Sales from Western Australia’s minerals and petroleum industries totalled $114 billion in 2014, up $200 million from 2013, according to the latest industry snapshot from the Department of Mines and Petroleum.
Gold has fallen, snapping a seven-day rally, as investors remained cautious ahead of comments from US Federal Reserve Chair Janet Yellen, but the metal still looked set to post its second straight weekly gain.
US energy giant Chevron is narrowing its Australian focus onto its Gorgon and Wheatstone gas projects, by selling its $5 billion stake in Caltex Australia and exiting an onshore gas project wh
Evolution Mining has confirmed media reports that it is in discussions on the potential puchase of La Mancha Resources' gold mine in Kalgoorlie, for a price understood to be around $400 million.
Investors didn’t respond well to Southern Cross Electrical Engineering advising the market that it did not expect to report a profitable second half of the financial year.
Greater scrutiny by corporate regulators of backdoor listings on the ASX is not slowing the flow of new transactions, with six Western Australian companies announcing transformational deals in the past fortnight.
Shares in Perth-based Kibaran Resources surged on news it had received an offer from an unnamed institution to co-finance the company’s Epanko graphite project in Africa, with a loan of up to $28 million.
Oil prices have surged after Saudi Arabian jets struck rebel targets in Yemen, sparking fears that an escalating crisis in the country could threaten crude producers in the Middle East.
Gold has pared gains after hitting a three-and-a-half-week high, after a knee-jerk reaction to escalating tensions in the Middle East knocked stocks and drove investors into lower-risk assets.
Doray Minerals will seek to raise a smaller-than-expected amount of capital for its second gold project following yesterday’s announcement the state would leave royalty payments unchanged.
The Australian Mines and Metals Association is calling on the federal government to fix uncertainty in the offshore oil and gas sector after the Federal Court reversed an earlier decision to allow changes to foreign worker visas.
KPMG has secured backing from more than a dozen major businesses for its Energise technology accelerator, which will provide financial and in-kind support to eight startup businesses servicing the energy and resources sector.
Empire Oil & Gas has kicked off a $15.7 million capital raising to fund new drilling at its flagship Red Gully North project and evaluate other projects in the Perth Basin near Gingin.
Federal Labor leader Bill Shorten is reluctant to back a solution to a stand-off with Western Australia about how GST revenue is divided among the states.
World oil prices have advanced on worries that political instability in Yemen could threaten key Middle Eastern petroleum producers, offsetting concerns about a growing US crude glut.
Gold has hit two-and-a-half-week highs, rising for the sixth straight session as upbeat German sentiment data helps drive the euro higher against the US dollar, and as expectations for an imminent US interest rate rise recedes.
West Perth-based gold explorer Mount Magnet South has announced plans to sell its Kirkalocka project in the Murchison region to Ozchina Enterprises for $1.7 million.
Perth-based minerals explorer Newera Resources will proceed with its proposed acquisition of Arena Exploration in order to own a substantial proportion of the Plomosas zinc project in Mexico, following the completion of due diligence.
The state government has opted not to change commodity royalties in this year’s budget at the expense of almost $180 million in previously booked revenue.
Engineering group UGL has been awarded a $120 million contract to provide plant services for the operational phase of Santos’s Curtis Island LNG facility in Queensland.
BC Iron has moved forward with its cost-cutting initiatives by awarding a $40 million contract to Viento Group to provide crushing and screening at its Warrigal hub, which forms part of the Nullagine joint venture.
Fortescue Metals Group has cited the finer points of the Australian Competition and Consumer Act to justify calls by its chairman Andrew Forrest for Australia's biggest iron ore miners to cap production in order to lift prices.
Gold have risen to a two-and-a-half-week high, lifting for the fifth straight session on growing expectations that a US interest rate increase could be pushed to September.
China-based Citic Group has posted a big slide in full-year profit to $HK39.8 billion ($6.5 billion) for 2014, on the back of a $2.2 billion impairment charge on its Sino Iron project in the Pilbara.
Rio Tinto and Alcoa of Australia have struck an agreement with the state government to terminate a bauxite mining joint venture on the Mitchell Plateau in WA's far north, paving the way for the area to be included in a new national park.
Fortescue Metals Group may have to sell a stake in its iron ore mines or rail infrastructure as it looks to pay down debt after abandoning a $US2.5 billion refinancing.
Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through a scrip deal valued at about $18 million.
The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.
