Mining

Downer EDI is the latest contractor to be awarded work at Hancock Prospecting's $10 billion Roy Hill iron ore project, as new reports suggest the project is close to securing its long-awaited debt financing.

Gold futures have drifted between slight gains and losses before closing fractionally higher as investors weigh a stronger euro against fading optimism over Federal Reserve Chairman nominee Janet Yellen's dovish stance.

Gold miner Silver Lake Resources has said it is not in a position to pay dividends, with volatile gold prices and the state government's minerals royalty review remaining as threats to its balance sheet.

Chris Bonwick has resigned effective immediately as the managing director of Independence Group due to ill health.

Tanami Gold has seen its share price plunge 34 per cent after announcing an $11.75 million entitlement offer underwritten by its largest shareholder, Allied Property Resources.

Octanex and Perth's Peak Oil and Gas are working towards a merger, with Melbourne-based Octanex underwriting a rights issue for of $1.94 million that will go towards working capital for Peak prior to the implementation of the deal.

Mermaid Marine says its trading performance will be weaker than expected with a number of key projects pushed back to the second half of the year.

Engineering and construction contractors Decmil Group and Calibre Group have both predicted a positive outlook after diversifying their businesses to cope with the mining services slowdown

Premier Colin Barnett has responded angrily after being asked if there was a link between Chevron's $64 million Elizabeth Quay land purchase and its bid to secure more ground on Barrow Island for the Gorgon gas project.

For the second consecutive year, Gina Rinehart has been named as a Visionary CEO at an awards ceremony run by consulting group McMillan Woods in Kuala Lumpur.

Oil prices have bounced back somewhat after the US benchmark contract reached a five-month low the previous day.

Oil and gas entrepreneur Peter Allchurch is set to become a major shareholder in Perth company TW Holdings after striking a deal to sell a Texas shale oil project to the listed company.

Swala Energy has announced a placement of 19.5 million shares to two investors, raising $4.4 million.

Bhagwan Marine has entered a new partnership with an eastern states-based software group to streamline management and maintenance of the oil and gas industry services company's fleet of 100 boats.

Treasurer Joe Hockey has introduced legislation to repeal Labor's mining tax and related measures that were supposed to be funded by the impost.

Fortescue Metals Group is continuing to accelerate its debt reduction by initiating repayment of nearly half of its $US2.04 billion in senior unsecured notes to its trustees that are due in 2015.

Perth-based Traka Resources has announced it has resolved to carry out a fundraising of up to $1.4 million for its ongoing West Musgraves copper and nickel project in central Western Australia.

Gold has extended its recent losses as automatic selling orders pushed prices deeper below $US1,300.

The judge presiding over the trial of Barminco co-founder Peter Bartlett and Ausdrill managing director Ron Sayers today ordered the jury to keep deliberating in a bid to reach a verdict.

The state government has finalised the acquisition of land at James Price Point for future gas projects, as the industry continues to focus on floating LNG developments, with the Scarborough project gaining environmental approval.

Seven Group says it will cut 630 positions across its Westrac business in a divisional restructure.

Perth-based Wolf Minerals announced a milestone in the environmental permitting process for its Hemerdon tungsten and tin project in Devon, south-west England.

Oil prices rose on Monday after marathon talks in Geneva aimed at persuading Iran to curb its disputed nuclear program ended without an agreement.

Forge Group says performance issues at two of its power station projects are likely to affect its earnings guidance, with the company extending a voluntary trading suspension as it holds discussions with financiers.

Explosives and chemicals supplier Orica expects higher profits in 2014 as key North American coal markets improve, and the company sells more sophisticated explosives and blasting systems.

West Perth-based gold explorer Golden Rim Resources has lined up $4 million in funding under an agreement with global financier RMB Resources as it looks towards completion of a bankable feasibility study at its Balogo project in Burkina Faso.

Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.

Gold futures have fallen to their lowest level in three weeks after a surprisingly strong US labour-market reading re-animated fears the Federal Reserve would soon curtail its bond purchases.

Perth companies Austal and Aquila Resources have bolstered their boards, with the recruitment of two prominent former executives.

Uranium hopeful Cameco has released an environmental review and management program for its Kintyre project in the east Pilbara.

Energy giant Chevron expects to start building a new Perth waterfront headquarters in three years time after the state government touted the oil and gas giant as the first major owner-occupier at Elizabeth Quay.

Gold has slumped toward $US1,300 after better-than-expected US economic data and an interest rate cut by the European Central Bank (ECB) bolstered the US dollar.