Mining

Subiaco based explorer Corazon Mining's share price soared today following an announcement regarding its exploration activities in the Gibson Desert.

Perth-based engineering services provider Calibre Group has been awarded $60 million worth of rail and mine project contracts with iron ore giants BHP Billiton and Rio Tinto.

Silver Lake Resources has deferred the development of its underground Caustons mine at its Murchison gold operations for approximately 12 months due to a tumbling gold price.

Perth-based contractor OTOC announced today it has acquired full ownership of a 700 person commercial kitchen/diner facility at a Fortescue Metals Group site.

Apache Northwest, Santos and Tap Oil announced today that drilling at the Bianchi-1 natural gas well co-owned by the three companies had confirmed a gas discovery, the second for the companies' offshore Carnarvon Basin joint exploration projects. Bianchi is located in the WA-49-R retention lease, around 60km north-west of Onslow and west of Barrow Island, and approximately 21km south of the Gorgon gas field. It is the second confirmed gas discovery in the retention lease, after the Zola-1 well, owned by the same companies and located about 6.4km south-west of the Bianchi site, tested positive in April 2011.

Belmont-based NRW Holdings announced today that it had been awarded a major contract at BHP Billiton's Mooka Iron Ore car repair shop site.

Perth-based Gold Road Resources has delayed a pre-feasibility study in the belief that project development and operating costs in Western Australia will become cheaper.

Subiaco based oil and gas explorer Jacka Resources has raised $3.25 million through the issuing of 38.5 million shares.

Cash-strapped miner Atlantic has obtained two new sources of funding, with the company using an expected R&D tax refund to secure a $15.3 million bank loan.