Mining

The resources sector is being used like an ATM machine and Australia's record debt is unsustainable, mining magnate Gina Rinehart says.

Junior mining stocks Crest Minerals and Avalon Minerals have announced they will not be proceeding with planned acquisitions, after failing to get the backing of investors.

Western Australian firm Forge Group has been awarded a contract to design and construct a zinc-lead-silver concentrator and associated plant facilities at MMG’s Dugald River project in Queensland.

Shares in engineering giant WorleyParsons plunged to four-year lows after it blamed a slowdown in Western Australia's mining industry for a profit downgrade.

Perth based aspiring miner Ferrowest has purchased a 60 per cent interest in the Yalyirimbi iron ore project from Ngalia Resources.

Aspiring iron ore miner Brockman Mining has submitted a proposal to gain access to rail infrastructure built by Fortescue Metals Group, setting up competition between two infrastructure providers i

HOW does the managing director of an aspiring nickel miner remain positive amid weakening commodities prices and an equities market in decline?

It’s an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

The proposed Anketell Point port project in the Pilbara, which is unlikely to proceed for the foreseeable future, has been approved by federal Environment Minister Tony Burke, subject to 45 strict

Research consultants Wood Mackenzie have predicted that investment across Australia’s resource sector will be at record levels over the next three years.

The Australian market has opened slightly higher despite falls in resources stocks.

UGL and Sedgeman have joined the growing list of engineering and mining services companies forced to slash costs in response to a slowdown in project work.

Perth-based gold explorer Red Mountain Mining is seeking to raise up to $2.8 million for drilling operations designed to increase the gold resource of its Batangas gold project in the Philippines.

Western Australian iron ore junior Crusader has announced a cost-cutting program aimed at reducing overheads in the wake of tougher market conditions.

Mining giant BHP Billiton has said that its exploration and capital expenditure for the 2014 financial year will decline significantly to approximately $18 billion as the company looks to reduce co

The shale gas industry doesn’t stack up commercially and companies that have invested in the sector are following a herd mentality, Woodside managing director Peter Coleman said today.

It might be too early to crack the champagne but junior miners are certainly celebrating the weakening of the Australian dollar, which had lost its traditional connection with commodity prices and

Perth-based mining contractor Barminco has refinanced its existing debts through an issue of high-yield notes in the United States.

Perth-based explorer Bauxite Resources has announced it is buying back up to 10 per cent of its issued stock over a 12 month period.

Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment".

West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.

New Zealand's $NZ22-billion Superannuation Fund has pulled nearly $NZ2 million worth of investment out of Barrick Gold, the world's biggest gold miner citing its human rights and environmental reco

Junior mining stocks Orinoco Gold and Peak Resources have bolstered their coffers with capital raising that will raise a total of $6.1 million.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

The falling gold price is continuing to hit Western Australia’s resources sector, with Saracen Minerals today joining a string of companies to cancel projects, slash costs and launch strategic revi

The resources industry is urging the federal government to tread carefully as it attempts to plug holes in its budget, due to be handed down early next week.

Mining contractor Swick Mining Services has won a drilling contract at US-based Freeport-McMoRan Copper & Gold’s Grasberg mine in Indonesia.

Moly Mines shares have shot up on the ASX after the company announced it had signed a mine gate sale agreement with Mineral Resources worth up to $38 million for output from its Spinifex Ridge iron

There are even less inflation hurdles for the Reserve Bank of Australia (RBA) to cut the cash rate further, if need be.

Sumatra Copper & Gold is seeking to raise $20 million to put towards development at its flagship Tembang gold-silver project in Indonesia.

AusGroup subsidiary AGC Industiries has extended its fabrication contract for Chevron’s Gorgon natural gas development by $13.6 million.

Woodside Petroleum has been voted the state’s most attractive employer at this year’s Randstad Awards, which also revealed that competitive salaries had become the most important factor for Western