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Mining

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.

Lion acquires Papua Petroleum for $3m

West Perth-based Lion Energy Ltd, a wholly owned subsidiary of Lion International Investments Ltd, has entered into a share purchase agreement to acquire 20.7 million ordinary shares in Papua Petroleum Ltd.

Rio extends NRW contract

Welshpool-based NRW Holdings Ltd is pleased to advise that the agreement between NRW and Simfer S.A, a wholly owned subsidiary of Rio Tinto, has been extended through to December 31 2009

David Parker quits CME

One of Western Australia's longest serving resources sector representatives, David Parker, has quit his role as a director of leading industry lobby group the WA Chamber of Minerals and Energy.

Richmond closes $3.5m IPO

Belmont-based mineral exploration company Richmond Mining Ltd expects to list on the stock market next week after its initial public offer closed oversubscribed.

ArcelorMittal grabs bigger stake of CoAL

Global steel company ArcelorMittal will increase its stake in Perth-based coal producer Coal of Africa Ltd beyond 15 per cent following approval from the Foreign Investment Review Board.

Fire extinguished at Varanus: Apache

US-based company Apache Energy Ltd said it will have a clearer picture over the coming days of the extent of the damage and the impact on gas supplies caused by an explosion at its Varanus Island gas plant.

Business’ chance to saddle up

For more than 30 years, the Riding for the Disabled Association has struggled to operate its hippotherapeutic animal rides in Western Australia.

Happy with medium-term risk

Perth-based Amcom Telecommunications Ltd is among the most successful company recapitalisations in the local market, and one that spawned an industry.

Demand prompts phosphate float

A West Perth-based company will be banking on the strong fundamentals of the latest hot commodity, phosphate, as it launches its $10 million initial public offering.

Biofuels players go with market flow

Rising fuel prices have failed to re-ignite the state’s fledgling biofuels sector, with producers looking to side businesses, such as glycerine production and feedstock, to generate revenue.

Better use of water resources key state focus

Western Australia could be recycling 30 per cent of its wastewater by 2030, with the state government making water recycling a key focus of its water plan.

Getting the recapitalisation formula right

Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.

RMA finds high-grade prospect in Qld

Perth-based diversified resources company RMA Energy Ltd has discovered a new high-grade tin/copper mineralisation zone at a key Queensland project.

Today's Business Headlines

Action on corporate collapses; Bankwest says it's safe despite sale rumours; Brierty sticks with same line as exchange steps up pressure; Metcash profit leaps but warns on volatility; Suncorp takes a $15m punt on WA's sunshine

Explosion to hit WA gas supplies

An explosion at Varanus Island, a majr gas processing facility off the Pilbara coast, is expected to disrupt gas supplies to the Western Australian market for "a number of days".

Vmoto raises $7m for acquisition

Vmoto has raised $7 million through a share placement, with funds to be used to complete the acquisition of CSR Motorcycles in Spain, as well as to finalise payment for Stage 1 of its manufacturing facility in Nanjing, China.

Nudrill acquired by Ironbridge Capital

Private equity manager, Ironbridge Capital, has acquired three specialist drilling businesses valued at $200 million that operate in the high growth mining and infrastructure services sectors.

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