Bryah Resources will hold on to its 70 per cent stake in a Mid West manganese project, after joint buyers Primero Group and investment firm AMCI withdrew their $5 million offer.
OM Holdings has raised its stake in a manganese project, two days after joint venture partner Bryah Resources received a $5 million cash offer for its interest in the asset.
The state government has begun acquiring land for the development of a deepwater port at Anketell Point near Karratha, which could potentially be the last major port to be built in the Pilbara.
The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.
Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.
Aquila Resources and its joint venture partner AMCI have ended up in a legal dispute after failing to reach agreement on plans for a new port in the Pilbara for their proposed iron ore project.
Como-based mining company, Aquila Resources Ltd, could be the target of takeover activity by its joint venture partner, private equity group AMCI, following recent share acquisitions in Aquila and three related iron ore explorers.
