South Perth-based gold and nickel explorer Mindax Ltd has announced plans to raise $2.4 million through a non-renounceable entitlements issue to fund planned exploration programs on its uranium, gold, copper and iron ore projects in Western Australia.
Nedlands-based Dioro Exploration NL has announced the terms of its planned capital raising, with plans to distribute 31.2 million subscription receiprt to investors at a price of C$1.60 each, to raise up to C$50 million, the company has announced.
Shares in Burswood-based gold and nickel explorer Tectonic Resources NL have risen 16 per cent after raising around $3 million through scrip issues to Melbourne-based Lion Selection Ltd and West Perth-based Jabiru Metals Ltd.
West Perth-based Halcyon Group Ltd has awarded the nickel extraction scoping study contract for its Canegrass nickel project in the Eastern Goldfields to Perth-based engineering company BatteryLimits Pty Ltd, the company has announced.
Takeover target Midwest Corporation Ltd has claimed that its suitor, fellow iron ore miner Murchison Metals Ltd, has failed to provide sufficient infomation in the bidders statement, as it urged shareholdfers to take no action on Murchison's offer.
Herdsman-based Olympia Resources Ltd has signed a joint venture agreement with Island Minerals Pty Ltd to carry out exploration on the private company's zircon and gold tenements.
WA Business News’ third annual State Economic Review comes during a continuing period of prosperity for Western Australia, courtesy to a large extent of China’s accelerating economic growth.
Global economic growth, particularly from China, resulted in price rises for many mineral commodities and continued historical highs for others in 2007, a trend that will continue into 2008, according to ABARE.
The Western Australian Community Foundation has doubled its funds under management in the past few months, due to contributions from the state’s mining industry, bringing its total funding pool to $3 million.
THE number of Western Australian companies to have listed or plan to list on the Toronto Stock Exchange has risen to 19 after West Perth-based Monarch Gold Mining Company Ltd said it would list early
West Perth-based Monarch Gold Mining Company Ltd has announced plans to list on the Toronto Stock Exchange by the first quarter of 2008, after listing on the Dubai International Financial Exchange earlier this year.
Perth-based gas explorer Po Valley Energy Ltd has signed a contract with Hydrodrilling International SpA to secure a drill rig for use on its gas fields in northern Italy starting in April 2008.
East Perth-based bauxite explorer Bauxite Resources Ltd has remained steady in its debut on the Australian Securities Exchange, closing up 0.5 cents after raising $7.5 million in its initial public offer.
Ric Stowe's private Griffin group is claiming success with its latest efforts to use its Collie collieries as a solution to the salinty issues plague the massive Wellington Dam.
Como-based construction company Forge Group Ltd subsidiaries Cimeco Pty Ltd and Webb Construction (West Africa) Ltd have been awarded $35 million in contracts for work on African mine sites, the company has announced.
West Perth-based Nkwe Platinum Ltd has signed a deal with Dyondisani Mining & Energy Pty Ltd and Bolotola Investment Holdings Pty Ltd to acquire a 100 per cent interest in the prospecting rights to two platinum group metal farms.
