Warwick Resources shareholders have unanimously approved the merger with Atlas.
FIRB approval allows for investment into Australia's first major Molybdenum mine.
Moly Mines chief executive Dr. Derek Fisher said proposed Chinese investment partner Hanlong Mining tried to buy the company on the cheap at the depths the financial downturn.
Ivanhoe Australia has discovered high grade molybdenum and rhenium mineralisation close to its current Merlin deposit in Queensland.
Moly Mines has announced a US$700 million agreement with its Chinese investor Hanlong Mining.
MINING DAILY presents the latest Major Project Assessments in New South Wales, courtesy of the NSW Department of Planning.
The growth of Queensland Resources sector isn't over by a long stretch, Queensland Resources Council chief executive Michael Roche has said.
Queensland Ores has suspended operations at its Wolfram Creek mine west of Mareeba, blaming the financial crisis and a downturn in metal prices.
Victorian Energy and Resources Minster Peter Batchelor has announced 11 mining companies will receive a total of $700,000 to aid in their search for minerals.
DESPITE heavy rainfall in Queensland, construction in the area is continuing as planned.