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Mining

CI Resources signs MOU for Chinese phosphate mine

Subiaco-based CI Resources Ltd has signed a deal with China's Xiangxi Xifeng Chemical Phosphate Co Ltd to develop a new phosphate mine neat the town of Xixi in the nation's Hunan province, the company has announced.

Emergent Resources plans $5m IPO

West Perth-based uranium, precious and base metals explorer Emergent Resources Ltd will raise $5 million in its initial public offer to fund an exploration program of its existing tenements, the company has announced.

Tianshan to raise $15.5m for gold feasibility studies

Perth-based gold explorer Tianshan Goldfields Ltd will raise $15.5 million through a placement to fund feasibility studies and a drilling program on its Gold Mountain project.

Iron ore miners claim minimal impact on BIFs

The Geraldton Iron Ore Alliance claims new analysis shows less than one per cent of the Mid West region's Banded Iron Formation ranges will be mined under current proposals of the eight Alliance companies.

Heritage Gold NZ to raise $1.6m in rights issue

West Perth-based Heritage Gold NZ Ltd will raise around $1.6 million through an issue of rights on a one for seven basis, raising funds to advance exploration of the company's gold tenements in Australia and New Zealand.

Macmahon secures 10-year Lafarge contract worth $65m

East Perth-based Macmahon Holdings Ltd has secured a 10-year quarrying contract for France-based Lafarge SA's cement manufacturing plant in Aceh, Indonesia, worth around $64.8 million.

Monarch pays $65m for Hill 50 gold

Michael Kiernan's Monarch Gold Mining Co Ltd has agreed to pay $65 million for Harmony Gold's Mt Magnet gold operations, including the Hill 50 mine.

Reclaim signs MOU for planned fuel-producing tyre recycler

Bibra Lake-based rubber recycling company Reclaim Industries Ltd will develop a tyre processing facility capable of producing fuel and other byproducts, the company has announced.

Rockeby Biomed to raise $2m in SPP

Biotechnology company Rockeby Biomed Ltd has announced plans to raise $2 million through a share purchase plan to existing shareholders, to help fund the international expansion of the company's existing products and continue research and development acti

Vulcan's Finland project hit by rising costs

West Perth-based Vulcan Resources Ltd has been hammered by investors after disclosing that planning for its flagship Kylylahti project in Finland has been adversely affected by higher than expected costs and an unfavourable exchange rate.

Beadell pays $2m for priority access to Challenge drill rigs

West Perth-based Beadell Resources Ltd will pay $2 million in cash and scrip to Boulder-based Challenge Drilling to guarantee priority access to both aircore and reverse circulation drill rigs over a 2 to 3 year period, the company has announced.

Universal, Claremont sign JV deal on Burra Zinc project

West Perth-based Universal Resources Ltd has signed a joint venture agreement with Claremont Resources Ltd, which will see the latter company spend up to $6.5 million on the Burra Zinc project in exchange for 77 per cent of Universal's interest in the ten

Ausdrill completes $95m capital raising

Drilling services company Ausdrill Ltd has completed a $95 million capital raising through a share placement and share purchase plan to fund expansion in Australia and Africa, including a move into contract mining in Australia.

Alan Senior takes Talisman chair after Macpherson retires

Osborne Park-based copper-gold explorer Talisman Mining Ltd chairman Ian Macpherson has retired, to be replaced by Jubilee Mines NL director Alan Senior, the company has announced.

Heron's Kalgoorlie Nickel to third step with CVRD

CVRD-Inco will proceed to step three of the Kalgoorlie Nickel Project, its joint venture with West Perth-based Heron Resources Ltd, and will pass on a draft program and budget for the works by Saturday.

Mining minnows making the grade

With so much wealth sloshing around Western Australia’s mining sector it would be easy to believe many in the industry had hit the jackpot.

$11m collaboration to free gas reserves

AN $11 million research collaboration designed to unlock stranded offshore oil and gas reserves through improved subsea pipeline design was launched in Perth last week.

Giralia’s 20-year journey paying off MacDonalds

Two men who have been quietly working away on an iron ore explorer in Western Australia’s Mid West must have some empathy for tech sector businesses seeking to raise money.

Newsmaker – Andrew Carter

Yilgarn Infrastructure Ltd has appointed mining engineer Andrew Carter (above) as its new chief executive officer, ahead of the company’s tender for the Oakajee Port and Rail infrastructure project.

Howard-Smith appointed at CME

THE Chamber of Minerals and Energy has appointed Reg Howard-Smith as chief executive, replacing Tim Shanahan.

Comings & goings

Australian Wine Holdings Ltd - Lee Boyd has been appointed as a director. Bauxite Resources Ltd- Graeme Smith has been appointed as company secretary following the resignation of Luke Atkins.

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