Mining

The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources

Osborne Park-based Golden West Resources Ltd has rejected the all scrip takeover offer made by Fairstar Resources Ltd, saying that the bid was inadequate and provided no prospect of faster progress on the development of the Wiluna West iron ore project.

Subiaco-based mineral explorer TNG Ltd has raised $5 million through a placement to fund progress of its drilling program on its Manbarrum lead, zinc and silver project.

West Perth-based uranium explorer Energy Metals Ltd aims to raise around $5 million through a non-renounceable rights issue to fund exploration of its tenements in the Northern Territory and Western Australia.

West Perth-based mineral sands producer Matilda Minerals Ltd will ramp up exploration on its Cape York deposits, following the granting of permits from the Queensland Department of Mines and Energy.

West Perth-based minerals explorer Avoca Resources Ltd will acquire the Two Boys gold mine from FMR Investments Pty Ltd, formerly Barminco Investments Pty Ltd, for $271,250 in cash and scrip, the company has announced.

West Perth-based uranium, precious and base metals explorer Emergent Resources Ltd will raise $5 million in its initial public offer to fund an exploration program of its existing tenements, the company has announced.

The Geraldton Iron Ore Alliance claims new analysis shows less than one per cent of the Mid West region's Banded Iron Formation ranges will be mined under current proposals of the eight Alliance companies.

East Perth-based Macmahon Holdings Ltd has secured a 10-year quarrying contract for France-based Lafarge SA's cement manufacturing plant in Aceh, Indonesia, worth around $64.8 million.