Mining and civil engineering contractor Maca has downgraded its full-year revenue guidance by $30 million after Sydney-based miner Arrium said it was closing one of its South Australian mines.
Oil prices have fallen on a jump in US petroleum stockpiles and the surge in the US dollar spurred by the European Central Bank's launch of a massive eurozone stimulus.
The head of gold miner Evolution Mining is confident about the year ahead but is warning the industry against losing its way again as the precious metal's value rises.
Macmahon Holdings boss Ross Carroll, who was one of the highest paid chief executives in Western Australia's contracting sector, has resigned with immediate effect, as the company increases its focus on cost cutting.
Australia's biggest workforce provider, Skilled Group, has rejected a takeover offer from rival Programmed Maintenance Services, saying it undervalues the company.
Oil prices have rebounded a bit from nearly six-year lows as investors took a breather on the eve of a highly anticipated European Central Bank decision on stimulus.
Gold prices nudged lower, ending a seven-day winning streak, as investors reacted to reports of a 50 billion euros ($A75.00 billion) a-month bond-buying proposal by the European Central Bank.
Shares in gold producer Saracen Mineral Holdings were up 14 per cent today after the company's December quarterly report revealed strong production, lower costs and improved cash flow generation.
Troubled iron ore miner Pluton Resources has been restricted from issuing a reduced content prospectus until next year because it failed to comply with reporting and disclosure obligations, the Australian Securities and Investments Commission says.
Mid-tier nickel miners Western Areas and Mincor Resources have released positive quarterly results on the back of lower costs and improved production, with Mincor also defying the industry trend by saying it would increase its exploration spending.
US energy company Apache Corporation’s chairman, president and chief executive Steven Farris announced his immediate retirement today, leaving current chief financial John Christmann to fill the role.
Gina Rinehart's Roy Hill mining operation has had a crane incident while safety inspectors were observing the operation, and has blamed its contractors for serious issues.
Chevron has signed an agreement to sell 4.15 million tonnes of liquefied natural gas from its $US54 billion Gorgon project on Barrow Island to South Korean-based industrial conglomerate SK LNG Trading.
China-based Citic Group has flagged a $US1.4 billion to $US1.8 billion impairment at its Sino Iron magnetite project in the Pilbara as a result of the falling value of iron ore.
Shares in Perth-based explorer Sirius Resources were up nearly 10 per cent today after it announced a gold discovery at its Polar Bear project near Norseman.
Atlas Iron is targeting further savings after revealing it sold iron ore at a loss during the December quarter, selling for an average price of $63 per tonne compared to an all-in cash cost of $66 a tonne.
Western Australia's biggest iron ore producer, Rio Tinto, has reported record sales for 2014, on the same day that its major customer, China, announced its slowest rate of economic growth in 24 years.
Iron ore miner Fortescue Metals Group has recruited the former vice-president of global procurement at oil giant ExxonMobil to its board of directors, as it seeks to lift the efficiency of its business.
In just its second year in the tightly held retail gas market, Wesfarmers’ Kleenheat brand has stirred up intense competition among business customers.
Cost cutting may be the order of the day across the resources industry, but mining services provider Murray Engineering is marching to the beat of its own drum – hiring at its Pinjarra headquarters and opening a larger Kalgoorlie office.
MACA has signed a new $9 million deal to provide services to Doray Minerals at its Meekatharra gold project, as the mining and civil engineering firm winds down operations at Rosslyn Hill Mining's lead operation at Paroo Station near Wiluna, which will be put on care and maintenance next month.
Copper prices extended their rebound on Friday, as some investors judged Wednesday's drop to five and a half year lows as too extreme despite continued worries about demand.
Gold prices extended their rally on Friday to lock in a 5 per cent gain for the week as worries about global growth and turbulence in currency markets spurred investment demand for haven assets.
