Perseus Mining shares have tanked in early trade after the miner said late yesterday that production from its Ghanaian gold operations would come in below its forecasts.
Federal Treasurer Wayne Swan says a falling Australian dollar should help the transition from mining investment to broader-based growth in the economy.
Gold, silver and platinum have slumped to multi-year lows as investors dump the precious metals on the belief that rising US interest rates and a cash crunch in China will limit demand.
The slowing of the mining boom and public sector cuts will lead to a dramatic drop in the number of new homes being built in parts of Australia, according to a new report.
The outlook for Aquila Resources' Queensland coal project appears gloomy with the company admitting it has revised its work plan and reduced the workforce.
Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.
Leighton Contractors has secured a $1.3 billion deal with Fortescue Metals Group for work at the Kings iron ore deposit, adding to a $1.5 billion deal Leighton signed last year at the neighbouring
Gold and silver futures have pulled higher as investors who wagered on lower prices cashed in gains on the previous day's slump, and as a rebound in physical purchases buoyed prices.
The lack-lustre equity market has resulted in International Goldfields failing to sell off its only Australian asset and settling for a farm-in agreement.
Continuing weakness in commodity markets and a failure to pay staff adequate superannuation will combine to take a $5 million chunk out of Matrix Composites & Engineering's expected earnings fo
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
Arafura Resources has formally cancelled an agreement to purchase an industrial site in Whyalla, South Australia as part of its cost-savings initiatives.
The parent company of Perth business Arccon has been placed into administration, just six days after veteran engineer Robert Wilde was elected as chairman.
Rialto Energy is seeking to raise up to $21 million to fund exploration and development work at its oil and gas acreage off the coast of Cote d'Ivoire.
Forge Group's newly acquired US-based subsidiary Taggart Global has been named preferred contractor for a $US221 million engineering and construction contract at the Vista coal project in Alberta,
Traditional owners have vowed to challenge the legal status of a new agreement between the state government and two companies seeking to exploit shale gas in the Canning Basin.
Shares in mining equipment supplier Emeco Holdings have fallen sharply today to a four-and-a-half year low after the company downgraded its profit forecast for the second time in two months.
When the Varanus Island gas explosion occurred in 2008, wiping out a third of Western Australia's gas supplies and causing $3 billion in damage to the state's economy, securing an alternative energ
Shale gas in the US contributed around $80 billion to its GDP and created more than 900,000 jobs, but a new financial analysis has shown developing Australia's vast shale gas resources will cost up
Engineering firms exposed to mining are going through a tough patch but prospects are much better for those like Technip and Clough in the oil & gas sector.
Gold miner Reed Resources has announced a series of operational setbacks at its recently opened Meeekatharra operation, triggering a slump in its share price to a new closing low of 3.7 cents.
