Turmoil on global equity markets and the uncertain project outlook in Australia are continuing to weigh on the mining services sector, despite recent large contract wins and generally positive fina
Fortescue Metals Group has again looked to debt to improve its cash holdings, upsizing its new credit facility by $US500 million ($A489.6 million) to $US5 billion ($A4.9 billion).
The Chamber of Minerals and Energy says June quarter results for Western Australian mining companies are cause for cautious optimism, with Chinese demand “unlikely to slow down drastically”.
Syndicated Metals has completed a $2.85 million capital raising to fund exploration and evaluation of its copper-gold project portfolio near Mt Isa in northern Queensland.
Perth-based gold explorer International Goldfields has announced a cash and scrip merger agreement with United States-based Santa Fe Gold Corporation, to create a diversified gold and silver miner
Gold explorer Boadicea Resources has made a positive start to life on the Australian Securities Exchange, its shares closing at almost three times their issue price on debut today.
The chairman of Exxon Mobil Australia has warned that the soaring costs of doing business threaten the nation's much-anticipated liquefied natural gas boom.
Iluka Resources' share price slid more than six per cent after the mineral sands miner posted a big fall in third quarter sales revenue due to lower production and demand.
Toro Energy has brushed off threats by anti-nuclear groups to challenge ministerial environmental approval of its Wiluna uranium project in Western Australia.
PMI Gold Corporation has entered an agreement with a syndicate of underwriters to raise $C100 million ($A99 million) for the development of its Obotan gold project in Ghana.
Shares in rare earths miner Lynas have plummeted after a Malaysian Court delayed the start of production at its plant to consider an application by opponents.
Perth fashion icon Ruth Tarvydas has blamed rocketing rents, inner-city roadworks and general economic malaise for the collapse of her King Street boutique, which will close in seven days.
Alumina received no dividends from its joint venture partner Alcoa in the three months to September after the US company posted a third quarter loss of $US143 million ($A140.9 million).
Elk Petroleum has completed a $5 million capital raising to fund the expansion of the Ash Creek oil field on the border of Wyoming and Montana in the United States.
The first uranium mine in Western Australia is two steps away from being a reality, with state Environment Minister Bill Marmion granting final environmental approval to Toro Energy'
Fortescue Metals believes iron ore prices will firm in the short term and the company will emerge stronger despite shedding 1000 jobs and shelving its expansion plans.
St Barbara subsidiary Gold Ridge Mining will pay GR Engineering $2.65 million as part of a settlement of court proceedings relating to an engineering and services contract at the Gold Ridge mine in
Explorer Victory Mines made a modest debut on the stock exchange but is hopeful of following in the footsteps of Australian rare earth trailblazer Lynas.
Ramelius Resources has given the final go-ahead for the development of its Western Queen South gold project near its existing Mt Magnet gold mine in the Mid West.
Helix Resources has signed an agreement with Japan’s Mitsubishi Materials Corporation for the development of the Joshua copper project in Chile that could be worth up to $19.5 million.
The mining boom has helped cut unemployment in regions well away from Queensland's coal mines or Western Australia's iron ore deposits, the Reserve Bank of Australia says.
Aquila Resources is considering outsourcing infrastructure and services facilities at its planned West Pilbara Iron Ore project after revealing capital costs for the development have blown out to $
Mining services group Ausdrill has refinanced its debts, announcing today it had signed a new three-year, $550 million dual currency facility with a syndicate of banks.
