Redundant workers from ailing sectors such as manufacturing are being targeted for work in the resources sector, Minister for Employment Participation Kate Ellis says.
US stocks fell sharply Tuesday on growing concerns about Europe's sovereign debt crisis, soft corporate earnings at home and a weak manufacturing report.
Kingsgate Consolidated's chief executive says he cannot offer an explanation as to why the price of gold has plunged but it may have something to do with derivatives.
The Australian dollar is slightly lower, but is on the way up following upbeat comments on the Australian economy by the central bank governor and better than expected Chinese economic data.
The Australian sharemarket closed slightly higher, in a major turnaround from the day before, as cautious investors were encouraged by better Chinese manufacturing data.
BC Iron shares gained almost nine per cent after the junior iron ore producer said it expects to export five million tonnes of ore in fiscal 2013 after meeting its full year production targets ahea
Canada-focused explorer Atrum Coal shares have commenced trading on the ASX, after the company completed raised $9.1 million through its initial public offering.
Australia was in a good position to avoid the global financial crisis and should continue to use its "lucky" position to shield against further economic shocks, the central bank governor says.
Aspiring iron ore miner Cazaly Resources has announced agreements with engineering company Engenium and the Esperance port authority, which it hopes will provide short-term and long-term infrastruc
Funds for the National Disability Insurance Scheme should not be consumed by unnecessary bureaucracy, the state government has warned its federal counterparts.
Ausdrill has announced its largest-ever contract win, with its African mining services subsidiary securing a $US540 million deal at Resolute Mining’s Syama gold operation in west Africa.
Spain and Germany combined last night to refresh the chilling warning from Nouriel Roubini that the world is heading into a perfect economic storm, though there are also signs that the storm might
Shares in troubled surfwear retailer Billabong have surged by more than 20 per cent after it received a second takeover offer from US private equity firm TPG.
Beleaguered miner Mirabela Nickel has axed hundreds of jobs in Brazil as it continues cutting costs at its Santa Rita operations while the nickel price languishes at depressed levels.
Australia's economic growth should stay around current levels until 2017, but there's a risk the nation will become even more sensitive to commodity price swings than it is now, a report warns.
US stocks have skidded amid a global sell-off on renewed eurozone sovereign debt concerns that Spain was headed for a bailout and Greece could exit the eurozone.
The Australian dollar has fallen one US cent and the euro has hit a record two-year low against the US dollar amid renewed fears about the European government debt crisis.
Integra Mining says it is on the lookout for potential acquisitions after securing a $20 million finance facility for its Randalls Gold project in the eastern Goldfields.
