Fortescue Metals Group hopes that its calls for an inquiry into the iron ore market will generate enough public pressure to force rivals to rein in their expansion plans.
Mining junior RNI says a number of recent cost-cutting measures included staff redundancies and salary cuts across the board, as the company announced a $26.5 million recapitalisation plan to pay off debt.
Uranium miner Vimy Resources has received a $30 million financing package from a mining-focused private equity fund, to advance ongoing development of its flagship Mulga Rock project near Kalgoorlie.
West Perth-based Liquefied Natural Gas Ltd has tapped investors for a $174 million capital raising to fund ongoing development of its two North American LNG projects.
Gold's five-day rally ran out of steam on Tuesday as the dollar extended gains on strong US data, while global shares rose on the European Central Bank's suggestion it may speed up bond buying.
Blackham Resources has negotiated a $38.5 million funding package from a mining-focused investment firm to complete a feasibility and bring its Matilda gold project into production.
Aziana has received firm commitments from its two largest shareholders for a $4 million capital raising it is undertaking as part of its reverse takeover of US-based biotech firm BrainChip.
Perth-based Matrix Composites & Engineering has flagged a number of redundancies and a $2.6 million impairment as it battles falling demand for its services in the tough economic climate.
The board of gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough funding.
The war of words over a proposed parliamentary inquiry into the iron ore industry escalated today, with BHP Billiton saying it would send a "terrible signal" to Australia's trading partners, while the main supporter of an inquiry claimed he had been misrepresented.
Gold prices have reached a three-month high, rising for a fifth session as a run of soft US data supported expectations that the Federal Reserve will hold off raising interest rates for the time being.
BHP Billiton spin-off South32 has closed its first day of trade on the ASX valued at $10.91 billion, ranking it as Western Australia’s third largest company and a top 30 stock nationally.
The Environmental Protection Authority has recommended conditional approval for Flinders Mines to expand the scope of its proposed Pilbara iron ore project.
A wearable technology company founded by Perth entrepreneur Justin Miller and an Israeli medical cannabis company are the latest businesses planning to join the rush of backdoor listings on the ASX, though the news is not all positive with Voyager Global Group becoming the seventh company forced to cancel an announced deal in the past 18 months.
Poseidon Nickel says its Lake Johnston project could be up and running in just a few months, although at a higher cost following completion of a bankable feasibility study.
Gold prices have held near three-month highs on Friday as weak US consumer sentiment data weighed on the US dollar and further diminished expectations for a near-term rise in US interest rates.
The new chair of the University of Western Australia’s Energy and Minerals Institute says scientists and researchers need to deliver tangible results to their industry partners.
A report from consultants Wood Mackenzie to be released at today’s Australian Petroleum Production & Exploration Association conference predicts further delays to the start of production for the state’s new LNG projects, including Gorgon trains 2 and 3.
The state government has announced a $40 million package to reduce charges at the Utah Point bulk handling facility by up to $2.50 per tonne, in an effort to help junior miners continue to export iron ore.
Prime Minister Tony Abbott has declared support for an inquiry into the iron ore industry, providing a huge boost for the campaign being waged by Fortescue Metals Group chairman Andrew Forrest against his two biggest competitors.
Rio Tinto’s logo will soon be installed on the highest vantage point in Perth’s CBD, a move that suggests the mining giant intends to remain at its current office accommodation and not seek to anchor a new building.
Atlas Iron plans to resume production at its two closed iron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer-term viability.
Gold hit a three-month high on Thursday as the US dollar came under pressure following a new batch of mixed US data that pushed back expectations of when interest rates in the world's largest economy will rise.
The state government is aiming to collect up to $5 billion from a vastly expanded privatisation program that includes Fremantle Ports, the TAB, office buildings, residential land estates, Keystart loans, houses, plantations and power stations.
