Gold has edged higher, the day after it took its deepest dive in years and hit five-year lows, with many dealers bracing for more losses on expectations for a rise in US interest rates and subdued demand from India.
Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.
Otto Energy is seeking to participate in exploring for oil and gas in Alaska through a $US4 million ($A5.4 million) investment in Austrian company Borealis Petroleum.
Mining giant BHP Billiton has announced plans to construct a new eight-pen tug harbour at Hunt Point in Port Hedland, as well as purchase six additional tugs, for $US240 million ($A326 million).
KPMG has named the eight businesses it has selected to participate in its recently announced technology accelerator Energise, which will be held in Perth.
Gold prices have plunged more than four per cent to five-year lows as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years.
The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.
Kimberley Diamonds has announced that it is injecting $14.6 million into its Lerala diamond mine in Botswana, less than three weeks after it abruptly closed its Ellendale mine with its workers left out pocket.
Atlas Iron managing director David Flanagan has described the results of the iron ore miner’s capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $180 million target.
Company director and accountant Graham Anderson, who held positions with about 10 listed companies, has passed away after suffering a heart attack yesterday.
Mining services company Austin Engineering has launched a $31.6 million entitlement offer through broking firms Argonaut and Bell Potter, with the proceeds to be used to reduce debt.
Energy utility owner Duet Group is set to become a bigger player in the WA market, after announcing an agreed $1.4 billion takeover of remote power producer Energy Developments.
Local company Prairie Mining has raised $15 million from UK-based CD Capital for the development of its Lublin coal project, with the potential for the private equity fund to invest a further $68 million.
Perth-based GR Engineering Services has won a $22 million contract for enhancements to Western Areas’ Cosmic Boy processing facility at its Forrestania nickel mine.
Gold has fallen to a five-year low, pressured by a strong US dollar and expectations for a US interest rate rise this year, and as China buys less than expected over the past six years.
The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company’s independent expert.
RNI shareholders lodged a big protest today, with many voting against resolutions at a general meeting, which was held three days after the debt-laden gold company extended the timing of its $25 million entitlements offer for a second time.
Gold fell to an eight month low after the US Federal Reserve's reiteration that interest rates were likely to rise this year pushed the US dollar index to a seven week high.
Perth contractor Otoc has flagged a likely loss for the 2015 financial year after disclosing that impairment, restructuring and acquisition costs of about $10 million would outweigh its operating profit.
GR Engineering Services has been awarded another contract at Sirius Resources’ Nova nickel project, bringing the value of its workbook at the project to $126 million.
Australia is likely to emerge as the clear leader in global lithium production after Perth companies Neometals and Mineral Resources today announced an offtake and funding agreement with a Chinese producer for the planned Mt Marion mine.
Local miner Poseidon Nickel has put its Lake Johnston operation near Norseman on care and maintenance, reduced its staff and cut board member salaries as it awaits improvements in the nickel price.
