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Mining

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

Salinas raises $6.3m for Californian growth

Subaico-based Salinas Energy Ltd has raised $6.3 million through a share issue, allowing it to pursue further growth in its Southern California oil fields.

Global Gold sparkles, up 35% in ASX debut

West Perth-based Global Gold Holdings Ltd has performed strongly in its debut on the Australian Securities Exchange, closing up 35 per cent on its offer price.

SmartTrans raises $3.1m in China Alarm placement

Leederville-based mineral explorer SmartTrans Holdings Ltd has raised $3.1 million through the placement of 83 million of shares to Chinese company China Alarm Holdings Ltd.

Sally Malay withdraws from Panton project

Nickel miner Sally Malay Mining Ltd announced today that it has withdrawn from Platinum Australia Ltd's Panton PGM Project in the Kimberley.

Gondwana to acquire Wallal Downs for $57,000

Subiaco-based Gondwana Resources Ltd will acquire the Wallal Downs prospect, located 180km east of Port Hedland, for the issue of shares worth around $57,000 to vendor Ausprey Resources Pty Ltd.

Azure applies for Mexican mining concession

West Perth-based metals explorer Azure Minerals Ltd has applied for a mining concession covering an extensive area of surface mineralisation in Sonora, Mexico.

Ferrowest up 14% on Donbu Steel MOU

Shares in Belmont-based Ferrowest Ltd were up 14 per cent today after the company agreed to consider a supply deal to South Korean steel manufacturer Dongbu Steel, in exchange for its consideration of investment and other forms of support for the project.

Oceanic Uranium Fund opens $50m IPO

Nedlands-based investment company Oceanic Uranium Fund Ltd will raise $50 million in its initial public offer, raising funds to pursue investments in the uranium and broader energy sectors, the company has announced.

Mineral Resources directors, managers offload $66m shares

Mineral Resources Ltd directors led by Chris Ellison have sold $36.5 million worth of shares after the scrip came out of escrow, following the release of the company's full year results.

Olympia up 88% as Kiernan buys big stake

Michael Kiernan-chaired Territory Resources Ltd has acquired about 14 per cent of Herdsman-based mineral sands miner Olympia Resources Ltd, causing Olympia's share price to rise sharply for the second day running.

Alkane to raise $12.8m for feasibility studies

Perth-based Alkane Exploration Ltd aims to raise $12.8 million through the underwritten issue of 40.1 million shares to existing shareholders on the basis of one new share for every five shares held.

Atlas sells non-iron rights on two tenements to Shaw River

West Perth-based Atlas Iron Ltd will sell the non-iron mineral rights of its Abydos and Goldsworthy tenements to West Perth gold explorer Shaw River Resources Ltd for $1.5 million in scrip and the issue of 2.5 million options, the company has announced.

Straits Asia signs $257m debt financing deal for mine buys

West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has signed a debt financing agreement worth around $257 million to part fund its purchases of additional mine concession areas in Indonesia, the company has announced.

Baraka raises $3.3m in SPP for oilfield acquisition

West Perth-based oil and gas exploration company Baraka Petroleum Ltd has raised $3.3 million through a share purchase plan, with funds raised to help the company fully acquire the La Punta oil field in Colombia.

GME to commence trial heap leach program at nickel mine

Como-based GME Resources Ltd will commence a trial heap leach program at the Cawse Nickel plant site, near Kalgoorlie, under an agreement with Norilsk Nickel Cawse Pty Ltd, the company has announced.

Apollo to acquire Pilbara iron ore project for $1m

West Perth-based uranium and iron ore company Apollo Minerals Ltd will acquire an 80 per cent interest in an iron ore project in the Pilbara for up to $1 million under an option agreement, the company has announced.

Rio's Mesa A project gets conditional approval

State Environment Minister David Templeman has toughened some of the conditions of Robe River Mining Company Ltd's planned development of mine pits at its Mesa A and Warramboo sites in the Pilbara.

Azure Minerals applies for TSX-V listing

West Perth-based metals explorer Azure Minerals Ltd has formally applied for the listing of its ordinary shares on the Toronto Stock Exchange's Venture Exchange, the company has announced.

Straits Asia's third quarter profits fall by $6 million

The third quarter profits of West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd have fallen to a third of 2006 levels after a force majeure and abnormal rainfall, the company has announced.

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