Global economic growth, particularly from China, resulted in price rises for many mineral commodities and continued historical highs for others in 2007, a trend that will continue into 2008, according to ABARE.
The Western Australian Community Foundation has doubled its funds under management in the past few months, due to contributions from the state’s mining industry, bringing its total funding pool to $3 million.
West Perth-based Monarch Gold Mining Company Ltd has announced plans to list on the Toronto Stock Exchange by the first quarter of 2008, after listing on the Dubai International Financial Exchange earlier this year.
East Perth-based bauxite explorer Bauxite Resources Ltd has remained steady in its debut on the Australian Securities Exchange, closing up 0.5 cents after raising $7.5 million in its initial public offer.
Como-based construction company Forge Group Ltd subsidiaries Cimeco Pty Ltd and Webb Construction (West Africa) Ltd have been awarded $35 million in contracts for work on African mine sites, the company has announced.
West Perth-based Nkwe Platinum Ltd has signed a deal with Dyondisani Mining & Energy Pty Ltd and Bolotola Investment Holdings Pty Ltd to acquire a 100 per cent interest in the prospecting rights to two platinum group metal farms.
Investors in listed investment company LinQ Resources Fund have endorsed the strategy of the existing fund manager, with a majority rejecting proposals for change put forward by UK investor Carrousel Capital.
RMA Energy Ltd will allow an unnamed Chinese company to undertake independent evaluation of its Coane Range and McCauley Creek uranium and base metals tenements ahead of formal discussions, the Perth-based company has announced.
Rivervale-based gold explorer Greater Pacific Gold Ltd has acquired a further 20 per cent stake in private uranium and gold explorer Apogei Pty Ltd, and has been granted an option to acquire an additional 20 per cent of the company.
West Perth-based oil and gas exploration company GB Energy Ltd subsidiary Crown Energy Sro has been granted a uranium exploration licence in the Slovak Republic by the nation's department of environment, the company has announced.