Skilled Group says it will buy-out its partner in the Offshore Marine Services Alliance joint venture for $6.9 million, and plans to merge it with its Broadsword Marine operations to create a single marine services business.
TFS Corporation non-executive director Dalton Gooding has been promoted to the role of non-executive chairman after joining the company just one month ago, after Patrick O’Connor stood down from the role at a board meeting this morning.
Burswood-based Programmed Maintenance Services has recorded a drop in after-tax profit for the six months to September to $9.8 million as a result of a continued fall in available work in the resources sector.
The Environmental Protection Authority has given conditional approval for Rio Tinto’s Koodaideri iron ore project in the Pilbara, but is cautious about the potential spread of asbestos that could result from where the mining giant proposes to construct a rail corridor.
Mining services contractor Viento Group has forecast a trading loss in the current half year after disclosing that recently acquired subsidiary HVLV has run into problems on one of its contracts.
Australian farmers and dairy processors will get a better deal than their New Zealand counterparts under a free trade agreement with China, the federal government says.
IMX Resources will seek to raise $3 million as part of an entitlement offer for the exploration and evaluation at tenements on its Nachingwea property in Tanzania.
Shares in Subiaco-based explorer TNG were up 20 per cent this morning, after the company announced it had signed a binding agreement with major Chinese steel-related raw material distributor Sinometal (Shanghai) Co., for its Northern Territory project.
More than 8,000 Glencore coal workers will be forced to take annual leave as the mining giant shuts down its Australian coal operations due to an oversupply of the commodity.
A local software company and a Perth-based international mining consulting company have launched a new social media platform today they hope will revolutionize labour flexibility in the mining industry.
Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.
Global crude futures plunged to fresh lows Thursday amid a swamped market as US production hit a new record and the market mulled Saudi denials of a price war.
Gold prices rose on Thursday, as investors reacted to reports of Russian troop movements in Ukraine and Moscow's threats to dispatch warplanes for maneuvers in the Gulf of Mexico.
Latin Resources has entered into a $3.12 million funding agreement with US-based Lind Partners Australia to fund the development of its copper projects and its Guadalupito Andaulsite heavy mineral sands project in Peru.
Oil prices retreated with traders fixed on the OPEC oil cartel which appears set to maintain output at an upcoming meeting despite ample global supplies of crude.
Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.
Gold miner Northern Star Resources has outlined plans to spend $50 million next year on exploration activity, after announcing a high-grade gold discovery on the Millennium tenement at its Kundana project near Kalgoorlie.
Andrew Forrest has reiterated his support for Fortescue Metals Group diversifying its operations into other commodities, but said there were no immediate plans to pursue nickel, or oil and gas over its core iron ore business.
The Fair Work Commission last night issued an order to the Australian Institute of Marine & Power Engineers to end a planned strike by Teekay Shipping’s engineers this morning in Port Hedland.
BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.
