Mining

Oil prices have rebounded as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

Gold prices have fallen as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the US dollar, and as investors remain wary over the metal's longer-term prospects.

Northern Star Resources and St Barbara have led mining industry support for research projects that link CSIRO and university scientists seeking ways to extend the life of existing gold mines, reveal new deposits and improve processing efficiency.

The value of Australian iron ore exports is expected to fall next year as strong growth in production volumes is offset by a slump in prices to a forecast $US52.10 per tonne in 2016.

Kimberley Diamonds is poised to launch a major restructure and capital raising to help shore up its business.

An investment company chaired by Perth businessman Farooq Khan has made an off-market $8 million cash bid for full ownership of Strike Resources, and may seek opportunities for the business outside the resources sector.

Perth-based explorer Auroch Minerals has sold its Mozambique gold assets to Xtract Resources for a cash and share package worth $US12.5 million ($A16.3million).

Oil prices have dropped in the US, joining other global markets in retreat on the looming threat of a Greek debt default.

Gold has firmed, as the prospect of a Greek debt default hit global shares, offsetting wariness among investors over the metal's longer-term outlook.

Domestic processing of lithium could provide a value-adding opportunity for an industry WA already dominates.

Embattled mining company Atlantic has announced the resignation of its chief executive, Daniel Harris.

Sadleirs Logistics, a subsidiary of Western Australia’s oldest family-owned business, has won a contract to supply mainland transport services to Chevron’s operations in the Pilbara for an undisclosed sum.

Oil and gas explorer New Standard Energy has freed itself of debt after selling its Cooper Basin and US assets to Sundance Energy in a deal valued at $24 million.

Plans by Emeco Holdings to diversify and accelerate its growth through M&A deals have come to naught, after the mining equipment supplier announced today its agreed takeover of Perth company RentCo and its merger discussions with Queensland competitor Orionstone had both been terminated.

Gold has closed little changed, after falling to a three-week low, on short-covering at the end of the week and caution ahead of crunch talks on Greece, while concerns over the longer-term outlook for the metal provides price pressure.

The state government has deferred the introduction of any cost-recovery fees for processing mining, exploration and prospecting applications.

Bradken has received a merger offer from the Chilean consortium providing a $70 million lifeline to the troubled mining services provider.

Former Gindalbie Metals managing director Tim Netscher is set to take the helm of gold miner St Barbara, when Colin Wise retires from the role as non-executive chairman next month.

Private equity group Auctus Chillagoe’s proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana’s major shareholders announcing their intention not to accept the offer.

The wave of backdoor listings on the ASX has delivered nearly $90 million of extra capital to the tech sector in Western Australia, but the trend hasn’t all been positive, research by Business News has found.

Renewable energy and battery storage products could shake up how things are done in WA’s resources sector.

Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.

Engineering and construction group Valmec has won several contracts with undisclosed clients, worth a combined $7.5 million.

Gold eased for the fifth straight session as traders awaited further news on Greece's negotiations with its creditors, while caution over the metal's longer-term outlook weighed on interest.

Oil prices have fallen as traders kept an eye on Greece's prolonged negotiations with creditors to avoid a debt default and possible exit from the eurozone.

More than 94 per cent of Atlas Iron shareholders have voted in favour of the company's proposed $180 million capital raising, which is designed to ensure its longer-term viability.

MMA Offshore has won a contract to supply its marine logistics and supply base services for Chevron’s operations in the north-west, in a deal worth $100 million.

Mining magnate Gina Rinehart wants employees at her Roy Hill iron ore project in Western Australia to accept pay cuts so job losses can be avoided.

Macmahon Holdings has sold its Mongolian operations to a private company for $US65 million ($A84m), following a long-standing payment dispute with its client at the project.

Gold prices fell for the fourth straight session to a two-week low as traders awaited news on Greece's negotiations with its international lenders to avoid default.

Oil prices have fallen as the weekly US industry report showed domestic output still high and commercial fuel inventories generous.

Chairman and managing director of Alcoa of Australia, Alan Cransberg has announced his retirement in September after 35 years at the company.