Mining

Gold and silver prices have risen to a two-week high as a rush by investors to cover bets on lower prices accelerated a rebound in both markets.

More than 8,000 Glencore coal workers will be forced to take annual leave as the mining giant shuts down its Australian coal operations due to an oversupply of the commodity.

A major operator of car and truck dealerships says sales are performing well in a softer market.

A local software company and a Perth-based international mining consulting company have launched a new social media platform today they hope will revolutionize labour flexibility in the mining industry.

Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.

Global crude futures plunged to fresh lows Thursday amid a swamped market as US production hit a new record and the market mulled Saudi denials of a price war.

Gold prices rose on Thursday, as investors reacted to reports of Russian troop movements in Ukraine and Moscow's threats to dispatch warplanes for maneuvers in the Gulf of Mexico.

Latin Resources has entered into a $3.12 million funding agreement with US-based Lind Partners Australia to fund the development of its copper projects and its Guadalupito Andaulsite heavy mineral sands project in Peru.

Oil prices retreated with traders fixed on the OPEC oil cartel which appears set to maintain output at an upcoming meeting despite ample global supplies of crude.

Gold prices are lower as the US dollar's gains drove investors out of the precious metal.

Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.

Gold miner Northern Star Resources has outlined plans to spend $50 million next year on exploration activity, after announcing a high-grade gold discovery on the Millennium tenement at its Kundana project near Kalgoorlie.

Andrew Forrest has reiterated his support for Fortescue Metals Group diversifying its operations into other commodities, but said there were no immediate plans to pursue nickel, or oil and gas over its core iron ore business.

The Fair Work Commission last night issued an order to the Australian Institute of Marine & Power Engineers to end a planned strike by Teekay Shipping’s engineers this morning in Port Hedland.

BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.

Oil prices have traded mixed as the market gauged the outlook for an OPEC oil production cut amid abundant global supplies.

Gold prices have ticked higher as a respite from the strong US dollar squeezes some bearish investors out of the market.

Troubled miner Pluton Resources says its major shareholder General Nice Resources has committed to provide extra funding to recommence operations at the Cockatoo Island iron ore project.

Three of billionaire Gina Rinehart's companies will go to trial next March over the late filing of financial accounts with the corporate regulator.

Northern Minerals has appointed Dublin-headquartered management consulting firm Accenture to plan and budget a feasibility study at its flagship Browns Range rare earths project near Halls Creek.

World oil prices have tumbled after Kuwait downplayed prospects for an OPEC output cut in the face of abundant global supplies.

Gold prices have fallen as a rising US dollar prompts traders to lock in profits after last week's sharp rally.

Mongolian-focused coal miner Tian Poh Resources will make its debut on the ASX tomorrow, after raising about $2.4 million through its initial public offering.

Tugboat deckhands at Australia's main iron ore port have agreed to a new wage deal after more than a year of negotiations.

Belmont-based contractor GR Engineering Services has won a $10.3 million contract to provide engineering, procurement and construction management work at Finders Resources’ Wetar Copper project expansion in Indonesia.

Former Perth-based rare earths miner Lynas Corporation's shares have bounced after it tried to reassure investors the rare earths market is not going as badly as speculated.

Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.

Leaner times in the junior mining and exploration sector have resulted in widespread cuts to chief executive pay, but the restraint has not been shared equally across the sector, with some actually lifting salaries.

The Environmental Protection Authority has rejected Sinosteel Midwest Corporation’s proposal to develop a new mine pit at its Blue Hills Mungada East hematite project due to irreversible environmental consequences.

Mount Gibson Iron has cut its sales guidance and warned that repair works at its Koolan Island mine might take three months and cost up to $10 million.

Gold prices have notched their sharpest gain in nearly five months after data showing weaker-than-expected October jobs growth spurred investors to close out bets against the precious metal.

Mineral sands explorer MZI Resources is one step closer to production following shareholders approving a $US110 million debt and equity package today.