Swiss mining group Xstrata plc has reduced the minimum acceptance level in its Jubilee Mines takeover offer from 90 per cent to 50 per cent, after struggling to win acceptances from Jubilee shareholders.
West Perth-based Murchison Metals Ltd has confirmed its 375 million tonne estimate over the 15-year mine life of its Jack Hills iron ore project, saying in an announcement today that Midwest Corporation Ltd's statements about the project were incorrect.
Fresh from its rejection of a takeover bid from Fairstar Resources Ltd, Osborne Park-based Golden West Resources Ltd has appointed former Portman Mining managing director Geoff Wedlock as chairman, following John Daniels' retirement.
The uranium asset spin-out of East Perth-based diamonds explorer North Australian Diamonds Ltd, Top End Uranium Ltd, has closed its initial public offer oversubscribed, the parent company has announced.
Ascot-based olive oil maker Olea Australis Ltd will sell its Dandaragan operations, with the exception of its branding, to subsidiaries of West Perth-based Great Southern Ltd for $18.7 million, the company has announced.
Subiaco-based tin and tungsten explorer Wolf Minerals Ltd has announced it is in the final stages of acquiring a major mining and exploration project, with plans to resume trade on the Australian Securities Exchange after completion.
A software program developed by a Perth-based company, which could have significant implications for electrical engineering project design, has won an international award for innovation from the Institution of Engineering and Technology.
Developing a minerals project in Laos has been fairly straightforward for Subiaco-based exploration company, Rox Resources Ltd, despite a recent hurdle in the form of a Laotian government moratorium on foreign investment licences.