Australian govt releases 27 areas for exploration

The federal government on Monday announced the exploration acreage release, comprising 27 areas across nine basins in Commonwealth waters off Western Australia, the Northern Territory, Victoria, South Australia and Tasmania. Using the Australian...

Westgold and Metals X announce A$330m merger

Junior Westgold Resources has agreed to merge with its largest shareholder, Metals X, in a deal valuing the combined company at some A$330-million, the ASX-listed firms announced on Monday. Westgold shareholders would receive 11 Metals X shares...

Company Announcement: Dow Signs Consulting and Supply Agreement With Metals Finance

The Dow Chemical Company today announced that it has signed a consulting and supply agreement with Metals Finance Limited, of Queensland, Australia

Bass readies Hellyer for care and maintenance

Embattled metals miner Bass Metals would start reducing staff at its Hellyer gold operations, in Tasmania, as mining comes to halt at the end of April. Milling at the project would be completed by early June, and Bass said on Friday that staff...

Venture's DSO project proven profitable

ASX-listed mineral explorer Venture Minerals on Thursday reported that a scoping study into its direct shipping ore (DSO) project has found that the project could deliver significant cash returns from a minimal capital investment. The scoping...

Bass starts divestment/JV negotiations

ASX-listed Bass Metals on Monday told shareholders that it was discussing a “wide range” of corporate, joint venture and divestment transactions, with a number of parties, to assist in paying down its debts. In March, the embattled Bass...

Bass takes up trading, reaches creditor agreements

Embattled Bass Metals on Monday resumed share trading after reaching a repayment agreement with its creditors. In January this year, Bass suspended share trading on the ASX as the company worked to complete an operating plan and financing...

Australian petroleum output at 3-year low

Australia’s petroleum production fell some 6% in 2011, owing to weak demand, floods and maintenance issues, energy economist EnergyQuest reported on Monday. Petroleum production, which includes oil, liquefied petroleum gas (LPG), condensate and...

Grange profit surges to record A$216m

Magnetite miner Grange Resources on Wednesday reported record profit of A$216.6-million, despite lower pellet sales in 2011. The net profit for the 12 months compared with A$77.4-million in the previous financial year, while revenues for the...

Company Announcement: Maiden 82,500 tonne Rare Earth Inferred Resource at Milo

Australian resources company GBM Resources Limited (ASX:GBZ) (“GBM” or “the Company”) is pleased to announce a maiden rare earth resource for the Milo Iron Oxide Copper Gold (IOCG) and Rare Earth Elements and Yttrium (REEY) Project in...

NT proves top Australian investment destination for minerals

Australia Northern Territory has been ranked the most attractive state in the country for mineral exploration and development by the Fraser Institute, which named Canada’s New Brunswick as the single best jurisdiction in the world for mining....

Avebury mine, Australia

Ann underground mine situated in Australia.