Fraser Beattie

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

Perth-based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.

Phoenix Gold has awarded a number of mining contracts for its Kintore West open cut mine for undisclosed amounts, as part of the company’s staged development plan.

Balcatta-based Sirius Resources has announced a $189 million capital raising to help develop its Nova nickel project near Norseman.

Shares in OTOC have jumped by 20 per cent after the company released a promising earnings guidance and gave a positive insight into future operations.

Telstra customers in Perth, Fremantle and Esperance will be among the first in Australia to experience the next generation of 4G services after Telstra announced it would start commercial trials of the advanced 4G technology.

AngloGold Ashanti Australia has signed a $140 million agreement with natural gas infrastructure company APA Group for the transportation of natural gas to the Sunrise Dam and Tropicana gold mines in Western Australia.

Shares in Kibaran Resources have continued their stellar run in July, jumping by nearly 20 per cent this morning after the company announced more spectacular drilling results at its Mehange graphite project in Tanzania.

Australia has moved up two places in the 2014 Global Innovation Index as a result of strong performance in the country’s education and infrastructure sectors.