Clough says it will ramp up its position in the oil and gas sector after it agreed to sell its majority stake in Indonesian subsidiary PT Petrosea Tbk for $129 million.
Write-downs totaling $17.6 million and a sharp fall in the nickel price has resulted in Panoramic Resources reporting an $8.6 million loss for the half-year.
TFS Corporation says it is on track to achieve at least 15 per cent growth in net cash earnings for the 2009 financial year as it today booked a $5.2 million half-year net profit after tax.
Swick Mining Services has revealed it cut staff numbers by 120 late last year to match a sharp fall in demand for its drill rigs as it delivers a 30 per cent fall in its interim net profit.
A lower than anticipated performance from Alinta and other operating businesses has prompted Babcock & Brown Power to revise down its full year earnings.
The buoyancy of the oil and gas sector in the current economic climate has helped deliver record revenues and profit for the half year for Neptune Marine Services.
Po Valley Energy has secured three-years of forward sales from two of its Italian gas fields, valued at around $150 million, after signing a second offtake deal with Elettrogas.
Wealth management company Plan B Group Holdings has paid some $7 million in cash and scrip to acquire a majority interest in Melbourne-based wealth advisory business, Strategic Financial Management.
Two more years of economic pain; Fortescue cancels raising; Seven minus debt equals zero; Bonds put Woodside on strong cash track; OZ shares fall on fear of banks
THE Chamber of Commerce and Industry WA has named the Small Business Development Corporation, LandCorp and the state's eight port authorities as prime candidates for privatisation or review.
MACMAHON Holdings director John Massey has seized on the company's declining share price to bolster his interest in the stock, a day after the release of a subdued interim report.
CHANGING market conditions have fuelled a trend towards strata property in the commercial sector, as owners respond by offering floors for sale as strata-titled stock to entice a growing number of financially constrained potential buyers.
FOR the past decade, the Clontarf Foundation has forged partnerships with business leaders and heads of government to help develop its program to assist Aboriginal youth.
THERE must have been high-fives all through the halls of power in Beijing last week as government Mandarins celebrated victory over Western mining interests.
RESEARCH has shown that Australian businesses involved in importing and exporting in the current economic climate are becoming dissatisfied with the trade loans provided by their financiers.
Drilling contractor Ausdrill has delivered a record net profit after tax of $25 million for the first half of fiscal 2009, up 52 per cent on the previous corresponding period.
At least 10,000 jobs are forecast to go in Western Australia over the next 18 months as an economic forecaster projects a 50 per cent fall in mining investments over the next two years.
Nomad Building Solutions has revised down its full year net profit forecast for the third time after reporting a 62 per cent slump in its interim earnings.
Mining services company Emeco Holdings has revised down its full year earnings forecast as it books a 30 per cent lift in half year net profit after tax of $39 million.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
A company that acts as an agent for emerging Chinese steel mills has signed a deal with explorer Epsilon Energy over the Mardie iron ore project in the Pilbara.
Nickel miner Independence Group's net profit has slumped 99.7 per cent to $123,000 as it takes a hit from falling commodity prices and a $9.1 million write down in listed investments.
Industrial software developer ISS Group has reported a strong 52 per cent increase in half-year net profit to $1.2 million on the back of a similar 54 per cent lift in revenue.
