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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.