Minara Resources says an increase in the price of nickel may be the reason behind a 29 per cent share price jump today, after it received its second query from the market regulator in less than a fortnight.
The corporate watchdog says it will ask the Federal Court to consider disqualifying Andrew Forrest from acting as a director as legal proceedings involving Fortescue Metals Group is set to start on Monday.
INDUSTRY has welcomed the Environmental Protection Authority's environmental impact assessment process review, supporting its recommendation to move towards risk-based assessments for environmental approvals.
Struggling iron ore miner Territory Resources has entered a standstill agreement with, and provided additional security to, its financiers as it seeks to restructure or refinance its foreign exchange hedging and loan arrangements.
Fortescue Metals Group chief executive Andrew Forrest says he always expected the federal government would allow a Chinese state-owned steelmaker to increase its stake in the iron ore miner, but expects no further equity investment.