Gold futures have eased a bit, locking in the first weekly loss since early December as the Federal Reserve said it would continue to pare its bond-buying program.
Mining services company Boart Longyear has taken the unusual step of awarding its recently appointed chief executive Richard O’Brien a US$5 million cash grant.
Northern Star Resources has confirmed it will enter into a hedging program for almost a third of its forecast gold production over the next 12 months as concerns over price volatility continue to linger across the sector.
Perth-based Volta Mining has raised $2.5 million to advance its exploration efforts at the DSO Newman iron ore project in the Pilbara and has completed the acquisition of Pilbara Commodities.
Toro Energy has revised the start-up capital cost for its Wiluna uranium project to $315.6 million, a figure which represents an increase of almost $47 million from its original estimate.
Gina Rinehart has retained the title of Australia's richest person, with the iron ore magnate's fortune climbing by a cool $804 million, or four per cent, to $20.3 billion in 2013.
Explosives, mining services and chemicals supplier Orica is reviewing the future of its non-mining chemicals business while contemplating a push into the iron ore sector in the Pilbara.
Fortescue Metals Group chief Nev Power has rebutted claims of increased pressure on iron ore producers, while also flagging continued strength in the price of the steel-making ingredient for the ne
Perth-based Independence Group will pay up to $6.5 million to earn-in to prospective base metal tenements held by Alchemy Resources in the northern Goldfields.
Continental Coal has secured a short-term funding deal which will allow it to continue trading but at the expense of its chief executive and several other directors.
Mid-tier iron ore miner Atlas Iron has lifted its forecast for shipments of iron ore in its 2014 financial year and says prices for the commodity are strong.
Struggling contractor Forge Group has forecast a loss of up to $25 million for the 2014 financial year, slashing its earnings guidance on the back of cost blow-outs at several projects.
Gold prices have slipped as equity markets bounce back from multiple losing sessions, and gold investors wait for a signal from the US central bank on the direction of its economic stimulus program
Ausdrill has struck up an alliance with gold explorer Azumah Resources, agreeing to invest $2 million in the company following the appointment of Ausdrill subsidiary African Mining Services as Azumah's preferred mining contractor.
Lycopodium announced today it has entered a non-binding agreement to acquire a majority stake in South African based engineering business ADP Holdings.
The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.
Queensland-based explorer Pacific Niugini has made a $6.8 million bid to purchase an 80 per cent stake in Bulletin Resources' Halls Creek gold projects, dwarfing an original offer from Bulletin's major shareholder Matsa Resources.
Contractor HWE Mining faces a retrial over the death of a worker at BHP Billiton's Yandi mine in 2008, after a judge overruled an acquittal on charges the firm failed to provide a safe working environment.
Northern Star Resources looks set to emerge as the fifth biggest gold mine operator in Western Australia following its $75 million acquisition of Barrick Gold's majority stake in the East Kundana joint venture and the Kanowna Belle mine.
