Mining

Gold has posted the biggest weekly gain since August as signs of a faltering recovery in the US economy boosts demand for precious metals as a haven.

In hindsight, Forge Group founder Peter Hutchinson was unwittingly prophetic when he spoke to Business News in June 2012, on one of his last days at the company. Explaining his decision to hand the reins to more experienced managers, Mr Hutchinson said he wanted to ensure Forge didn’t enter the “graveyard of mining services contractors that have come unstuck”.

Gold miner Perseus Mining has plunged to a $4 million interim net loss, as a decrease in gold production at its flagship Edikan mine as well as a 12.5 per cent fall in its gold sales price weighed

Iron Ore Holdings has taken another step towards the commencement of its Buckland iron ore project in the Pilbara, gaining environmental approval from the state government for its mine and associated infrastructure and haul roads.

Opposition leader Bill Shorten has attempted to rebuild bridges with Western Australia's major mining identities, admitting to past Labor mistakes while touting Perth as the iron ore capital of the

Sirius Resources has taken full ownership of its highly-rated Nova-Bollinger nickel deposit, buying out major shareholder Mark Creasy’s 30 per cent stake for a stock and cash package worth nearly $

A third consecutive year of weak uranium prices has led to Paladin Energy's half-year net loss increasing to $US255 million.

Perth-based mining services provider Calibre Group has been awarded a $22 million contract to provide management services for the brownfields expansion of Rio Tinto’s West Angelas iron ore mine in the State’s north west.

Newcrest Mining has suffered an 88 per cent profit drop after being hit by a slide in gold prices, a massive tax bill and writedowns.

Gold has posted the longest rally since July 2011, topping $US1,300 an ounce for the first time since November, after signs of faltering US economic growth added to the increasing investor appetite for haven assets.

Former WesTrac chief executive Jim Walker is set to step up to the role of chairman at Macmahon Holdings, replacing incumbent chair Ken Scott-Mackenzie who will retire next month.

Premier Colin Barnett has warned more workers could lose their jobs this year, after the collapse of contractor Forge Group and a jump in the state's unemployment rate.

Mining giant Rio Tinto posted a full-year profit of $US3.7 billion in 2013, with large cost reductions and production records driving its underlying profit growth.

Mike Young has been confirmed as the new chief executive of Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.

Gold miner Doray Minerals plans to accelerate drill testing of near-mine exploration targets at its Andy Well gold project in the Murchison region following a $17 million capital raising.

Mining services company Mineral Resources is close to implementing ambitious plans to develop new transhipment facilities in the Pilbara and in Cockburn Sound to support growth in iron ore exports.

Perth-based Rumble Resources has signed an earn-in agreement with Blackham Resources for the acquisition of up to 75 per cent of the Zanthus project inside the Albany Fraser Tectonic Zone in the State’s south west.

Fortescue Metals Group has appointed the BAM Clough joint venture to design and construct a fifth iron ore loading berth at its Anderson Point facility in Port Hedland.

Maintenance and construction contractor AusGroup has returned to the black in the December quarter, with a tax credit offsetting the adverse impact of falling revenue.

OZ Minerals has announced a loss of nearly $300 million and the departure of its chief executive Terry Burgess.

Former Gindalbie Metals boss Garret Dixon has joined Watpac as a non-executive director, signaling the company’s interest in building up the Perth-headquartered mining contracting division of its b

Poseidon Nickel is in negotiations to treat ore from its Mt Windarra mine at a third-party facility, allowing it to postpone the high cost of building a new plant of its own.

Nickel miner Mincor Resources has declared a dividend to shareholders despite posting a narrow half-year loss on the back of sustained nickel price weakness.

Oil prices have traded sideways after the new head of the Federal Reserve, Janet Yellen, indicated the Fed would stay the policy course mapped by her predecessor Ben Bernanke.

Vanadium producer Atlantic has stood down some of its contractors after announcing that the damage caused by last week’s fire at its Windimurra plant is “extensive”.

Bradken shares have tumbled after the engineering firm announced its half yearly profit had dived 18 per cent.

Jacka Resources says it hasn't given up hopes of a potential friendly takeover by Tangiers Petroleum, despite terminating a bid implementation agreement for the deal.

Atlas Iron managing director Ken Brinsden told a business forum in Perth today the big mining houses’ practice of locking-up resources in the Pilbara was depriving smaller miners of development opp

A defining milestone in competing efforts to build a subsea telecommunications cable from Perth to Singapore may be imminent, with one of the players close to snookering the opposition.

A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.

Gold futures have risen to their highest level in 12 weeks amid strong appetite from Chinese buyers and as concern about US economic health fanned demand for a haven.

Kalgoorlie-based Phoenix Gold has opted for a low cost development option at its Castle Hill project, with plans to commence production using third-party milling capacity rather than build a stand-along project.