Gold prices fell to their lowest level in more than seven months on Thursday and finished in the red for the fourth session in a row, as a strong dollar and muted geopolitical fears continued to weigh on its appeal as a safe-haven investment.
Freight operator Aurizon has received exclusive rights to develop the rail and port infrastructure for a major Pilbara iron ore project in which it is a partner.
Cardinal Resources has announced a $1.6 million placement and non-renounceable rights issue of options to raise funds for continued exploration of its West African mines.
Gold producer AngloGold Ashanti has announced plans to separate its South African assets from its international mining assets through London-listed NewCo, whilst contemplating a rights issue to raise $2.3 billion to fund the restructure and pay off debt.
Perth minerals explorer Gunson Resources has agreed to acquire a 100 per cent interest in mineral sands firm Strandline Resources for $2.5 million, and will assume the name of its target as it expands its focus in offshore assets.
Perth civil engineering contractor Macmahon Holdings has secured a $317.5 million three-year funding facility, upsized from $280 million after the book-build closed oversubscribed.
The state government has moved to introduce legislation validating environmental approvals for 25 resources projects, including BHP Billiton's Jimblebar iron ore project and Macedon gas development, thrown into doubt by a review of the independent Environmental Protection Authority’s conflict of interest procedures.
IMX Resources has sold its iron ore operations in South Australia to Perth-based Cu-River Mining for $3.68 million, shifting its focus solely on its Tanzanian projects.
A trio of heavyweight unions will present a petition to the Western Australian parliament, calling for an investigation into the use of local labour and suppliers at the Chevron-operated Gorgon gas project.
Gold slid to a three-month low and other precious metals fell Tuesday as the dollar strengthened and as signs of progress toward peace in Ukraine reduced the need for haven assets.
Westpac chief economist Bill Evans has predicted the iron ore price will go over the $100 per tonne mark next year, on the back of improved Chinese consumer confidence.
Aberdeen-headquartered energy services firm Wood Group PSN has won a contract with Woodside to provide engineering and construction management services at its Karratha Gas Plant Life Extension program, for an undisclosed amount.
Rio Tinto has mounted an energetic defence of clean coal, referencing Churchill and Neil Armstrong's moon landing in declaring it the only way to meet growing energy needs while reducing emissions.
Oil prices have dropped with the European benchmark contract slipping below $US100 ($A108.20) a barrel on concerns about fragile demand, heavy supply and a strengthening US dollar.
Chrysalis Resources has entered into a deal to grant Fortescue Metals Group exclusive exploration access and an option to buy the Chrysalis West Angelas Project Tenements.
Civil and mining industry contractor Viento Group has announced a joint venture with 100 per cent indigenous owned Kimberley Pipelines, expanding Viento’s services into the pipeline construction industry.
Mining services company Ausdrill may be $8 million out-of-pocket after Western Desert Resources announced it had fallen into the hands of administrators on Friday.
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Graphite explorer Uranex has signed a memorandum of understanding for an off-take agreement with the China-based Sinosteel Liaoning and Dalian InterContinental New Materials Corporation joint venture.
Engineering and project services firm Clough says its AMEC joint venture has been awarded a $70 million contract for Arrow Energy’s Bowen gas project in Queensland.
Gold prices edged higher Friday after data showed the US economy created fewer jobs than expected in August, easing fears that the Federal Reserve may raise rates sooner than expected.
Perth-based coal miner Ascot Resources has received commitments from global commodity trader Gunvor Group for a $5 million equity capital investment in its $11.2 million raising.
