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.
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.
