Gold prices have risen to their highest level in more than two months, as investors seek shelter amid concerns of falling oil prices and political uncertainty in Europe.
Europe's oil benchmark has closed below $US50 a barrel for the first time in six years after a leading investment bank predicted the commodity would sink even lower in coming months.
Shares in gold miner Ramelius Resources have risen for the second time in a week after the company announced it had struck a significant amount of high-grade gold at its Blackmans project in the Murchison region.
Perth-based explorer White Star Resources says it has raised about $5.1 million and completed due diligence on its acquisition of unlisted technology business Spookfish.
Perth-based gold producer Troy Resources has received an environmental permit for the construction and operation of its Karouni gold project in Guyana.
Woodside Petroleum is looking to take advantage of India's growing demand for liquid natural gas after agreeing to partner with conglomerate Adani Group.
Gold prices have risen, as US jobs data from December showed weak growth in wages, bolstering the case for the Federal Reserve to be cautious in raising rates in 2015.
Continental Coal has revised the planned sale of its South African subsidiary, announcing a new deal with a consortium planning to pay an extra $3 million for the business.
Perth-based Resource Development Group says it has combined its business operations into two independent divisions, following its acquisition of Central Systems in October last year.
Resource Equipment director Andrew Aitken has accepted Pump Services’ $115.5 million takeover offer, giving the US-based firm majority control over the mining equipment provider.
Dormant Perth company ZYL entered into voluntary administration today after its creditor Prestige Glory struck a deal with Ascent Capital to buy the collapsed miner’s coal assets in South Africa.
Iron ore giant Fortescue Metals Group says it has increased the mineral resource base at its Chichester hub operations in the Pilbara by 300 million tonnes of iron ore.
The Department of Mines and Petroleum has denied reports of a gas leak at Buru Energy's Yulleroo project near Broome after carrying out an inspection of the site yesterday.
Brent oil has briefly slipped below $US50 a barrel for the first time since 2009, but crude finished higher on a strong day for US and European equity markets.
Gold prices pared losses in electronic trading on Wednesday after minutes from the Federal Reserve's most recent meeting gave little reason to believe the central bank was considering raising interest rates ahead of schedule.
Western Australia’s newest gold producer, Hanking Gold Mining, expects to lift production to 100,000 ounces in 2015 after approving development of a new underground mine in partnership with local company Pit N Portal Group.
Paladin Energy’s Kayelekera uranium mine in Malawi suffered minor storm damage on Monday night when it was hit by a 20-minute, high-intensity downpour.
Shares in gold producer Ramelius Resources have surged on news it smashed its production guidance for the December quarter, with its Western Australian assets producing at record levels.
Perth-based mining developer Cape Lambert Resources has announced it is cutting 117 jobs and postponing a planned dividend payment, in response to the sharp downturn in the iron ore market.
Oil prices have tumbled to fresh 5.5-year lows as Saudi Arabia blamed weak global economic growth and said it will stick to its guns on production policy.
Mining services company ADG Global Supply has been placed in the hands of administrators, after struggling to deal with the collapse of major client African Minerals.
Gold prices have risen to their highest level in three weeks, as plunging oil prices sparked worries about the health of the global economy, drawing investors to the precious metal.
Mineral sands miner Base Resources is pushing on with its takeover bid for World Titanium Resources, despite the target declaring yesterday the bid is not capable of succeeding.
The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.
US oil prices have slipped below $US50 a barrel for the first time in more than five years as the surging US dollar and news of additional supplies extended a six-month rout.
Gold futures have jumped to a three-week high as investors turn to the asset for safety amid a steep sell-off in stocks, oil, copper and other risk markets.
Molopo Energy’s new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
