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Mining

Xstrata says would accept just 50% of Jubilee

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.

Red Fork to raise $10m for Oklahoma assets

Subiaco-based oil and gas explorer Red Fork Energy Ltd has announced plans to raise $10 million through a placement to fast track production at its Oklahoma assets.

Iron ore royalties boom as production/prices ramp up

Booming iron ore exports have increased its value to the state markedly, notably in royalties which jumped 25 per cent in 2006-07 to hit $851.

Murchison confirms Jack Hills production estimate

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.

Wedlock to chair Golden West Resources

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.

Oz Brewing diversifies into sheds, accommodation for $5.4m

Mount Pleasant-based Oz Brewing Ltd will acquire a 50.1 per cent stake in Greenwood-based shed builder Shedco and transportable buildings manufacturer Eco Transportables for $5.4 million.

Heron, CVRD approve $13.8m prefeasibility study budget

West Perth-based Heron Resources Ltd and Brazilian giant CVRD Inco have approved a budget of $13.8 million for the first half of the prefeasibility study into the Kalgoorlie nickel project.

GMA Garnet stands out at Australian Export Awards

GMA Garnet Pty Ltd stood out last night at Austrade's Australian export awards by taking the first price in the Minerals Council of Australia's Minerals and Energy category.

Artemis issues $250K shares to uranium consultants

West Perth-based gold and base metals explorer Artemis Resources Ltd has issued shares worth around $250,000 to consultants in relation to its uranium projects in Niger.

Top End closes IPO oversubscribed

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.

Avanco to raise $4m in IPO for exploration in Brazil

West Perth-based metals explorer Avanco Resources Ltd plans to raise $4 million in its initial public offer, to fund exploration of its Brazilian projects.

Great Southern buys Olea's Dandaragan assets for $18.7m

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.

Solco appoints new CEO, adds Ian Campbell to board

Welshpool-based sustainable water and power company Solco Ltd has appointed Alex Lamond as CEO and two new directors, including former federal minister Ian Campbell.

Jameson to raise $2.4m for gold, uranium exploration

Perth-based mineral exploration company Jameson Resources has launched its initial public offer, aiming to raise $2.4 million to fund a work program and further exploration of its tenements.

Bowen offloads $4.1m Macmahon shares

Macmahon Holdings Ltd managing director Nick Bowen has realised $4.1 million through the sale of 2.2 million shares of his indirect interest in the company.

Wolf Minerals plans acquisition ahead of trade resumption

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.

Scotgold to raise $4m in IPO

Perth-based Scotgold Resources Ltd plans to raise $4 million through its initial public offer to fund exploration of its gold, silver and base metals projects in Scotland.

Recognition for I & E Systems

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.

Share options deliver Summit windfall

The former directors of uranium explorer Summit Resources reaped multi million dollar windfalls from share options earlier this year, highlighting just how lucrative options can be.

Rox confident of Lao business link

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.

FMG backer invests in Moly

MOLY Mines Ltd has become the latest Western Australian mining company to gain backing from US investment group Harbinger Capital, which has also invested in Fortescue Metals Group, Poseidon Nickel an

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