Rio Tinto shares are subdued in early trade after the mining giant flagged a scheduling blowout at its Oyu Tolgoi project in Mongolia that could cost it an extra $2.7 billion.
Oil Search says both its second-quarter production and revenue have dipped by 5 per cent as expected, but analysts were reportedly looking for a more substantial first-half recovery after last year's earthquake in Papua New Guinea.
Oil prices sank about one per cent overnight on signs that the impact of a tropical storm on US Gulf Coast production and refining would be short-lived while Chinese economic data dimmed the crude demand outlook.
Gold edged lower overnight as global stock markets gained with investors focusing on some upbeat economic readings from mixed Chinese economic data while a firm US dollar further weighed on bullion.
The recently announced sales of Perth stockbroking firms Patersons Securities and DJ Carmichael will reshape the sector’s pecking order in Western Australia.
Struggling gold miners Dacian Gold and Gascoyne Resources have both taken a small step in the right direction, after they announced positive production results today.
Bis has had its haulage and site services contracts for Minara Resources at the Murrin Murrin mine in the north-eastern Goldfields extended by four years.
A junior miner’s chief executive says he has voluntarily submitted to ASIC the contents of an internal investigation into a failed project expansion in India.
Australia exported 75.1 million tonnes of LNG in the 2019 financial year, 21.2 per cent higher than the previous fiscal year prior, and is expected to become the largest LNG producer in the world this financial year.
OPINION: Now might be a good time for a walk down memory lane in terms of trade and business, particularly given the behaviour of some of the world’s major economies and political players.
Uptake of rooftop solar is being severely distorted by a flawed pricing structure for electricity, forcing higher costs across the grid, according to one of Australia’s leading authorities on energy markets.
Agrimin has awarded Primero Group the engineering design contract for the process plant component of its $545 million Mackay sulphate of potash project.
AMP shares have hit a new all-time low after the beleaguered wealth manager flagged it would not pay a first-half dividend in anticipation that the $3.3 billion sale of its wealth protection business has failed.
Oil prices were little changed on Friday as US Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm but concerns over a global crude surplus in the months ahead limited gains.
Gold prices inched higher on Friday as investors shrugged off concerns that stronger-than-expected consumer inflation in the United States could influence the US central bank's decision on aggressive monetary policy easing.
The state government today announced an additional $11.8 million towards the redevelopment of Bunbury Hospital, in addition to the $11 million already committed to the redevelopment in the state budget.
Construction has started this week on two apartment projects with a collective end value of $126 million, with Norup + Wilson launching its Beach Shack in Scarborough and Baltinas starting to build its Habitat Residences in Applecross.
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