Perth-based Volta Mining, headed by former DMC Mining founder and managing director David Sumich, is venturing into central West Africa with the acquisition of its first iron ore project.
BlueScope Steel expects its financial performance to improve in the year ahead after posting a $1.04 billion loss in the 12 months to June.The company had forecast the massive deficit.
US stocks racked up their sixth straight weekly gain on Friday, despite a thin diet of news and low market volume, with the Dow hitting its best level since the end of 2007 and the S&P 500 just
Australian shares have finished almost one per cent higher as investors continue to buy into local companies following better than expected earnings results this week.
Myer chief executive Bernie Brookes says the traditional big retailers will overcome their reluctance to adapt to the internet by becoming the top 10 shopping sites within five years.
Two issues stood out in the central bank's latest quarterly statement, apart from the usual warnings about Europe and China - productivity and the Australian dollar.
The Department of Treasury has been told mining companies may be forced to use less experienced staff to proceed on a significant pipeline of construction in the sector.
An appeal by a consortium of banks that were ordered to pay money to the liquidators of Bell Group has not only failed but backfired, with the likelihood they will have to pay double the original a
Shares in online movie company Quickflix have risen by more than four per cent on the back of the release of its new movie and TV streaming application for Samsung tablets.
Canadian-owned HNZ Australia has extended its long-running contract with Rio Tinto, purchasing three new helicopters to take marine pilots to the mining giant’s iron ore carriers at Dampier and Cap
The Australian dollar is higher on comments by German Chancellor Angela Merkel about the role of the European Central Bank (ECB) in the region's debt crisis.
Norfolk Group has won a $56 million contract to provide a radio-based rail signalling system for GE, at Fortescue Metals Group’s track duplication project between Port Hedland and the Christmas Cre
The owner of the Dampier to Bunbury natural gas pipeline has reported a sharp slump in after-tax profit despite solid growth in revenue from its major operating assets.
Mining contractor Byrnecut has boosted its work book, finalising a $350 million contract at the Kibali gold project in Africa to add to its recent win at St Barbara’s Gwalia Deeps mine, where its n
The Australian market has opened cautiously higher following gains from markets overnight and amid growing optimism that a eurozone break-up is less likely.
US stocks have put on solid gains after two flat days helped by fresh employment and housing data and German Chancellor Angela Merkel's supportive comments in Canada for the European Central Bank (
The Australian dollar is higher, trading in a tight range as the market awaits further economic data out of the US and more clues as to whether the US economy will get a helping hand.
Mining services group ADG Global Supply has reported a net profit of $1.75 million for the year ended June 30, the result of significant growth across its industrial products, global procurement an
Ivanhoe Australia plans to cut costs by almost $100 million and reduce spending by up to $74 million over the next two years as it tries to improve cash flow and look to joint ventures in volatile
Equity market operator ASX Ltd has reported a four per cent drop in annual net profit, blaming decreased investor activity arising from Europe's debt crisis.
Damning findings have been made against organisers of the 2011 Kimberley Ultramarathon which left runners suffering horrific burns after a bushfire swept through the race route.
Nickel miner Mincor Resources has bounced back into the black, lodging a net profit of $240,000 for the year ended June 30, despite a 19 per cent drop in nickel prices.
