West Perth-based Hemisphere Resources Ltd has fended off the likes of Fortescue Metals Group Ltd and Brockman Iron Ltd to win a ballot for a Pilbara iron ore tenement close to Rio Tinto's Yandicoogina mine.

Cougar Metals plans $2m raising

Subiaco-based Cougar Metals NL plans to raise $2 million to fund the development of its Brazilian mineral drilling business and continue work on its Pyke Hill nickel project in Western Australia and Alta Floresta gold project in Brazil.

Production starts at Parsons oil field

South Perth-based Cooper Energy Ltd has started production at its Parsons oil field facility in the Cooper Basin in South Australia.

$1.1m China order for Advanced Engine

Malaga-based Advanced Engine Components Ltd has received an order for over 300 natural gas vehicle system kits from Weifang Weichai Peterson Gas Co Ltd in China.

Today's Business Headlines

Cause of gas blast is still top secret; Burnt car dealer sues Euroz over Opes loss; Cazaly eyes another big Rio iron ore prospect; B&B keeps bankers on side; Super fund returns worst for 20 years

CBH plans corporate restructure

Base metals miner CBH Resources Ltd, which is planning to merge with Perth-based Perilya later this year, is undertaking a major corporate and operational restructure to help it withstand falling commodity prices.

Call for 2nd gas pipeline misguided:APIA

Calls from the federal opposition for a second gas pipeline to protect the state's gas supply are misguided, the Australian Pipeline Industry Association said today.

Tiger Resources to list on TSX

Balcatta-based resource company Tiger Resources Ltd has received approval to list its ordinary shares on the Toronto Stock Exchange and plans to list early next month.

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