Mining

Mining contractor MACA has strengthened its balance sheet through a $56 million share placement priced at $2.50 per share, which is slightly below recent highs but above the price at which it had b

Mermaid Marine has booked an 18 per cent jump in interim net profit, on the back of strong demand for the company’s vessel, supply base and slipway services from ofshore oil & gas projects in t

Neptune Marine has won a $6 million contract with Eni at the Blacktip gas field, 110 kilometres off the north coast in the Timor Sea.

Contractor NRW Holdings has reported a solid increase in half-year profit but signalled a slowdown in its business, particularly its contract mining division, in the second half of the year.

Alumina's full year net losses have blown out and the troubled aluminium producer is bracing itself for more uncertainty ahead.

Mining on the moon may move from science fiction to reality faster than most people think and Australia can play its part, a lawyer says.

Engineering and construction group Ausenco has forecast further growth in 2013 after reporting a full year net profit of $41.4 million, a 57 per cent jump on the previous year.

Atlas Iron will book a non-cash impairment of $258 million following a review of some of its exploration projects, but says its development plans are unchanged.

Iron ore miner Fortescue Metals has rejected suggestions that it is vulnerable because Chinese steel use is waning, saying that country's urbanisation had more than another 20 years to run.

Transport and logistics group Toll Holdings has lifted its first half profit by more than 20 per cent and expects stronger earnings for the rest of the year.

Shares in Woodside Petroleum have hit an 18-month high as the group delivered higher esarnings from its Australian oil and gas assets and outlined plans to invest in two overseas projects.

Mount Gibson Iron says the sharp drop in iron ore prices last year that forced it to strip out costs means it is well positioned now that the market has recovered.

Civil and mining contracting firm Brierty has reported a significant lift in net profit to lodge a third consecutive record half-year result.

The Australian Greens have accused Labor of putting the interests of big miners ahead of the national interest and the environment.

Engineering and construction firm Decmil Group has lodged a net profit increase of 79 per cent for the half year ended December 31, shrugging off a slowdown across some of its operations.

Transportable housing manufacturer Fleetwood has confirmed an 81 per cent fall in half year net profit.

One of Australia's biggest unions is to campaign for a national domestic gas reserve to make energy cheaper, boost manufacturing jobs and produce cleaner energy.

Engineering services company Calibre has lifted its first half profit by 12.3 per cent due on the back of continued new contract success. 

Macmahon Holdings has rejected the latest takeover offer from Indian-owned firm Sembawang Australia, saying it was incapable of being practically implemented.

Shares in Transfield Services have dived by more than six per cent after it warned it would have to make up to $285 million in asset writedowns.

Steel and mining group Arrium has fallen further into the red as the high Australian dollar and weak construction markets cause a massive writedown on its assets.

Shares in engineering construction firm Monadelphous have tumbled despite the group posting a record first half profit.

The Australian Greens will push for another inquiry into the mining tax to try to work out why the big resource giants aren't paying as much as expected.

 Gold has moved lower, with volumes easing as US markets closed for the President's Day holiday, while a lower euro and flat European shares also hurt investor interest.

Drilling fluids and services firm Imdex has reported a 27 per cent drop in half year net profit, a result it says reflects challenging market conditions in the minerals sector.

Struggling vanadium miner Atlantic has 45 business days to replenish an interest reserve account or reach agreement to reduce its minimum holding, after it breached a covenant on its $US335 million

Engineering and construction group Clough is tipping a bumper year ahead after announcing a 139 per cent increase in net profit for the half year to December 31.

Engineering, mining services and construction outfit Forge Group has exceeded its own expectations by delivering a 60 per cent increase in half-year net profit.

 Drilling company Boart Longyear has appointed Richard O'Brien, the outgoing boss of gold producer Newmont Mining, as its new chief executive.

The Reserve Bank of Australia says the mining investment boom will peak sooner and at a lower level than previously expected.

Australian-based miner Perseus is looking forward to improved earnings and production results after its first half profit more than doubled to $32.5 million.