RNI shares leapt this morning on news that the company is selling its Grosvenor gold project to Metals X in a scrip deal that will help the company refocus on its copper assets.
US oil prices have dipped, snapping a two-day streak of gains after a top official with OPEC reiterated that the cartel has no plans to cut petroleum production.
Gold has fallen one per cent to a near five-and-a-half-year low as the US dollar rose after data showed that the US economy had improved in the second quarter, supporting views that the Federal Reserve would lift rates by year-end.
Engineering services contractor Wood Group Kenny Australia has been awarded a US$6 million contract for work on the Browse floating liquefied natural gas development.
BHP Billiton’s annual profit statement to be released next month could contain a pleasant surprise for shareholders, and a nasty surprise for Australia.
Encounter Resources shares dropped today after the announcement that Antofagasta Minerals Perth had withdrawn from the from its previous Yeneena copper project $US20 million farm-in agreement.
Gold has edged higher but remains near its recent five and a half year low, after a US Federal Reserve statement raised uncertainty about the timing of a possible interest rate hike, leaving the door open for September.
Shares in West Perth nickel miner Mincor Resources fell today with the announcement of its quarterly results, which reported a $1.51 million operating loss for the quarter and an unaudited $17.68 million profit for the year.
Fremantle-based marine services company MMA Offshore has announced that it expects to make a $120 million non-cash impairment for the 2015 financial year.
Programmed Maintenance Services says its performance in the first three months of the 2015-16 financial year reflects the major transition occurring in the economy.
US crude oil prices have risen for the first time in five days, while Brent has dropped amid worries about global supplies ahead of the weekly US petroleum inventories report.
Mining industry leaders are now more bullish than last year, according to research by Newport Consulting, but most are still not optimistic about their growth prospects going forward.
Gold has firmed but remains near five-and-a-half-year lows as markets brace for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase.
Shares in Perth-based African oil explorer Pura Vida Energy took a hit today, dropping more than 50 per cent after it advised that a key exploration well in Morocco had produced disappointing results.
West Perth-based miner Base Resources closed the day up 4.5 per cent to 11.5 cents a share after its quarterly report announced record sales volumes across all its products.
Mining boss Andrew Forrest says he's not particularly concerned about sagging Chinese equities markets, despite the slump sparking worries about growth in the world's second biggest economy.
Oil prices have slumped for a fourth straight day as the steepest drop in Chinese equities since 2007 fuelled fresh fears about reduced demand in the world's top energy consumer.
Spot gold has lost ground, moving closer to last week's five-and-a-half- year lows below $USUS1,100 per ounce, with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.
With science increasingly giving hydraulic stimulation, or ‘fracking’, the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
