Mining

Gold prices saw their sharpest drop in more than a year Thursday, as investors interpreted the Federal Reserve's comments from a day before to be on the hawkish side, denting the case for owning the precious metal.

The Water Corporation has announced plans to sell its in-house engineering and construction services team, which has 152 permanent employees.

Southern Cross Electrical Engineering managing director Simon High has announced his impending retirement after spending nearly five years at the helm.

Explosives and mining services provider Orica does not know when there could be a significant turnaround in the mining sector.

Metals X is aiming to become one of Western Australia’s biggest gold miners after announcing updated plans to develop its Central Murchison project, with mining to set to commence in July this year.

Plunging commodity prices have knocked Clive Palmer off Australia's top 50 rich list, and slashed the estimated wealth of other mining moguls.

Doray Minerals has refinanced a $55 million debt facility with Westpac to help fund development of its Andy Well stage 2 gold project in the Murchison region of Western Australia.

Fortescue Metals Group surprised investors earlier today with a better-than-expected December quarter production report, but that should not stop speculation that it could be a key player in Western Australia’s deal of the decade.

Shares in Poseidon Nickel have surged after it flagged a major resource upgrade at the recently purchased Lake Johnston nickel project near Norseman.

Shares in Fortescue Metals Group lifted today after it reported an 11 per cent cut in production costs and flagged further reductions. For more on FMG, Tim Treadgold's opinion column (see below) outlines reasons why mining giant BHP Billiton should buy the iron ore miner.

Oil has tumbled to near a six-year low as US crude stocks soared to a record high, sparking fresh fears over the growing global supply glut.

Gold futures have pulled lower after the Federal Reserve signalled it would keep interest rates near zero at least until midyear.

Oz Minerals has made the decision to relocate its headquarters from Melbourne to Adelaide, as the South Australian government today announced it would invest $10 million in a new research partnership with the resources company and local universities.

Perth-based Sandfire Resources has extended the mine life of its DeGrussa copper and gold mine near Meekatharra to mid-2021.

West Perth-based iron ore miner Mount Gibson Iron has flagged an $850 million to $950 million impairment after the company put its Koolan Island mine on care and maintenance in December.

Oil prices have rebounded from six-year lows as the US dollar weakened after disappointing US economic data.

Gold prices have risen as some investors sought to protect their wealth from losses in stocks and a weaker US dollar.

Gindalbie Metals has commenced a review of its strategy and investment options, after reporting that the Karara iron ore project is still not cash flow positive despite achieving a solid lift in production volumes.

Subiaco-based explorer Triton Minerals has secured a funding facility of up to $20 million over two years with Lone Star Investments, to assist in the development of its Nicanda Hill graphite and vanadium deposit in Mozambique.

Perth-based explorer Gold Road Resources will proceed with a pre-feasibility study on its Gruyere project east of Laverton, after conducting a scoping study which found it to be a robust, long life and large-tonnage gold project.

Gold miner Silver Lake Resources has cut its production guidance for the current financial year and reported higher costs, triggering a 23 per cent dive in its share price.

A sabotaged gas valve at a fracking site in the Kimberley region has been removed for further inspection.

Sirius Resources has chopped $30 million off the cost of developing its Nova nickel project after getting final prices from contractors, including Barminco, which started work at the remote site east of Norseman this week.

With the convention market in Perth showing no signs of slowing, the focus has turned to the city’s largest venues and their capacity to attract major national and international events.

Shares in iron ore producer Fortescue Metals Group have fallen sharply after the price for iron ore dropped to a new five and a half year low.

Mining giant BHP Billiton has committed $10 million to the development of an interactive water park at Elizabeth Quay.

Gold miner Ramelius Resources has lifted its full-year production guidance after achieving record production in the December quarter.

Gold prices have fallen as investors take profits on the metal's recent rally after a victorious anti-austerity party in Greece didn't appear inclined to take the country out of the eurozone.

Oil prices have fallen to fresh six-year lows in New York trade despite a warning from OPEC that prices could surge to $US200 owing to a shrinking investment in exploration.

Three aspiring gold miners have announced an increase in projected free cash flow for their respective projects as a result of the strong gold price, coupled with falling fuel costs.

Perth-based Doray Minerals has confirmed solid growth in gold production and disclosed lower costs in the December quarter, as it moves toward completing its takeover of Mutiny Gold.

Mining entrepreneur Nik Zuks has put four Perth properties up for sale as he deals with the sharp slump in the iron ore market, which has slashed the value of his flagship company Bellzone Mining plc.