Lynas Corporation's funding woes for its Western Australian rare earths project has hit Forge Group, which says its $25 million contract has been suspended until further notice.
An impairment charge to its New Zealand business and reduced levels in funds under management, administration or advice has impacted Plan B Group's earnings, which fell 52 per cent.
Shares in Fortescue Metals Group have surged as much as 25 per cent today as the iron ore miner confirms it has been in talks with companies from China and the UK over investment opportunities.
Extract Resources has revealed that Rio Tinto has boosted its interest in dissident shareholder Kalahari Minerals, as its shares soared nearly 40 per cent over the past five trading days.
The falling Australian dollar has impacted Schaffer Corporation's bottom line with the industrial company today reporting a 42 per cent drop in its interim net profit.
Perth-based Arafura Resources has become the latest miner to sign an investment deal with a Chinese company, which has agreed to inject at least $8 million in return for a major shareholding.
A scoping study into Scotgold Resources' Cononish gold and silver project in the United Kingdom has confirmed the economic potential of the operation, which has estimated capital costs of $27 million.
Western Australia will not be immune from Japan's worst economic slump since World War II, however demand will continue for key commodities iron ore and liquefied natural gas, an economist said.
Atlas Iron says it has the opportunity to defer $20 million in mine establishment costs after it entered into a deal to access infrastructure that can support its Abydos iron ore project in the Pilbara.
Analysts at Hartleys have lowered its full year net profit forecast for Imdex but retained its Buy recommendation on the back of strong potential growth opportunities for the mining services company.
Monadelphous Group says it will accelerate efforts to expand further into the oil and gas and infrastructure markets amid the slowing minerals sector, as it posts a record interim net profit.
After nearly three months in a trading hiatus, shares in OZ Minerals have jumped as much as 33 per cent in early trade today, boosted by yesterday's $2.6 billion takeover by China's Minmetals.
Some 68 employees at CopperCo's Lady Annie mine have been stood down today as record rainfall and significant flooding in Queensland bring operations to a halt.
Fisheries Minister Norman Moore has imposed further conditions on the rock lobster industry after his initial raft of measures failed to achieve the necessary results.
Thundelarra Exploration plans to raise up to $2.7 million through a renounceable rights issue with funds raised to progress the evaluation of its suite of projects across Australia.
The corporate watchdog has banned Perth stockbroker Colin Hebbard from providing financial services for five years after he passed on inside information regarding a possible takeover while working for Citi Smith Barney .
The current global uncertainty is expected to lift demand for contract staff in Western Australia this year as businesses look for flexible staffing solutions to ease shortfalls, a survey has revealed.
Uranium miner Paladin Energy has significantly extended its interim net loss on the back of a $US527 million ($A804 million) impairment charge to its Mt Isa assets and investment write downs.
Little World Beverages says its business as usual for the construction of a brewery in the Victorian town of Healesville, which is under threat from the massive bushfires plaguing the state.
Integra Mining will raise almost $14 million through a share placement, with proceeds to be applied to feasibility studies and exploration at its Randalls and Aldiss-Randalls projects.
A German-based company will invest a further $49 million in waste recycling company CMA Corporation through a private placement, with shares priced at a generous premium.
Uranium miner Paladin Energy will move to compulsorily acquire the remaining shares it does not own in Fusion Resources, after its takeover offer for the minnow closed yesterday.
Rio Tinto has reported a 50 per cent drop in net earnings for the 2008 calendar year which includes an asset impairment charge of $8.4 billion, mostly attributed to a write down of its aluminium business.
Mining giant Rio Tinto has sold minority interests in some of its most valuable assets, including iron ore miner Hamersely Iron, to Chinese group Chinalco as part of a transformational US$19.5 billion deal.
Property developer and manager United Overseas Australia has revised up its earnings guidance for the 2008 calendar year, expecting profit to be $44 million.
Chalice Gold Mines has received the final $841,000 payment of the sale of its Higginsville and Chalice gold projects in the Eastern Goldfields to Avoca Resources.
