Shares in Forge Resources tumbled after rare earths explorer Lynas Corporation terminated a deal to sub-lease phosphate, tantalum and niobium-prospective areas at its Mount Weld project to Forge.
OZ Minerals has agreed to pay $55.1 million, plus costs, to settle two class actions related to its alleged failure to disclose material information about its financial position.
Brockman Resources continues to recommend shareholders not to accept a takeover from Wah Nam International, after the Hong Kong investment house declared its offer unconditional.
Perth-based explorer Orocobre's shares have jumped after a definitive feasibility study for its flagship $US221 million Salar de Olaroz lithium-potash project in Argentina revealed low costs of production.
Engineering services firm Monadelphous says it has won new maintenance and construction contracts in the resources, energy and infrastructure markets, worth a collective $200 million.
VDM Group's difficulties are continuing, with the consulting, construction and contracting group revealing it has come to an agreement with its financiers to alter its lending covenants.
Rio Tinto has struck an agreement over its giant Simandou iron ore project in Africa that will see the company pay US$700 million to the government of Guinea and hand 15 per cent of the project to the government at no cost.
Consolidated Minerals has urged shareholders of OM Holdings to reject its proposed dual listing on the Hong Kong Stock Exchange, and has flagged major changes to the OM Holdings board.
Asia Iron has become the latest Mid West iron ore player to take a major step forward, with the appointment of WorleyParsons as its project management contractor for the first stage of the Extension Hill magnetite project.
Perth-based engineering services group LogiCamms has won contracts collectively worth $4.5 million from multi-national equipment and engineering group Sandvik.
UPDATE: Woodside Petroluem chief executive Don Voelte has echoed BHP Billiton in hosing down speculation that the multinational mining giant was about to embark on a takeover bid for the oil and gas producer.
Base metals miner Azure Minerals' stocks have spiked after it announced the signing a $13 million farm-in and joint venture agreement with a state-owned Japanese corporation for its El Tocolote copper project in Mexico.
Perth-based gold miner Focus Minerals says it will raise $40 million to accelerate production at its greenfields Treasure Island gold project near Kalgoorlie, through an institutional placement and share purchase plan.
Iron Ore Holdings has launched a $40 million capital raising to advance drilling programs and technical studies at its Iron Valley, Bungaroo South and other mining projects in the Pilbara.
Atlas Iron shares have inched upwards, after the iron ore miner posted record production for March, exporting 547,404 tonnes of direct shipping ore from its Pilbara mines.
Lynas Corporation says it has finalised financing agreements with Japanese rare earths trading house Sojitz Corporation, which will be used as the basis of a $US325 million capital raising.
Leighton Holdings subsidiary Thiess has won a $166 million contract to provide earthworks and infrastructure at BHP Billiton Iron Ore's Jimblebar mine near Newman.
Apache Energy and Tap Oil have been hit with a $158 million lawsuit by Alcoa, which claims a gas supply contract was breached when services were disrupted by the Varanus Island gas explosion in 2008.
Resources industry and business lobby groups say they are still not convinced over the merits of the mining tax despite Treasurer Wayne Swan accepting all 98 recommendations of the tax's December review.
Yara International is proceeding with plans to construct a $US700 million ammonium nitrate plant at the Burrup peninsula, despite the past few months' issues with joint venture partner Burrup Holdings.
Mincor Resources says it may have to close its Otter Juan nickel mine in Kambalda a year before schedule after it was forced to reduce production due to a sudden deterioration in ground conditions in the lower-most levels of the mine.
Mineral Resources has launched a friendly all-scrip takeover offer for unlisted public company Auvex Resources and its 50 per cent interest in the Mesa manganese joint venture tenements in the Pilbara.
Diversified Perth-based explorer Atlantic has announced drilling results have revealed a 19 per cent increase in JORC-compliant resources at its Windimurra vanadium project in the Mid West.
