Fortescue Metals Group has dismissed the value of over $190 million of legal claims over the suspension of its shipping contracts as "ambit claims", as it reveals that over $2 million of its funds have been frozen in the United States.
Western Australian mining identity Tony Sage will chair the combined entity of Jackson Minerals and Scimitar Resources, which have unanimously agreed to merge.
Shares in Atlas Iron have risen sharply in early trade as the iron ore miner enters into a long-term off-take agreement for its Pardoo project in the Pilbara.
Corporate recovery experts Ferrier Hodgson say they have received significant expressions of interest for the acquisition of copper miner CopperCo, which went into receivership last month.
The continued high risk of Rio Tinto's debt following its Alcan acquisition has prompted international ratings agency Moody's to downgrade the miner's rating.
Minemakers is targeting first production from its Northern Territory project next year as it unveils capital costs of around $100 million for Australia's largest phosphate resource.
Oil and gas explorer Salinas Energy will close its Perth office as its managing director transfers to California as part of restructure plans to help maintain the company's oil production profitability.
A WESTERN Australian technology company that specialises in down-hole survey tools is making headway in Australia and on the international market, despite the global economic turmoil forcing resources projects to shutdown.
Four years after winning a boardroom stoush, St Barbara chief executive and managing director Eduard Eshuys has tendered his resignation with former Newcrest Mining executive Tim Lehany to take over.
Amid a backdrop of falling base metal prices, Northbridge-based Impact Minerals says it will focus on its Nowthunna uranium joint venture in Western Australia following the state government's decision to lift the uranium mining ban.
The state government will ask the private sector to submit proposals for the expansion of Exmouth Boat Habour, which is increasingly catering for super-yachts and ideally placed to service the oil and gas industry.
Redbank Mines has listened to the advice of its largest shareholder, Michael Kiernan, with the spinout of its Fiji project into a separate, dedicated gold vehicle.
Subiaco-based Rox Resources has entered into an agreement with a Chinese minerals company for the majority sale of its Myrtle zinc-lead project for $12.5 million cash.
Cape Lambert Iron Ore says any discussion to acquire more assets remain confidentional and incomplete as reports reveal the company has been in talks over OZ Minerals and CopperCo's assets.
Brisbane-based Intrepid Mines is set to benefit from a full exposure to the gold price as it closes its hedge book for its Paulsens gold mine in Western Australia.
