Woodside Petroleum has completed the purchase of Apache Corporation’s interests in the Wheatstone and Balnaves projects, as speculation continues over the ownership of Apache’s remaining Australian assets.
BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore price.
Mining equipment supplier Bradken has rejected a takeover offer from private equity group Pacific Equity Partners and US-based Koch Industries, which valued the company at $427 million.
Oil rebounded on Wednesday, lifted by a government report showing a decline in US crude production and a deadly explosion and fire on an oil platform in the Gulf of Mexico.
Gold has rallied two per cent as the US dollar retreated after a downbeat jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.
BHP Billiton and Fortescue Metals Group have applied for permits to add about 50 million tonnes of iron ore to an already oversupplied global market as prices fell to new record lows.
Investors have welcomed news that Claremont-based Segue Resources has signed a joint venture agreement with Port Exploration at its Pardoo nickel and iron project in the Pilbara.
Shares in Subiaco-based explorer Triton Minerals skyrocketed on news it signed a $US2 billion ($A2.6 billion) offtake agreement with a Chinese company for graphite from its Mozambique project.
Gold has turned lower, pressured by the firm US dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline.
Oil prices have fallen as global powers and Iran raced to reach a deal on Tehran's nuclear program that could ease sanctions on the crude producer, adding to the global oversupply.
A Western Australian iron ore industry group has reluctantly mothballed its activities, citing the difficult economic circumstances facing the industry.
New Standard Energy has secured $US3 million ($A3.9 million) from its existing debt facility with Credit Suisse to provide working capital while it continues transaction discussions with unnamed parties.
Emeco Holdings has postponed the $75 million purchase of truck rental business Rentco, as it seeks to address criticism of the deal from some of its biggest shareholders.
Chatchai Yenbamroong has fired another round into his dispute with Tap Oil, with a letter to the company’s shareholders calling for their support in his proposed board spill.
Shares in thermal energy company Enerji surged on news it will be collaborating with Perth-based technology firm Panorama Synergy to develop a hydrocarbon monitoring system.
Oil prices have dipped as traders eyed talks between Iran and global powers that could ease international sanctions on one of the world's leading oil producers.
Gold has fallen more than one per cent, its biggest drop in more than three weeks, as the US dollar climbed on increasing prospects that the US Federal Reserve may start raising interest rates this year.
Engineering construction contractor Primero Group has entered into the final stages of its contract to build the domestic gas meter station at Chevron's Wheatstone project.
Chevron's exit from two major Australian investments has raised concerns about the growth outlook for the nation's oil and gas industry as shares in the sector dive.
Subiaco-based gold company Indochine Mining has fallen into the hands of administrators after it failed to attract a party willing to fund its Mt Kare project in Papua New Guinea.
NSL Consolidated shares closed 50 per cent higher on news it had signed an offtake agreement with an Indian steel producer for up to $14 million worth of iron ore from its Phase One Kurnool plant.
Investors haven't responded well to news that former Maca chief executive Doug Grewar has taken the helm of local mining services firm Viento Group with immediate effect.
The news from the iron ore and petroleum sectors may be disheartening for producers and investors alike, but another of Western Australia’s mineral exports is proving as resilient as stainless steel.
Producers and explorers will be breathing a sigh of relief this week after the state government announced it would leave resources royalty rates unchanged in this year’s budget.
Amid the gloom, WA has some positive resources stories to tell,with uranium developers buoyed by improving news, investment certainty guaranteed around royalties rates - for now - and nickel reappearing as a sturdy performer.
