Mining giant BHP Billiton has posted a dramatic slide in annual profit on the back of plunging commodity prices, with chief executive Andrew Mackenzie flagging further cost cuts.
Local miner Metals X has announced a 9 per cent increase in net profit to $40.9 million for the 2015 financial year, on the back of higher revenue from gold sales.
Kibaran Resources has signed an agreement with German diversified group ThyssenKrupp for the sale of half of the graphite produced at its Epanko project in Tanzania.
Oil prices have sunk, with the US crude benchmark finishing below $US40 a barrel for the first time in six years on worries about China's weakening economy after an equities sell-off.
The future of BlueScope Steel's Port Kembla plant is on a knife edge after the steelmaker said it would cut at least 500 jobs to reduce costs in the face of cheaper imports.
UGL has shut down its engineering design business in Perth as part of the company’s response to the low volume of work in the resources sector and cost blowouts on some of its big projects.
Welshpool-based Maca has posted a slight fall in profit for the financial year but increased revenue by 1 per cent, despite it being a tough time for contractors and mining services companies in the current market.
Higher gold sales and lower exploration spending have boosted diversified miner Independence Group’s full-year net profit by 58 per cent to $77 million.
Fortescue Metals Group boss Nev Power is counting on the Chinese government's stimulus measures to boost demand for iron ore after the price slump in the commodity drove the company's full-year profit down by 88 per cent.
Diversified miner South32 is looking to cut its operating costs by 7.5 per cent over the next three years, with a particular focus on payments to contractors.
The new owners of Quadrant Energy have spoken to Business News about how the $2.7 billion acquisition came together and their plans for the oil and gas producer.
Gold has risen in choppy dealings, hitting a six-week high and putting it on track for its biggest weekly climb since mid-January as more bad economic data from China rattled financial markets, pushing the US dollar broadly lower.
Oil and gas producer Inpex has emerged as the last potential anchor for a significant new commercial development in the CBD, following Rio Tinto’s decision to remain at Central Park.
Paladin Energy has announced more cuts to its board and head office staffing, with long-serving executive Gillian Swaby following managing director John Borshoff out of the business as it works to stay afloat in the weak uranium market.
Santos has announced a sweeping strategic review after managing director David Knox agreed to step down from the oil and gas producer following a protracted decline in investor support and an 82 per cent plunge in first-half profit.
Last year’s Business News Rising Stars winner, emergency response and security services provider Executive Risk Solutions, has taken the top prize as the 2015 Telstra Australian business of the year.
Crude prices have finished mixed, with US oil taking a breather from the market slide that is driven by persistent concerns about high production and a global oversupply of crude.
Gold has hit its highest in five weeks as the US dollar eased after minutes from the US Federal Reserve meeting suggested policymakers were in no hurry to raise interest rates.
Mineral Resources has highlighted new growth opportunities in mining services, infrastructure and manufacturing after posting a sharp fall in annual earnings and cutting its dividend payments to shareholders.
Nedlands-based waste management company Tox Free Solutions has delivered a flat profit result, with revenue up 10 per cent and a 42 per cent rise in its final dividend payout.
Local miner Sandfire Resources has delivered its first-ever fully franked dividend to shareholders, despite an 11.7 per cent slide in net profit to $69 million for the financial year.
Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.
Nickel miner Western Areas has reported a 37.5 per cent rise in net profit despite a small drop in revenue, with the company focusing on reducing costs in the year ahead.
Gold prices extended gains to a one-month high after minutes from last month's US Federal Reserve meeting hinted at a decreased likelihood for interest rates to be raised in September.
Famed 1980s deal maker John Spalvins and Perth investor Brettney Fogarty pushed today for major changes at embattled copper mine Aditya Birla Minerals, putting dozens of questions to directors and the auditor at a four-hour shareholder meeting.
