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Mining

Market turmoil prompts Aurox review

The continued global financial turmoil has prompted Aurox Resources Ltd to review alternatives over project implementation for its Balla Balla titanomagnetite operation in the Pilbara.

Crescent Gold mulls merger with SA firm

Subiaco-based Crescent Gold Ltd said it has entered into negotiations with Adelaide-based Australian Zircon NL over a potential merger.

Jupiter enters iron off-take deal

Jupiter Mines Ltd has entered into a potential off-take agreement with a Chinese company over its iron ore projects in Western Australia and other iron assets.

ASIC appoints Dodd WA commissioner

A former senior partner of law firm Mallesons Stephen Jacques in Perth, Bruce Dodd, has been appointed as the state's regional commissioner by the corporate watchdog.

Support wanes for Macmahon takeover bid

Macmahon Holdings Ltd's takeover bid for Ausdrill Ltd will not be declared unconditional as shareholders reverse their decisions to accept the offer.

Harold Clough sells stake for $21m

The Clough family, including patriarch Harold Clough, has sold its remaining shareholding in the engineering and construction company Clough Ltd, pocketing over $21 million from an on-market sale.

Oz Minerals cuts zinc output at WA mine

Oz Minerals Ltd will slash zinc production at its Golden Grove mine in Western Australia by up to 40 per cent on the back of a falling metal price.

IN BRIEF

Another gold miner in administration THE Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its curren

Comings and Goings

Albidon Ltd Len Troncone and Kevin Hart have been appointed chief financial officer and company secretary respectively. Aurox Resources Ltd Richard Adrian has resigned as non-executive director.

Mining Latin American opportunities

WESTERN Australian mining services companies, consulting firm COSOL, engineer GRD Minproc and testing equipment producer Essa among them, are taking advantage of the booming mining and resources market in Latin America.

Ausdrill in line for $100m contract

Ausdrill is one step away from securing a $100 million, five-year drilling contract with South African producer Gold Fields Ltd over its St Ives and Agnew gold mines in Western Australia.

Perth firms advance WA uranium projects

Perth-based companies U3O8 Ltd and Uranex NL have moved quickly to progress the development of their Western Australian uranium projects following the Liberal Party win in the state election.

Serious concerns over Cooper offer

Perth-based Incremental Petroleum Ltd said it does not see any synergies in merging with Cooper Energy Ltd as it again reiterated calls to shareholders to take no action on the bid.

LinQ sells out of Atlas Iron

West Perth-based fund manager LinQ Resources Fund has pocketed nearly $2.3 million after selling its stake in Atlas Iron Ltd.

Another gold firm in administration

The Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its current debt financing arrangements.

Harbinger accepts Sinosteel offer

The last major hurdle for full control of iron ore miner Midwest Corporation Ltd has fallen as US investment bank Harbinger Capital pockets $224 million from Sinosteel's takeover offer.

Inpex decision under threat by fed govt

A yet to be made decision by Inpex Ltd to build a $12 billion liquefied natural gas plant in the Kimberley may be under threat by the federal government.

Cape Lambert receives $80m ahead of time

Cape Lambert Iron Ore Ltd has today received the second payment as part of the $400 million sale of its namesake iron ore project to MCC Mining (Western Australian) Ltd, a wholly owned subsidiary of China Metallurgical Group Corporation.

Barnett seeks urgent meeting with Inpex

Premier-elect Colin Barnett will seek an urgent meeting with Inpex Ltd to encourage the Japanese company and its joint venture partner to build a $12 billion liquefied natural gas plant in Western Australia.

Macmahon's grip on Ausdrill weakens

Macmahon Holdings Ltd has warned of potential falls in Ausdrill Ltd's share price as shareholder support for the takeover wanes.

Mid West mining test for WA Liberals

The sensitivity of mining certain areas of the Mid West region could prove to be one of the first resources test for the new government, as Gindlabie Metals Ltd comes under attack from the Conservation Council of WA.

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