Mining

Rare earths producer Lynas Corporation has announced an $83 million capital raising to help replenish its crippled cash balance.

Newcrest Mining increased short-term bonuses to top executives more than 11-fold this year despite making another heavy loss.

West Perth-based miner Metals X has completed a $40.4 million pre-pay arrangement with Citibank for the production of over 30,000 ounces of gold.

Range Resources has secured a US$15 million loan from John Hancock-advised Lind Partners to accelerate development drilling of Range’s Trinidad onshore assets.

Peak Resources has secured a $28.6 million funding deal with mining and metals equity investor Appian Natural Resources Fund, to assist in financing a bankable feasibility study at its Ngualla rare earth project in Tanzania.

The coal industry is getting its "mojo" back despite job losses, BHP Billiton chief executive officer Andrew Mackenzie says.

Shares in Perth-based metals explorer Peel Mining have surged on news it would receive up to $7 million through a farm-in agreement with Japan Oil, Gas and Metals National Corporation.

A worker has died at BHP Billiton's Worsley alumina refinery in Western Australia's South West after falling down an elevator shaft near a conveyor belt.

US oil prices have risen sharply at the start of a busy week of economic data expected to further strengthen confidence in the comparative strength of the American economic recovery.

Perth-based explorer Gold Road Resources has received commitments for a $23.2 million capital raising, with the company keen to further explore gold targets identified within its tenement holding on the Yamarna Belt.

Ausdrill announced today that the proceedings in the Supreme Court against its chief executive officer Ron Sayers have been discontinued.

Mining contractor Barminco has been affected by a weaker resources sector but has cut costs to grow its margin on a weaker revenue base.

BHP Billiton is teaming with Mexican oil company Pemex in a bid to develop deepwater petroleum reserves in the Gulf of Mexico.

Accounting firm EY says debt levels and an ongoing focus on costs is placing more pressure mining services companies in Western Australia.

Clive Palmer's Mineralogy has moved to terminate CITIC Pacific Mining's rights to mine his iron ore in Western Australia, casting doubt over an $8 billion project.

Gold futures have carved out a slight gain as the US dollar weakened against the yen and US equities tumbled to a five-week low.

Global oil prices have remained weak in choppy trade, buffeted by the strong dollar and rebounding Libyan output.

A subsidiary of Wesfarmers, liquefied natural gas supplier EVOL LNG, has won a deal with Saracen Mineral Holdings to supply 7,000 tonnes of the resource per year to its Carosue Dam operations north of Kalgoorlie for an undisclosed amount.

BHP Billiton boss Andrew Mackenzie earned $US8 million in the 2014 financial year, but he will have his salary frozen amid the resources giant's cost cutting campaign.

Junior miner Jameson Resources says it has received firm commitments for a $2 million capital raising to fund work at its flagship Crown Mountain coking coal project in British Columbia.

BHP Billiton is considering listing its new resources entity NewCo on the London stock market.

Oil prices in New York have rallied after a surprisingly big drop in US crude inventories, even as higher output from Libya pressured the main London oil contract.

St George Mining has completed a capital raising of $1.75 million to sophisticated investors.

A PwC director has claimed the productivity of iron ore mining equipment in Australia has fallen 40 per cent in the last four years, and has sat behind the global average since 2012.

Western Australian Treasurer Mike Nahan has defended his government's optimistic outlook for the state's most valuable export commodity in the past financial year, saying iron ore prices are "bloody hard" to predict.

Leading non-executive director Diane Smith-Gander has said a shake-out of the iron ore sector is almost unavoidable, while speaking at today’s Business News Success & Leadership Series breakfast.

The amount of money Australia reaps from resources and energy commodity exports is expected to fall this financial year, despite a pickup in volumes shipped overseas.

A joint venture between Ord River Resources and Dampier Gold has entered into a binding ore treatment agreement with Northern Star Resources for use of its Plutonic processing facility for an undisclosed sum.

Troubled rare earths miner Lynas Corporation has placed its shares in a trading halt as it prepares to reveal details of a new funding deal.

Oil prices were mixed following better-than-expected Chinese manufacturing data but a poor showing in a key measure of eurozone activity.

Gold futures have settled higher after the US stepped up its involvement in Syria, stoking worries about instability in the Middle East.

Iron ore explorer Gindalbie Metals has detailed a $586 million loss for the financial year, which was previously flagged on the back of a write-down of its 48 per cent stake in the Karara project.