Asset impairments and one-off items totalling $52.2 million substantially impacted Territory Resources' bottom line with the iron ore miner reporting a full-year loss of $71.4 million.
Shares in Moly Mines surged higher today after the company last night announced a $US700 million deal with privately-owned Chinese company Hanlong Mining Investment for its flagship Spinifex Ridge molybdenum project in the Pilbara.
The cost of developing the PNG LNG project, which is competing with Western Australian gas projects for customers and resources, has lifted by 20 per cent to US$15 billion (A$16.7 billion).
South Perth-based Central Petroleum says it will launch proceedings against joint venture partner Petroleum Exploration Australia after the latter failed to execute a key contract condition after Red Sky Energy joined as a partner.
The awarding of contracts for the massive Gorgon gas project is gathering pace with operator Chevron so far handing out about $7 billion worth of work, including the latest $810 million contract to Dutch group Boskalis.
Hannans Reward managing director Damian Hicks will go ahead with the listing of his other company, Scandinavian Resources, which will launch its $6.5 million initial public offer next month.
Lynas Corporation has selected United Group as its lead engineering contractor for its Mt Weld rare earths project in WA, after previous ongoing delays forced then contractor, Ranhill WorleyParsons, to demobilise its resources.
Sam Walsh has been appointed as chief executive of Rio Tinto's Australia operations and will maintain his position in the iron ore division, as the global mining company reshuffles its organisational structure.
Australia's largest provider of contracted air services, Cobham Aviation Services Australia will begin regular direct public flights between Kambalda and Perth next Monday.
Troy Resources' dissident director John Jones has returned fire in an increasingly heated boardroom battle as the company sets a date for the shareholders to decide which directors stay or go.
The administrators of View Resources say they will liquidate the former gold miner as the $16 million from the sale of its Bronzewing mine is used to partly repay a secured loan facility.
The Foreign Investment Review Board has given the greenlight to a $10.5 million investment by a Chinese company into Meridian Minerals, which will apply the funds to its Lennard Shelf zinc project in the Kimberley.
Epsilon Energy has entered into a binding deal to acquire the outstanding shares in private Canadian outfit Takatu Minerals, which holds prospective gold and uranium projects in South America, in an all-scrip deal valued at more than $9 million.
Mining services company Mineral Resources has reached an agreement with Gina Rinehart's Hancock Prospecting for the start of operations at the Nicholas Downs manganese mine from March next year.
GRD Minproc, a subsidiary of Perth-based engineering company GRD, has been awarded the definitive feasibility study contract by Kentor Gold for its Andash gold-copper project in the Kyrgyz Replublic.
The takeover battle for South Perth-based Rocklands Richfield is heating up, with first bidder Jindal Steel and Power boosting its shareholding through a $2.8 million on-market purchase.
