Mining

Nickel miner Western Areas has delivered a slim interim profit in the face of a falling nickel price and continued strength in the Australian dollar.

Iron ore miner Fortescue Metals Group has appointed two new board members, including its first female director.

Santos' full year net profit has dropped by nearly a third but the oil and gas producer still expects to meet its production targets in 2013.

The Reserve Bank of Australia says the mining investment boom is close to its peak.

Oil and gas giant PetroChina wants to buy part of ConocoPhillips' stake in two oil and gas exploration projects in Western Australia.

Evolution Mining has announced a $40.7 million interim net profit, on the back of a 98 per cent jump in gold production.

Gold miner St Barbara has slumped to a net profit of $2.5 million for the six months to December 31, driven down by its acquisition of the Gold Ridge and Simberi mines in Papua New Guinea during th

Experienced Aboriginal contracting group Eastern Guruma has teamed up with a new entrant to the sector, Wirlu-murra Yindjibarndi Aboriginal Corporation, to win a $200 million contract in the Pilbar

Internet and communication technology group UXC Connect has won a $4.1 million contract to provide IP surveillance and security solutions for a major West Australian liquefied natural gas project.

Mining contractor MACA has strengthened its balance sheet through a $56 million share placement priced at $2.50 per share, which is slightly below recent highs but above the price at which it had b

Mermaid Marine has booked an 18 per cent jump in interim net profit, on the back of strong demand for the company’s vessel, supply base and slipway services from ofshore oil & gas projects in t

Neptune Marine has won a $6 million contract with Eni at the Blacktip gas field, 110 kilometres off the north coast in the Timor Sea.

Contractor NRW Holdings has reported a solid increase in half-year profit but signalled a slowdown in its business, particularly its contract mining division, in the second half of the year.

Alumina's full year net losses have blown out and the troubled aluminium producer is bracing itself for more uncertainty ahead.

Mining on the moon may move from science fiction to reality faster than most people think and Australia can play its part, a lawyer says.

Engineering and construction group Ausenco has forecast further growth in 2013 after reporting a full year net profit of $41.4 million, a 57 per cent jump on the previous year.

Atlas Iron will book a non-cash impairment of $258 million following a review of some of its exploration projects, but says its development plans are unchanged.

Iron ore miner Fortescue Metals has rejected suggestions that it is vulnerable because Chinese steel use is waning, saying that country's urbanisation had more than another 20 years to run.

Transport and logistics group Toll Holdings has lifted its first half profit by more than 20 per cent and expects stronger earnings for the rest of the year.

Shares in Woodside Petroleum have hit an 18-month high as the group delivered higher esarnings from its Australian oil and gas assets and outlined plans to invest in two overseas projects.

Mount Gibson Iron says the sharp drop in iron ore prices last year that forced it to strip out costs means it is well positioned now that the market has recovered.

Civil and mining contracting firm Brierty has reported a significant lift in net profit to lodge a third consecutive record half-year result.

The Australian Greens have accused Labor of putting the interests of big miners ahead of the national interest and the environment.

Engineering and construction firm Decmil Group has lodged a net profit increase of 79 per cent for the half year ended December 31, shrugging off a slowdown across some of its operations.

Transportable housing manufacturer Fleetwood has confirmed an 81 per cent fall in half year net profit.

One of Australia's biggest unions is to campaign for a national domestic gas reserve to make energy cheaper, boost manufacturing jobs and produce cleaner energy.

Engineering services company Calibre has lifted its first half profit by 12.3 per cent due on the back of continued new contract success. 

Macmahon Holdings has rejected the latest takeover offer from Indian-owned firm Sembawang Australia, saying it was incapable of being practically implemented.

Shares in Transfield Services have dived by more than six per cent after it warned it would have to make up to $285 million in asset writedowns.

Steel and mining group Arrium has fallen further into the red as the high Australian dollar and weak construction markets cause a massive writedown on its assets.

Shares in engineering construction firm Monadelphous have tumbled despite the group posting a record first half profit.