BHP Billiton will push ahead with its $US1 billion ($A981.98 million) Eagle Ford petroleum expansion in Texas as it aims to boost worldwide production levels by eight per cent.
Australia's principal federal political leaders have rejected Gina Rinehart's suggestion local wages are too high and are holding back the nation's competitiveness.
Macmahon Holdings has become the latest WA-based engineering and construction contractor to say Fortescue Metals Group's deferall of expansion plans will have little to no effect on its bottom line
Chalice Gold Mines is cashed up and on the lookout for acquisitions after completing the sale of its Zara gold project in Eritrea to China's SFECO Group and the Eritrean National Mining Corporation
Shares in Fortescue Metals Group hit a three-year low today, despite the iron ore miner offloading the power station at its Solomon mine in the Pilbara for $US300 million ($A294 million).
The state government has a $7.5 billion black hole in pre-election commitments that it will find harder to plug because of falling iron ore royalties, the Labor opposition says.
Breakaway Resources has signed a joint venture agreement worth $8 million with Sandfire Resources, to explore the Altia base metals project in north-west Queensland.
Prime Minister Julia Gillard has urged the mining industry to recruit Australians willing to work on projects rather than bring in temporary skilled migrants.
Heavily indebted iron ore miner Fortescue Metals Group has deferred $1.6 billion of spending on its expansion projects and cut “several hundred” jobs in a dramatic reaction to the sharp plunge in i
Petrol prices appear to have topped out after rising sharply over the past few months to a 13-week high, and could ease a little further over the next couple of weeks, Commonwealth Securities says.
Hancock Prospecting chair Gina Rinehart caused a stir last week when she suggested the minimum wage be cut and called for people who are jealous of the wealthy to socialise less and work harder.
The Thai state-owned company responsible for the Montara oil spill off the coast of Western Australia three years ago has been fined $510,000 for its actions in relation to the disas
Neptune Marine has lodged a net loss of $39.9 million for the year ended June 30, after taking a goodwill impairment to the tune of $35 million following a review of the performance of its individu
Iron ore miner Grange Resources has become the latest miner to report it will be unaffected by the federal government's mineral resource rent tax, after reporting a solid net profit for the half ye
Takeover target and energy infrastructure investor Hastings Diversified Utilities Fund (HDF) says domestic demand for gas has softened, but long-term demand prospects are good.
Uranium miner Paladin Energy says it is looking forward to a year free of construction and commissioning activities after lodging a net loss of $US172.8 million for the 12 months to June 30.
Construction and contracting group VDM says it expects to build on positive momentum built in the second half of the 2012 financial year, after lodging an annual loss of $54.8 million.
Fabrication and construction company AusGroup says added to a string of contractors reporting strong profit growth on the back of resource sector construction projects.
Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
The federal government is calling for an investigation into whether Opposition Leader Tony Abbott misled parliament when he claimed to have read BHP Billiton statements about the scrapping of the O
MacPhersons Resources has raised an additional $4 million for exploration at its Nimbus silver project near Kalgoorlie, following on from securing an $8.6 million investment from USA-based RK Mine
