China is Western Australia’s most important export partner, generating $13.8 billion for the state’s economy in 2006-07 and overtaking Japan as WA’s biggest export market, according to figures from the Department of Industry and Resources.
Perth-based gold explorer CGA Mining Ltd will issue shares worth around $67.4 million through a placement of shares and units to fund the construction of its Masbate gold mine in the Philippines, the company has announced.
Perth-based minerals explorer Northern Star Resources Ltd will pay $100,000 and issue shares and options to Fraka Investments Pty Ltd, resolving the company's competing claim for mineral rights over the Wilson River Project in the East Kimberley.
Welshpool-based mining and earthmoving contractor NRW Holdings Ltd, which recently completed a $303 million initial public offering, has debuted strongly on the Australian Securities Exchange, closing up 20.5 per cent at $2.41.
The state government has questioned the validity of a 34-year old state agreement that Midwest Corporation Ltd and Yilgarn Infrastructure Ltd are relying on for a $2 billion railway and port project in the Mid West region.
Plans by listed mining company CI Resources Ltd to revive its fortunes by appointing new directors, including former state development minister Clive Brown, have suffered a major setback after the federal government rejected plans for new mining leases on