Croesus Mining

Central Norseman Gold Corporation has made 33 staff redundant as Australia's longest continuously-running gold mining operation faces an uncertain future.

Silver Lake Resources and Regis Resources are in the vanguard of a revival in the state's gold industry.

WEST Perth-based Croesus Mining will be transformed into a base metals explorer following a deal with gold miner Apex Minerals and prospector Mark Creasy.

AIM-listed Davos Resources Plc has agreed to pay more than $71 million for the key assets of failed group Croesus Mining NL, whose remnants are also subject to a recapitalisation offer from company rehabilitators Ascent Capital Holdings Pty Ltd.

GOLD miner Croesus Mining NL has shocked the market by announcing that it has gone into administration, despite the appointment of a new board led by Michael Kiernan and substantial progress with rest

Gold miner Croesus Mining NL has shocked the market by announcing that it has gone into administration, despite the appointment of a new board led by Michael Kiernan and substantial progress with restructuring its business.

Kalgoorlie-based gold producer Croesus Mining NL has today confirmed the company has received two approaches that could potentially help it achieve its longer-term strategy, which involves growth through either joint ventures, mergers or acquisitions.

Kalgoorlie-based Croesus Mining NL has announced rights issue to raise almost $9 million to fund an accelerated mine development and exploration program at its Norseman gold operations in Western Australia.

Hedge accounting requirements in recently adopted international accounting standards are making their presence felt as gold miner Croesus Mining revealed a forecast $18 million half year hedge loss last week.

While Australia's mining industry is facing boom times, there are some concerns. Jim Hawtin reports.

Western Australia's miners have warned that the State may not be able to meet future demand for its resources unless approval processes, particularly environmental approvals, are streamlined.

Kalgoorlie-based miner Croesus Mining NL has opened its purse strings to consolidate its position in the gold and base metals sectors.