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Mining

Lonrho defers AIM listing

West Perth-based diamond explorer Lonrho Mining Ltd has deferred its listing on London's Alternative Investment market as it finalises the sale of it non-core assets and acquisition negotiations.

Fairstar ends bid for Golden West

Osborne Park-based Fairstar Resources Ltd has ended its lengthy takeover bid for Golden West Resources Ltd but its final stake in the takeover target has yet to be determined.

Northwest Shelf gas discovery: Hess

US energy company Hess Corporation has discovered natural gas in upper Jurassic sandstones on the Northwest Shelf.

Analysis tool a stepping stone for XRF

One of the world's rarest elements, thulium, could have a big impact on the nickel industry if a revolutionary analysis technique developed by little-known company XRF Scientific takes off.

Delivery of BP pressure vessel a massive task

Hazelmere fabrication company, Specialised Welding Australia Pty Ltd, last week transported one of the largest vessels ever moved on Western Australian roads.

New leaders for industry groups

Western Australia's two major industry lobbies, the Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy, have witnessed changes at the top during the past year, with new leadership taking the reins.

Perth leads IPOs but numbers with Sydney

Perth remains on track to take the listings crown for 2007-08, having launched the most companies on the Australian Securities Exchange this financial year.

Govt extends Oakajee port deadline

The state government's timeline to announce a preferred proponent for the development of the $2 billion Oakajee Port has been extended by a month.

Sinosteel questions Midwest merger

Chinese steel making giant Sinosteel has indicated it may not support the proposed merger between takeover target Midwest Corporation Ltd and Murchison Metals Ltd as questions are raised over the latter's asset quality.

ARF winner in state gas crisis

The state's current gas crisis is proving to be a boon for West Perth-based biodiesel company Australian Renewable Fuels Ltd, which today received a purchase order for the immediate supply of 500,000 litres of biodiesel.

VDM subsidiary wins $60m in contracts

VDM Group Ltd's Western Australian subsidiary, Wylie & Skene Pty Ltd, has been awarded five new contracts totaling some $60 million.

Bemex, Crescent Gold settle litigation

Subiaco-based exploration company Crescent Gold Ltd has avoided heading to court following a $1.9 million settlement with contractor Bemex Corporation Pty Ltd.

Kagara buys Maitland for $6.5m

West Perth-based miner Kagara Ltd has expanded its resource portfolio after agreeing to pay $6.5 million plus royalties to Glengarry Resources Ltd for the Maitland copper deposit in Queensland.

Minara secures short-term gas supply

Minara Resources Ltd today confirmed that it has secured temporary gas supply and delivery arrangements for its Murrin Murrin operation following the fire which has disrupted gas supply from Apache Energy's Varanus facility.

Today's Business Headlines

WA grapples with energy shortfall; Burrup float in jeopardy; Investment banks' fees fall 27pc; Ship costs jump lifts BHP, Rio case; Bankrupted, but Cumins vows one last tax appeal

Sun raises $4m for Thai project

Oil and gas exploration company Sun Resources NL has secured funding for its Thailand joint venture project, with exploration to start in a few weeks.

Ausdrill says 39.1% against offer

Ausdrill Ltd today reaffirmed its opposition to Macmahon Holdings Ltd's takeover offer, saying directors and other shareholders with 39.1 per cent of its stock would not accept the offer.

Sinosteel extend Midwest deadline

Chinese steelmaker Sinosteel has laid out a further threat to Midwest Corporation Ltd's proposed merger with Murchison Metals Ltd, extending its takeover deadline by over a month.

Nickelore green lights heap leach plant

West Perth-based nickel producer Nickelore Ltd has opted for a 25,000-tonne heap leach demonstration plant at its Canegrass nickel-cobalt Project in the state's Western Australia's Eastern Goldfields.

Japanese group invests $4.5m in Mincor

West Perth-based nickel miner Mincor Resources NL has moved to accelerate one of its key exploration ventures in the zinc-lead industry after securing a joint venture with major Japanese Government entity, JOGMEC.

Apex, Barrick do another deal

Apex Minerals NL has entered into a second nickel joint venture with Barrick Gold Corporation over its Lawler gold tenements in the north eastern Goldfields, which more than doubles the extent of nickel interests.

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