Mining

Modular construction group Fleetwood Corporation has reported a record net profit for the year ended June 30, despite a 13 per cent drop in full-year revenue.

Mining and construction contractor Macmahon Holdings has lodged a record net profit of $56.1 million for the year to June 30, on the back of a 49 per cent jump in revenue to $1.9 billion.

A legal challenge to a coal mine expansion in the NSW Hunter Valley is being hailed as a test case.

Gindalbie Metals has secured an additional $US250 million in financing required to complete construction of its Karara iron ore project in the Mid West.

Perth-based Volta Mining, headed by former DMC Mining founder and managing director David Sumich, is venturing into central West Africa with the acquisition of its first iron ore project.

BlueScope Steel expects its financial performance to improve in the year ahead after posting a $1.04 billion loss in the 12 months to June.The company had forecast the massive deficit.

The Department of Treasury has been told mining companies may be forced to use less experienced staff to proceed on a significant pipeline of construction in the sector.

Canadian-owned HNZ Australia has extended its long-running contract with Rio Tinto, purchasing three new helicopters to take marine pilots to the mining giant’s iron ore carriers at Dampier and Cap

Norfolk Group has won a $56 million contract to provide a radio-based rail signalling system for GE, at Fortescue Metals Group’s track duplication project between Port Hedland and the Christmas Cre

Mining contractor Byrnecut has boosted its work book, finalising a $350 million contract at the Kibali gold project in Africa to add to its recent win at St Barbara’s Gwalia Deeps mine, where its n

Oil and gas producer Santos has increased its underlying first half profit and maintained its full year production guidance.

Mining services group ADG Global Supply has reported a net profit of $1.75 million for the year ended June 30, the result of significant growth across its industrial products, global procurement an

Ivanhoe Australia plans to cut costs by almost $100 million and reduce spending by up to $74 million over the next two years as it tries to improve cash flow and look to joint ventures in volatile

Alumina Ltd has flagged an end to China's control over aluminium prices as it posts a $US14.6 million ($A13.95 million) half year loss.

Nickel miner Mincor Resources has bounced back into the black, lodging a net profit of $240,000 for the year ended June 30, despite a 19 per cent drop in nickel prices.

Global miner BHP Billiton has flagged potential job losses at some of its Australian operations as it reins in costs amid falling commodity prices.

Shares in Horseshoe Metals are skyrocketing after the junior explorer announced significant copper hits from drilling activities at the Horseshoe Lights project near Meekatharra.

The resources sector has welcomed a state government plan to establish a new mining rehabilitation fund, saying the move will free up significant funds at the beginning of the project development s

Paladin Energy stocks jumped on the ASX today, after the Perth-based uranium miner announced a six-year off-take contract with a major utility for ore from its African mining operations.

Premier Colin Barnett says he will do all he can to ensure Woodside's planned Browse gas hub remains at James Price Point in the Kimberley.

Engineering and construction company Forge Group has confirmed a significant jump in profits for the year to June 30, the firm’s fifth consecutive year of growth.

WESTERN Australia is rapidly emerging as a centre of excellence for mine automation, with resources demand for remote operated equipment spurred on by high wages costs, adherence to strict safety r

Venture Minerals has lined up $17 million in new capital to fund its Livingstone and Riley direct shipping iron ore projects in Tasmania to production, with magnate Dale Elphinstone’s private compa

Oz Minerals has lifted its first half profit to $119.5 million but warned its full year production could come in at the lower end of its forecast.

Southern Cross Goldfields is to take over Troy Resources’ Sandstone mine in a transaction tipped to kick-start the company’s Marda gold project.

The Australian Greens say Woodside Petroleum has heavily underestimated whale numbers off the Western Australian coast, near the site of its proposed $34 billion gas hub.

Four people face a total of six corruption charges over allegedly tampering with urine samples at a laboratory in the Pilbara in order to secure work in the resources sector.

Northern Star Resources boss Bill Beament has substantially boosted his stake in the company, through the cashless exercise of 6.5 million options in a deal worth nearly $5.6 million.

Decmil Group has bought out its joint venture partner Maroon Group Holdings at the Calliope accommodation village project in Queensland for $15 million.

Sirius Resources is capitalising on its recent Nova nickel discovery, launching a $7.6 million capital raising plan to fast track further exploratory drilling at the deposit.

International energy and services company Wood Group PSN has won a $10 million contract to construct computerised maintenance management systems for Royal Dutch Shell’s Prelude floating liquefied n

Gunson Resources has struck a deal to sell a 40 per cent interest in its Coburn zircon project to Korean steel producer POSCO for $28 million.