Local IT business Empired has secured a $10 million conract to provide infrastructure managed services to an unnamed global oil and gas company, under a three-year term.
Gold prices turned higher after the Federal Reserve said the US economy is likely to be strong enough to support an interest rate increase by the end of 2015.
Shares in Sandfire Resources were firmer on news it had intersected a zone of sulphides at its Springfield project in the Bryah Basin mineral province.
Fortunis Resources has received positive news about its planned backdoor listing, while Basper and Aziana have had to make amendments to their proposals.
Local minerals explorer Helix Resources has offered a 50.1 per cent stake in its Joshua project in Chile to EPG Exploration Fund, in exchange for drilling services and about $3.9 million.
Local minerals explorer Kasbah Resources has received commitments for a $3 million capital raising, while also announcing a range of cost reductions including cutting executive pay, reducing staff and restructuring its board.
Saudi Arabia and Oman-focused copper-gold explorer Alara Resources has flagged the possibility of a scrip merger with an unnamed party, while also announcing the appointment of a new managing director.
Energy and resources companies can expect the pain to subside in the coming financial year, according to IBISWorld’s latest analysis of the industry, with oil and gas players in the best shape.
Perth-based IT firm Empired has won a contract to provide managed services to a Singapore-headquartered oil and gas company, in a deal worth $15 million.
Perth-based company director and accountant Marcus Michael, who worked with multiple mining and exploration companies, passed away last Thursday at the age of 48.
Chile-focused copper explorer Hot Chili has received firm commitments for an $8.1 million capital raising to fund ongoing work on its Productora project.
Arrium will investigate selling its iron ore and steel businesses to try and fix its balance sheet, as the debt-laden group announced new impairments that take this year's total to $1.6 billion.
Returns to Western Australia mining, engineering and technical services players operating offshore have been blunted by the falling commodities prices and sovereign risk.
Western Australia’s minerals exploration spending has reached its lowest level since the March quarter of 2007, according to the latest update from the Australian Bureau of Statistics.
The liquidation of mining services outfit C&G Group Industries has revealed links between the Western Australian operation’s director, Christopher Skelly, and a messy business collapse in Christchurch New Zealand.
As a big private company with a healthy balance sheet, BGC Contracting can afford to be strategic as the commodity cycle turns, according to CEO Greg Heylen.
Cost cutting can only take a business so far, and with tough times set to continue for mining services contractors, innovation and diversification have a big role to play. Click through to see more on our Mining Services feature.
Oil and gas company Citation Resources is seeking to diversify its business by acquiring an initial 40 per cent interest in an unlisted firm that converts rubber waste into clean fuels, for a cash and share package worth about $7 million.
Roy Hill Holdings, its business partners and project contractors, have set up a $10 million community foundation they say will offer a “unique” approach to delivering educational and cultural programs to Pilbara communities.
Oil prices have retreated after two days of gains as the International Energy Agency predicted that a recent surge in world crude demand was set to end.
Companies that have paid fringe benefit taxes as part of flying workers to remote locations may be able to recoup those costs, even retrospectively, following a landmark decision in the Federal Court.
Mining giants BHP Billiton and Rio Tinto have suffered credit rating downgrades but analysts say the move is unlikely to affect the company's ability to borrow.
Pacific Energy has won a contract to build, own and maintain a 14 megawatt power station at Saracen Mineral Holding’s Thunderbox gold project near Leinster for an undisclosed sum.
