Gold fell to an eight month low after the US Federal Reserve's reiteration that interest rates were likely to rise this year pushed the US dollar index to a seven week high.
Perth contractor Otoc has flagged a likely loss for the 2015 financial year after disclosing that impairment, restructuring and acquisition costs of about $10 million would outweigh its operating profit.
GR Engineering Services has been awarded another contract at Sirius Resources’ Nova nickel project, bringing the value of its workbook at the project to $126 million.
Australia is likely to emerge as the clear leader in global lithium production after Perth companies Neometals and Mineral Resources today announced an offtake and funding agreement with a Chinese producer for the planned Mt Marion mine.
Local miner Poseidon Nickel has put its Lake Johnston operation near Norseman on care and maintenance, reduced its staff and cut board member salaries as it awaits improvements in the nickel price.
Gold prices have fallen to four-month lows, extending losses for a third session as Federal Reserve Chair Janet Yellen say the US central bank remains on track to raise interest rates this year.
Perth exploration company BMG Resources (formerly Brazilian Metals Group) has announced a non-binding heads of agreement for the possible acquisition of Brisbane-based online fitness training accreditation business FitLink.
As many as 20 Western Australian mining companies are considering adopting solar power, according to the developer of a $40 million solar project at Sandfire Resources’ DeGrussa copper mine.
Mines and Petroleum Minister Bill Marmion has again touted Western Australia’s credentials as a destination for uranium mining, this time at today’s opening of the Australian Uranium Conference in Perth.
Mining giant BHP Billiton has flagged an impairment of up to $US2 billion ($A2.7 billion) in its end of financial year results against the value of its onshore gas assets in the US.
Oil prices have risen as markets weighed the effects of Iran's deal with six world powers on curbing the Islamic republic's suspected ambitions for a nuclear bomb.
Gold has eased as the US dollar came off its lows and the market awaited Federal Reserve Chair Janet Yellen's semi-annual testimony to Congress on Wednesday and Thursday, which may provide more signals about a looming rate rise.
Local gold miner Red 5 says an earthquake registering 6.1 off the coast of Surigao del Norte was a possible contributing factor to the collapse of a wall into the open pit of its Siana project in the Philippines last week.
Oil prices slipped as traders weighed reported progress in negotiations on Iran's nuclear program, Greece's tough bailout agreement with its European creditors and a mixed OPEC report.
Gold has slipped one per cent as the US dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the US Federal Reserve was still on track to raise rates this year also weighed.
The Environmental Protection Authority has recommended strict conditional approval of Doral Mineral Sands’ proposed Yoongarillup project near Bussleton.
There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year’s TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.
It has been a tough year for WA’s once-vaunted resources stocks, as our annual TSR survey reveals. Click through to see more on our Shareholder Returns feature.
Macmahon Holdings chief financial officer Sybrandt van Dyk has been promoted to the role of chief executive, following Ross Carroll’s resignation in January.
Gold has given up earlier gains after US Federal Reserve Chair Janet Yellen said she expected the central bank to raise interest rates sometime this year but pointed to concerns that US labour markets remain weak.
Local miner Metals X has reached an agreement with Northern Mining to acquire the Georges Reward gold project at Bulong in Western Australia for a cash sum of $4.5 million.
Brookfield Multiplex has completed the non-processing infrastructure facility at Gina Rinehart’s Roy Hill iron ore mine in the Pilbara, marking the finish of a $270 million workbook at the project.
Perth-based gold miner Manas Resources has launched a $4.7 million capital raising plan to fund pre-development work at its Shambesai gold project in southern Kyrgyzstan.
