Ratings agency Standard & Poor's could force BHP Billiton's hand on its controversial dividend policy after lowering the resources giant's credit rating by a notch and putting it on negative watch.
WA is one of the world’s largest producers of lithium, but a plan to diversify from mining into advanced manufacturing opportunities will be tricky to shore up.
Fortescue Metals Group reduced cash production costs around 45 per cent in the 12 months to the December quarter and has plans to further buy back debt in the months ahead, chief executive Nev Power said today.
A joint venture between mining services companies Ausdrill and Barminco has been named the preferred contractor for work at AngloGold Ashanti’s Geita gold mine in Tanzania, with the deal worth about $US70 million ($A99.5 million).
Southern Cross Electrical Engineering has flagged its return to the black, saying it expects to report a $3.5 million first-half profit and remain profitable throughout the financial year.
The Samarco mine in the southeastern city of Mariana, where last November a huge toxic waste spill caused Brazil's worst environmental disaster, has had a new spill although no victims have been reported, the company says.
VDM Group has finalised terms for an $18 million loan facility with its largest shareholder to fund an investment in a copper project located in the Republic of Angola.
Gold miner Evolution Mining has lifted its full-year production guidance after strong output from recently acquired mines took production to record levels.
Panoramic Resources and Mincor Resources have announced plans to put their last operating mines on care and maintenance in response to the depressed nickel market, with Panoramic cutting 50 jobs today with more to follow at both companies.
West Perth-based Shaw River Manganese has become the third manganese miner to announce fallout from depressed ore prices, with the company entering voluntary administration this morning.
Up to 380 employees will be made redundant when Perth-based manganese miner Consolidated Minerals puts its Woodie Woodie mine in the Pilbara on care and maintenance next month.
BHP Billiton spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices.
Perth-based contractor AusGroup has recruited former Southern Cross Electrical Engineering boss Simon High as chief executive of its engineering services arm.
Gold and nickel miner Independence Group plans to make about 40 employees redundant after announcing it would cut exploration spending by $20 million in response to weak base metals prices.
Mining services company Sedgman expects to sharply boost first-half profit and has pledged a special dividend for shareholders, as it seeks to fend off a takeover bid from construction giant CIMIC Group.
One of the state’s largest mining services companies has received a boost, with BGC Contracting securing a five-year contract extension worth $520 million at Cliffs Natural Resources' Koolyanobbing iron ore mine.
Mining giant Rio Tinto shipped 11 per cent more iron ore in 2015, helped by the expansion of its Pilbara infrastructure, but has narrowly fallen short of its full-year guidance of 340 million tonnes.
Clive Palmer's ailing nickel business doesn't currently have the cash to pay out sacked workers' entitlements and is behind in superannuation payments, their union says.
Western Australia’s highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.
Regis Resources’ return to good financial health has been confirmed with the declaration of an interim dividend, with the WA gold miner also today announcing changes to its management team.
Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company announced an aggressive cost reduction strategy that includes job cuts and a reduction in board size and remuneration.
