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Mining

Explosion to hit WA gas supplies

An explosion at Varanus Island, a majr gas processing facility off the Pilbara coast, is expected to disrupt gas supplies to the Western Australian market for "a number of days".

Vmoto raises $7m for acquisition

Vmoto has raised $7 million through a share placement, with funds to be used to complete the acquisition of CSR Motorcycles in Spain, as well as to finalise payment for Stage 1 of its manufacturing facility in Nanjing, China.

Nudrill acquired by Ironbridge Capital

Private equity manager, Ironbridge Capital, has acquired three specialist drilling businesses valued at $200 million that operate in the high growth mining and infrastructure services sectors.

Midwest 50:50 on takeover proposals

Midwest Corporation Ltd has told shareholders their response to competing takeover proposals from Murchison Metals Ltd and Sintosteel will depend on whether they have a short-term or long-term investment horizon.

Portman again denies GW bid

Nedlands based Portman Ltd has again denied speculation it will bid to takeover Golden West Resources Ltd, despite applying for approval to increase its interest in Golden West from 14.9 to 19.9 per cent.

Equigold shareholders approve merger

The merger of Lihir Gold Ltd and Equigold NL has been approved by Equigold shareholders.

Sinosteel amends $1.4bn Midwest offer

Chinese steel maker Sinosteel Corporation has declared its $1.36 billion takeover offer for iron ore miner Midwest Corporation Ltd unconditional.

Montezuma acquire stake in Grange site

Perth based Montezuma Mining Company Ltd will acquire an 85 per cent interest in a mining lease owned by Grange Resources, which contains the Durack gold deposit.

Chinese group cleared on Cape Lambert

China Metallurgical Group Corporation has received no objection from the Foreign Investment Review Board for its proposed acquisition of the Cape Lambert Iron Ore project.

Harbinger buys 8% stake in Midwest

New York based investment house, Harbinger Capital Partners, has purchased an 8.1 per cent stake in Midwest Corporation Ltd, adding to the likelihood Midwest's merger with Murchison Metals Ltd will win shareholder backing.

Alchemy to aquire Gascoyne gold project

Alchemy Resources Limited has entered into an agreement with Troy Resources NL to acquire the Three Rivers Gold Project for $2 million.

Skywest to provide charter for Fortescue

Skywest Airlines Ltd today signed a scheduled charter contract with Fortescue Metals Group Ltd for air charter services from Perth to Cloudbreak and return.

Santos in trading halt

Shares of oil and gas producer Santos Ltd have been placed in a trading halt, at the request of the company, pending the release of an announcement.

In Brief: Woodhead sponsors China residency

INTERNATIONAL architectural and design consultancy, Woodhead, is sponsoring two Western Australian artists’ residencies in China, with work being exhibited at the Shanghai Hong Miao Gallery.

Saudis to buy WA miner

A little known Saudi Arabian company is poised to become a major Western Australian exporter if the proposed acquisition of mineral sands miner Bemax Resources Ltd, which has major WA operations, goes

In Brief: 179 St Georges Tce on the market

WHILE several sales campaigns for prime CBD office buildings have come to a close during the past few months, another St Georges Terrace address is being put on the market.

Skywest flights up

Airlines servicing Western Australia's growing resources centres and mine sites have again boosted services and capacity as demand for air services into the regions continues to strengthen.

Harmanis looks to life after Jubilee

After more than 30 years in the mining industry, and celebrating his 60th birthday this year, Jubilee Mines founder Kerry Harmanis has ruled out an entry back to the sector and suggested the possibili

Miners explore West Africa

West Perth-based Ampella Mining Ltd has delivered promising results from its initial exploration programs in the West African country of Burkina Faso.

Jobs in mineral sector up 70% by 2020

Employment in the already buoyant minerals sector is set for even stronger growth with a 70 percent increase forecast by the year 2020, in new research commissioned by the Minerals Council.

Goldstar to relocate, MD to step down

Goldstar Resources NL will relocate the Company's corporate office from Perth to Melbourne as part of its development preparations for the Tubal Cain and Eureka Gold Projects in Victoria.

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