Western Australian treasurer Mike Nahan says he can’t guarantee a budget surplus in the next financial year due to the recent volatility in iron ore prices.
Global crude oil prices have fallen as traders worried about the strength of demand especially in China ahead of the release of key Chinese manufacturing data.
Perth explorer Buru Energy has received a $20 million backing by Gordon Martin’s Coogee Chemicals in its $40 million capital raising to fully fund its 2015 work portfolio.
Radar Iron and Victory Mining have struck a deal to raise a total $5.5 million to fund the $2.9 million debt repayment for the acquisition of Radar’s Yerecoin project.
A joint project between Woodside Petroleum and Curtin University is aiming to boost productivity in the construction of liquefied natural gas projects in Western Australia.
Scientists and engineers in Perth have begun quietly setting up a centre which could encourage more floating gas projects off Western Australia's coast and create local jobs.
Last month’s huge oil discovery off the Pilbara coast, which could be the largest local find in 30 years, has already provided West Perth junior Carnarvon Petroleum with a significant boost to its share price.
Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.
Gold has settled at its lowest close of the year and other precious-metals prices have tumbled, as a surging US dollar and expectations of higher interest rates spur investors to sell.
Australia Minerals and Mining Group has chosen its Meckering aluminous clay deposit as the key supply of feedstock material for its HPA chemicals project, which will be located north of Perth.
Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty’s investment vehicle, has accepted BC Iron’s $256 million takeover bid for IOH.
Gold fell Thursday to an eight-month low, while silver sank to a four-year low, as investors digested the Federal Reserve's plans for tighter monetary policy.
The federal government has appointed former Western Australian bureacrat Stuart Smith as CEO of its oil and gas industry regulator, the National Offshore Petroleum Safety and Environmental Management Authority.
Saracen Mineral Holdings announced this afternoon that an employee of an unnamed contractor passed away overnight in his room at the accommodation village of the company’s Red October mine.
Two Perth-based minerals explorers announced today that their placements had received commitments from investors, worth a combined $3.6 million in total.
Junior producer AWE has claimed a new gas discovery in the Mid West could be the largest conventional onshore gas discovery in Western Australia in 50 years.
Mines and Petroleum Minister Bill Marmion has announced that Western Australia will play a key role in settling global safety standards for emerging remote controlled mining machinery.
Cardinal Resources has completed its bid for $900,000 of capital from sophisticated and professional investors, with additional rights issue shares yet to become available to eligible shareholders.
Oil prices have dipped following mixed US crude-inventory data and reports suggesting an OPEC production cut is unlikely when the organisation meets in November.
BHP Billiton won't confirm reports jobs have been axed at its Nelson Point operations in Port Hedland, but says some staff in the Pilbara town will be made redundant in coming months.
The Western Australian government is poised to announce more cost-cutting measures as lower iron ore prices threaten to punch a big hole in the state's bottom line.
Neon Energy chairman Alan Stein has warned the company’s shareholders against taking any action towards a takeover bid it received earlier in the month.
AngloGold Ashanti’s plans to raise $2.3 billion and create a London-listed entity to separate its international and South African assets have fallen through after its shareholders knocked back the proposal, leaving the gold miner with a high debt burden.
