Global oil prices have rallied modestly from five-year lows after a US agency trimmed its forecast for 2015 US output because of drilling-budget cutbacks.
Gold futures have surged to their highest level in more than six weeks as losses in US stocks and the greenback stir up investor appetite for haven assets.
Gold developer Norton Gold Fields has taken a stake of 10.8 per cent in Phoenix Gold, but has clarified it has “no present intention to make a takeover offer”.
Shares in explorer IMX Resources have rocketed up 30 per cent after the company announced it had received expressions of interest for its Ntaka Hill nickel project in south-east Tanzania.
Shares in energy company Santos have shed more than a third of their value in less than three weeks after further falls in oil prices and a credit rating downgrade.
Blackgold International Holdings has negotiated terms for a $S25 million ($A22.9 million) convertible bond issue, to supplement working capital and for acquisitions.
Onslow will receive a new hospital and complete its airport redevelopment following the state government’s announcement of two new funding packages today.
Gold futures have edged up amid signs of slowing global growth and concerns that central banks around the world could respond with stimulus measures that would drive currency values lower.
The peak national body for engineers has revealed a strong desire among its members in Western Australia to be engaged in the industry’s nascent floating liquefied natural gas developments.
Engineering, maintenance and construction provider Tempo Australia has announced its subsidiary, Tempo Construction and Maintenance, has won a contract with Santos for provision of labour trade resources at its operations in the Cooper Basin.
Shares in Geopacific were up 9.3 per cent today as the company announced a $3 million rights issue, with the company planning to step up exploration activity at its Cambodian Kou Sa project.
The latest numbers from Western Australia’s listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state’s royalty system might erode margins beyond break-even.
Local resource explorers Enterprise Metals and Zenith Minerals have received state government co-funding for drilling exploration projects in Western Australia.
Western Australia’s first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.
Gold futures have fallen as a blockbuster US employment report prompts investors to bring forward their expectations for tighter US monetary policy and bolstered the US dollar.
Clive Palmer’s private company, Mineralogy, has backed off from threats to terminate its agreements with China’s Citic Pacific, after Citic went to court seeking injunctions against its estranged business partner.
There's a good reason Perth Airport seems overrun with people in hi vis - even as the resources sector stalls and new projects are shelved - with flights to key industry destinations still dominating air traffic.
Mount Gibson Iron has put its Koolan Island mine on care and maintenance after the recent flooding of the pit, resulting in most of the 360 workers being made redundant.
Oil prices have fallen in London and New York helped by reports that Saudi Arabia has trimmed its export prices and is doing nothing to tighten supplies.
Shell Australia has become the third major petroleum producer to partner with Western Australia’s leading energy research group, in a move that is expected to provide a host of opportunities for local input and collaboration on the $12 billion Prelude floating liquefied natural gas project.
Indian-owned miner Griffin Coal has resumed operations at Collie, two days after its main contractor walked off the job, but there is uncertainty about how many people will be employed at the mine.
Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.
Santos shares have hit a near eight-year low as the energy company shelved a debt raising and announced plans to slash spending due to weak oil prices.
Oil prices in New York have gained following a drop in US crude inventories, while the international benchmark Brent has fallen on gloom after last week's OPEC decision to maintain output.