Nedlands-based investment manager Viburnum has acquired oil and gas diving contractor Cal Dive International Australia, in partnership with Houston company SCF Partners.
SPECIAL REPORT: Two years on, the surge in ASX backdoor listings shows little sign of slowing, helping innovative technology businesses in Perth, interstate and overseas to raise capital.
Gold miner Doray Minerals is seeking to double its workforce to support its Deflector project, after announcing it has secured $91.7 million in funds to bring the project into production.
Mining services group Bradken has decided against a merger with Chile's Magotteaux Group, preferring to focus on a restructuring program it says is largely complete.
Nedlands-based TFS Corporation has altered the accounting treatment of four managed investment schemes after its auditor proposed changes to align with new guidelines introduced in 2014.
Gold has risen as technical indicators and suggestions the US central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid US dollar strength and strong US economic data.
Sandalwood producer TFS Corporation entered a trading halt this morning, just before the scheduled release of its annual results, saying it was in discussions with its newly-appointed auditor.
The latest round of annual reports has revealed some highly unusual movements in chief executive remuneration, including at Monadelphous Group and Mineral Resources.
Shares in Atlas Iron surged on news it had lowered its cash costs in July by $11 per wet metric tonne, with the iron ore miner flagging more cash flow in August.
Macmahon Holdings has reported a net loss of $217.9 million for the financial year, on the back of impairments to its assets during what has been a tough time for contractors and mining services firms.
US oil prices have surged more than 10 per cent, climbing back above $US40 ($A56.25) a barrel after strong American economic growth data lifted confidence about the world's biggest economy and petroleum user.
Gold has eased, and is headed for its biggest weekly rout since March, as upbeat US growth and jobs data drive up stocks and the US dollar, though uncertainty over the timing of a Federal Reserve rate rise held losses in check.
Watpac Civil & Mining has been awarded $89.3 million in contracts in the gold mining and road infrastructure sectors, with the largest being with Chinese-owned company Hanking Gold Mining.
Local mining services companies Ausdrill, Emeco Holdings and Lycopodium have posted net losses for the financial year, with lower activity in the resources sector weighing on their pipelines of available work.
Gold prices slipped two per cent on Wednesday as the dollar gained and US stocks advanced, while investors kept a close eye on China's efforts to support its economy.
Iron ore miner BC Iron has fallen into the red with a net loss of $158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.
A senior Woodside Petroleum executive has urged Perth companies to be less secretive, saying recent deals it struck with local businesses had occurred only after learning of their world-class expertise by chance.
Kerry Stokes' Seven Group Holdings fears its earnings could fall 10 per cent in the year ahead, with trading conditions in the resources sector still challenging.
Mining giant BHP Billiton has posted a dramatic slide in annual profit on the back of plunging commodity prices, with chief executive Andrew Mackenzie flagging further cost cuts.
Local miner Metals X has announced a 9 per cent increase in net profit to $40.9 million for the 2015 financial year, on the back of higher revenue from gold sales.
Kibaran Resources has signed an agreement with German diversified group ThyssenKrupp for the sale of half of the graphite produced at its Epanko project in Tanzania.
Oil prices have sunk, with the US crude benchmark finishing below $US40 a barrel for the first time in six years on worries about China's weakening economy after an equities sell-off.
The future of BlueScope Steel's Port Kembla plant is on a knife edge after the steelmaker said it would cut at least 500 jobs to reduce costs in the face of cheaper imports.
UGL has shut down its engineering design business in Perth as part of the company’s response to the low volume of work in the resources sector and cost blowouts on some of its big projects.
Welshpool-based Maca has posted a slight fall in profit for the financial year but increased revenue by 1 per cent, despite it being a tough time for contractors and mining services companies in the current market.
