Downer has terminated its contract with Spanish construction company Tecnicas Reunidas on the Burrup ammonium nitrate project, joining a string of contractors to be hit by contractual disputes on big projects over the past year.
Rob Cole has resigned as managing director of Adelaide-based Beach Energy, after taking leave to attend to family matters in Perth. His resignation comes just six months after commencing with Beach.
Saracen Mineral Holdings has announced development of the Thunderbox mine is ahead of schedule, while Kidman Resources achieved its first gold pour at the Burbanks mine.
Gold has eased back toward last week's one-month low as US retail sales data lifted the US dollar index, and as caution ahead of this week's Federal Reserve announcement on interest rates keeps buyers on the sidelines.
Local exploration firms Impact Minerals, Lucapa Diamond Company, and General Mining Corporation have taken in a combined $8.4 million from successful capital raisings.
Gold has turned slightly higher, clawing above the prior session's one-month low on uncertainty ahead of a Federal Reserve policy meeting that will be scrutinised for clarity on when the US central bank will raise interest rates.
World crude prices have extended their losses, pressured by persistent concerns about the global supply glut as OPEC lowered its demand growth forecast for next year.
Australia is a step closer to its first Aboriginal-owned and operated iron ore mine, after a deal sealed today between Fortescue Metals Group and Australian Aboriginal Mining Corporation.
Poseidon Nickel says it is considering a potential restart of operations at its mothballed Silver Swan mine, after plans to sell the asset to Tony Sage’s Caeneus Minerals for $2.7 million fell through.
Gold has fallen to a one-month low, heading for a third successive weekly loss, as uncertainty over the timing of the US Federal Reserve's first interest rate increase in nearly a decade weighed on appetite for the metal.
Perth security company Threat Protect Australia marked its listing on the ASX today with news it has completed due diligence on one of two planned acquisitions.
Gold miner Doray Minerals has painted a positive outlook for its expanding operations after reporting a small increase in underlying profit for the year to June 2015.
Woodside Petroleum’s ambitious play for Oil Search is a rare example of a Perth-based company being the bidder in a big takeover. Click through to see Business News’ listing and analysis of $1 billion-plus M&A deals in WA over the past 20 years.
Gold has risen from four-week lows as European stocks snapped a three-day run of gains, but traders remain cautious as they await fresh clues on the timing of a US rate rise.
The Australian Institute of Geoscientists has appealed to the federal government for the inclusion of the geoscientist profession on the list of jobs to which labour market testing applies under the 457 visa program.
Perth-based rare earths explorer Greenland Minerals and Energy will undertake a $6.1 million non-renounceable rights issue to fund ongoing work at its Kvanefield project.
Gold has fallen to a four-week low as stock markets strengthened and the US dollar firmed, though prices remained hemmed into a narrow range ahead of next week's Federal Reserve meeting.
Vanadium and uranium explorer Yellow Rock Resources has formed a new subsidiary with an unnamed local solar system installer to sell vanadium-based batteries in Australia.
Diversified miner Independence Group has slashed its workforce by 28 positions at its Long Operation in Kambalda, as it implements a number of cost-saving changes to its mining plan in response to the depressed nickel market.
The resource sector’s safety record has been brought into doubt after a contractor was crushed while working at a liquefied natural gas plant and hospitalised, but the incident was not recorded as a lost-time injury.
Struggling iron ore miner Pluton Resources has fallen back into the hands of receivers and managers, less than six months after the board regained control of the company, as part of a new structuring proposal.
Woodside Petroleum has spent the past 60 years focused on the development of its own projects in Australia, but in the space of one year, two major takeover deals collectively worth $15 billion look set to reshape the Perth-based energy giant.
