A joint venture between mining services companies Ausdrill and Barminco has been named the preferred contractor for work at AngloGold Ashanti’s Geita gold mine in Tanzania, with the deal worth about $US70 million ($A99.5 million).
Southern Cross Electrical Engineering has flagged its return to the black, saying it expects to report a $3.5 million first-half profit and remain profitable throughout the financial year.
The Samarco mine in the southeastern city of Mariana, where last November a huge toxic waste spill caused Brazil's worst environmental disaster, has had a new spill although no victims have been reported, the company says.
Carnarvon Petroleum has acquired a 35 per cent stake in Quadrant Energy’s Barrow sub-basin oil project, and has committed $10 million towards a drilling program scheduled for June.
A consortium led by logistics group QUBE Holdings has made a binding takeover proposal for rail and ports operator Asciano, hoping to trump a rival offer from a group led by Canadian predator Brookfield Infrastructure.
Wall Street dropped sharply after the US Federal Reserve frustrated stock investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil.
Gold has turned positive and has risen to a 12-week high, after the US Federal Reserve said it was "closely monitoring" global economic and financial developments, and held interest rates steady as expected.
Perth-based Excalibur Mining Corporation’s shares closed over 150 per cent higher on news it was considering an acquisition of Singapore-based tech company Dropmysite for an undisclosed sum.
Feral Brewing Company has been knocked off the top spot of a poll of Australia’s 100 best craft beers for the first time in five years, with the Swan Valley-based brewery’s Hop Hog named by punters
VDM Group has finalised terms for an $18 million loan facility with its largest shareholder to fund an investment in a copper project located in the Republic of Angola.
The wait for top-level competition is over for rugby league fans in Western Australia, with Perth to host its first international Test match in October between the Kangaroos and Kiwis.
Gold miner Evolution Mining has lifted its full-year production guidance after strong output from recently acquired mines took production to record levels.
Panoramic Resources and Mincor Resources have announced plans to put their last operating mines on care and maintenance in response to the depressed nickel market, with Panoramic cutting 50 jobs today with more to follow at both companies.
Gold has risen to a 12-week high, shrugging off strong stocks with nervous investors moving into safe-havens as the US Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase.
Wall Street has rebounded over 1 per cent, driven by a surge in oil prices and strong quarterly results from 3M, Johnson & Johnson and Procter & Gamble.
