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Mining

Lonrho raises $4m ahead of AIM listing

West-Perth based diamond exploration and development company Lonrho Mining Ltd has successfully raised almost $4 million through the placing of 14 million fully paid ordinary shares at 28 cents per share to a number of significant European based instituti

Golden State subsidiary launches uranium IPO

Subiaco-based Golden State Resources Ltd's partly-owned subsidiary White Canyon Uranium Ltd is looking to raise up to $19.5 million though an intitial public offer to fund the exploration and development of its United States uranium projects.

Brockman raises $8m for iron ore project

Subiaco-based mineral explorer Brockman Resources Ltd has raised $8.14 million via the placement of 7,750,000 shares at $1.05 per share, predominantly to domestic and international financial institutions.

Halcyon launches capital raising

Emerging Perth-based nickel producer Halcyon Group Ltd has announced a non-renounceable rights issue to raise funds for working capital and development of its Canegrass Nickel Cobalt project in the North-Eastern goldfields.

Dioro gets all clear for South Kal bid

Perth-based gold company Dioro Exploration NL has satisfied all conditions in its bid to acquire the South Kalgoorlie gold mining project from Harmony Gold Australia.

Iluka unearths new discovery in NSW

Mineral sands miner Iluka Resources Ltd has revealed a fresh heavy mineral discovery in the New South Wales portion of its Murray Basin tenenment holdings.

Fairstar rebutts Golden West claims

Fairstar Resources Ltd has rebutted negative claims made by iron ore explorer Golden West Resources Ltd last week concerning Fairstar's takeover bid for the company.

Former Territory MD joins Conquest

Balcatta-based Conquest Mining Ltd has appointed former Territory Resources Ltd managing director Douglas Stewart as a non-executive director of the company.

Gas field released for exploration

Resources minister Francis Logan has announced the release of the first 'tight gas' acreage block, a source which could power Western Australia's entire domestic gas demand for more than a year.

Homsany to chair Redstone

East Perth-based mining explorer Redstone Resources Ltd has appointed DLA Phillips Fox's corporate and commercial advisory partner in Perth, Richard Homsany, as chairman.

CopperCo increases resource by 16%

Perth-based copper explorer CopperCo Ltd today revealed a 16 per cent increase in resource tonnage and an 11 per cent increase in contained metal at its flagship Mount Isa Lady Annie copper project.

Kalgoorlie-Boulder raises $2.5m for Norseman project

Aspiring gold miner Kalgoorlie-Boulder Resources Ltd has raised $2.5 million to fund ongoing exploration at its Norseman gold project in the eastern goldfields of WA.

Allied Gold targets 60% boost to PNG gold mine

A 60% increase in throughput is already being considered by Allied Gold Ltd as the Perth-based miner readies for first production next month from its flagship A$87 million gold mine in Papua New Guinea.

Russell-Brown to St John of God

ST John of God Health Care has appointed Anne Russell-Brown to the role of Group Director Social Outreach & Advocacy, to further develop and lead the group’s expanding outreach services and activities

Directors’ Interests

Wesfarmers Ltd managing director Richard Goyder has increased his indirect interest in the company through the award of a long term incentive by the company of 79,838 shares worth $3.3m relating to th

Award win for GMA Garnet

PERTH-BASED GMA Garnet Pty Ltd is the sole Western Australian recipient of an Australian Export Award this year, having won the ‘minerals and energy’ category, sponsored by the Minerals Council of Aus

Comings & goings

Advanced Nanotechnology Ltd - Harold Clough has resigned as a director. Ampella Mining Ltd - Paul Wright has resigned as non-executive chairman and director.

Coogee Resources turns it around

Coogee Resources chairman Gordon Martin has described last year’s failed public share offer as “probably the best thing that could have happened” to the company, which is proceeding with its $800m oil project in the Timor Sea under private ownership.

Aquila takes 15% stake in Cullen

Perth-based Aquila Resources Ltd has agreed to subscribe, via its subsidiary Aquila Steel Pty Ltd, for 72 million shares in Cullen Resources Ltd at 10 cents each to raise $7.2 million.

Acceptances for Golden West takeover bid reach 33.7%

Fairstar Resources Ltd has announced that acceptances for its off-market takeover bid for Golden West Resources Limited have now increased further to a total of 33.73% of the issued capital of Golden West.

CITIC launches plans for $5.2bn iron ore project

In a move flagged two weeks ago in WA Business News' hard copy edition, Australia's resource industry has some new competition with the official launch of CITIC Pacific Mining, proponents of the $5.2 billion Sino Iron Project planned for Cape Preston.

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