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Mining

Ipernica eyes investor base

Alternative capital raising platform, the Australian Small Scale Offerings Board, has signed up Australian Securities Exchange-listed Ipernica Ltd as its second Western Australian accredited member.

North Sea expertise on tap

The oil and gas industry is a major contributor to Australia’s economy, generating estimated revenue of $33.6 billion in 2007, mostly out of Western Australia.

Businesses built on tenacity

Tenacity and perseverance are words that we often associate with battlers – those we admire, who get through life despite the odds.

A once-in-a-generation opportunity

Enormous wealth is being created as a result of WA's unprecedented boom, with a handful of super-rich mining executives leading the way.

White Cliff signs JV with Korean group

West Perth based White Cliff Nickel Ltd has announced a joint venture with a Korean consortium for the exploration of the White Cliff nickel project.

Bannerman awards GRD Namibia contract

Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.

Macmahon launches $446m bid for Ausdrill

Construction and engineering firm Macmahon Holdings Ltd has launched a $446 million takeover bid for Canning Vale-based Ausdrill Ltd, a year after the drilling contractor revealed it had been approached by an unidentified suitor.

Ampella appoints Kitto as CEO

West Perth based Ampella Mining Limited has appointed Dr Paul Kitto to the role of Chief Executive Officer, reporting directly to the Company's Board of Directors.

Epsilon soars on 1bn tonne iron target

Epsilon Energy has entered a trading halt as shares in the Subiaco-based explorer skyrocketed by as much as 411 per cent in trade today, after an exploration target of 1 billion tonnes of iron ore was revealed for its Mardie project in the Pilbara.

Overland sources $10m for study

West Perth based Overland Resources Ltd has lodged a prospectus to raise $10 million, with funds being used to conduct a full feasibility production study at its Andrew Zinc Deposit in Canada.

Albidon now a takeover target

Perth-based nickel miner Albidon Ltd could be in play as a takeover target after its major shareholder revealed plans to sell its blocking stake worth some $37 million.

Noble float seeks $2m

Mineral exploration company Noble Mineral Resources Ltd plans to raise at least $2 million to fund existing projects and raise working capital through an initial public offering.

Advanced Braking to source $4.6m

Osborne Park based Advanced Braking Technology Ltd will aim to raise $4.6 million to fund a network of service centres in Kalgoorlie, the Pilbara, eastern states and South Africa.

Chevron award contract for Gorgon

A five year agreement to supply subsea equipment and support services for the part Chevron Australia Pty Ltd owned Gorgon Project has been awarded to GE oil and gas business VectoGray.

Straits subsidiary reports $21m profit

West Perth based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a quarterly net profit of over $21 million ($US20.1 million), an increase of 139 per cent on the same quarter last year.

Washington and Western Desert in JV

West Perth based Washington Resources has signed a joint venture agreement with exploration company Western Desert, allowing Western Desert to explore one of its Northern Territory tenements.

Otto Energy to source $15m for drilling

West Perth based Otto Energy Ltd are planning to raise $15 million to fund drilling preparations, site surveys and costs associated with its two permits in Po Valley, Italy.

Today's Business Headlines

Gwalia pursues Portman for royalty; NAB won't rule out rival bid; Resources boom for 20 years; BHP market value surges past $250bn on Chinese whispers; Chemicals tycoon snaps up Repcol stake

Price hikes hit biofuels

HIT by the high cost of feedstocks, biofuel players Mission Biofuels Ltd and Australian Renewable Fuels Ltd are seeking to adapt their strategies as rising agricultural product prices disrupt their business models.

Offshore phosphate opportunities

IT may not be considered a sexy commodity compared with the likes of iron and gold, but the rapidly growing importance of potassium and phosphate is attracting the focus of a number of resource companies based in Western Australia.

Orbital circles Chinese deals

AUTOMOTIVE manufacturers are facing unprecedented challenges with escalating costs, changing environmental regulations, and warnings about peak oil across the globe.

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