WA Police have confirmed reports they are investigating allegations of fraud against billionaire Clive Palmer, using material supplied by his estranged business partner Citic Pacific Mining.
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Mining explorer Heron Resources has been forced to hold a spill of its board of directors after suffering a shareholder revolt at its annual general meeting.
BHP Billiton says it is upping the stakes in its efforts to grow production and cut costs, while also announcing more details of the management line-up for the company it plans to create from its proposed demerger.
Gold prices have closed at their highest level in nearly three weeks, spurred by a drop in the US dollar and tensions in Eastern Europe and the Middle East.
Sandfire Resources managing director Karl Simich said reports in Fairfax today that its major shareholder, South Korean steel giant Posco, was attempting to offload its 15 per cent stake were mischievous.
Gindalbie Metals chairman Keith Jones has told shareholders at today’s annual general meeting that the last twelve months had been “confronting” for the company, and “as close to a perfect storm as one can get”.
Abundant supply is driving commodity prices lower, but the good news is that Chinese demand for Australian resources will continue as its economy evolves, the Reserve Bank of Australia says.
Two Melbourne-based foreign exchange brokerage founders have been named the Ernst & Young 2014 Australian Entrepreneurs of the Year, with Aurora Oil and Gas founder Jonathan Stewart also being named one of six category winners.
Outgoing Commonwealth Scientific and Industrial Research Organisation chief executive Megan Clark will join mining giant Rio Tinto's board of directors.
Gold prices have extended their declines in aftermarket trading as the Federal Reserve's meeting minutes quashed any hopes the central bank could delay raising interest rates.
Oil prices in New York have finished little changed on a mixed US inventory report as Morgan Stanley analysts said they expect OPEC to take action to defend prices.
An uncertain future for Pluton Resources’ Cockatoo Island iron ore project has led Watpac Civil & Mining to flag a hit to its net profit of between $2 million and $4 million for the 2015 financial year.
Shares in Adelaide-based Flinders Mines plummeted on the stock market today after it announced a $6.7 million capital raising to complete a feasibility study on its Pilbara iron ore project.
Chevron Australia’s former general manager greater Gorgon area, Colin Beckett, has been appointed to the board of Australia’s largest onshore oil producer, South Australian company Beach Energy.
A subsidiary of mining services group Ausdrill has won its first international contract, which will be to supply drilling services at a tenement in Papua New Guinea held by Heritage Oil for an undisclosed sum.
Mining services companies WesTrac and Orica have both announced further restructuring moves, including a reduction in their workforce, with Orica also announcing the sale of its chemicals business to a private equity group.
Gold prices have closed at their highest level in nearly three weeks, spurred by a drop in the US dollar and tensions in Eastern Europe and the Middle East.
Skilled Group says it will buy-out its partner in the Offshore Marine Services Alliance joint venture for $6.9 million, and plans to merge it with its Broadsword Marine operations to create a single marine services business.
TFS Corporation non-executive director Dalton Gooding has been promoted to the role of non-executive chairman after joining the company just one month ago, after Patrick O’Connor stood down from the role at a board meeting this morning.
Burswood-based Programmed Maintenance Services has recorded a drop in after-tax profit for the six months to September to $9.8 million as a result of a continued fall in available work in the resources sector.
The Environmental Protection Authority has given conditional approval for Rio Tinto’s Koodaideri iron ore project in the Pilbara, but is cautious about the potential spread of asbestos that could result from where the mining giant proposes to construct a rail corridor.
Mining services contractor Viento Group has forecast a trading loss in the current half year after disclosing that recently acquired subsidiary HVLV has run into problems on one of its contracts.
