World oil prices have fallen, with the New York benchmark below $US95 a barrel for the first time since January ahead of the weekly US inventories report and the contract's expiration.
BHP Billiton has lifted its full-year profit by 23 per cent, while at the same time confirming it will spin-off its aluminium, coal, manganese and silver assets into a new company, which is set to be headquartered in Perth.
Copper explorer India Resources has signed a placement agreement with Resource Capital Funds for the issue of up to 200 million shares to raise up to $1.6 million.
Gold explorer and developer Doray Minerals will take an earnings hit of between $40 million and $50 million due to a fall in the Australian dollar gold price.
Balcatta-based Sirius Resources has been granted a mining lease by the Department of Mines and Petroleum for its proposed Nova nickel project near Balladonia.
Engineering contractor Monadelphous Group has announced a 6.3 per cent fall in full-year profit to $146.5 million on softening activity in the mining and minerals sector.
Iron ore prices may have softened significantly from about $US130 a tonne during the past year, but that has not stopped local miners ramping up exports.
Perth-based mining equipment supplier Emeco Holdings has secured an agreement with Chilean mining contractor Fe Grande, which is expected to generate between $27 million and $32 million in revenue per year.
The Environmental Protection Authority has given conditional approval to Northern Minerals for its Browns Range project, located 160 kilometres south-east of Halls Creek.
West Perth explorer Azure Minerals has entered into a joint venture agreement with Kennecott Exploration, part of mining giant Rio Tinto, to explore for copper at its Promontorio project in Mexico.
Oil and gas exploration company Carnarvon Petroleum has announced a major oil discovery on the North-West Shelf, which it claims represents the largest in Australia for 30 years.
Gold prices fell to the lowest level in nearly two weeks on Friday as signs of health in the US economy outweighed news of a skirmish near the Ukraine-Russia border.
Gold and mineral explorer Golden Rim Resources has announced a $3 million placement, managed by Sprott Private Wealth, for exploration in Burkina Faso and working capital.
Auminco Mines has signed a memorandum of understanding with Mongolian cement manufacturer Khutul Cement and Lime for the supply of coal from its Berkh Uul coal project.
Mining giant BHP Billiton is expected to report a bumper full year profit next week after achieving a 15th straight year of record iron ore production.
Oil prices have tumbled, with the US benchmark dropping 2.1 per cent, as investors weighed a mounting batch of weak economic data from around the world.
A WA based company which is the world’s only supplier of pharmaceutical grade sandalwood oil has revealed a landmark deal it struck earlier this year was with global dermatology company Galderma.
Mid-tier iron ore miner Mineral Resources has increased its full-year net profit by 28 per cent to $231 million, with the help of a 93 per cent increase in iron ore export volumes.
Nickel miner Mincor Resources has released its full year results, revealing a net profit after tax of $1.85 million, a turnaround of more than $20 million from the previous financial year.
Former Kogi Iron and Galaxy Resources boss Iggy Tan has been appointed managing director of Australia Minerals and Mining Group, as the company moves to commercialise its High Purity Alumina project in the south-west.
Perth-based Handley Surveys has been given a $25 million two-year extension to its contract with Bechtel for surveying services to the Chevron-operated Wheatstone project.
Oil and gas firm Coretrack has signed a licence agreement with Specialised Oilfield Services for its core level recorder system technology, which will give SOS exclusive rights to develop, operate, manufacture and sub-license the technology.
