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Mining

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.

Chinese Iron and Steel Group invest in Apollo

Newly listed West Perth-based resources company Apollo Minerals Ltd has taken a significant step forward in the development of its recently acquired Western Australian iron ore project, following the signing of a Memorandum of Understanding with Chinese I

Heron sues Russia's Norilsk over tenement access

Nickel explorer Heron Resources Ltd has launched legal proceedings against Russian giant Norilsk Nickel in the Western Australian Supreme Court in a bid to gain access to the Bulong tenements near Kalgoorlie.

Carrick Gold raises $18m

Perth-based Carrick Gold Ltd has raised $18 million after placing 10.6 million shares in the company at $1.70 each to investors and clients of BBY Ltd.

Fortescue 'mum' on $1bn funding from China

A spokesman for Fortescue Metals Group Ltd said the group would not comment on reports that its chief executive, Andrew Forrest, held discussions with bankers in Beijing earlier this week seeking loans to help fund a $1 billion expansion of its Pilbara ir

Navigator and CityView complete share placements

Emerging mining and exploration players Navigator Resources Ltd and CityView Corporation Ltd have successfully completed share placements to raise $5 million and $10 million, respectively.

Jupiter Mines appoint Durack as CEO

Jupiter Mines Ltd has appointed former Batavia Mining Ltd managing director, Greg Durack, as chief executive officer.

Golden West rejects improved Fairstar offer

Golden West Resources Ltd has firmly rejected Fairstar Resources Ltd's improved scrip takeover offer, arguing that the value of Fairstar scrip is highly uncertain and volatile and that Fairstar adds nothing to the planned Wiluna West iron ore project.

Uranium West commits $16m to SA venture

Uranium West Pty Ltd, a wholly owned subsidiary of Perth-based Crescent Gold Ltd, has committed $16 million to a uranium exploration program in South Australia.

Scotgold launches $6m IPO

Perth-based gold exploration company Scotgold Resources Ltd has launched an initial public offer to raise up to $6 million ahead of its plans to list on the Australian Securities Exchange in 2008.

Iluka continues Murray Basin engineering studies

Mineral sands miner Iluka Resources Ltd has announced the go-ahead for a $30 million project in the United States as it continues engineering studies on its major growth projects in Victoria and South Australia.

Directors’ Interests

Straits Resources Ltd non executive director Richard Ong Chui Chat has decreased his direct interest in the company through the on market sale of 1 million shares realising $6.5 million.

Business seeking viable emissions mechanism

With Australia set to introduce a national emissions trading scheme (NETS) by 2010, Western Australian businesses are urging the federal government not to rush the design of the scheme and risk disadvantaging the state’s economy.

Chinese business at Murdoch

RIO Tinto and Murdoch University’s Business School will award four annual scholarships to students interested in forging strong business links with China.

WA firms turn to new funding board

The Australian Small Scale Offerings Board has started to become a significant source of new capital for small Western Australian companies, with Live Technologies Ltd the latest to raise capital through this market.

Negotiating the approvals maze

The environmental approvals process remains problematic for industry in Western Australia, with the increasing regulatory standards likely to present a growing challenge for the state’s miners.

Troy adds to Toronto board's growth

The number of Western Australian companies listing on both the Australian Securities Exchange and the Toronto Stock Exchange has risen to 20, after West Perth-based gold producer Troy Resources NL lodged a preliminary prospectus in Canada.

A precious resource

The mining industry may be responsible for just 12 per cent of the state’s total water consumption, but mining companies are increasingly recognising the importance of water resource management in their operations.

Rio iron seeks Perth operations centre

Rio Tinto Iron Ore Ltd is believed to be close to finalising a deal to create an operational command centre in Perth as part of a shift towards remote-controlled workplaces.

Carbon offsets offer growth potential in marginal areas

The growth in the carbon offset and credit market could present significant opportunities for landholders and farmers in marginal and environmentally vulnerable areas looking for a viable alternative to grain crops.

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