Shares in Norton Gold Fields surged yesterday on news its Chinese parent company intends to offer 20 cents a share to mop up its minority shareholders.

Canadian funds giant Brookfield has joined a Macquarie Bank-led consortium in preparing a bid for Apache's WA gas business.

Woodside Petroleum Managing Director Peter Coleman has told potential customers and joint venture partners in India they risked a substantial gas shortage from as early as 2020 if they did not back a new wave of LNG developments.

Weak prices continue to hurt mineral sands miner Iluka Resources which has revealed another fall in annual revenue.

Kerman Contracting says it has won a $23 million contract to design and build accommodation facilities for Sirius Resources' Nova nickel project near Balladonia (pictured).

Gold and copper miner PanAust is cutting 182 jobs and will further shrink its workforce later in the year.

Northern Star says it is generating annual free cashflow of more than $200 million after booking underlying free cashflow of $52.5 million in the December quarter.

Troubled gold miner St Barbara has risked collapse but says it its fortunes are improving after lifting production in the December quarter.

Tony Kiernan-chaired unlisted technology play PhosEnergy says it has made a significant step towards demonstrating the commercial viability of its uranium extraction process after successfully completing a pre-feasibility study in the US.

Struggling mining services contractor Ausdrill has muscled in on smaller and even more embattled peer Titan Energy Services to strengthen its exposure to Queensland's coal seam sector.

China's Zijin Mining has abandoned plans to use Norton Gold Fields as an Australian-listed vehicle to expand its presence in the local gold sector, launching a $33 million offer to mop up Norton's remaining small shareholdings.