Mining

Indo Mines shares spiked on the ASX today after the explorer announced its cornerstone shareholder, Indonesia’s Rajawali Group, had agreed to kick in $50 million through a share placement.

Marengo Mining has announced it is pulling up its Perth stumps and shifting its headquarters to Canada.

NRW Holdings has confirmed a contract at BHP Billiton’s Port Hedland inner harbour expansion project has been “reduced”, but the engineering and contracting group is not expecting any hit to full-y

Tangiers Petroleum has announced a $5.8 million share placement to assess growth opportunities in Africa, including potential farm-in deals and acquisitions.

Newly installed Macmahon chief executive Ross Carroll says large scale rail projects will be off the agenda under his leadership as the company adapts to life after the resources boom.

Shares in Matsa Resources have spiked by more than 20 per cent, after neighbouring junior explorer Sirius Resources called a trading halt on its stock, pending release of an announcement on Tuesday

Apex Minerals shares have jumped after the gold miner announced it is seeking to raise nearly $11.4 million through a private placement and rights issue.

An electrical fault has caused a reduction in capacity at Newcrest's Lihir mine in Papua New Guinea.

Legislation to ensure James Price Point is the only site on the Kimberley coast where Browse Basin gas will be processed was introduced into state parliament yesterday.

Canadian miner B2Gold has swooped on Perth-based CGA Mining, offering the equivalent of $C3.18 ($3.13) per share in an all-scrip takeover bid worth around $C1.1 billion ($1.08 billion).

Ian Smith picked up a $2.2 million termination benefit when he stepped down as chief executive of gold miner Newcrest.

Fortescue Metals Group has settled a long-running dispute with Leucadia National Corporation, agreeing to terms to repay $US715 million in unsecured loan notes.

Focus Minerals’ is aiming to expand output to more 500,000 ounces of gold per year after one of China’s top gold producers, Shandong Mining, agreed to take a 51 per cent stake in the Perth-based mi

Alicanto Minerals has become the fifth Perth listing on the Australian Securities Exchange this financial year.

Privately-owned firms Thistle Fabrication and Primero Group, as well as Geraldton's Lenane Holdings, have won construction contracts for the Empire Oil & Gas-led Red Gully processing facility n

Exco Resources has accepted a sweetened takeover offer from Washington H Soul Pattinson worth about $95 million.

An energy conference in Darwin has heard conflicting accounts of whether Australia's tax system deters companies seeking to invest in Australian resources projects.

The mining industry has welcomed the strengthening of environmental conditions for the state's proposed first uranium mine after an independent review of appeals.

Energy giant ConocoPhillips coud become the second company, after Japan's Inpex, to transport gas from a field off the Western Australian coast to an LNG processing plant at Darwin.

Australia's economy has adjusted well to the impact of the mining boom - which is likely to continue to for some years, the Reserve Bank of Australia says.

France-based oil and gas engineering company Technip has won a €210 million ($262 million) works deal at Inpex’s Ichthys LNG project off the Western Australian coast.

Export earnings from resources and energy commodities are expected to fall this financial year as commodity prices ease, a federal government forecaster says.

BHP Billiton will freeze the salaries of its top executives as it continues to manage costs due to an uncertain global economic environment.

Ginadalbie Metals shares have jumped by more than 10 per cent after the Perth-based miner officially opened its dedicated port terminal for the Karara iron ore project in Geraldton this mornin

Federal Resources Minister Martin Ferguson has warned there may be more east coast mine closures as global commodity prices soften and mining royalties rise.

Two Leighton subsidiaries have won new contracts worth a total of $437 million.

Mining companies should pay to offset the damage their developments cause to the nation's coastal environment, the federal government says.

Thermal coal miner New Hope says it is reviewing the pace at which it is developing new projects because of falling coal prices and the strong Australian dollar.

Fortescue Metals Group has resolved its short-term funding problems after securing the backing of global banking groups Credit Suisse and JP Morgan for a new US$4.5 billion credit facility.

Brazilian authorities say they are fining US oil firm Chevron $US17.5 million ($A16.64 million), and likely will impose further penalties, over a major spill off Rio de Janeiro state last year.

Apex Minerals is set to go to market for more funds, with its Wiluna operation expected to become cash-flow positive next month as it ramps up production to between 12,000 and 13,000 ounces of gold