Alcoa lost $US178 million in the first quarter as revenue fell on lower aluminium prices, but profit beat expectations after excluding charges to idle capacity at aluminum smelters and mills.
Federal Industry Minister Ian Macfarlane today launched a new centre dedicated to research in the resources sector, but was coy on whether Canberra would support a similar body that Woodside has been pushing for the oil and gas sector.
Heron Resources says it can dramatically reduce capital costs at its Kalgoorlie nickel project by pursuing a smaller-scale plant option, describing the results of a scoping study as a step-change improvement in the economics of the project.
Perth-based explorer Kin Mining has agreed to purchase the Leonora gold project in the Goldfields from the administrators of Navigator Resources for $2.7 million.
Shares in Perth-based explorer Tawana Resources are trading lower after the company announced it has raised $5 million through a discounted share placement.
Global oil prices have fallen after rebels agreed to reopen two of the four blockaded oil-export terminals in eastern Libya, suggesting the country's blockaded supplies might come back on the market.
Gas industry leaders lined up today to call for more supportive government policies on workplace relations, taxation and skilled migration, saying these changes were crucial if the sector was to maximise growth opportunities.
Premier Colin Barnett has launched a blunt attack on the gas industry, saying it doesn't understand Australia, had left his government swinging “high and dry” and needed to do more for the domestic market.
Global engineering and construction group Kentz has been awarded a $US570 million contract for electrical and instrumentation works at the Inpex-operated Ichthys liquefied natural gas project.
Jacka Resources has launched a $3.9 million capital raising and will review its operations and restructure its board in a bid to cut costs following Tangiers Petroleum's failed takeover of the company.
Dozens of workers face having their cars and houses confiscated for failing to pay thousands of dollars in fines for a 2008 strike at Woodside Petroleum's Pluto project that was ruled unlawful.
Centaurus Metals has raised $5 million for early-stage works at its Jambreiro iron ore project in Brazil while it finalises a debt funding package for the development.
Global oil prices have rebounded from earlier losses as dealers grew sceptical Libyan rebels were close to a deal on lifting blockades that would boost the country's oil production.Oil rebounds on hazy prospects for Libya
BHP Billiton's divestment of its West Musgrave nickel project to Cassini Resources has had a dramatic and valuable impact on the junior miner's share price.
Oil prices have reversed an early drop and ended with modest losses, with tensions over Ukraine and a fall in US stockpiles offsetting selling pressure.
IMX Resources has underlined its focus on its South Australian iron ore assets, moving its corporate head office from West Perth to Adelaide and appointing a new Adelaide-based managing director.
Fortescue Metals Group has taken control of ore processing and train load out facilities at its Solomon Hub project previously managed by Leighton Contractors.
Resource Equipment has announced plans to raise up to $8.8 million through a share placement to a consortium of investors with experience in the equipment rental and water management industries.
Gold futures have fallen to a seven-week low as signs of stronger US economic activity and subsiding tensions in Eastern Europe sap investor interest in the haven asset.
Shares in West Perth-based junior Horseshoe Metals have soared after the company outlined plans to raise $2 million through a placement and rights issue in a deal with investor Michael Fotios.
Southern Cross Electrical Engineering has forecast a big fall in net profit for the 2014 financial year, with intense competition for contracts squeezing its margins.
Alinta Energy has awarded engineering group UGL a $136 million contract to design and construct a high voltage power system which will supply electricity to the massive Roy Hill iron ore mine.
Empire Oil & Gas has appointed an independent chief executive to lead the business following a board overhaul last year which claimed the scalps of each of its former directors.
Shares in West Perth-based gold miner Millennium Minerals have soared after the company reported a maiden net profit following its first year of commercial production.
