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Mining

Rio signs Perth Airport property deal

Rio Tinto Iron Ore has given the green light to construct a Remote Operations Centre on a two-hectare site at Perth's Domestic Airport, as foreshadowed in WA Business News this month.

Lignor project off after $350m funding fails, MD resigns

Plans to build a $400 million lumber project at Albany have effectively come to an end after Subiaco company Lignor Ltd said it had failed to raise $350 million, triggering the resignation of its managing director Glyn Denison.

WA and China sign historic plant breeding agreements

Western Australia is on the verge of a plant breeding revolution, following the signing of two historic agreements between WA and Zhejiang University in China.

WorleyParsons to earn $320m on Woodside contracts

Woodside Petroleum has awarded the engineering contract for its Pluto gas plant to a FosterWheeler WorleyParsons joint venture, continuing the run of success Sydney-based WorleyParsons has had in Western Australia.

Kiernan's IRL acquires stake in Indian explorer

Michael Kiernan's diversified mineral company India Resources Ltd has expanded its footprint in the Indian resources sector, paying $2.3 million for a 17 per cent stake in fellow Indian minerals developer Pebble Creek Mining Ltd

Barra goes for gold at Breakaway's Kambalda West

Nickel and base metal explorer Breakaway Resources Ltd has entered into a strategic farm-in joint venture worth $3.5 million with Barra Resources Ltd, over an ambitious gold exploration programme at Breakaway's Kambalda West project in Western Australia.

Indian gas demand a boon for LNG exporters: ABARE

Natural gas consumption in India has the potential to rise significantly- from 32 billion cubic metres in 2005 to 82 billion cubic metres in 2025- according to a new Australian Bureau of Agricultural and Resource Economics report.

PepinNini takes 51% stake in Eagle Gold

PepinNini Minerals Ltd has paid $5.5 million for a 51 per cent stake in Eagle Gold Mines Ltd and entered into a farm-in agreement with the company to explore for iron ore in seven Eagle Gold tenements in the Robinson Range area of Western Australia.

Directors’ Interests

VDM Group Ltd executive director Stuart Cuthbert has decreased his indirect interest in the company - held by Redmont Resources Pty Ltd - through the on-market sale of 1 million shares valued at $2.7

Christmas bonus for directors

Eight Western Australian company directors in the mining industry collected tidy Christmas bonuses this week with substantial paper profits from the exercise of options.

Share placements

EXPLORATION companies Navigator Resources Ltd and CityView Corporation Ltd have successfully completed share placements to raise $5 million and $10 million, respectively.

Heap leaching trials crank up

A fresh wave of nickel miners is hopeful a new processing technology will realise significant cost benefits, as trials into the feasibility of heap leaching on laterite nickel deposits move into full swing in Western Australian.

New floats, new finds, new mines

The seventh RIU Explorers Conference is to be held on February 12 and 13 at the Esplanade Hotel Fremantle.

Leading women achieve across the board

Female business executives came to the fore in 2007, winning recognition in some of Australia’s most prominent business awards.

Clough's G1 dispute worsens with US$1.2bn counterclaim

Engineering company Clough Ltd's contract dispute over the G1 project in India has deepened after its client ONGC submitted a counterclaim worth US$1.2 billion (A$1.3 billion), a figure Clough insists ignores the limits of liability.

Monadelphous secures $140m oil and gas contracts

Monadelphous Group Ltd has secured two new oil and gas contracts with a total value of approximately $140 million.

Swick Mining secures $55m in drilling contracts

Swick Mining Services Ltd has been awarded new drilling contracts worth $55 million per annum with a number of leading mining houses including Consolidated Minerals, Oxiana, Jubilee, Territory Resources, Barrick and Newmont.

Jameson, Bellevue, Noah make modest ASX debuts

Emerging mineral explorers Jameson Resources Ltd, Bellevue Resources Ltd and Noah Resources NL have made modest debuts on the Australian Securities Exchange today.

Monarch revamps mine plan to boost production

Monarch Gold Ltd has remodelled its 12 month mine plan for 2008 to ensure monthly gold production targets can be met.

Paramount Mining appoints Steven Cole as chairman

West Perth-based diamond explorer Paramount Mining Corporation Ltd has appointed Solco Ltd chairman Steven Cole as its new non-execuitve chairman.

Exco Resources offloads NSW gold tenement for $12m

West Perth-based gold explorer Exco Resources Ltd has sold its Exco Operations (SA) subsidiary for $12 million to Syrah Resources Ltd and RMB Resources Ltd.

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