Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based Bauxite Resources to 11 cents, putting it within the price range set out in the independent expert’s report.
Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors’ shareholdings tracked by Business News.
Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply deal with a Chinese company today.
Western Australia's unemployment rate has fallen by a surprising 0.9 per cent in the month of December, while job numbers were up for a record-equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.
Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.
The state's domestic gas market will soon receive a small supply boost, with Woodside Petroleum's Pluto project expected to begin pumping up to 25 terajoules a day into the network from the second half of this year.
BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.