Mount Gibson Iron has put its Koolan Island mine on care and maintenance after the recent flooding of the pit, resulting in most of the 360 workers being made redundant.
Oil prices have fallen in London and New York helped by reports that Saudi Arabia has trimmed its export prices and is doing nothing to tighten supplies.
Shell Australia has become the third major petroleum producer to partner with Western Australia’s leading energy research group, in a move that is expected to provide a host of opportunities for local input and collaboration on the $12 billion Prelude floating liquefied natural gas project.
Indian-owned miner Griffin Coal has resumed operations at Collie, two days after its main contractor walked off the job, but there is uncertainty about how many people will be employed at the mine.
Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.
Santos shares have hit a near eight-year low as the energy company shelved a debt raising and announced plans to slash spending due to weak oil prices.
Oil prices in New York have gained following a drop in US crude inventories, while the international benchmark Brent has fallen on gloom after last week's OPEC decision to maintain output.
Gold prices have risen as investors wait to see whether the European Central Bank will increase its economic-stimulus efforts at its monetary-policy meeting.
Collie coal miner Griffin Coal is endeavouring to hang onto its staff and satisfy its customer commitments after its main contractor Carna Civil & Mining walked off the site late yesterday.
The depressed iron ore price is prompting “gun shy” Padbury Mining to increase its tenement asset base, snapping up a hematite and magnetite deposit owned by Radar Iron.
Oil prices have tumbled after the Iraqi government and autonomous Kurds struck a deal that will boost the country's crude oil exports to an already oversupplied global market.
Western Australia’s largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.
Local gold producer Northern Star Resources has announced a substantial discovery at its White Feather project, near its existing Kanowna Belle gold mine.
GR Engineering Services executive chairman Joe Ricciardo will step into a non-executive chairmanship role from the beginning of next year, after completing the handover of managerial control to managing director Geoff Jones.
Western Australia’s subdued resources exploration sector is set to receive a new boost in the form of a digital map for explorers to better target mining and petroleum discoveries.
Iron ore miner Pluton Resources has settled proceedings against junior secured creditor Rizhao Port Group Logistics, which includes the removal of receivers appointed by Rizhao in disputed circumstances last month.
Fortescue Metals Group's Christmas Creek iron ore mine site has been raided for drugs by WA Police, working in cooperation with the company, as part of a crackdown of mine sites across the state.
Crude oil prices have bounced back sharply from five-year lows in what analysts say may be just a technical correction after last week's $US10-a-barrel plunge.
Gold prices have surged to a one-month high as a rush of haven buying sparked by Japan's credit-rating downgrade forced bearish investors to clamour for the exit.
In its latest push for greater conservation in mining regions, the Environmental Protection Agency has classified a proposed Mineral Resources iron ore project in the Yilgarn as 'environmentally unacceptable'.
Fortescue Metals Group has ended a tough week for the iron ore sector by halving its projected capital expenditure for the 2015 financial year to $US650 million, in response to the continued weakening of the iron ore price.
Rio Tinto has deferred making an investment decision on its proposed billion-dollar new iron ore mine in West Australia's Pilbara region but is sticking with plans to ramp up production of the commodity.
Gold has fallen to the lowest level in a week as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Silver, platinum and palladium also decreased.
