BHP Group has identified a new copper find near its Olympic Dam operations in South Australia, as speculation continues that Rio Tinto has also made a big copper discovery, in the Pilbara.
Oil prices have risen about three per cent, clawing back some of the previous session's steep losses, although gains where capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production.
Gold firmed overnight, supported by uncertainty over the future pace of US interest rate hikes and the outcome of the G20 summit later this week when global leaders will focus on trade tensions.
Resolute Mining has signed a joint development agreement with Africa-focused power developer Ignite Energy to set up a 40-megawatt hybrid solar, battery and fuel oil plant at its Syama gold mine in Mali.
The Australian share market suffered broad-based losses but it was the commodity-related stocks bleeding red which was the biggest drag on the indices.
WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources' Cataby mineral sands project, located approximately 150 kilometres north of Perth.
Mining and energy stocks have plunged more than two per cent each, bleeding red all over the Australian share market in a commodity-fuelled opening dive.
US stocks have closed lower in a shortened post-holiday trading session as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
Gold prices have slipped as investors banked on the safety of the dollar over worries about a slowdown in the global economy, exacerbated by a sharp decline in oil prices.
Oil prices have slumped up to nearly eight per cent to the lowest in more than a year, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.
The Thanksgiving holiday in the US led to a stagnant day of trading on the Australian share market, where banking and energy stocks recouped value and lifted the indices higher.
The Australian share market has edged lower during volatile early trade, dragged down by the miners and energy stocks but lifted by retailers and consumer stocks.
Oil prices dipped overnight after US inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.
The Australian share market has pushed off from the depths of recent lows and closed higher for the first time this week due to broad-based gains to the indices' major sectors.
Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.
Former ATCO Gas Australia president Pat Donovan has been announced as the new chief executive of the Water Corporation, replacing Sue Murphy after a 10-year tenure.
Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.
Oil prices rose about $US1 a barrel a barrel overnight, bouncing from the lowest levels in months, after US government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
The S&P 500 ended higher after a brutal two-day sell-off, led by a rebound in energy and technology shares, but the market faltered toward the session's end as Apple shares surrendered gains ahead of the Thanksgiving holiday.
Gold prices have risen to a two-week high as the dollar slipped, with uncertainty on the pace of interest rate hikes by the US Federal Reserve also supporting the metal.
A late rally from banking and health care helped lift the Australian share market off a near two-year low but commodity-related stocks and tech shares weighed heavily.
Bunbury telco CipherTel has won two more state government grants to provide high-quality broadband access to rural areas not adequately serviced by the National Broadband Network, this time in the Kimberley.
Perth-based Steve Willis has been appointed acting chief executive of Millennium Services Group after his predecessor, Craig Hanley, became the sixth director to leave the national security and cleaning company over the past two months.
