Fremantle-based marine services company MMA Offshore has announced that it expects to make a $120 million non-cash impairment for the 2015 financial year.
Programmed Maintenance Services says its performance in the first three months of the 2015-16 financial year reflects the major transition occurring in the economy.
US crude oil prices have risen for the first time in five days, while Brent has dropped amid worries about global supplies ahead of the weekly US petroleum inventories report.
Mining industry leaders are now more bullish than last year, according to research by Newport Consulting, but most are still not optimistic about their growth prospects going forward.
Gold has firmed but remains near five-and-a-half-year lows as markets brace for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase.
Shares in Perth-based African oil explorer Pura Vida Energy took a hit today, dropping more than 50 per cent after it advised that a key exploration well in Morocco had produced disappointing results.
West Perth-based miner Base Resources closed the day up 4.5 per cent to 11.5 cents a share after its quarterly report announced record sales volumes across all its products.
Mining boss Andrew Forrest says he's not particularly concerned about sagging Chinese equities markets, despite the slump sparking worries about growth in the world's second biggest economy.
Oil prices have slumped for a fourth straight day as the steepest drop in Chinese equities since 2007 fuelled fresh fears about reduced demand in the world's top energy consumer.
Spot gold has lost ground, moving closer to last week's five-and-a-half- year lows below $USUS1,100 per ounce, with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.
With science increasingly giving hydraulic stimulation, or ‘fracking’, the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
Spot gold has turned higher after sliding more than one per cent to its lowest since early 2010 on Friday, as the US dollar fell from its highs and US stocks extended losses, but the precious metal was on track to see the biggest weekly decline since March.
Sydney-based Perth Basin player AWE has announced it won't need to further use hydraulic fracturing at its Drover-1 well, after existing drilling results gave it a clear assessment of shale gas potential in the field.
Local minerals explorer IMX Resources has announced plans to delist from the Toronto Stock Exchange due to a lack of demand for its shares in the Canadian market.
Gold has turned lower, dipping back below $US1,100 an ounce as a steeper-than-forecast drop in US jobless claims helped the US dollar recover from earlier lows, though prices remain under pressure after this week's plunge.
Architects have a saying about ‘less being more’. The mining industry has flipped that around with ‘more being less’, as shown in this week’s production reports and share prices of Fortescue Metals and BHP Billiton.
Gold miner Newcrest Mining is expected to post its best earnings figures in years after lifting its profit margins thanks to lower production costs and a weaker Australian dollar.
Fortescue Metals Group's cost cutting is delivering benefits to the iron ore miner, amid wild movements in the price of Australia's key export commodity.
Gold fell more than one per cent to a five year low as a bounce in the US dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.
A nearly $50 million national research facility opened in Perth yesterday is set to further define Western Australia’s place in the world as a resources hub, but has its work cut out for it convincing the public of its benefits according to industry leaders.
After a prodigious drop in exploration spending during the past decade, miners and governments have unveiled a blueprint to kickstart greenfields programs.
