World oil prices have fallen as traders eye the imminent resumption of Libyan crude exports and Iraqi output remains unaffected by ongoing fighting in the country.
The share price of Perth copper producer Aditya Birla Minerals risen 19.5 per cent on the announcement that its Nifty underground copper mine had been cleared to resume operations.
Perth-based explorer Zenith Minerals has acquired 51 per cent interest in Fitzroy Resources’ Rookwood project, with an option to purchase the remainder.
Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel’s Black Swan project near Kalgoorlie for an undisclosed amount.
FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.
Perth-based oil and gas company Antares Energy has received a fresh $US300 million offer from an undisclosed party for its Permian Basin oil and gas assets in Texas, less than six months after it backed out of a previous sale agreement.
Norton Gold Fields is poised to succeed in its Bullabulling Gold takeover bid after the Perth explorer begrudgingly accepted the increased takeover offer of 8 cents per share.
Graphite and nickel exploration company Kibaran Resources has raised $3.1 million through a share placement, just months after it completed a similar placement in February.
Western Australian small-cap explorer Impact Minerals has announced a successful $2.59 million capital raising to fund drilling projects in New South Wales.
Gold prices have ended lower, after better-than-expected jobs data showed the US recovery may be gaining traction, prompting traders to take profits on the precious metal's recent gains.
Silver Lake Resources has flagged more job losses in July with the announcement that it plans to close its Lakewood facility in Kalgoorlie, which is the company’s second plant to shut down this year.
Western Australia-based Southern Cross Electrical Engineering has won a $25 million contract with BHP Billiton Iron Ore for electrical and instrumentation works at the Yarnima power station near Newman.
Doray Minerals’ founding directors Allan Kelly and Heath Hellewell have won the Association of Mining and Exploration Companies’ prospector of the year award for 2014.
Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Oil prices tumbled on Wednesday on the prospect of higher Libyan output joining ample global supplies and as traders continued to book profits from a sharp rally a week ago.
Gold prices have shuffled between gains and losses, as traders weigh violence in Ukraine and the Middle East against the possibility of a stronger-than-expected US jobs report.
BHP Billiton has celebrated sending its one-billionth tonne of iron ore to Japan at a ceremony in Port Hedland to mark almost 50 years of the business partnership.
Buru Energy managing director Keiran Wulff announced his resignation today as the oil and gas exploration firm appointed two new non-exececutive directors.
Perth nickel miner Western Areas has made a $95 million repayment of convertible bond debt from its existing cash reserves, with a $125 million bond repayment still remaining.
World oil prices have slipped on profit taking and marginally easing concerns about the Iraq crisis, while in the US a storm sparked fears about lower gasoline demand.
A convoy of truck drivers headed by WAFarmers and the Wheatbelt Railway Retention Alliance drove through parts of Perth today to demonstrate their opposition to the closure of the Tier 3 rail lines.
