News Articles for Australasian Resources

Judge slams Palmer’s “farcical” claims

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Clive Palmer's private company has suffered a resounding loss in legal battle with China's CITIC Pacific, with a court judgement describing Mineralogy's claims as astonishing, farcical and without substance.

Quest for new board

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Quest Minerals has appointed Paul Piercy as non-executive chairman, and Jerome Vitale as managing director, effective immediately.

Chinese lender shows interest in Australasian

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Australasian Resources says a Chinese bank has expressed interest in procuring funding for its proposed multi-billion dollar Balmoral South iron ore project in the Pilbara.

Australasian signs key deals for Balmoral

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Australasian Resources has announced engineering and services contracts with Hong Kong-based MCC Overseas, for the Balmoral South iron ore operation in the Pilbara.

Palmer funnels $2m into Australasian

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Mining magnate Clive Palmer's Mineralogy has agreed to provide iron ore hopeful Australasian Resources with a $2 million loan facility, which will allow the company to pursue additional mining righ

Australasian may seek $1.1bn for Pilbara iron ore

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Clive Palmer-controlled iron ore hopeful Australasian Resources' shares have soared after the company announced a funding and development strategy for its Balmoral iron ore deposit in the Pilbara.

Australasian Resources announces new CEO

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Iron ore developer Australasian Resources has announced an internal replacement for former managing director Andrew Caruso who stepped down in May.

Australasian's Jukes follows Caruso

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Iron ore developer Australasian Resources announced today that Nicholas Jukes has resigned as a director, just two weeks after Andrew Caruso handed in his resignation as managing director.

Caruso leaves Australasian

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Australasian Resources managing director Andrew Caruso has decided to leave the company for personal reasons.

Australasian gets $3m Mineralogy loan

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Clive Palmer's Mineralogy has agreed to loan $3 million to Australasian Resources, which will use the funds to progress financing talks over the Balmoral South iron ore project.

Australasian in halt on capital raising

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Australasian Resources says it is finalising details of a capital raising, nearly two months after it was questioned by the Australian Securities Exchange over its cash reserves.

Final environmental nod for Australasian

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Australasian Resources has been given the final environmental go-ahead for its $2.7 billion Balmoral South iron ore project, which has yet to secure financiers.

Australasian up on Balmoral approval

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Shares in Australasian Resources have moved up this morning following the announcement of environmental approval from the state government for its $2.7 billion Balmoral South iron ore project.

Fed govt nod for Australasian project

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Australasian Resources has gained federal environmental approval for its $2.7 billion Balmoral South iron ore project as discussions continue with a number of potential financiers.

Australasian progresses Balmoral project

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Iron ore junior Australasian Resources is awaiting ministerial conditions to progress its Balmoral South iron ore development following the release of the Environmental Protection Authority's report on the project.

Australasian, Shougang talks collapse

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Australasian Resources has stepped up negotiations with other companies after finance talks with Shougang Corporation over a $2.7 billion iron ore project in the Pilbara collapsed.

Australasian, Shougang still in talks

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Iron ore hopeful Australasian Resources says it is still in negotiations with its partner Shougang over the Susan Palmer project agreement.

Australasian mulls non-iron asset sale

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Australasian Resources is considering selling its non-iron ore assets after a merger with Clive Palmer's Resource Development International was called off.

Australasian finance, merger deals lapse

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Australasian Resources has widened its scope of financiers after Chinese project partner Shougang missed a deadline while the merger agreement with one of billionaire Clive Palmer's companies has expired.

Australasian, RDI merger delayed

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The proposed merger between Australasian Resources and billionaire Clive Palmer's Resource Development International is anticipated to take place next year as the latter re-schedules its listing plans.

Australasian, RDI merger delayed

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The planned listing of billionaire Clive Palmer's Resource Development International in Hong Kong has been delayed, Australasian Resources confirmed today.

Australasian project financing delayed

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The finance offer deadline for Australasian Resources Ltd's Balmoral South iron ore project has been pushed back by six months following recent merger developments with billionaire Clive Palmer.

Palmer makes formal bid for Australasian

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Billionaire Clive Palmer's Resource Development International Ltd has made a formal bid for Australasian Resources Ltd, which is set to play a key role in the mining of 20 billion tonnes of iron ore from the Balmoral tenements in Western Australia.

Australasian Resources in trading halt

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Shares in Australasian Resources Ltd have been placed in a trading halt pending an announcement relating to the takeover proposal from billionaire Clive Palmer's Resource Development International Ltd.

Australasian appoints BNP as advisor

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In what is a key step towards facilitating a finance offer for project development, Australasian Resources Ltd and project partner Shougang have appointed BNP Paribas as its advisory bank.

Palmer proposes iron ore merger

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Australasian Resources Ltd today confirmed that it has received a merger proposal from billionaire Clive Palmer's Resources Development International Ltd, which is currently finalising plans for a $5 billion initial public offer.

Australasian to spin-off nickel assets

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Perth-based Australasian Resources Ltd will spin-off its former namesake asset - the Sherlock Bay nickel project - into a new company so that it canh focus on its iron ore assets.

Shougang completes Balmoral development review

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Chinese steel producer Shougang has completed the first phase of a development review of Perth-based Australasian Resources Ltd's Balmoral South project, the iron ore hopeful has announced.

Australasian to re-list on Monday

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Iron ore hopeful Australasian Resources Ltd will re-list on the Australian Stock Exchange on Monday, after negotiating a funding deal with Chinese steel giant Shougang Corporation.

Australasian secures Chinese backing for iron ore project

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Iron ore hopeful Australasian Resources Ltd appears to have secured a major breakthrough on its plans to develop its giant Pilbara iron ore project after negotiating a funding deal with Chinese steel giant Shougang Corporation.

Australasian MD calls for patience as negotiations continue

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Perth-based iron ore hopeful Australasian Resources Ltd managing director Darren Hedley has called on shareholders to be patient as negotiations continued over long-term project development options.

Tantalum venture gets nod

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AUSTRALASIAN Gold Mines has finalised a $14.6 million tantalum venture with US-based electronics giant KEMET Corporation.