A privately-owned mining group owned by a trio of high-profile contractors has gone into voluntary administration owing creditors more than $100 million.
Wesfarmers subsidiary Evol LNG has announced plans to upgrade its liquefied natural gas plant in Kwinana to increase production capacity by 40 per cent.
Silver Lake Resources has substantially improved the terms of its scrip takeover bid for EganStreet Resources, which disclosed today it had been approached by Adaman Resources with a competing cash offer.
ASX-listed Maximus Resources has reached a $5.2 million sale agreement for its Burbanks gold processing plant in the Coolgardie region, after its previous $5.8 million deal with Adaman Resources fell through.
Wesfarmers subsidiary Evol LNG has secured a six-year deal to supply gas for a 14.5-megawatt power station to be operated by Zenith Energy at the Kirkalocka gold mine.
ASX-listed Maximus Resources has reached a sale agreement for its Burbanks gold processing plant in the Coolgardie region to privately owned, Perth-based Adaman Resources.
GR Engineering Services has been appointed to lead a bankable feasibility study for FYI Resources, while Adaman Resources will complete a mining study for Neometals' Barrambie vanadium project.
Mining contractor Adaman Resources has agreed to purchase the Snake Well gold project, 170 kilometres northeast of Geraldton, from Perth-based Kalamazoo Resources for $7 million.
SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.
Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources.
