Oil prices have tumbled to fresh 5.5-year lows as Saudi Arabia blamed weak global economic growth and said it will stick to its guns on production policy.
Mining services company ADG Global Supply has been placed in the hands of administrators, after struggling to deal with the collapse of major client African Minerals.
Gold prices have risen to their highest level in three weeks, as plunging oil prices sparked worries about the health of the global economy, drawing investors to the precious metal.
Mineral sands miner Base Resources is pushing on with its takeover bid for World Titanium Resources, despite the target declaring yesterday the bid is not capable of succeeding.
The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.
US oil prices have slipped below $US50 a barrel for the first time in more than five years as the surging US dollar and news of additional supplies extended a six-month rout.
Gold futures have jumped to a three-week high as investors turn to the asset for safety amid a steep sell-off in stocks, oil, copper and other risk markets.
Molopo Energy’s new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
Asciano subsidiary Patrick is looking to expand its operations at the port of Dampier, after announcing the purchase of a floating wharf that US company Apache Energy is close to completing.
Engineering and construction contractor Decmil Group has won a $65 million extension to its wellsite installation services contract at QGC’s Queensland Curtis LNG project in Gladstone.
Atlas Iron plans to write-down the value of its Pilbara assets by between $700 million and $900 million, after telling the market it is operating just at break-even before restructuring costs.
The impact of falling export prices has been revealed in Canberra's Mid-Year Economic and Fiscal Outlook, as the federal government pushes the return to surplus out until the end of the decade.
Perth-based Mineral sands miner Base Resources has launched a scrip takeover offer for ASX-listed World Titanium Resources, which owns the Toliara Sands project in Madagascar, after securing extra funds for its Kwale project.
US company Hess Corporation has moved closer to developing its large Equus gas field off the WA coast, after striking an agreement to process the gas through the North West Shelf venture’s Karratha plant.
Perth-based gold miner Millennium Minerals has negotiated $5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.
Perth-based gold explorer Gascoyne Resources says the deterioration in market conditions was the reason for backing out of a proposed alliance agreement with Canadian gold miner Monument Mining.
Shares in Alliance Aviation Services lost nearly half their value today after it announced a major profit downgrade following reduced work in Queensland, with the company now hoping to pick up extra work in Western Australia.
World oil prices have resumed their downward trajectory following comments from key Middle Eastern oil producers that they have no plans to cut output.
A business led by Northern Star Resources chairman Chris Rowe has capitalised on cost cutting by oil and gas companies to position itself among the world’s elite commercial operators of underwater drones.
The free-falling iron ore price has hit the state’s coffers hard this year, but one of the state’s most respected resources authorities is pragmatic about the future, given the cyclical nature of the commodities sector.
Energy infrastructure investment firm DUET Group and aluminium producer Alcoa of Australia have finalised plans for a $180 million investment in the Dampier Bunbury Pipeline.
Gold prices rose Friday, buoyed by comments from the Federal Reserve earlier in the week that suggested the central bank is in no hurry to raise US interest rates from rock-bottom levels.
Incitec Pivot has warned shareholders of a challenging future, as it deals with a weak cycle for the mining sector and a looming jump in manufacturing costs.
BC Iron has announced it is working with Mineral Resources on potential new investments at the Iron Valley mining operation in the Pilbara, to improve its commercial viability.
Downer EDI has won a $2 billion package of work on Adani Group's controversial Carmichael coal mine in central Queensland, involving the construction of on-site infrastructure and provision of mining services.
