Perth-based Indo Mines has received government approval to develop its $870 million Jogjakarta liquid iron project in Indonesia, the first such approval granted to a foreign company in over 10 years.
The global economic turmoil has prompted West Perth-based BC Iron to review a smaller start-up operation for its Nullagine iron ore project in the Pilbara which could save its some $80 million in development costs.
The state government has appointed former resources department deputy director general, Stuart Smith, as the new chief executive of the Department of Fisheries.
Herdsman-based Olympia Resources Ltd is undertaking a strategic review of its projects in light of the current financial crisis while chairman Mal Randall steps down.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
Mines and Petroleum Minister Norman Moore has not given up hope the state can still benefit from Inpex's multi-billion dollar Ichthys liquefied natural gas facility.
Clough Ltd has signed a $56 million agreement with Superior Energy Services Inc to charter the newly built Rem Clough and provide associated subsea services.
Mount Gibson Iron Ltd has entered into several offtake deals with two Hong Kong listed companies, one a major shareholder, as it plans a $162 million capital raising that is fully underwritten.
West Perth-based Industrial Minerals Corporation Ltd will explore funding arrangements for the development of its $67 million US project after its joint venture partner pulled out.
Takeover target Perilya Ltd said an update on resources at its downsized Broken Hill lead and zinc mine could "significantly" extend the mine's life, based on conservative metals prices, beyond the previously advised three years.
The Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy say the federal government's economic modelling of its proposed emissions trading scheme has confirmed their concerns about the scheme and its impact on the state.
The once hot commodity, phosphate, appears to be affected by the global meltdown with miner Phosphate Resources Ltd today saying it has had a "sharp and marked" slowdown in demand from its Asian markets.
Nickel miner Mincor Resources Ltd has downgraded its annual nickel production target following an operational review in light of the plummeting nickel price.
Perth-headquartered RCR Tomlinson Ltd was secured a mechanical works and warehouse services contract for Woodside's Pluto liquefied natural gas project, valued at over $60 million.
West Perth-based miner Kagara Ltd expects to save some $70 million this financial year as it releases details from its review of operations and expenditure following a plunge in commodity prices.
A projected one quarter delay for the start up of the Boddington gold project has blown out Newmont Mining Ltd's share of the capital cost of the operation to up to $2.8 billion.
