Aurox Resources

The proposed merger of Aurox Resources and Atlas Iron moved a step closer this week with an Independent Expert deeming the tran

TAPPING the equity market for funds during the March quarter was a more subdued affair compared to the major raisings that took place last year.

Atlas Iron and Aurox Resources have entered into a deal to share port capacity at the new Utah Point Port at Port Hedland.

Pilbara iron ore developer Aurox Resources has secured an agreement with China's leading mining engineering services provider for the provision of engineering, procurement, and construction (EPC) services and assistance in financing its Balla Balla projec

Shares in iron ore explorer Aurox Resources closed slightly higher today after the company announced a 15 per cent upgrade at its Balla Balla project in the Pilbara to 238 million tonnes.

Aurox Resource has today released revised figures for the development of its Balla Balla iron ore-vanadium-titanium project in the Pilbara, with capital cost estimates at a total of $2 billion.

Iron ore hopeful Aurox Resources has parted ways with engineering and mining equipment supplier FLSmidth, after the global financial crisis derailed the project financing process for the Balla Balla magnetite project in the Pilbara.

Aurox Resources says it has secured a $10 million equity placement facility with US-based investment fund YA Global Master SPV, which will reduce the Subiaco-based company's medium-term funding risk.

Aurox Resources is at a loss to explain its 75 per cent share price jump after it received a speeding ticket from the Australian Securities Exchange.

The Ngarluma Aboriginal Corporation has called on Premier Colin Barnett to put Aurox Resources' Balla Balla iron ore project on hold after claiming the company refused to negotiate a native title deal.

Shares in Aurox Resources have surged after it received environmental approval for its Balla Balla magnetite iron ore project in the Pilbara in a move the company says will provide certainty for potential financiers.

Shares in Aurox Resources have been placed in a trading halt as it waits on environmental approval for its Balla Balla magnetite iron ore project in the Pilbara.

Shares in Aurox Resources have jumped as much as 56 per cent today as the company amends its convertible notes terms for an early cash injection of up to $47 million and modifies its port agreement.

Aurox Resources has negotiated a restructure of its previous arrangement with a supplier for components towards its Balla Balla magnetite iron project in the Pilbara.

The continued global financial turmoil has prompted Aurox Resources Ltd to review alternatives over project implementation for its Balla Balla titanomagnetite operation in the Pilbara.

Pilbara iron ore developer Aurox Resources Ltd has taken a further step in the development of its Balla Balla magnetite project, securing a port access agreement with the Port Hedland Port Authority.

Pilbara iron ore developer Aurox Resources Ltd has called for a trading halt on its shares, pending an announcement of a material contract relating to its Balla Balla project.

Aurox Resources Ltd today released a response to media reports to clarify the relationship between the WA-based explorer and China's state owned Chengde Iron and Steel Group.

Aurox Resources Ltd has estimated capital costs of $603 million for its wholly owned Balla Balla iron ore project in Western Australia's Pilbara region with the release of its bankable feasibility study today.

Subiaco-based Aurox Resources Ltd has revised a long-term sales agreement with China-based RockCheck Steel Group Co Ltd, signing on to sell up to 10 million tonnes of iron ore to the company by 2014.

Subiaco-based Aurox Resources Ltd has announced the signing of a second 15-year sales agreement over its Balla Balla vanadium and hematite project, with private Chinese steel mill RockCheck Steel Group Company.

Subiaco-based Aurox Resources Ltd has raised a further $15 million from an offshore institution, after announcing the raising of $75 million through a placement yesterday.

The race is on between two Western Australian companies to become the first of the world's new primary vanadium producers to go into production in 2007.