Mining

The Australian market has opened slightly higher despite falls in resources stocks.

UGL and Sedgeman have joined the growing list of engineering and mining services companies forced to slash costs in response to a slowdown in project work.

Perth-based gold explorer Red Mountain Mining is seeking to raise up to $2.8 million for drilling operations designed to increase the gold resource of its Batangas gold project in the Philippines.

Western Australian iron ore junior Crusader has announced a cost-cutting program aimed at reducing overheads in the wake of tougher market conditions.

Mining giant BHP Billiton has said that its exploration and capital expenditure for the 2014 financial year will decline significantly to approximately $18 billion as the company looks to reduce co

The shale gas industry doesn't stack up commercially and companies that have invested in the sector are following a herd mentality, Woodside managing director Peter Coleman said today.

It might be too early to crack the champagne but junior miners are certainly celebrating the weakening of the Australian dollar, which had lost its traditional connection with commodity prices and

Perth-based mining contractor Barminco has refinanced its existing debts through an issue of high-yield notes in the United States.

Perth-based explorer Bauxite Resources has announced it is buying back up to 10 per cent of its issued stock over a 12 month period.

Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment".

West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.

New Zealand's $NZ22-billion Superannuation Fund has pulled nearly $NZ2 million worth of investment out of Barrick Gold, the world's biggest gold miner citing its human rights and environmental reco

Junior mining stocks Orinoco Gold and Peak Resources have bolstered their coffers with capital raising that will raise a total of $6.1 million.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

The falling gold price is continuing to hit Western Australia's resources sector, with Saracen Minerals today joining a string of companies to cancel projects, slash costs and launch strategic revi

The resources industry is urging the federal government to tread carefully as it attempts to plug holes in its budget, due to be handed down early next week.

Mining contractor Swick Mining Services has won a drilling contract at US-based Freeport-McMoRan Copper & Gold's Grasberg mine in Indonesia.

Moly Mines shares have shot up on the ASX after the company announced it had signed a mine gate sale agreement with Mineral Resources worth up to $38 million for output from its Spinifex Ridge iron

There are even less inflation hurdles for the Reserve Bank of Australia (RBA) to cut the cash rate further, if need be.

Sumatra Copper & Gold is seeking to raise $20 million to put towards development at its flagship Tembang gold-silver project in Indonesia.

AusGroup subsidiary AGC Industiries has extended its fabrication contract for Chevron's Gorgon natural gas development by $13.6 million.

Woodside Petroleum has been voted the state's most attractive employer at this year's Randstad Awards, which also revealed that competitive salaries had become the most important factor for Western

Singapore-listed resources construction services firm AusGroup has made a key step towards listing on the ASX, signing a conditional agreement to acquire two Malaysian resort development companies

Continental Coal has completed an $8 million financing arrangement with South African mining company Village Main Reef.

Small to medium businesses looking to get involved in supplying the resources sector are being hampered by a lack of access to finance, new research shows.

Fortescue Metals Group is trying to boost its permanent Aboriginal workforce as the company moves from a construction phase into production.

Falling commodity prices and lower than expected Chinese gross domestic profit drove down the total market capitalisation of WA's listed companies by 2.6 per cent in April, combining with a weaker

Engineering and construction contractor Clough says it is breaking new ground in a joint venture with South Korea's Coens Energy, to provide commissioning services for onshore and offshore oil and

Workers at a Rio Tinto subsidiary in NSW are threatening industrial action to protect job security and protest against "anti-union proposals".

Gold miner Silver Lake Resources has settled a dispute with engineering contractor Pacer Corporation for works on the Tuckabianna gold project in the Murchison.

Avalon Minerals has announced it will purchase a copper-iron prospect in Sweden from Hannans Reward for $4 million.

Greater demand from miners and the New Zealand dairy industry has helped explosives and chemicals supplier Orica increase its profits by six per cent.