Woodside chief executive Peter Coleman has urged the company’s shareholders to be patient, as it works through multiple challenges affecting its growth projects and its operating costs in Australia.
Less than three weeks after announcing it had secured $US6.47 billion ($6.89 billion) in equity funding to construct a port and rail network at Oakajee, junior explorer Padbury Mining says the deal is now dead.
Perth-based miner Aditya Birla Minerals disclosed today it has stood down the majority of employees at its Nifty copper mine as it continues to investigate suspected ground subsidence.
Hancock Prospecting is being compelled to hand back a stake in the Rhodes Ridge iron ore project after the Gina Rinehart-led company dragged its heels after a court ruling.
Galaxy Resources has agreed to sell its Jiangsu lithium carbonate plant in China to Sichuan Tianqi Lithium Industries in a deal worth about $249 million.
Global oil prices have risen, supported by tensions over the Russia-Ukraine crisis and expectations of a drop in US commercial inventories at the key Cushing terminal.
Roc Oil and Horizon Oil have struck an $800 million deal to merge their assets, with the combined company looking to produce up to 20,000 barrels of oil per day.
Troy Resources managing director and chief executive Paul Benson has given notice of his resignation after nearly seven years at the head of the gold and silver producer.
Oil prices have fallen in London but edged higher in New York with fresh Western sanctions on Moscow milder than feared and Libya taking more steps to increase exports.
Troy Resources has warned it may not reach its financial year production target at its Casposo gold and silver mine in Argentina amid setbacks in accessing high grade ore sections.
BC Iron has beaten iron ore sales guidance from its Nullagine joint venture for the March quarter despite lower than anticipated production in the period.
Energy and Minerals Australia has extended its trade suspension period to almost a month after signalling it has been unable to complete a proposed capital raising.
The state government has signed a native title agreement with the Ngarluma people of the Pilbara over land intended for a deepwater port at Anketell Point.
Gold miner Troy Resources says it has secured the final funding required to develop its Karouni project in West Guyana, with Investec Bank agreeing to provide the company with a $100 million revolving credit facility.
Padbury Mining has confirmed the identity of its mysterious wealthy backer as hair regrowth businessman Roland Bleyer but has again called for more time before it can disclose details of the funding arrangement.
More than 10,000 heavy vehicles could be running on liquefied natural gas in Australia by 2020, according to global management consultancy firm Accenture, which is working to facilitate the uptake, especially at Western Australian mines.
Shares in West Perth-based miner Metals X have closed higher after the company announced it had negotiated a restructured royalty agreement at its Higginsville gold operations.
Nedlands-based explorer Bullabulling Gold has signalled it will not accept a takeover bid from Norton Gold Fields which values the company at about $24 million, saying the offer does not reflect the value of its assets.
Padbury Mining has sought another extension to its suspension from trading, saying it needs more information from its mystery backer to determine whether they have the capacity to provide a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee.
West Perth-based gold miner Red 5 has cleared a key regulatory hurdle on the way to resuming production at its mothballed Siana gold mine in the Philippines.
