Mining

The federal government is calling for an investigation into whether Opposition Leader Tony Abbott misled parliament when he claimed to have read BHP Billiton statements about the scrapping of the O

MacPhersons Resources has raised an additional $4 million for exploration at its Nimbus silver project near Kalgoorlie, following on from securing an $8.6 million investment from USA-based RK Mine

Australia's mining boom is not over yet, with newly released capital expenditure figures showing there is a lot more investment to come.

Shares in Boart Longyear have dived by more than 30 per cent after the drilling major downgraded its full year earnings guidance.

Environmental groups have welcomed new rules for hydraulic fracturing, or 'fracking', introduced today by the state government, but have stopped short of throwing their full support behind the new

PMI Gold Corporation says it is set to make a final investment decision at its Obotan gold project in West Africa in the fourth quarter of 2012, after releasing a feasibility study today which put

Shares in Terranova Minerals shot up on the ASX today, after the Perth-based exploration company announced the acquisition of the 3 million ounce Manica gold project in Mozambique in a cash and scr

Perth-based gold play Strickland Resources is repositioning itself as a Brazil-focused exploration company, after announcing the acquisition of Orinoco Resources and launching a $2.7 million capita

Sumatra Copper & Gold has raised $3.78 million through a share placement, with Australian investment house Provident Capital Partners emerging as a cornerstone investor.

Foreign Minister Bob Carr says he's comfortable sharing a conference stage with a Congolese minister who has been probed by French authorities for alleged human rights abuses.

Panoramic Resources has lodged an $18.2 million loss for the 12 months to June 30, as the falling nickel price and tough market conditions combined with a fall in the value of the company’s investm

Mining services group Ausdrill has reported a record net profit of $112.2 million for the 12 months to June 30, a 53 per cent jump the company said was the result of its expanded service offering.

Australian oil and gas producer ROC Oil has continued its positive run, booking a $US28.6 million ($A27.69 million) net profit for the first half of the year.

Engineering firm WorleyParsons has posted an improved underlying full year profit despite the impact of uncertain economic conditions and the high Australian dollar.

Operations have resumed at Newcrest's flagship gold mine in Papua New Guinea after a dispute with local land owners was resolved.

Figures this week will shed some light on a much talked about question - the timing of the peak in the resources investment boom.

Ramelius Resources has lodged a $2.3 million profit, after revenue from gold sales slipped from $147.6 million in financial year 2011 to $84.1 million in FY2012.

Resolute Mining has announced a full year net profit of $105 million, up 76 per cent on the previous year.

Perseus Mining has announced its maiden profit, six months after beginning commercial production of gold from its Edikan operation in Ghana.

Australia's biggest gold miner Newcrest has suspended production at its Lihir mine in Papua New Guinea due to a dispute with land owners.

Shares in Seven Group Holdings have risen five per cent after the media and earthmoving-machinery company said strong activity in the resources sector was likely to continue.

Ausdrill has completed its acquisition of the Best Tractor Parts Group, announcing today it has agreed to pay $165 million for the earthmoving and tractor equipment retailer.

Caltex Australia has played down the strong turnaround for its refining business that it plans to partially close, after the company posted a big rise in profits.

National Australia Bank chief executive Cameron Clyne says talk of the resource boom being over is premature.

Swick Mining Services is targeting the Australia-Pacific region and North America for further growth, after lodging a significant jump in net profit for the 2012 financial year.

The administrators for collapsed miner Kagara have appointed PCF Capital to sell the company’s north Queensland assets, while Rothschild Australia will co-ordinate the sale of the Admiral Bay zinc-

Engineering group LogiCamms has delivered a 133 per cent jump in full-year profits, on the back of a 26 per cent spike in revenue.

Azumah Resources says it will make a final investment decision early next year at its Wa gold project in north west Ghana, after releasing a feasibility study and maiden reserve for the development

Atlas Iron expects the price of iron ore to increase over the next two months as China's demand for steel remains strong.

Shares in Sundance Resources have shot up by more than 11 per cent after it accepted a reduced takeover offer from China's Hanlong Mining.

BHP Billiton has sold its Yeelirrie uranium deposit near Wiluna to Canada's Cameco Corporation for $US430 million ($A414 million).

The mining boom - or at least investment in it - will peak in 2014, but the non-resources sector will then drive growth, a report has found.