Steel and mining group Arrium has fallen further into the red as the high Australian dollar and weak construction markets cause a massive writedown on its assets.
The Australian Greens will push for another inquiry into the mining tax to try to work out why the big resource giants aren't paying as much as expected.
Gold has moved lower, with volumes easing as US markets closed for the President's Day holiday, while a lower euro and flat European shares also hurt investor interest.
Drilling fluids and services firm Imdex has reported a 27 per cent drop in half year net profit, a result it says reflects challenging market conditions in the minerals sector.
Struggling vanadium miner Atlantic has 45 business days to replenish an interest reserve account or reach agreement to reduce its minimum holding, after it breached a covenant on its $US335 million
Engineering and construction group Clough is tipping a bumper year ahead after announcing a 139 per cent increase in net profit for the half year to December 31.
Engineering, mining services and construction outfit Forge Group has exceeded its own expectations by delivering a 60 per cent increase in half-year net profit.
Australian-based miner Perseus is looking forward to improved earnings and production results after its first half profit more than doubled to $32.5 million.
Singapore-listed engineering contractors AusGroup and CivMec have achieved significant increases in half year profit, with both Perth-based companies reporting strong order books and consistent lev
Uranium miner Paladin Energy has reported a half year net loss of $US193.5 million, with a number of large write-downs and impairments souring a record half year combined production result.
Western Australians are most concerned about future energy needs, rising living costs and the state of the public health system, according to a survey released today.
Laing O'Rourke has announced a major contract win with construction and engineering group Bechtel at Chevron's Wheatstone liquefied natural gas project.
Global miner Rio Tinto says it will concentrate on operating low-cost mines and selling non-performing assets after posting a full year net loss of almost billion for 2012.
Cleveland Mining has secured $7 million in fresh funding to advance exploration and sampling programs at its Premier and Mara Rosa gold projects in central Brazil.
Mineral Resources has booked a 22 per cent drop in half year net profit, on the back of a slump in iron ore prices over the second quarter of financial year 2013.
The supermarket price wars seem far from over, with Wesfarmers chief Richard Goyder looking to increase Coles' sales and cut costs further after reporting a higher first-half profit today.
Chinese government-owned CITIC has taken a 13 per cent stake in Alumina for $452 million, sending shares in the smelter investor to their highest level in almost a year.
Engineering firm Downer EDI's first half profit has grown by 11 per cent and the company has maintained its expectation of improved underlying profit for the full year.
Northern Star Resources has booked a half year profit increase of 78 per cent, after increasing production capacity at its Paulsens gold mine to more than 100,000 ounces per year.
The mining industry has urged state and federal governments to tread with caution over implementing recommendations from a parliamentary inquiry into fly-in, fly-out work practices, saying some of
