Mineral sands miner Bemax Resources Ltd, which has extensive operations in Western Australia's South West, has recommended that shareholders accept a $301 million takeover offer.
Aurox Resources Ltd today released a response to media reports to clarify the relationship between the WA-based explorer and China's state owned Chengde Iron and Steel Group.
Jabiru Metals Ltd is to raise $51.9 million through a placement at 80 cents per share, to fast track its exploration programme and feasibility studies of its base metals projects.
Murchison Metals Limited insisted today it would not bow to any of the claims of junior explorer Chameleon Mining Ltd, which has instituted legal proceedings to try and win a share of Murchison's iron ore tenements.
Drilling contractor Ausdrill Ltd today formally rejected Macmahon Holdings Ltd's $446 million takeover offer, describing it as inadequate and opportunistic.
Iron ore developers Murchison Metals Ltd and Midwest Corporation Ltd are likely to merge after Midwest's directors unanimously endorsed a proposed scheme of arrangement that values their stock at $7.17 per share.
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Exploration company Spitfire Resources Limited has moved to diversify its asset portfolio and commodity base by acquiring an advanced coal project in Tasmania.
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Takeover target Midwest Corporation Ltd said today it was seeking to establish an acceptance facility for shareholders who want to accept Sinosteel's takeover offer but want protection from a cut in the price they receive.
Alternative capital raising platform, the Australian Small Scale Offerings Board, has signed up Australian Securities Exchange-listed Ipernica Ltd as its second Western Australian accredited member.
The oil and gas industry is a major contributor to Australia's economy, generating estimated revenue of $33.6 billion in 2007, mostly out of Western Australia.
Construction and engineering firm Macmahon Holdings Ltd has launched a $446 million takeover bid for Canning Vale-based Ausdrill Ltd, a year after the drilling contractor revealed it had been approached by an unidentified suitor.
Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.
Epsilon Energy has entered a trading halt as shares in the Subiaco-based explorer skyrocketed by as much as 411 per cent in trade today, after an exploration target of 1 billion tonnes of iron ore was revealed for its Mardie project in the Pilbara.
West Perth based Ampella Mining Limited has appointed Dr Paul Kitto to the role of Chief Executive Officer, reporting directly to the Company's Board of Directors.
West Perth based Overland Resources Ltd has lodged a prospectus to raise $10 million, with funds being used to conduct a full feasibility production study at its Andrew Zinc Deposit in Canada.
Perth-based nickel miner Albidon Ltd could be in play as a takeover target after its major shareholder revealed plans to sell its blocking stake worth some $37 million.
Mineral exploration company Noble Mineral Resources Ltd plans to raise at least $2 million to fund existing projects and raise working capital through an initial public offering.
Osborne Park based Advanced Braking Technology Ltd will aim to raise $4.6 million to fund a network of service centres in Kalgoorlie, the Pilbara, eastern states and South Africa.
A five year agreement to supply subsea equipment and support services for the part Chevron Australia Pty Ltd owned Gorgon Project has been awarded to GE oil and gas business VectoGray.
West Perth based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a quarterly net profit of over $21 million ($US20.1 million), an increase of 139 per cent on the same quarter last year.
West Perth based Washington Resources has signed a joint venture agreement with exploration company Western Desert, allowing Western Desert to explore one of its Northern Territory tenements.
West Perth based Otto Energy Ltd are planning to raise $15 million to fund drilling preparations, site surveys and costs associated with its two permits in Po Valley, Italy.
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AUTOMOTIVE manufacturers are facing unprecedented challenges with escalating costs, changing environmental regulations, and warnings about peak oil across the globe.
