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Mining

Macmahon looks to other takeover opps

Macmahon Holdings Ltd said it will look at other acquisition opportunities after its takeover bid for Ausdrill Ltd officially closed.

GRD wins contract in $5.2bn iron project

GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.

New uranium deposits acquired

Subiaco-based White Canyon Uranium Ltd has acquired two additional uranium deposits in the White Canyon Uranium District in Utah.

Stonehenge opts out of Indo project

North Perth-based Stonehenge Metals Ltd has terminated an agreement to acquire a majority stake in an Indonesian nickel project due to unresolved issues surrounding exploration permits.

Apex Minerals raises over $60m

Gold company Apex Minerals NL has entered into a subscription agreement with brokerage Goldman Sachs JBWere Pty Ltd to raise over $60 million.

Rio's share raid on Extract continues

Rio Tinto's share raid on South Perth-based Extract Resources Ltd has continued, with the mining major lifting its stake in the explorer to 14.4 per cent.

Bass Metals delivers maiden net profit

Emerging Perth-based base metals company Bass Metals Ltd has confirmed a maiden $1.78 million net profit for fiscal 2008 financial, underpinned by strong high-grade production from the Que River operation in Tasmania.

IPO numbers tumble

Initial public offerings on the Australian share market have sunk to a low of 14 for the first quarter of 2008-09, with 11 of these in the mining sector, according to Ernst & Young's quarterly IPO analysis.

Biggest ever oil expo headed to Perth

More than 300 local and international exhibitors will be on show at the 2009 Australasian Oil & Gas Exhibition in Perth, making it the biggest oil and gas expo ever held in the Southern Hemisphere.

Vulcan Resources feels the pinch

Vulcan Resources Ltd, a base and precious metals development and exploration company working in Finland, has become the latest in a string of companies to feel the pinch thanks to the financial crisis affecting markets around the globe.

Avalon announces entitlement issue

Avalon Minerals Ltd has announced a one for four Entitlement Issue at a price of 15 cents per share, to raise up to $1.95m.

CopperCo announces full year profit

Perth-based CopperCo Ltd has announced their first full year profits, with revenue topping $81m and a net profit after tax of more than $5m

Chinese to take major stake in Grange

Private Chinese company Shagang International Holdings will emerge with a 45 per cent stake in Grange Resources Ltd as a result of a merger deal announced today between Grange and Australian Bulk Minerals.

Catalpa puts shine on gold

Perth-based Catalpa Resources Ltd is aiming to become Australia's next mid tier gold producer by developing its open pit assets, located on its extensive and wholly-owned mining tenements in Western Australia.

Approvals top of iron ore agenda

WESTERN Australia's iron ore miners have called on the newly elected state government to deliver on an election promise to provide a more efficient approvals process for new mine and exploration licences.

Cultural shift a materials matter

SUSTAINABILITY and affordability are beginning to drive innovation in the use of building materials in Western Australia's housing industry, with more developers using imported and lightweight products.

Challenges await Barnett

THE formal swearing-in this week of the Barnett ministry marks the start of what should be an exciting period of government in Western Australia, though there will be no shortage of tough challenges.

Sage sees upside in ongoing Cape Lambert saga

PERTH is clearly an uneasy home for entrepreneur Tony Sage. Though he's spent the bulk of his adult life here or working elsewhere for Perth-based companies, it appears Mr Sage has not always been accepted in the Western Australian capital.

Lessons in Pilbara growth

DEVELOPERS and planners in the Mid West should learn from the Pilbara to better understand the pressures that come along with being a 'boom town', according to Carr Civil Contracting managing director Mark Blayney.

Moore fixes aim on approvals process

NEW Mines and Petroleum Minister Norman Moore is under no illusions about where his focus will have to be as he returns to the position he held in the previous Liberal government - the approvals process for mining and exploration.

Complete wins $65m FMG contract

Perth company Complete Site Services, a subsidiary of the Complete Group, has been awarded a $65 million contract to supply and install a 801-man camp for Fortescue Metal Group's Christmas Creek project, about 100km north of Newman.

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