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.
Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all-scrip deal valued at more than $11 billion.
Gold has eased back towards its lowest since mid-August as stock markets firmed and the US dollar steadied, and after US payrolls data failed to provide clarity on the timing of a Federal Reserve rate rise.
Local oil and gas company Antares Energy has sold its two remaining assets in the Permian Basin in Texas to an undisclosed private equity buyer, for about $US250 million ($A360 million).
A mine worker has died after a truck rolled over at Hanking Gold Mining’s Southern Cross project, while another was fatally injured at Newcrest Mining’s Cadia Valley operation in New South Wales.
Gold prices have fallen after US payrolls data failed to allay uncertainty over the prospect of a near-term interest rate rise from the Federal Reserve.
Dempsey Minerals has announced a change in direction with a proposed acquisition of a local unlisted oil explorer, in a deal valued at about $2.6 million.
Gold has fallen one per cent as the US dollar jumped versus the euro after the European Central Bank (ECB) cut inflation forecasts, while a US jobs report that could provide clues on the timing of a Federal Reserve rate rise remains in focus.
An independent expert’s report has put a minimum valuation on Phoenix Gold shares of 15.6 cents, well above the two competing takeover offers for the Kalgoorlie company.
Rio Tinto has mapped out a positive future for its expanding iron ore business, predicting more efficiency gains in the Pilbara, less competition from other producers and more growth in global demand.
Stakeholders in Sirius Resources have shown their support for the proposed acquisition by Independence Group, with three recommendations passing by an almost unanimous vote.
Oil prices have climbed in a modest rebound from a sharp sell-off after a mixed US petroleum report showed an increase in crude inventories and a decline in production.
Gold has eased as a rebound in stocks and the US dollar arrests a four-day rise, with uncertainty over the timing of a looming US rate rise limiting price moves ahead of key US non-farm payrolls data on Friday.
Minbos Resources has ended merger talks with its joint venture partner, Petril Projects, after the two companies were unable to agree on certain terms of the proposal.
A single worker en route to the Roy Hill mine site has been found to be in possession of cannabis, after police searching for illicit drugs visited a number of remote Pilbara worksites serviced by fly-in, fly-out workers.
The corporate watchdog says former Hanlong Mining managing director Hui Xiao has pleaded guilty to insider trading involving two Perth resources companies.
World oil prices have tumbled as poor manufacturing data in China, the world's largest energy consumer, hammered the outlook for demand and shook market confidence.
Gold has gained per cent as the US dollar and global equities dropped on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve's first interest rate rise in nearly a decade.
Perth-based Wolf Minerals has passed another milestone at its Hemerdon tungsten and tin project in Devon, in southern England, with the plant producing its first tungsten concentrate.
A UK-based institution has signed an agreement with TFS Corporation to invest in 208 hectares of new Indian sandalwood plantations in the Northern Territory, for an undisclosed sum.
Oil prices have surged as the US government lowered its domestic production estimate and OPEC said it was "ready to talk" to producers about multi-year low prices.
Gold has steadied, bouncing up from session lows as oil prices rallied and the US dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil.
The last day of the profit reporting season delivered a few surprises for Western Australia-based mining services companies, with NRW Holdings incurring a bigger-than-expected loss, VDM Group shrinking at a rapid rate, Swick Mining Services showing some promise, and Resource Development Group staying in the black.
