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Mining

Top award for Minproc

PERTH-BASED engineering firm, GRD Minproc Ltd, has won the premier’s award for excellence at this year’s WA Industry and Export Awards, held last week.

Castle acquires Ghanan gold project for around $500K

West Perth-based gold explorer Castle Minerals Ltd will acquire a 8,200 sqkm gold project from Newmont Ghana Gold Ltd for around $500,000 in scrip and exploration expenditure.

Anvil shares down as Congo review delivered

The share price of West Perth-based Anvil Mining Ltd closed down 11.3 per cent as a review by the government of the Democratic Republic of Congo into the nation's 61 mining contracts is due to be handed to the country's mines minister today.

Exco to work with Paradigm on Qld uranium projects

West Perth-based Exco Resources Ltd will work with Sydney-based Paradigm Metals Ltd to explore for uranium and other commodities on their Queensland tenements through a joint venture project, the companies have announced.

Tanami Gold to raise $33m in placement

West Perth-based Tanami Gold NL will raise $33 million through a placement to fund work on its Coyote Gold Project, including an accommodation village and new drill programs.

Imdex completes Southernland SA acquisition for $2.8m

West Perth-based Imdex Ltd has completed its acquisition of Chilean drilling fluids manufacturer and supplier Southernland SA for $US2.5 million in cash and scrip, (under $A2.8 million), the company has announced.

View to raise $10.6m in placement for Bronzewing

Perth-based metals explorer View Resources Ltd will raise $10.6 million through the placement of 53 million new shares at 20 cents each, to cover short term funding for its Bronzewing gold project, the company has announced.

Total Staffing Solutions seeks $7m in IPO

Booragoon-based labour hire firm Total Staffing Solutions Ltd has announced plans to raise $7 million through its initial public offer, with funds raised used for the acquisition of a 51 per cent stake in recruitment company Mining People International.

Gooding to chair Brierty in $60m float

Brierty Contractors Ltd has joined the rush of mining services and contracting groups planning to list on the Australian Securities Exchange with the launch this week of a $60 million initial public offering.

Arafura raises $18.5m for Nolans rare earth development

Perth-based mineral explorer Arafura Resources NL has raised around $18.5 million through a placement to fund the operation of a rare earths treatment plant and further drilling at its Nolans project.

WA's Asia Res 168 in exploration deal with UK's Carnegie

West Perth-based private company Asia Resources 168 Ltd has signed a farm-in deal with Carnegie Minerals Plc, which will see the UK-based company fund a nickel and iron exploration program on Asia Resources' tenements on Indonesia's Obi Island.

Qatar Steel takes Sphere project stake for $409m

Funding problems surrounding West Perth-based Sphere Investments Ltd's Guelb el Aouj iron ore project in Mauritania have been resolved, with one party to a joint venture planning to take a 49.9 per cent stake deciding to go it alone.

Western Areas signs $4m nickel exploration deal with Troy

West Perth-based Western Areas NL and Melbourne-based Troy Resources NL have signed an agreement to explore for nickel at Sandstone in Western Australia, the companies have announced.

Industrial Minerals to contest appeal on Oregon project

Planned development of West Perth-based mineral sands explorer Industrial Minerals Corporation Ltd's Oregon Heavy Minerals Project has hit a snag, with local residents appealing the government's approval of the project.

WA companies raising over $250m

It's been a bumper day for capital raisings on the Australian Securities Exchange, with six Western Australian mining and mineral services companies in the midst of raising $250 million in additional funding.

Straits Asia acquires Kalimantan coal mine for $379m

West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd will acquire the Jembayan coal mine in East Kalimantan for around $379 million, the company has announced.

Cape Lambert pays $4m for three Pilbara tenements

Leederville-based iron ore explorer Cape Lambert Iron Ore Ltd has acquired three tenements adjacent to its namesake project for $4 million in cash and scrip, the company has announced.

Midwest Corp faces $3.3m loss due to haul issues

Iron ore producer Midwest Corporation is staring down the barrel of $3.3 million in lost earnings if it fails to secure an extension for road haulage of its ore from the State Government, with its current extension expiring today.

View shares suspended amid $10m placement speculation

View Resources Ltd has suspended its shares amid speculation of a $10 million placement, roughly equal to 10 per cent of its current market capitalisation.

Fairstar hits back at Golden West tax claim

Osborne Park-based Fairstar Resources Ltd has hit back at a claim by its takeover target, Leederville-based gold explorer Golden West Resources Ltd, that the company had failed to outline tax consequences for shareholders accepting the offer.

EnviroGold closes $16m capital raising oversubscribed

West Perth-based mineral explorer EnviroGold Ltd has closed its $16 million capital raising oversubscribed and two weeks ahead of schedule, the company has announced.

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