Mining

One of WA’s largest Aboriginal corporations has been sharply divided as it seeks to deal with the impact of plunging iron ore revenue.

Western Australia’s minerals exploration spending has reached its lowest level since the March quarter of 2007, according to the latest update from the Australian Bureau of Statistics.

The liquidation of mining services outfit C&G Group Industries has revealed links between the Western Australian operation’s director, Christopher Skelly, and a messy business collapse in Christchurch New Zealand.

As a big private company with a healthy balance sheet, BGC Contracting can afford to be strategic as the commodity cycle turns, according to CEO Greg Heylen.

Cost cutting can only take a business so far, and with tough times set to continue for mining services contractors, innovation and diversification have a big role to play. Click through to see more on our Mining Services feature.

Gold prices inched lower, shrugging off the slightly weaker US dollar, lower equity markets and uncertainty over the Greek debt crisis.

Oil and gas company Citation Resources is seeking to diversify its business by acquiring an initial 40 per cent interest in an unlisted firm that converts rubber waste into clean fuels, for a cash and share package worth about $7 million.

Roy Hill Holdings, its business partners and project contractors, have set up a $10 million community foundation they say will offer a “unique” approach to delivering educational and cultural programs to Pilbara communities.

Gold prices are lower, ending a three-day winning streak, as global stock markets and the US dollar rose following some strong US economic data.

Oil prices have retreated after two days of gains as the International Energy Agency predicted that a recent surge in world crude demand was set to end.

Companies that have paid fringe benefit taxes as part of flying workers to remote locations may be able to recoup those costs, even retrospectively, following a landmark decision in the Federal Court.

Pilbara miner BC Iron is making the final repayment on a major loan 18 months early as it works to improve its balance sheet.

Uranium miner Toro Energy will pay off its $12 million debt with Macquarie Bank after striking a deal with one of its substantial shareholders.

Mining giants BHP Billiton and Rio Tinto have suffered credit rating downgrades but analysts say the move is unlikely to affect the company's ability to borrow.

Pacific Energy has won a contract to build, own and maintain a 14 megawatt power station at Saracen Mineral Holding’s Thunderbox gold project near Leinster for an undisclosed sum.

Gold prices rose for a third straight session, bolstered by a softer US dollar and worries over the Greek debt crisis.

Oil prices have risen rose solidly for a second day in a row after US data showed declines in crude and gasoline inventories.

Origin Energy will take $150 million in costs out of the business by June next year to defend its position as the nation's largest utility company.

Subiaco-based iron ore explorer Nemex Resources has announced plans to buy all the shares it doesn’t already own in Wavefront Biometric Technologies.

Gold prices rose as European stock markets fell and commodities picked up across the board.

Oil prices have surged as traders girded for a bullish US crude storage report and the government lowered its forecast for American production in the second half of 2015.

General Mining Corporation shares fell sharply today after the company announced revised terms for the acquisition of an interest in Galaxy Resources' Mt Cattlin tantalum project near Ravensthorpe.

Mining giant BHP Billiton’s spin-off, South32, has announced it will delay plans to restart operations at its Samancor Manganese joint venture in response to a slide in the price of alloy.

Kin Mining has announced a $3 million capital raising to fund a pre-feasibility study on its recently acquired Leonora gold project.

Gold miner Newcrest Mining had to shut its Lihir operations in Papua New Guinea for 36 hours over the weekend after a dispute with members of the local community.

Gold prices rose slightly after a three-day streak of declines as the US dollar and stock markets fell.

Oil prices have fallen as the market weighed last week's OPEC meeting and the prospects for a breakthrough in upcoming nuclear talks with Iran.

Macquarie Capital’s Kate Vidgen has been named as the inaugural chair of newly formed oil and gas company Quadrant Energy, which will have six directors representing its three owners – Macquarie, Brookfield Asset Management and Angela Bennett’s AMB Holdings.

A Perth researcher has criticised the federal government's hands-off response to a national inquiry into fly-in, fly-out practices, released two years after the House of Representatives standing committee tabled its report and almost four years after an inquiry into FIFO practices was commissioned.

The state government expects about half of local prospectors’ program of work applications will be fee-free from the start of July, after it substantially increased the size threshold.

A looming shortage of skilled technicians in the oil and gas industry is the latest opportunity local business Blue Tongue is planning to tackle.

It's been reported that seven maintenance workers at Alcoa's Kwinana Refinery in Perth have been exposed to asbestos, but the aluminium producer says the health risk is "extremely low".