Mining services contractors have slashed thousands of jobs as the slowdown in the resources sector piles pressure on companies to cut costs after several years of growth.
The Australian dollar is lower as solid US economic growth figures raised expectations the Federal Reserve will scale back its asset purchases in the coming months.
US stocks have closed higher following an upgrade to US second-quarter economic growth and a shift in expectations away from an immediate military strike on Syria.
Sandalwood producer TFS Corporation has announced a record net profit after tax of $55.7 million for the year ended June 30 and appointed a new chairman.
The $10 billion Roy Hill project remains on track to start mining next year and achieve its first iron ore exports in the third quarter of 2015, its project director said today.
The Barnett government has scrapped funding for a small business training scheme as it seeks to rein in spending to preserve its modest budget surplus.
Opposition treasury spokesman Joe Hockey has defended the coalition's $31.6 billion of proposed savings, saying Labor's accusations that they don't add up are "dead wrong".
Information technology group Empired has paid its first dividend to investors, after reporting a solid lift in net profit over the past financial year.
Gold miner Troy Resources’ net profit has been smashed by lower gold and silver prices and lower grades at both of its producing mines, falling 41 per cent in the 2013 financial year.
Gold and nickel miner Independence Group says its major focus for the 2014 financial year will be its Tropicana joint venture with AngloGold Ashanti, after rebounding back to profitability with an
Mining investment should stay strong for the coming year, economists say.But they are still looking for a pick-up in investment in other parts of the economy.
Forge Group has shrugged off tightening conditions in the resources sector and is on the lookout for acquisitions after reporting a net profit jump of nearly 30 per cent on the back of a record revenue performance.
Mining services contractor Ausdrill is reviewing its cost structures and restricting its spending in the wake of a 20 per cent fall in net profit on the back of slowing conditions in Australia and
Several surveying firms have responded in one of two ways during the past year in response to slowing work opportunities in Western Australia – they have consolidated operations, or cast the net wi
Western Australia’s uranium explorers are in somewhat of a holding pattern as they wait for a significant lift in prices for the controversial commodity.
Mining industry pundits bemoaning the end of the ‘boom’ will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.