Mining

The state government’s Mining Rehabilitation Fund initiative has met with almost unanimous industry uptake, Mines and Petroleum Minister Bill Marmion said today.

South African engineering firm DRA has partnered with Perth mine planning consultancy Orelogy, one week after buying collapsed Forge Group’s North American asset, Taggart Global.

US oil prices have rallied from a six-month low following reports that the Obama administration is considering air strikes in Iraq.

Rio Tinto has more than doubled its half-year net profit to $4.76 billion ($US4.4 billion), but the world's second largest miner was below consensus analyst expectations.

Two Perth-based resources juniors, Jameson Resources and Merah Resources, have entered trading halts today.

Oil and gas technology company Coretrack has secured ownership of a high-tech drilling rig after a legal battle with intellectual property licensor Strange Investments.

Hiring and investment is down in Kalgoorlie-Boulder as confidence falls in the wake of clouds overhanging the gold-mining industry.

Oil prices in New York have fallen again on worries about lower demand, even after an inventory report showed a surprising drop in US gasoline supplies.

Gold prices have risen to their highest level in nearly two weeks, as worries grew over economic weakness in the euro zone and tensions between Russia and the West.

RAC of WA and Spacecubed have become the first organizations in Perth to fund a ‘tech accelerator’, which should come as welcome relief to the cash-starved start-up sector.

Kalgoorlie’s Diggers & Dealers forum may not be for sale, officially, but the recent purchase of Cape Town’s Mining Indaba conference for $84 million puts a value of at least $24 million on Diggers, and that would be hard price for the owner, Kate Stokes, to reject.

West Perth-based coal miner Continental Coal has announced a non-renounceable $35.1 million rights issue as part of a recapitalization and restructure.

Brockman Mining chief executive officer Peter Luk has resigned today after conviction in a Hong Kong court yesterday.

Pilbara iron ore miner BC Iron predicts the iron ore price will head above $US100 per tonne over the next six months as demand for the company's product remains strong.

Iron ore explorer Sundance Resources has emerged victorious in the Supreme Court today after a damages claim was dismissed, but the Perth-based company will be in court again next year for a furthe

Most of the thousands of staff affected by the collapse of mining services and recruitment firm Bluestone Group have been saved from unemployment.

Ausdrill has flagged another profit writedown of as much as $80 million, as it warns the recovery in the mining services sector will be slower than previously expected.

Oil prices in New York have fallen to a six-month low on concerns about weak gasoline demand in the US and lacklustre Chinese economic data.

Legend Mining has completed the $17.5 million sale of its Ngovayang project in Cameroon to a subsidiary of India’s Jindal Steel and Power.

Nickel miner Sirius Resources is close to securing $1.5 billion for its Nova nickel project after striking a native title deal with traditional owners.

AngloGold Ashanti has become the first gold miner to sign up to the Fifo Families social support and education program for fly-in, fly-out workers.

Thousands of Bluestone Global workers have lost their jobs after the Melbourne-based mining services provider went into administration and its subsidiaries into liquidation.

Engineering group Downer EDI has lifted its full-year profit almost 6 per cent, despite a slide in revenue from across its infrastructure, mining and rail businesses.

Oil prices have moved higher following a weekend of turmoil in key petroleum producers Libya and Iraq.

Gold prices have slipped, as fears of a sooner-than-expected increase in US interest rates overshadowed continued violence in Ukraine and Israel.

In November 2008, the newly installed state Liberal government officially dropped Western Australia’s ban on uranium mining, paving the way for the development of a new sector.

West Perth-based Western Areas has begun the tender process for nickel concentrate offtake that will be available after the expiry of its contract with Jinchuan Group later this year.

Horizon Oil has called on Roc Oil Company to terminate their merger agreement after board members at Roc unanimously recommended a takeover from Fosun International.

Technology giant Siemens has announced plans to develop a new service centre at Perth International Airport to provide maintenance and repair facilities for its customer base in the water, mining, oil and gas and associated industries.

Construction and mining services company Watpac has won a contract to provide services to Hanking Gold Mining’s Cornishman pit at its Southern Cross operation.

Nido Petroleum directors have unanimously recommended off market takeover bid by BCP Energy International, subsidiary of Thai oil refinery Bangchak, for 5.5 cents per share.

Atlas Iron boss Ken Brinsden has hosed down takeover speculation of his company, but says its shares are good value.