Power generation company Pacific Energy has appointed James Cullen as its new chief executive, following Adam Boyd’s retirement from the role in March.
Gold prices have jumped two per cent, rising well above $US1,200 an ounce to a five-week high as US the dollar hit a three-month low after disappointing US employment data.
Global oil prices have dipped despite a much bigger-than-expected decline in US crude inventories, as a slowdown at refineries raised concerns about the strength of demand.
Struggling iron ore miner Gindalbie Metals has proposed to turn part of its Badja Station east of Geraldton into a national radioactive waste management facility.
Premier Colin Barnett has rejected calls for a parliamentary inquiry into the iron ore industry, despite repeating his criticism of the major producers.
Oil and gas explorer WHL Energy has secured a $US4 million ($A5 million) funding commitment from New York-based Magna Equities to continue prospecting its African tenements.
Andrew Forrest’s private vehicle, Minderoo Group, has subscribed for a majority of A1 Consolidated Gold’s recently announced $2.5 million convertible loan placement.
Former Wallaby player and experienced minerals executive John Welborn will take the helm of Perth-based gold company Resolute Mining when outgoing CEO Peter Sullivan steps down in late June.
Rio Tinto and BHP Billiton have highlighted their competitive advantage in the iron ore market, with BHP predicting further large reductions in its operating costs in the Pilbara and Rio detailing the big price discount Fortescue Metals Group has to accept for its products.
Explosives and chemicals manufacturer Orica has posted a 3 per cent dip in half-year profit to $211 million after being affected by reduced demand for its products in the mining sector.
Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.
Gold eased on Monday as the impact of a rebounding US dollar, bolstered by persistent concern about future Greek debt payments, outweighed US data supporting bets the Federal Reserve will not raise rates until late 2015.
The resources sector is undoubtedly going through challenging times, however, Perth has clearly established itself as a global centre for business expertise in mining and oil and gas.
Mungana Goldmines has told its shareholders to reject a 13.5 cents a share takeover offer from Auctus Chillagoe, an entity led by former Karara Mining boss Steve Murdoch, saying it undervalues the company and its assets.
The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.
Clean power company Enerji has revealed its first hybrid solar thermal power station will be housed at one of Northern Star’s mines, and future renewable energy projects with the gold miner are being considered.
Mining industry groups in Perth and Canberra have come out today in favour of free markets in the iron ore industry, after Fortescue Metals Group chairman Andrew Forrest criticised the actions of heavywights Rio Tinto and BHP Billiton.
Mines and Petroleum Minister Bill Marmion is confident the state is set for further long-term growth as an energy exporter and a hub for industry knowledge.
WA is poised to double its LNG production, but softer oil prices and global competition for capital mean there is much conjecture about the sector’s future. Click through to see more on our major oil and gas projects feature.
Gold edged higher on Friday, snapping two days of losses, as revisions to US payrolls data supported speculation that the Federal Reserve may hold off raising interest rates in the immediate future.
