Mining

Perth-based Liquefied Natural Gas has agreed to buy out Anadarko Petroleum Corporation’s Bear Head LNG project for $US11 million.

Mermaid Marine Australia managing director Jeff Weber has defended the company’s stance on negotiations with the Maritime Union of Australia, after employees at its Dampier Supply Base said on Friday they would strike for 10 days.

Perth based copper explorer Avanco Resources has finalised a deal with global resources funds management giant BlackRock, which will provide $US12 million to fund development of the Antas North site in Brazil.

Mining services company Boart Longyear has said the fall in demand for its products may be over, but warned analysts are over-estimating what the company will earn in 2014.

Kalgoorlie-based MacPhersons Resources has announced a new share placement to raise up $10.4 million to fund a bankable feasibility study on its Nimbus silver project.

Gold and copper explorer Silver Lake Resources has reached agreement with Newcrest Mining for acquisition of its share of the Mount Monger joint venture for around $1.5 million.

Gold prices have rebounded as investors step in to scoop up the metal amid conflicts in Ukraine and the Middle East.

Great Western Exploration has announced the appointment of Terry Grammer to its board as a non-executive director.

Sundance Resources has taken a step toward production at its Nabeba iron ore project after signing an agreement with the government of the Republic of Congo and Congo Iron.

Despite fresh conflict in the Middle East, Woodside Petroleum would love to have been involved in the Leviathan project off Israel.

Australian goldminer Kingsgate Consolidated has notched up a record annual production result as it adapts to volatile operating conditions.

Former Newmont Mining Australian exploration director Lynda Daley has been appointed managing director of gold, base metals and nickel explorer Sipa Resources.

Gold futures have fallen to a five-week low after data showed Chinese demand for physical gold fell during the first half of 2014.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

Subiaco-based Greenland Minerals and Energy has awarded a competitive tender to a North American-based firm with a Perth office, for detailed engineering design aspects of a feasibility study for its Kvanefjeld rare earth elements project in Greenland.

Coogee Chemicals has partnered with Mitsubishi Corporation to establish a new fuel terminal in South Australia.

Perth-based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.

Newcrest Mining has beaten its annual gold and copper production targets, but warns it is facing a hit of up to $2.5 billion after reviewing its mining assets.

Atlas Iron is cutting costs and ramping up production as it offers discounts of up to 10 per cent to Chinese customers.

Gold prices have edged lower, as negotiators work to end fighting between Israel and Hamas.

World oil prices have advanced after the US government reported a surprisingly large decline in the nation's oil inventories.

Latin Resources’ Guadalupito project has moved a step forward with the appointment of bespoke natural resource financial advisory Northcott capital as funding consultant for the project

Mid-tier iron ore miner Mineral Resources’ $70 million investment in six new trains has kicked off its stated 20-year commitment to the Yilgarn region.

Phoenix Gold has awarded a number of mining contracts for its Kintore West open cut mine for undisclosed amounts, as part of the company’s staged development plan.

Balcatta-based Sirius Resources has announced a $189 million capital raising to help develop its Nova nickel project near Norseman.

Resources giant BHP has produced record volumes of iron ore and coal after lifting its output of both commodities 20 per cent.

Gold futures have retreated, as investors eye the situation in Ukraine and as US economic data point to continued recovery.

Oil prices have fallen modestly despite geopolitical tensions over war-torn Ukraine and a raging battle in the Gaza Strip.

Antares Energy shareholders have fought off a board challenge from activist US fund Lone Star.

The chief of resources giant BHP Billiton has urged Labor and the minor parties to help the Abbott government repeal the mining tax, saying investment is being destroyed by "a lot of antics" in the Senate.

Perth-based mineral explorer GBM Resources has announced plans to raise $1.14 million through the placement of 57 million shares to investors valued at 2 cents per share.

Australia's largest gold miner Newcrest is preparing to fight a class action by shareholders hurt by a massive financial writedown in 2013.