FEATURE: Les Davis and Bill Beament are two of the Western Australian gold industry’s most influential people, but the person who has infinitely more power over gold in WA than the chief executives of Silver Lake and Northern Star doesn’t live here.
FEATURE: If the adage ‘three strikes and you’re out’ applied to the gold mining industry, the curtains would already have been drawn; but some determined locals are fighting on.
Graphite explorer Uranex has signed a memorandum of understanding for an off-take agreement with the China-based Sinosteel Liaoning and Dalian InterContinental New Materials Corporation joint venture.
Engineering and project services firm Clough says its AMEC joint venture has been awarded a $70 million contract for Arrow Energy’s Bowen gas project in Queensland.
Gold prices edged higher Friday after data showed the US economy created fewer jobs than expected in August, easing fears that the Federal Reserve may raise rates sooner than expected.
Perth-based coal miner Ascot Resources has received commitments from global commodity trader Gunvor Group for a $5 million equity capital investment in its $11.2 million raising.
Oil prices have fallen amid volatile trading, as NATO chiefs met over the Ukraine crisis and the European Central Bank announced more rate cuts to boost the eurozone economy.
Court action filed by both Santos and Apache is set to continue in the Western Australian Supreme Court over several disagreements relating to a joint venture of gas fields offshore in the Carnarvon basin.
Leading mining lawyer Michael Blakiston has criticised Premier Colin Barnett's comments urging African mining leaders not to be intimidated by global mining companies and to ensure their citizens received a fair return for their resource exploitation.
Australia's trade deficit is narrowing thanks to a growing volume of iron ore exports, but is likely to stay in the red as the price of the country's biggest export falls.
Paladin Energy has backed its decision to place its Kayelekera uranium plant on care and maintenance in February and says the market fundamentals needed to restore it to economic production are now heading in the right direction.
Gold prices edged higher on the European spot market Wednesday after a sharp drop in the previous session, but the market was unmoved by news of a ceasefire in Eastern Ukraine.
World oil prices rebounded Wednesday following the prior day's heavy losses in a rally spurred in part by hopes for a resolution to the Ukraine conflict.
Perth-based Marine safety equipment developer Mobilarm has signed a $1.8 million rental contract for the supply of the new sMRT V100 beacon and sMRT life jacket to the international fleet of geoscience organisation Polarcus DMCC.
Energia Minerals’ shares have jumped by nearly 30 per cent on the news that Euroz Securities and new investors had completed due diligence on its Gorno zinc project and confirmed that they would proceed with the $8.15 million funding package, which was announced last week.
Perth explorer Buxton Resources has made plans to raise $2.6 million to fund drilling at its Yalbra graphite project in Western Australia, along Oaktree North and Zanthus Ni-Cu projects in the Fraser Range.
Shares in Poseidon Nickel have surged after it announced it had agreed to buy Norilsk Nickel’s Lake Johnston nickel project, located west of Norseman, for an undisclosed amount.
Iron ore explorer Sundance Resources says it has raised $40 million through a subscription for its convertible notes and options by resources investor Gennadiy Bogolyubov.
Gold prices fell to a two-month low on Tuesday and palladium posted its steepest decline in two months, as pressure from a stronger dollar snuffed out investor appetite for the haven assets.
Engineering firm Downer EDI has won a construction contract worth up to $170 million at the Chevron-operated Gorgon gas project on Barrow Island off the north-west coast of Western Australia.
