Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
The Australian share market shook off a negative start to finish higher on Tuesday as strength among the major banks outweighed weakness in the resources sector.
Resources giant BHP Billiton has signed a final agreement to pay $US3 million ($A3.4 million) to Otto Energy to withdraw from an oil and gas exploration joint venture in the Philippines.
Sandfire Resources says it remains on track to achieve full-year production guidance, despite posting softer results from its DeGrussa copper-gold mine in the December quarter.
Global management consultancy and technology firm Accenture is growing resources in Perth as it aims to win work with operators in the state’s mining and energy sector.
CO2 Group has sacked long-serving chief executive Andrew Grant as it pushes on with its bid to recast the business as an environmental services and aquaculture player.
West Texas Intermediate (WTI) crude has fallen from the highest closing price in two weeks amid slowing economic growth and weaker industrial output in China, the world's second-biggest oil consume
Royal Dutch Shell has announced it will sell its minority stake in Chevron's Wheatstone liquefied natural gas project and a related joint venture to the Kuwait Foreign Petroleum Exploration Company for $US1.13 billion.
Finbar Group has repositioned its stalled Port Hedland apartment project, announcing today that it has obtained ministerial approval to build more than 700 apartments in a 10-storey tower near the town centre.
Wolf Minerals has announced a substantial increase in capital and operating costs for its Hemerdon tungsten and tin project in England, which is now budgeted to cost $230 million to develop.
Blackham Resources shares are up 44 per cent after the minerals explorer agreed to pay $2 million for the Wiluna gold plant in Western Australia from the receivers of Apex Minerals.
SPECIAL REPORT: The past 12 months have been tough for WA’s corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
One of Asia’s largest real estate companies is looking to capture more of Perth’s business travel market with a rebranding of its central city serviced apartments.
Wesfarmers is set to acquire a coal development licence worth $70 million from Peabody Energy, in a purchase which the company says will boost its total coal reserves by about 29 per cent.
Paladin Energy managing director John Borshoff says the company's $US190 million sale of a minority stake in its Langer Heinrich mine vindicates a decision to walk away from sale negotiations last year.
Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
The Australian dollar has hit fresh three-and-a-half-year lows amid concerns over China's shadow banking sector and growing strength in the US economy.