Shares in Fortescue Metals Group dropped by nearly 14 per cent today, on media speculation that the iron ore miner had asked its lenders to waive its debt covenants for the next 12 months.
LinQ Resources Fund has accepted an off-market takeover bid from Singapore-based investment house IMC Resources that values the target at around $80 million.
Energy Resources of Australia says the shelving of the Olympic Dam expansion and the high costs for Japan to dump nuclear power should see uranium prices rebound strongly.
Australia has been cemented as China's top market for business transactions, with 32 deals being done since 2011, worth a total of $US11 billion, research released today says.
Half of Western Australia's planned resources projects are teetering on the edge of oblivion, partly because of wage blow-outs, the state's former attorney-general Christian Porter warns.
Sirius Resources share price has risen a further 9 per cent this morning as the market responds to yet more positive news from the company's Nova nickel and copper discovery.
Premier Colin Barnett has defended the process behind the Environmental Protection Authority's (EPA) decision to recommend Woodside Petroleum's proposed $30 billion Kimberley gas hub.
Gina Rinehart's youngest daughter has been refused leave to seek to have her family's multimillion-dollar trust fund battle dealt with through mediation.
Beadell Resources has secured an additional $10 million in financing from Macquarie Bank as the company nears completion of construction of the processing plant at its Tucano gold mine in Brazil.
Wah Nam International is shrugging off the gloomy outlook for iron ore and pressing ahead with planning for development at its Marillana project in the Pilbara, targeting first production in 2016.
Shares in coal miner ZYL have jumped after it announced an $18 million financing arrangement for its Mbila and Kangwane Central projects in South Africa.
Iron ore and coal miner Aquila Resources has reported a net loss of $238,000 for the year ended June 30, down from a $3.1 million profit in financial year 2011.
BHP Billiton and Xstrata Coal have separately announced they will cut up to 900 coal mining jobs in response to falling commodity prices and the high Australian dollar.
The Australian Greens have proposed a five-year moratorium on coal seam gas developments so thorough research can be done to assess its impact on land and communities.
BC Iron managing director Mike Young has come out in support of Gina Rinehart and accused the federal government of twisting the Western Australian mining magnate's words.
Iron Road's cornerstone shareholder, The Sentient Group, has had to take up the lion's share of the company's $40 million entitlement issue, after existing retail shareholders subscribed for just 8
The value of Western Australia's listed companies was largely flat in August, despite growing concerns regarding the health of the energy and resources sector, new research says.
Gold miner Regis Resources is looking to consolidate on a solid financial 2012, after recording a $68 million net profit on the back of a 58 per cent spike in revenue from gold sales.
Shares in mineral sands miner Lynas Corporation have surged by more than 40 per cent after the rare earths miner was granted a temporary licence for its controversial rare earths refinery in Malays
NRW Holdings says Fortescue Metals Group's decision to defer $1.6 billion of capital expenditure in the Pilbara will result in a $100 million hit to its revenue.
Climate Change Minister Greg Combet has defended $5.5 billion in compensation being paid to the country's dirtiest power stations and dismissed a report that claims coal generators will actually be
The US Justice Department has has accused oil giant BP of "gross negligence and willful misconduct" in the massive 2010 Gulf of Mexico oil spill, court documents show.
