Paladin Energy Ltd managing director John Borshoff has made an instant paper profit of almost $19 million and chairman Rick Crabb almost $16.5 million, after they exercised share options in the uranium miner today.
Plans to build a $400 million lumber project at Albany have effectively come to an end after Subiaco company Lignor Ltd said it had failed to raise $350 million, triggering the resignation of its managing director Glyn Denison.
Woodside Petroleum has awarded the engineering contract for its Pluto gas plant to a FosterWheeler WorleyParsons joint venture, continuing the run of success Sydney-based WorleyParsons has had in Western Australia.
Michael Kiernan's diversified mineral company India Resources Ltd has expanded its footprint in the Indian resources sector, paying $2.3 million for a 17 per cent stake in fellow Indian minerals developer Pebble Creek Mining Ltd
Natural gas consumption in India has the potential to rise significantly- from 32 billion cubic metres in 2005 to 82 billion cubic metres in 2025- according to a new Australian Bureau of Agricultural and Resource Economics report.
Nickel and base metal explorer Breakaway Resources Ltd has entered into a strategic farm-in joint venture worth $3.5 million with Barra Resources Ltd, over an ambitious gold exploration programme at Breakaway's Kambalda West project in Western Australia.
PepinNini Minerals Ltd has paid $5.5 million for a 51 per cent stake in Eagle Gold Mines Ltd and entered into a farm-in agreement with the company to explore for iron ore in seven Eagle Gold tenements in the Robinson Range area of Western Australia.
A fresh wave of nickel miners is hopeful a new processing technology will realise significant cost benefits, as trials into the feasibility of heap leaching on laterite nickel deposits move into full swing in Western Australian.
Engineering company Clough Ltd's contract dispute over the G1 project in India has deepened after its client ONGC submitted a counterclaim worth US$1.2 billion (A$1.3 billion), a figure Clough insists ignores the limits of liability.
Swick Mining Services Ltd has been awarded new drilling contracts worth $55 million per annum with a number of leading mining houses including Consolidated Minerals, Oxiana, Jubilee, Territory Resources, Barrick and Newmont.