Shares in Forge Group surged higher today after the company upgraded its earnings forecast and secured a second contract at the Sino iron ore project, valued at more than $40 million.
CBH Resources has revealed that major shareholder, Japan's Toho Zinc, has proposed a proportional takeover offer in response to the $213 million offer from Belgium's refining major, Nyrstar.
South Perth-based Central Petroleum has today unveiled plans to raise $22.6 million through a rights issue that has been fully underwritten by Patersons Securities.
A drilling contractor jointly owned by Perth companies Ausdrill and Barminco has secured two contracts valued at $US155 million ($A169 million) for underground work in West Africa.
CBH Resources confirmed today it has received a sweetened takeover offer from Belgium's Nyrstar NV, which has increased its previous offer by $65 million.
The nation's iron ore and coal exports reached record levels in the December quarter last year on the back of strong demand from key Asian markets including Japan, the Republic of Korea and China.
WildHorse Energy says it has entered into agreements to raise $21.8 million, which will be used to fund development of a newly acquired underground coal gasification project in Hungary.
Unlisted public company Cashmere Iron is expecting to play a key role in the growing Mid West iron ore province after it today unveiled an iron ore resource of more than 1 billion tonnes.
Indian miner NMDC, Saudi Arabia's ABS Consulting and Sydney-based Boulder Steel are reportedly planning to submit a $US230 million ($A252 million) proposal to buy a large stake in one of Atlas Iron's Pilbara iron ore mines.
Shares in Territory Resources surged higher today after the iron ore miner reported a turnaround in first half earnings to book a net profit of $13.7 million.
Shares in Chalice Gold Mines closed higher after it entered an option deal to buy out its joint venture partner's interest in an Eritrea project for up to $16.2 million.
Explorer Poseidon Nickel says it is in negotiations with parties in Asia and the US regarding further substantial funding after it today received commitments to raise up to $2 million.
Tony Sage's International Petroleum, formerly International Goldfields, has completed a $30 million capital raising and will now move ahead with the acquisition of Eastern Petroleum Corporation.
Less than five months after going to market for extra equity, miner Norton Gold Fields today says it has raised $20 million through a private placement to a Chinese entity.
The Michael Kiernan-led Stirling Resources says it has finished the $15 million recapitalisation of collapsed Monarch Gold, which will be rebadged as Swan Gold Mining.
West Perth-based Jupiter Mines is poised to acquire a major stake in a South African manganese project from a group of investors including Pallinghurst Resources, in what it says is a "transformational deal".
BHP Billiton has appointed Glenn Kellow as president of its stainless steel materials division, a position based in Perth, taking over from Gerard Bond.
Sandfire Resources says it has raised $51.6 million through a share placement, more than the targeted amount, with funds to be applied to the Doolgunna copper-gold project in Western Australia.
Magellan Metals has restarted processing operations at its Wiluna lead mine, the operation at the centre of the Esperance lead saga more than three years ago.
Panoramic Resources has recorded a profit turnaround to $23.1 million on the back of improving nickel prices and the inclusion of all nickel production from the Lanfranchi mine in Western Australia.
Explorer Sandfire Resources has unveiled a $65 million capital raising to continue exploration and study efforts at its Doolgunna copper-gold project in Western Australia.
Gindalbie Metals and Ansteel have signed another joint venture agreement to target new resource development opportunities in Australia outside of the $1.8 billion Karara iron ore project in the Mid West.
Woodside Petroleum has posted a rise in annual net profit and says sales revenue was down on lower commodity prices despite a positive boost from foreign exchange movements.
The central bank says Australia is experiencing a surge in mining activity driven by commodities demand from China and India that could last more than 15 years and expects the mining industry to double in size over the next few years.
Rio Tinto has started production at its $US901 million ($A999.3 million) Mesa A/Warramboo iron ore mine in the Pilbara, three years after a rare microscopic spider threatened to halt the development.
Nickel miner Minara Resources says it expects to book a profit of $48.5 million for calendar 2009 on the back of higher revenue and a drop in production costs.
Media mogul Kerry Stokes has injected $7 million into explorer Iron Ore Holdings as investigations continue over the possible acquisition of its Iron Valley project by Rio Tinto.
