Perth-based Carrick Gold Ltd has raised $18 million after placing 10.6 million shares in the company at $1.70 each to investors and clients of BBY Ltd.
Nickel explorer Heron Resources Ltd has launched legal proceedings against Russian giant Norilsk Nickel in the Western Australian Supreme Court in a bid to gain access to the Bulong tenements near Kalgoorlie.
A spokesman for Fortescue Metals Group Ltd said the group would not comment on reports that its chief executive, Andrew Forrest, held discussions with bankers in Beijing earlier this week seeking loans to help fund a $1 billion expansion of its Pilbara ir
Emerging mining and exploration players Navigator Resources Ltd and CityView Corporation Ltd have successfully completed share placements to raise $5 million and $10 million, respectively.
Golden West Resources Ltd has firmly rejected Fairstar Resources Ltd's improved scrip takeover offer, arguing that the value of Fairstar scrip is highly uncertain and volatile and that Fairstar adds nothing to the planned Wiluna West iron ore project.
Uranium West Pty Ltd, a wholly owned subsidiary of Perth-based Crescent Gold Ltd, has committed $16 million to a uranium exploration program in South Australia.
Perth-based gold exploration company Scotgold Resources Ltd has launched an initial public offer to raise up to $6 million ahead of its plans to list on the Australian Securities Exchange in 2008.
Mineral sands miner Iluka Resources Ltd has announced the go-ahead for a $30 million project in the United States as it continues engineering studies on its major growth projects in Victoria and South Australia.
The Australian Small Scale Offerings Board has started to become a significant source of new capital for small Western Australian companies, with Live Technologies Ltd the latest to raise capital through this market.
The number of Western Australian companies listing on both the Australian Securities Exchange and the Toronto Stock Exchange has risen to 20, after West Perth-based gold producer Troy Resources NL lodged a preliminary prospectus in Canada.
Rio Tinto Iron Ore Ltd is believed to be close to finalising a deal to create an operational command centre in Perth as part of a shift towards remote-controlled workplaces.
With Australia set to introduce a national emissions trading scheme (NETS) by 2010, Western Australian businesses are urging the federal government not to rush the design of the scheme and risk disadvantaging the state’s economy.
The mining industry may be responsible for just 12 per cent of the state’s total water consumption, but mining companies are increasingly recognising the importance of water resource management in their operations.
The growth in the carbon offset and credit market could present significant opportunities for landholders and farmers in marginal and environmentally vulnerable areas looking for a viable alternative to grain crops.
Straits Resources Ltd non executive director Richard Ong Chui Chat has decreased his direct interest in the company through the on market sale of 1 million shares realising $6.5 million.
RIO Tinto and Murdoch University’s Business School will award four annual scholarships to students interested in forging strong business links with China.
The environmental approvals process remains problematic for industry in Western Australia, with the increasing regulatory standards likely to present a growing challenge for the state’s miners.
Subiaco-based manganese explorer Spitfire Resources Ltd has made a steady debut on the Australian Securities Exchange after completing its successful $6 million initial public offer.
Western Australia continues to lead the nation in mineral exploration expenditure, recording a second consecutive quarterly rise to reach a record high of $293 million for the September quarter, according to the Australian Bureau of Statistics.
