Cooper Energy has pulled out of the offshore Seruway Production Sharing Contract located in North Sumatra, Indonesia incurring a $19.8 million write-off for the oil producer.
Phosphate Resources will shutdown its Christmas Island operations for more than six weeks over the the New Year due to a lack of demand from its Malaysian and Indonesia markets.
Speaking at Fortescue Metals Group's AGM this afternoon, the Perth-based mining company's chief executive, Andrew Forrest announced his company has enhanced long term contracts with its Chinese customers.
Apex Minerals has commenced commissioning of the plant and increased gold ore reserves at its cornerstone Wiluna mine, extending the projected life of the mine to four years.
Straits Resources is reviewing the viability of two if its copper mines, including the Whim Creek copper mine in WA, after a dramatic drop in the world copper price.
WOMEN in the resources sector are mystified why none of their number were called up for a new committee to advise state Mines and Petroleum Minister Norman Moore (pictured).The 12-man group consists m
ONCE the most energetic and successful married couple in global mining, Phil and Viv Snowden have re-emerged after 18 months with plans to take on a new industry - wine.
PERTH company AgritechSmart-Water has commissioned an economic review of its plans to use Wellington Dam as a major new source of water for the South West.
Perth-based explorer Bauxite Resources has signed an MOU with a Chinese group, aimed at establishing a 'farm-in' type arrangement for exploration at the company's Darling Range tenements for all minerals other than bauxite.
Latest figures from the Australian Bureau of Agricultural and Resource Economics show that capital spending on mining and energy projects has fallen from its peak levels, though WA still accounts for the majority share.
Resolute Mining has finalised details of its capital raising aiming to generate up to $72.5 million to complete the re-development and ramp up of the Syama gold project in Mali and maintain the company's other development activities.
Mineral Resources has forecast its profits in the FY2009 could potentially fall by 32 per cent following this financial year's profit growth of 133 per cent.
Western Australia's uranium players have jumped up in trading today after the state government yesterday lifted a ban on uranium mining, a move strongly backed by WA business lobby groups.
GME Resources has pulled back on the planned expenditure on its NiWest Nickel Laterite Project, resulting in a number of redundancies to senior staff members.
Bannerman Resources has appointed Len Jubber as its chief executive and secured a convertible note facility for up to $20 million with Resource Capital Funds.
Anvil Mining has blamed the sharp fall of copper prices, among other factors affecting the base metals mining sector generally, for poor third quarter results.
Redbank Mines has agreed to a $6 million funding package from Crawley Investments, the unlisted investment vehicle of mining identity, Michael Kiernan.
Mount Gibson Iron has reached an in principle agreement with the Dambimangari Native Title Group for exploration of the western region of Koolan Island, which has, to date, never been drilled.
URANIUM miner Paladin Energy says demand for the commodity, widely touted as a growth sector under the Liberal state government, remains extremely strong in the medium to long term.
