Drilling services company Boart Longyear has released its third earnings downgrade in nine months, saying demand for its services has continued to weaken because mining companies are scaling back o
Almost $141 million has been wiped from the value of diversified contractor Transfield Services as cost cutting in the mining sector hit its earnings outlook.
Look carefully through the gloom of a sputtering local economy, mine closures, ballooning state debt and rising unemployment and you might catch a glimpse of the first signs of next year’s recovery
Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.
Shares in Santos closed 1.6 per cent higher after the company said oil production started ahead of schedule at its $490 million Fletcher Finucane project off the West Australian coast.
Construction giant Leighton Holdings says it's not concerned about the recent woes of mining services companies due to its diverse business interests and cyclical nature of the industry.
Australia's richest woman, Gina Rinehart, has drawn criticism from Prime Minister Julia Gillard after saying Australia would face the same problems as Greece if support for the mining industry was
Shares in engineering giant WorleyParsons plunged to four-year lows after it blamed a slowdown in Western Australia's mining industry for a profit downgrade.
The proposed Anketell Point port project in the Pilbara, which is unlikely to proceed for the foreseeable future, has been approved by federal Environment Minister Tony Burke, subject to 45 strict
Research consultants Wood Mackenzie have predicted that investment across Australia’s resource sector will be at record levels over the next three years.
The shale gas industry doesn’t stack up commercially and companies that have invested in the sector are following a herd mentality, Woodside managing director Peter Coleman said today.
It might be too early to crack the champagne but junior miners are certainly celebrating the weakening of the Australian dollar, which had lost its traditional connection with commodity prices and
Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment".
West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.
New Zealand's $NZ22-billion Superannuation Fund has pulled nearly $NZ2 million worth of investment out of Barrick Gold, the world's biggest gold miner citing its human rights and environmental reco
The federal opposition doubts new revenue projections for Labor's mining tax, after an independent body said it would raise just $800 million in its first year.