FMG soars on billion-tonne resource find

Shares in Fortescue Metals Group soared 25 per cent today to a new record high after the iron ore group revealed a resource estimate for part of its Pilbara Solomon project of more than one billion tonnes.

Fairstar re-commits to Golden West takeover

Osborne Park-based Fairstar Resources Ltd has reaffirmed its commitment to a takeover of Golden West Resources Ltd, despite the bigger company officially rejecting the scrip bid yesterday.

Post-merger LogiCamms to raise $10m in IPO

West Perth-based electrical engineering and control systems group LogiCamms Ltd aims to raise $10 million in its initial public offer, the company has announced.

Silver Lake closes up 25% in ASX debut

Silver Lake Resources Ltd has debuted strongly on the Australian Securities Exchange, closing 25 per cent above its offer price of 30 cents.

FMG backer invests $68m in Moly Mines

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 and Po Valley Energy.

Atom, NuPower sign farm-in, JV deal for NT uranium project

Perth-based uranium explorers Atom Energy Ltd and NuPower Resources Ltd have entered into a joint venture deal to advance exploration of Atom's Natve Gap project, 120 km north of Alice Springs.

Trade opportunities

The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources

Chinese under the radar with $7bn of Pilbara investment

As the titans of Pilbara iron ore flirt with each other, Andrew Forrest makes his dreams a reality, and the minnows of sector fight over control of the Mid West’s resources, it’s little wonder that almost $7 billion of new investment plans have gone almos

Minimal impact on BIFs – miners

THE Geraldton Iron Ore Alliance has concluded in a study that less than 1 per cent of the Mid West region’s Banded Iron Formation ranges would be mined under current proposals of its eight member comp

Client relations a boost for L7

With some of Western Australia’s biggest corporate names on its books, IT services provider L7 Solutions is making the most of the state’s booming economy.

Business class: Skywest marshalls resources

There may not appear to be much upside for tourists from the surging demand for air services by resources companies, unless of course they’ve always wanted to take a break to the Pilbara, kick around the red dirt, and get a glimpse of some heavy machinery

Miners await Congo ruling

Several Perth-headquartered mining companies operating in the Democratic Republic of Congo are facing an uncertain future, following the Congolese government’s recommendation that 61 mining contracts with foreign companies be renegotiated or terminated.

Golden West rejects Fairstar plan

Osborne Park-based Golden West Resources Ltd has rejected the all scrip takeover offer made by Fairstar Resources Ltd, saying that the bid was inadequate and provided no prospect of faster progress on the development of the Wiluna West iron ore project.

Eagle Nickel launches $9m IPO

Perth-based Eagle Nickel Ltd has opened its initial public offer, aiming to raise $9 million to fund exploration on its 11 nickel, uranium, molybdenum and platinum projects.

TNG raises $5m for Manbarrum drilling project

Subiaco-based mineral explorer TNG Ltd has raised $5 million through a placement to fund progress of its drilling program on its Manbarrum lead, zinc and silver project.

A1 Minerals to raise $1.5m in placement

Osborne Park-based gold explorer A1 Minerals Ltd will raise $1.5 million through a placement to fund a feasibility study on its BrightStar Gold Project, the company has announced.

Gippsland signs 10-year offtake deal with German company

Claremont-based Gippsland Ltd subsidiary Tantalum Egypt JSC has secured a 10 year offtake deal with German company HC Starck GbmH for the supply of tantalum peroxide from its 40 million tonne Abu Dabbab project in Southern Egypt.

Energy Metals to raise $5m in rights issue

West Perth-based uranium explorer Energy Metals Ltd aims to raise around $5 million through a non-renounceable rights issue to fund exploration of its tenements in the Northern Territory and Western Australia.

Matilda ramps up exploration on Cape York projects

West Perth-based mineral sands producer Matilda Minerals Ltd will ramp up exploration on its Cape York deposits, following the granting of permits from the Queensland Department of Mines and Energy.

Bannerman to list on TSX

Perth-based exploration company Bannerman Resources Ltd has won approval to list on the Toronto Stock Exchange, the company has announced.

Avoca acquires gold mine for $271K

West Perth-based minerals explorer Avoca Resources Ltd will acquire the Two Boys gold mine from FMR Investments Pty Ltd, formerly Barminco Investments Pty Ltd, for $271,250 in cash and scrip, the company has announced.