Mining services company Sedgman expects to sharply boost first-half profit and has pledged a special dividend for shareholders, as it seeks to fend off a takeover bid from construction giant CIMIC Group.
One of the state’s largest mining services companies has received a boost, with BGC Contracting securing a five-year contract extension worth $520 million at Cliffs Natural Resources' Koolyanobbing iron ore mine.
Mining giant Rio Tinto shipped 11 per cent more iron ore in 2015, helped by the expansion of its Pilbara infrastructure, but has narrowly fallen short of its full-year guidance of 340 million tonnes.
Clive Palmer's ailing nickel business doesn't currently have the cash to pay out sacked workers' entitlements and is behind in superannuation payments, their union says.
Western Australia’s highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.
Regis Resources’ return to good financial health has been confirmed with the declaration of an interim dividend, with the WA gold miner also today announcing changes to its management team.
Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company announced an aggressive cost reduction strategy that includes job cuts and a reduction in board size and remuneration.
Mining services firm Tempo Australia has won contract extensions with unnamed existing clients for construction, pre-commissioning and commissioning support services work, worth a combined $65 million for the year.
The battle for control of Aditya Birla Minerals has intensified, with bidder Metals X extending its $68 million takeover offer to late February while accusing the target of lacking transparency around expenses.
Mining giant BHP Billiton will write down the value of its onshore US oil and gas assets by more than 30 per cent as it factors in the slump in crude oil prices.
Gold has fallen sharply to a one-and-a-half-week low, pressured by a US Federal Reserve president's comments about potentially rethinking further rate hikes, triggering technical sell signals while
Local miner Pilbara Minerals is threatening legal action against its former joint venture partner after discovering problems with the plant at its Tabba Tabba tantalite project, which was completed in November.
Mining equipment supplier Emeco Holdings has announced a deterioration of its Canadian operations as a result of the depressed oil price, but still expects to lift underlying earnings from a weak FY15 result.
Northern Star Resources and Regis Resources have capped off a positive first half of the financial year for gold miners, with December quarter results released today.
Metals X has waived a minimum acceptance condition on its $68 million takeover bid for Aditya Birla Minerals after lifting its holding in the copper miner to 18.24 per cent, less than previously di
Mineral sands miner Base Resources has received a force majeure notice from one of its offtake partners, which will affect an $US11.6 million ilmenite sales agreement.
Australia's biggest iron ore miners are expected to slash dividends next month as the price of the steel-making commodity dropped to $US40 a tonne overnight.
Sundance Resources’ hopes of developing its Mbalam-Babeba iron ore project in Cameroon have been dragged out further, with delays to construction of port and rail infrastructure.
Mining services contractor Sedgman has told its shareholders to take no action towards CIMIC Group’s $153.1 million offer for all the shares it doesn’t already own in the business.
South Australian Senator Nick Xenophon has renewed his call for an inquiry into the cause of the dramatic recent fall in the iron ore price while in Perth today, as shares in the state’s biggest miners continued to fall.
Perth-based explorer Carbine Resources has signed an offtake agreement with a chemical and mineral supplier for copper sulphate from its $63 million Mount Morgan project.
Shares in embattled iron ore miner Gindalbie Metals plummeted this morning after the company said attempts to clarify funding arrangements with its joint venture partner had been met with silence.
The team behind Western Australian success story Aurora Oil & Gas has quietly completed a $24 million private placement, the first capital raising for their new oil and gas play, three months after acquiring their first assets in Portugal.
Elemental Minerals has negotiated an extra $US10 million in a proposal from a private equity group for an investment to assist the business advance its flagship Kola Sylvinite potash project.
Fortescue Metals Group has deepened its commitment to hockey, striking deals with the sport’s national body thought to be worth more than $1.7 million over the next five years.
