The Western Australian premier has downplayed his verbal attack on BHP Billiton and Rio Tinto, claiming he never suggested the two mining giants were colluding.
The Maritime Union of Australia has started its five-day strike at Mermaid Marine Australia’s Dampier Supply Base today, a decision the Australian Mines and Metals Association has labelled “irresponsible and misguided”.
Gold prices have hit a fresh four-week high, as investors rush into the metal amid gloomy economic data and turbulent stock markets in Europe and Asia.
US crude prices have plummeted nearly five per cent as the International Energy Agency slashed its oil demand forecast in light of slowing economic growth in Asia and Europe.
The state government has agreed to increase the price it pays Premier Coal for its coal supplies, as uncertainty continues over the fate of fellow Collie producer Griffin Coal.
The Western Australian premier has again accused BHP Billiton and Rio Tinto of flooding a depressed iron ore market, putting further downward pressure on the commodity's price.
Red Mountain Mining has withdrawn its $1.4 million rights issue after underwriter Patersons Securities terminated the agreement, as the company’s share price closed lower than the offer price of 0.8 cents for three days.
Perth-based explorer Hawkley Oil & Gas has entered into a binding term sheet for the sale of its Ukraine oil and gas operations to Black Star Petroleum in exchange for 600 million shares.
Woodside Petroleum has finalised an agreement with Noble Energy and Glencore International to farm in to the Tilapia Production Sharing Contract off the coast of Cameroon.
Education Minister Christopher Pyne has described Australian National University's controversial decision to divest its fossil fuels share portfolio as bizarre.
Oil prices have slid lower, with Brent hitting a four-year low, on oversupply worries heightened by OPEC signals that producers have no intention of cutting output.
Gold has advanced to its highest level in nearly four weeks as worries about global economic growth weaken the US dollar and spur investor appetite for a haven.
Belt tightening among Western Australia’s mining equipment hire operations, miners and mining contractors is pushing record volumes of yellow equipment into auction yards.
Australian resources companies are under-represented in Latin America’s mining sector despite its attractive operating environment, according to a seasoned player in the region.
Mermaid Marine Australia employees at the Dampier Supply Base will stop work on Wednesday for five days, while negotiations continue around wages and job security.
A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex’s Ichthys liquefied natural gas project near Darwin.
Chinese demand continues to drive export growth in Western Australia, with more than 57 per cent ($6.2 billion) of the state’s $10.9 billion of goods exports in August bought by China.
The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.
The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.
Chalice Gold Mines founder and executive chairman Tim Goyder has taken the role of managing director in a series of board changes that include Bill Bent stepping down from the position today.
Engineering contractor Monadelphous Group has been awarded a $200 million extension to its facilities management services contract at Chevron’s Gorgon project on Barrow Island.
Oil prices have tumbled as fresh evidence of economic weakness in the eurozone, especially in Germany, added to concerns of slowing global growth and abundant crude supplies.
New data from the Office of the Registrar of Indigenous Corporations have provided clear evidence of the extent to which indigenous communities benefit from iron ore mining in the Pilbara.
Macmahon Holdings has extended its standstill agreement with Mongolian company Erdenes Tavan Tolgoi to allow for more time to negotiate an outstanding $US30 million in payments it’s owed.
