Mining

Former CITIC Pacific Mining chairman Dongyi Hua has paid $15 million to take a controlling 40 per cent stake in struggling engineering and construction contractor VDM Group.

Car manufacturers and LNG producers have a lot more in common that may first appear to be the case.

Oz Minerals has told frustrated shareholders that its near record low share price has no effect on the company's higher underlying value.

The nation's mining equipment, technology and services (METS) sector generates more than $90 billion in revenue and contributes 6.4 per cent to the Australian economy each year, new research says.

Wesfarmers chief executive Richard Goyder is hopeful the conglomerate will seek out new acquisitions offshore in the years ahead.

Troubled gold miner KalNorth Gold Mines has undertaken a shakeup of operations at its Lindsay's gold mine in an effort to lower costs.

Peel Mining aims to raise $5.1 million through a share placement priced at 49 cents per share to new and existing institutional investors.

Conveyer belt manufacturer Fenner Dunlop Australia has announced a $25 million expansion of its production facility in Kwinana.

Contracting groups Kiewit Australia, Ertech and ATCO have shared in more than $400 million of new contracts at Chevron's $29 billion Wheatstone liquefied natural gas project.

Brazil-focused iron ore miner Centaurus Metals has pushed back the commissioning date for its Jambreiro project to mid-2014, instead of by the end of this year, because of changes in the nature of

Australia would miss out on a once-in-a-generation liquefied natural gas boom unless it reduced costs by up to 30 per cent, says a new report.

The head of global energy giant Shell says rising costs are a challenge for doing business in Australia.

Excessive wage demands are threatening major energy projects in Australia, a federal Labor minister says.

Australia faces a hiatus in new liquefied natural gas (LNG) projects as buyers switch their focus to the United States.

Australia's oil and gas industry has defended its contribution to the economy, saying it will deliver $13 billion a year in taxes by the end of the decade.

Base metals exploration company Classic Minerals has become the 25th Western Australian company to list on the ASX this financial year.

Balamara Resources announced today that it would undertake a renounceable rights issue next month in an effort to raise $5.26 million working capital.

KBL Mining today announced a sweeping recast of its corporate strategy that may see the company looking to sell part of its Sorby Hills lead-zinc-silver project, located in the northeast Kimberley

Both major Western Australian political parties fear Shell's Prelude floating liquefied natural gas (LNG) project will trigger a departure from onshore processing, slashing state royalties an

Gold futures have snapped to a one-week high as a slump in global equities markets and the US dollar drew investors in search of a refuge to the precious metal.

ASX-listed oil and gas companies currently report their reserves and resources in 33 different ways, research by Perth-based consulting group RISC Advisory has found.

It takes a special kind of wealth to lose more than $7 billion in a year and still top a list of the nation's richest people.

Global gold mining giant AngloGold Ashanti has announced changes to its executive leadership team that will see Rob Largent responsible for the company's Australian operations.

Crest Minerals is seeking to raise $2.2 million through a non-renounceable rights issue to help progress the company's Majestic North gold project.

The new head of Rio Tinto's global iron ore business has restructured his Perth based management team, with the former head of the Pilbara operations leaving his role.

Nedbank Capital has withdrawn from Perth-based Tiger Resources' $US80million debt financing facility for its Kipoi copper project in the Democratic Republic of Congo.

Copper-gold producer Sandfire Resources has appointed former Fortescue Metals Group operations director Paul Hallam as a non-executive director.

Shares in Perth-based Mutiny Gold have lifted after a new study doubled the strike length of its Deflector site in the Murchison region.

Drilling services company Boart Longyear has released its third earnings downgrade in nine months, saying demand for its services has continued to weaken because mining companies are scaling back o

Almost $141 million has been wiped from the value of diversified contractor Transfield Services as cost cutting in the mining sector hit its earnings outlook.

Look carefully through the gloom of a sputtering local economy, mine closures, ballooning state debt and rising unemployment and you might catch a glimpse of the first signs of next year's recovery

Chinese-backed miner Norton Gold Fields has opened its $40 million Enterprise base-load mine on the outskirts of Kalgoorlie.