Cash-strapped oil and gas company Nexus Energy has warned shareholders it will likely be forced into administration if a planned takeover by Seven Group Holdings fails to win approval.
The latest round of Western Australia’s Exploration Incentive Scheme will pump almost $5 million into the search for minerals and petroleum at a crucial time for the state’s resources industry.
Sundance Resources has appointed Portuguese construction company Mota-Engil Africa to build the $US3.5 billion port and rail infrastructure for the Mbalam-Nabeba iron ore project.
Iron Ore Holdings’ Buckland project has been deemed technically and commercially viable following the completion of a feasibility study at a cost of about $30 million.
Poseidon Nickel has restarted mine refurbishment activities at the Windarra mine site and employed new managers as it prepares for potential production later in the year.
Copper prices recorded their steepest drop in seven weeks on concerns that a Chinese probe into the use of metal for obtaining loans would hurt demand.
A new joint venture between the tertiary education sector and industry is seeking to bring engineering firms and local graduates together in an effort to streamline employment opportunities.
Oil and gas explorer New Standard Energy has sought to assure shareholders it is committed to its projects in Western Australia after deferring all of its Canning and Carnarvon Basin drilling activity until 2015.
International engineering contractor Bechtel is seeking to diversify its local business by securing work on sustaining capital projects in the mining sector.
BHP Billiton has confirmed it is reviewing its iron ore operations, after it was revealed last week job cuts were likely following a review at its Worsley Alumina operations south of Perth.
Origin Energy says it had to act after agreeing to fork out up to $US800 million ($A865.57 million) for a stake in a new gas project off the Western Australian coast.
Oil prices have finished lower on mixed economic data and signs of higher crude output from members of the Organisation of Petroleum Exporting Countries (OPEC).
The slump in the price of iron-ore to near 20-month lows has failed to halt the development of assets in Australia and overseas, despite ongoing cost cutting across the sector.
Canada-focused explorer Coalspur Mines says it stands little chance of developing its flagship Vista thermal coal project in the near-term as tough equity market conditions threaten the company's ongoing viability.
Perth drilling company Enerdrill has been selected to provide drilling rig services to AWE and Titan Energy’s Perth Basin exploration permit for an undisclosed amount.
Fortescue Metals Group has called for the phasing out of the state government’s contentious domestic gas reservation policy, which has traditionally been backed by big gas buyers, in favour of stricter application of the ‘use it or lose it’ rules.
Chinese steel giant Baosteel and listed railway operator Aurizon have cleared a key hurdle in their $1.4 billion joint takeover bid for Perth-based Aquila Resources, with the Foreign Investment Review Board giving the green light to the proposed deal.
Perth oil and gas explorer Rey Resources has agreed to farm into the Dunnart-2 exploration well joint venture in the Perth Basin with Key Petroleum and Caracal Exploration.
The CEO of Exxon Mobil Corp says alternative fuels will grow but that oil will remain the world's leading source of energy for another quarter century.
