The Australian Securities and Investments Commission disclosed today it had raised concerns about Resolute Mining’s project valuations, prior to the Perth-based miner's decision to impair its Syama gold mine in Mali by $310 million.
Perth-based oil and gas company Tap Oil has launched a strategic review process that includes the possible sale of the business, after one of its substantial shareholders proposed a board shake-up.
Gold has eased, changing direction and falling below $US1,200 an ounce as short-covering dried up after buoying prices following the European Central Bank's (ECB) announcement that it will lift its 2016 inflation forecast.
The Broome tourism sector is targeting growth beyond its itinerant seasonal appeal, with strategies being developed to attract additional tourists and residents.
The battle for sponsorship support at Sculpture by the Sea has continued for another year, after iron ore magnate Gina Rinehart chose not to continue her financial backing for the exhibition on Cottesloe Beach, preferring to support two sporting groups.
The Environmental Protection Authority has given conditional approval to Chevron’s fourth train expansion proposal at its Gorgon gas project on Barrow Island.
The consumer watchdog has given the green light to Woodside Petroleum’s proposed purchase of oil and gas assets from US energy company Apache, after concluding it would not have a significant effect on the domestic gas market.
Shares in engineering and construction firm Valmec surged on news it was awarded a $5.3 million contract to provide services to the Origin Energy-operated Talinga Gas processing facility in Queensland.
Gold is down a shade, following a brief bout of selling in choppy dealings after the metal had recovered from early losses that pulled it below $US1,200 an ounce.
Iluka Resources managing director David Robb has acquired around $2.5 million of shares in the mineral sands producer under the company’s incentive plans.
Small businesses in the resources sector, which have traditionally relied on reputation and word-of-mouth to secure work, are dipping their toe in a growing pool of SMEs embracing sophisticated online marketing.
In a rare interview, Byrnecut executive chairman Steve Coughlan spoke to Business News about the growth of the low-profile mining contractor into one of WA’s biggest private companies. Click through to see our comprehensive BNiQ list of private companies.
Oil prices fell on Monday on renewed concerns about excess global supplies, with the European benchmark contract falling especially hard following a surge late last week.
Gold has turned lower as the US dollar rose and investors cashed in gains after upbeat Asian demand lifted the metal to two-week highs, with expectations for a rise in US interest rates later in 2015 keeping a lid on prices.
Buru Energy and APPEA have commended the Shire of Broome for its decision to vote down an anti-gas declaration that sought to declare the region frack-free.
Civil contracting and mining services firm NRW Holdings has dipped into the red with a $120.6 million half-year loss, but announced a $330 million contract extension with Middlemount Coal.
West Perth-based miner Metals X has hit back at Northern Star Resources’ bid for Tanami Gold’s Central Tanami project with claims that the deal conflicted with legally-binding obligations.
Workers fear hundreds of jobs are to be cut by mining giant Rio Tinto as it begins a new round of cost cutting by merging its copper and coal divisions.
Gold pared gains after stronger-than-expected US data lifted the dollar and impetus from Chinese buying petered out, but it remained higher after the Federal Reserve indicated this week that it was in no rush to raise interest rates.
Western Australian companies wanting to do business with China will need to modify their approach to deal with increasing competition and a changing marketplace, a leading advisory firm has warned.
The third daughter of late mining heir Michael Wright has succeeded in her bid to extract much more than she was left from his will, with a judge ruling she should get $25 million.
