Oil prices in New York have rallied after a surprisingly big drop in US crude inventories, even as higher output from Libya pressured the main London oil contract.
A PwC director has claimed the productivity of iron ore mining equipment in Australia has fallen 40 per cent in the last four years, and has sat behind the global average since 2012.
Western Australian Treasurer Mike Nahan has defended his government's optimistic outlook for the state's most valuable export commodity in the past financial year, saying iron ore prices are "bloody hard" to predict.
Leading non-executive director Diane Smith-Gander has said a shake-out of the iron ore sector is almost unavoidable, while speaking at today’s Business News Success & Leadership Series breakfast.
The amount of money Australia reaps from resources and energy commodity exports is expected to fall this financial year, despite a pickup in volumes shipped overseas.
A joint venture between Ord River Resources and Dampier Gold has entered into a binding ore treatment agreement with Northern Star Resources for use of its Plutonic processing facility for an undisclosed sum.
Iron ore explorer Gindalbie Metals has detailed a $586 million loss for the financial year, which was previously flagged on the back of a write-down of its 48 per cent stake in the Karara project.
Western Australian treasurer Mike Nahan says he can’t guarantee a budget surplus in the next financial year due to the recent volatility in iron ore prices.
Global crude oil prices have fallen as traders worried about the strength of demand especially in China ahead of the release of key Chinese manufacturing data.
Perth explorer Buru Energy has received a $20 million backing by Gordon Martin’s Coogee Chemicals in its $40 million capital raising to fully fund its 2015 work portfolio.
Radar Iron and Victory Mining have struck a deal to raise a total $5.5 million to fund the $2.9 million debt repayment for the acquisition of Radar’s Yerecoin project.
A joint project between Woodside Petroleum and Curtin University is aiming to boost productivity in the construction of liquefied natural gas projects in Western Australia.
Scientists and engineers in Perth have begun quietly setting up a centre which could encourage more floating gas projects off Western Australia's coast and create local jobs.
Last month’s huge oil discovery off the Pilbara coast, which could be the largest local find in 30 years, has already provided West Perth junior Carnarvon Petroleum with a significant boost to its share price.
Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.
Gold has settled at its lowest close of the year and other precious-metals prices have tumbled, as a surging US dollar and expectations of higher interest rates spur investors to sell.
Australia Minerals and Mining Group has chosen its Meckering aluminous clay deposit as the key supply of feedstock material for its HPA chemicals project, which will be located north of Perth.
Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty’s investment vehicle, has accepted BC Iron’s $256 million takeover bid for IOH.
Gold fell Thursday to an eight-month low, while silver sank to a four-year low, as investors digested the Federal Reserve's plans for tighter monetary policy.
The federal government has appointed former Western Australian bureacrat Stuart Smith as CEO of its oil and gas industry regulator, the National Offshore Petroleum Safety and Environmental Management Authority.
Saracen Mineral Holdings announced this afternoon that an employee of an unnamed contractor passed away overnight in his room at the accommodation village of the company’s Red October mine.
