Global oil prices have slid to new multi-year lows after a top OPEC official suggested that speculation largely was driving the market lower, indicating the cartel would keep output unchanged.
Mineral sands developer Mineral Commodities has become the subject of action in the High Court of South Africa, after a dispute over a garnet deposit at its Tormin operations.
Mining services provider Viento Group has entered a trading halt after a legal dispute with a minority shareholder in its 65 per cent owned subsidiary, Power Infrastructure Services.
Shares in Range Resources have been suspended from quotation after two directors resigned from its board, pushing it below the level required under corporate law.
Just weeks after Canadian shareholders challenged its current board, shares in Heron Resources were driven up 13 per cent on news that a peace deal had been arranged.
Mining giant BHP has celebrated the export of its billionth tonne of iron ore to China, after a relationship of more than four decades, but the next billion is not far off.
BHP Billiton’s plans to renew the lease on its fly-in, fly-out camp on the outskirts of Newman, rather than take up existing empty housing in the town, has prompted a chorus of dissent from Pilbara-focused property groups.
Mining giant Rio Tinto has been caught up in a financial bind after a contractor working on one of its Pilbara projects collapsed owing an estimated $14 million.
Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy’s share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.
The world's biggest drilling services company, Boart Longyear, says higher costs and lower prices are weighing on earnings but revenue is expected to pick up.
Gold futures have closed lower as upbeat US economic data bolster the US dollar and fan expectations of tighter monetary policy from the Federal Reserve.
Gold producer Doray Minerals was up more than 26 per cent today after confirming high grade gold results at its Andy Well mine, saying it confirmed the potential of extensions to the mine’s life.
Former executive chairman of the Kimberley Diamond Company, Miles Kennedy, has left the role of managing director at Lucapa Diamond Company as part of a board restructure.
Oil prices have sunk to new five-year lows with the US benchmark West Texas Intermediate crude nearly hitting $US60 a barrel, 40 per cent down from just six months ago.
Gold prices have retreated from a six-week high, as some traders take profits on the recent rally and others adjust their expectations for the timing of interest-rate increases in the US.
West Perth-based Red Fork Energy, which has raised $125 million from investors over the past three years to support its shale drilling program in the US, has collapsed after losing the support of its major lender.
Resource Development Group has been assigned two construction contracts for Chevron’s Gorgon LNG project, following the demise of Killarnee Civil & Concrete Contractors.
