Gold and silver futures have dropped as investors come to grips with the prospect of continued stimulus reduction by the Federal Reserve in the wake of better-than-expected US employment data.
Western Australia’s mineral and petroleum sector grew 15 per cent in value last year, after a weaker Australian dollar and greater sales helped counteract falls in some commodity prices.
Engineering firm Downer EDI has won a $70 million contract to perform structural, mechanical, piping and electrical work at the Technical Ammonium Nitrate Plant project on the Burrup Peninsula in Western Australia.
Flinders Mines has announced plans to raise $14.3 million through a share placement and entitlement offer to fund a bankable feasibility study and further exploration on its Pilbara iron ore project.
Former Labor minister Martin Ferguson has heralded floating liquefied natural gas as the wave of the future, urging the Western Australian government to work with developers like Shell, Woodside Petroleum, ExxonMobil and BHP Billiton.
Woodside Petroleum has signed a sales and purchase agreement with Korea Gas Corporation for up to 2.2 million tonnes of liquefied natural gas over three years.
Southern Cross Electrical Engineering has been awarded a $40 million contract for further electrical and instrumentation works at Rio Tinto’s Cape Lambert Port B project.
Welshpool-based contractor MACA has launched a $59 million capital raising and paid out a special dividend to shareholders on top of last week's interim dividend.
Gold futures have risen after Federal Reserve Chair Janet Yellen said recent data have pointed to softness in the US economy, increasing demand for the precious metal as an alternative investment.
Silver Lake Resources will place its Murchison gold operations on care and maintenance later this year, saying the project is no longer sustainable at the current gold price.
Independence Group has provided some rare positive half-year results in the gold and nickel sectors, reporting a 30 per cent lift in net profit and lifting its interim dividend.
A joint venture between engineering firms UGL and Kentz has been awarded a $US640 million contract for construction work at Inpex's Ichthys liquefied natural gas project.
Aspiring iron ore miners Flinders Mines and Rutila Resources have joined forces, with backing from private New Zealand company Todd Corporation, to assess the development of an integrated rail and port project in the Pilbara.
Contractor Lycopodium has issued a dire outlook on the second half of the financial year as headwinds in the mining services sector place a strain on its margins.
Mining services contractor Ausdrill says the award of $US300 million worth of new contracts to its African mining subsidiary bodes well for a better 2015 after a horror run in recent months.
Engineering giant WorleyParsons will review its global business after profit fell by almost 30 per cent, fuelling speculation of more restructuring and job cuts.
Troy Resources will tap the market for about $38 million through a placement and share purchase plan to fund development at its West Omai gold project in Guyana.
South Korean contractor Samsung C&T has announced it will take over the work previously contracted out to failed construction company Forge Group at Roy Hill.
