World oil prices have advanced on worries that political instability in Yemen could threaten key Middle Eastern petroleum producers, offsetting concerns about a growing US crude glut.
Gold has hit two-and-a-half-week highs, rising for the sixth straight session as upbeat German sentiment data helps drive the euro higher against the US dollar, and as expectations for an imminent US interest rate rise recedes.
West Perth-based gold explorer Mount Magnet South has announced plans to sell its Kirkalocka project in the Murchison region to Ozchina Enterprises for $1.7 million.
Perth-based minerals explorer Newera Resources will proceed with its proposed acquisition of Arena Exploration in order to own a substantial proportion of the Plomosas zinc project in Mexico, following the completion of due diligence.
The state government has opted not to change commodity royalties in this year’s budget at the expense of almost $180 million in previously booked revenue.
Engineering group UGL has been awarded a $120 million contract to provide plant services for the operational phase of Santos’s Curtis Island LNG facility in Queensland.
BC Iron has moved forward with its cost-cutting initiatives by awarding a $40 million contract to Viento Group to provide crushing and screening at its Warrigal hub, which forms part of the Nullagine joint venture.
Fortescue Metals Group has cited the finer points of the Australian Competition and Consumer Act to justify calls by its chairman Andrew Forrest for Australia's biggest iron ore miners to cap production in order to lift prices.
Gold have risen to a two-and-a-half-week high, lifting for the fifth straight session on growing expectations that a US interest rate increase could be pushed to September.
China-based Citic Group has posted a big slide in full-year profit to $HK39.8 billion ($6.5 billion) for 2014, on the back of a $2.2 billion impairment charge on its Sino Iron project in the Pilbara.
Rio Tinto and Alcoa of Australia have struck an agreement with the state government to terminate a bauxite mining joint venture on the Mitchell Plateau in WA's far north, paving the way for the area to be included in a new national park.
Fortescue Metals Group may have to sell a stake in its iron ore mines or rail infrastructure as it looks to pay down debt after abandoning a $US2.5 billion refinancing.
Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through a scrip deal valued at about $18 million.
The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.
Gold has firmed for the fourth straight session to its highest in more than two weeks, as the US dollar extends losses and expectations rise that the Federal Reserve will hold off until at least September to raise interest rates.
Windward Resources has taken advantage of a recent spike in its share price to raise $6 million to fund exploration at its Fraser Range nickel-copper projects.
One year after buying the Thunderbox operations from Norilsk Nickel, Saracen Mineral Holdings has announced plans to develop an open pit gold mine that will double its production to about 300,000 ounces per annum by the 2017 financial year.
Peak Resources has appointed engineering firm Amec Foster Wheeler for its Ngualla rare earth project in Tanzania after locking in a $5 million interim loan.
Blue chip mineral sands miner Iluka Resources and small biotech Sun Biomedical are as different as chalk and cheese; but what they share, apart from a Perth base, is a willingness to invest in Western Australia’s emerging technology ‘accelerator’ programs.
Orica director and former BHP Billiton executive Alberto Calderon has been appointed interim CEO at the explosives maker in the wake of the sudden exit of Ian Smith.
The Environmental Protection Authority has recommended strict conditional approval of Sinosteel Midwest Corporation’s proposal for exploration drilling at its Blue Hills Mungada East hematite project.
Unions claim to have played a major role in ensuring an increase in the number of Western Australia-based workers building a 900-kilometre pipeline for Ichthys liquefied natural gas project off Darwin.
Multinational oil and gas service providers have set up in WA for the long haul, as the state searches for the best way to enhance its competitive advantage.
Software company Stochastic Simulation has joined a growing list of Western Australian businesses kicking goals globally in oil and gas technology development, as local providers increasingly target opportunities offshore.
