Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
MacPhersons Resources has raised an additional $4 million for exploration at its Nimbus silver project near Kalgoorlie, following on from securing an $8.6 million investment from USA-based RK Mine Fin
Environmental groups have welcomed new rules for hydraulic fracturing, or 'fracking', introduced today by the state government, but have stopped short of throwing their full support behind the new reg
PMI Gold Corporation says it is set to make a final investment decision at its Obotan gold project in West Africa in the fourth quarter of 2012, after releasing a feasibility study today which put a $
Shares in Terranova Minerals shot up on the ASX today, after the Perth-based exploration company announced the acquisition of the 3 million ounce Manica gold project in Mozambique in a cash and scrip
Perth-based gold play Strickland Resources is repositioning itself as a Brazil-focused exploration company, after announcing the acquisition of Orinoco Resources and launching a $2.7 million capital r
Sumatra Copper & Gold has raised $3.78 million through a share placement, with Australian investment house Provident Capital Partners emerging as a cornerstone investor.
Panoramic Resources has lodged an $18.2 million loss for the 12 months to June 30, as the falling nickel price and tough market conditions combined with a fall in the value of the company’s investment
Mining services group Ausdrill has reported a record net profit of $112.2 million for the 12 months to June 30, a 53 per cent jump the company said was the result of its expanded service offering.
Engineering firm WorleyParsons has posted an improved underlying full year profit despite the impact of uncertain economic conditions and the high Australian dollar.
Ramelius Resources has lodged a $2.3 million profit, after revenue from gold sales slipped from $147.6 million in financial year 2011 to $84.1 million in FY2012.
Ausdrill has completed its acquisition of the Best Tractor Parts Group, announcing today it has agreed to pay $165 million for the earthmoving and tractor equipment retailer.
Swick Mining Services is targeting the Australia-Pacific region and North America for further growth, after lodging a significant jump in net profit for the 2012 financial year.
The administrators for collapsed miner Kagara have appointed PCF Capital to sell the company’s north Queensland assets, while Rothschild Australia will co-ordinate the sale of the Admiral Bay zinc-lea
Azumah Resources says it will make a final investment decision early next year at its Wa gold project in north west Ghana, after releasing a feasibility study and maiden reserve for the development to
