Mining

Andrew Forrest's iron ore miner Fortescue Metals says it has nothing to hide when it comes to paying tax.

Oil prices have edged higher from the prior day's nose-dive in a volatile market with some analysts citing signs of a potential demand pick-up.

BC Iron has vowed to make deeper cost cuts as it scrambles to stay abreast of falling iron ore prices.

Perth will play host to chief executives from seven of the world’s biggest energy and engineering companies during the LNG18 conference, to be held in April next year.

Perth-based gold miner Minera Gold has raised $US1.55 million ($A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief executive.

Metals X has issued a stern warning to Tanami Gold claiming it would be financially unwise to accept Northern Star Resources' bid for the Central Tanami gold project over its own proposal.

Global aluminium giant Alcoa has swung back to profit and struck a new energy supply deal in a positive sign for its Australian business.

Gold has extended losses, falling below $US1,200 an ounce after US Federal Reserve minutes revealed an interest rate rise could take place as early as June, causing the US dollar to turn higher.

Macquarie Capital and Brookfield Asset Management have agreed to buy Apache Corporation's Australian oil and gas operations for $US2.1 billion ($A2.7 billion), with the deal underpinned by a long-term gas sale agreement with Alcoa.

Another huge rise in US stockpiles and record oil output in Saudi Arabia has sent crude prices tumbling.

RNI shares lost more than a fifth of their value after the company announced its financing deal with a London-based fixed interest fund had fallen through.

Shares in gold explorer Rubianna Resources skyrocketed on news it plans to exit the resources industry by acquiring a young cloud-based retail finance business.

The takeover negotiations facing mining equipment supplier Emeco Holdings got more complex today after it received a merger proposal from Queensland-based competitor Orionstone, which has also pushed for Emeco to scrap its planned purchase of truck rental company Rentco.

Investors are welcoming news that Woodside Petroleum has made a gas discovery just north of its Pluto LNG project in the Carnarvon Basin.

Gold miner Evolution Mining says it will make a voluntary debt repayment of $35 million as a falling Australian dollar helps it generate cash.

Gold has edged lower as the US dollar recovers and global shares rise, but uncertainty about the timing of a US interest rate increase has $kept bullion not far from a seven-week high above $US1,200 an ounce.

Crude oil has closed solidly higher, with the US futures contract hitting their highest point so far this year on expectations of a decline in US production.

A Western Australian company founded four years ago to help fly-in, fly-out workers manage their finances has shifted its focus to reflect the resources sector’s changing fortunes – dealing with redundancy issues.

Gold producer Beadell Resources says a number of delays at its Tucano project in Brazil are to blame for a shortfall in gold sales for the March quarter.

BHP Billiton has appointed four new non-executive directors to the board of its South32 spin-off company.

The growing number of backdoor listings in WA has highlighted the best, and worst, of the capital markets.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Atlas Iron has launched an extensive review of its operations, finances and possible asset sale opportunities in response to steep falls in the iron ore price.

Oil prices have bolted higher on doubts last week's nuclear agreement between Iran and global powers will soon lift crude supplies.

Woodside Petroleum has completed the purchase of Apache Corporation’s interests in the Wheatstone and Balnaves projects, as speculation continues over the ownership of Apache’s remaining Australian assets.

BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore price.

Mining equipment supplier Bradken has rejected a takeover offer from private equity group Pacific Equity Partners and US-based Koch Industries, which valued the company at $427 million.

Iron ore has fallen below $US50 a tonne, extending a run of losses that began a week ago.

Oil rebounded on Wednesday, lifted by a government report showing a decline in US crude production and a deadly explosion and fire on an oil platform in the Gulf of Mexico.

Gold has rallied two per cent as the US dollar retreated after a downbeat jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.

BC Iron is the first Western Australian iron ore miner to receive royalty assistance from the state government’s relief package.

BHP Billiton and Fortescue Metals Group have applied for permits to add about 50 million tonnes of iron ore to an already oversupplied global market as prices fell to new record lows.