Mining

UGL will split its shrinking engineering business from its growing property arm to reflect the property division's greater global focus.

Mines Minister Bill Marmion says Toro Energy's acquisition of a uranium project in close proximity to its proposed yellowcake mine at Wiluna is a significant step forward for the sector.

Australia's largest gold miner, Newcrest Mining, has reported an annual net loss of $5.78 billion for the 12 months to June 30.

Metallurgical Corporation of China has been ordered by a Singapore-based arbitrator to place $80 million into an escrow account pending the determination of a dispute with Cape Lambert Resources ov

Gina Rinehart's Hancock Prospecting has invested $13.5 million in Perth-based oil and gas explorer Sun Resources.

Alcyone Resources has secured $7.4 million through a recent entitlements offer and shortfall placement, just scraping over the capital raising's minimum subscription level of $6 million.

Rio Tinto's profit for the first half of 2013 has fallen by 71 per cent to $US1.72 billion ($A1.92 billion).

Mitsubishi and Alcoa plan to support a $100 million funding package for Buru Energy, which the Perth company says will allow it to proceed with further drilling programs in the Canning Basin and de

Gold miner Newcrest will take a $6.2 billion hit to its bottom line from writedowns on its assets in the 2012/13 financial year.

Mining giant Rio Tinto will provide its subsidiary Turquoise Hill Resources with a $US600 million financing package to fund the continued development of the Oyu Tolgoi copper-gold mine in Mongolia.

Premier Colin Barnett says he hasn't given up pushing for the Woodside-led Browse gas project to be developed onshore in the Kimberley.

The government plans to take a big step back into the energy market with its gas sector proposal.

Galaxy Resources says it has received strong interest from institutional investors in a shortfall placement, after its entitlement offer fell massively short of its $47 million target.

Sundance Resources expects to sign up customers by the end of the year as it pins its hopes on producing iron ore in west Africa by 2017.

Global demand for resources will soar by up to 75 per cent over the next 15 years, but Australia is facing fiercer competition from rival nations, the head of BHP Billiton says.

Perth-based Mineral Engineering Technical Services has acquired A.A. Wilkie Consulting Engineers for an undisclosed sum.

The High Court has upheld Labor's controversial Minerals Resource Rent Tax, rejecting a challenge launched by miner Fortescue Metals Group.

The gold price is expected to improve over the long term thanks to strong demand in China and India, the World Gold Council says.

NRW Holdings has been given the green light by Gina Rinehart's Roy Hill Holdings to commence the full work program under a $67 million contract first announced in April.

The fun started early at the annual Diggers & Dealers forum in Kalgoorlie yesterday with delegates bravely predicting a higher gold price, to which the market responded by driving the gold pric

Andrew Forrest's Fortescue Metals Group has claimed a major milestone in its efforts to spark indigenous development, announcing a series of new contracts that double its deals with Aboriginal busi

Finders Resources has secured $14 million to put towards upgrading and restarting its copper processing plant on Indonesia's Wetar Island, as well as completing a feasibility study for the Wetar co

Pilbara-focused gold miner Millennium Minerals has reported good news in a gloomy industry with a maiden profit of just over $34 million for the first half of calendar 2013.

The world's third largest gold producer AngloGold Ashanti will bring its Tropicana mine into production ahead of schedule despite pushing ahead with an overall plan to cut costs by $US500 million.

Engineering company Downer EDI has recorded an 80 per cent increase in net profit but warns the next 12 months will be challenging.

Saracen Mineral Holdings has joined the long list of gold miners taking significant financial knocks, announcing today it expects to take a one-off hit of between $75 million and $80 million due to

Mineral sands miner Iluka Resources is expanding its operations to Sri Lanka, after being granted four exploration tenements and acquiring the Sri Lanka-based holder of an additional tenement.

Shares in Rox Resources have more than doubled in value after the Perth-based explorer reported spectacular drilling results at its Reward zinc project in the Northern Territory.

Privately-owned contractor Barber Drilling laid off all of its staff on Friday, after being hit by the slowdown in the iron ore sector.

Diversified miner Straits Resources has put its Mt Muro operation in Indonesia on care and maintenance and is seeking to sell the mine as soon as possible.

Northern Star Resources has confirmed another record profit despite taking a $10 million hit on the values of its tenements and other assets over the 2013 financial year.

Mining magnate Gina Rinehart has written to two of her children, making an offer which she hopes will bring their litigation to an end, a court has heard.