Japan's Inpex Corporation says production will cease this month at its Griffin oil joint venture off the coast of Western Australia, 15 years after operations first started.
Galaxy Resources has extended its relationship with unlisted public company General Mining Corporation, with the pair forming an alliance to explore for lithium in Kazakhstan and Mongolia.
Bibra Lake-based Mineral Resources will earn a large share of the profits after it struck a farm-in agreement with Reed Resources over the Mount Marion lithium project in the Goldfields region.
The merger between Subiaco-based Sylvania Resources and Finnish company Ruukki Group has been terminated due to difficulties experienced with the merger implementation.
Shares in East Perth-based Legacy Iron Ore have surged 67 per cent higher after it entered into a potential joint venture deal with Lachlan Capital Partners over its Robertson Range and Hamersley iron ore projects in the Pilbara.
Woodside Petroleum remains confident of pushing ahead with its fast-tracked expansion of its Pluto liquefied natural gas project, despite missing out on third party gas supply agreements to rival LNG developer Chevron.
West Perth-based Sphere Investments has extended the sale process of a 51 per cent stake in the Geulb el Aouj iron ore project in Mauritania as $US500 million is shaved off the capital cost estimate.
Training Minister Peter Collier has today opened a simulated underground mine at Central Tafe, which will give students a taste of underground mining life without leaving the city.
Apache Corporation and Kuwait Foreign Petroleum Exploration Co have teamed up with Chevron over the $25 billion Wheatstone gas project, leaving Woodside Petroleum to look elsewhere for extra gas supply sources for its Pluto expansion.
Red Fork Energy expects to make an additional $1 million each year in revenue after it struck a deal with a US company to market gas from its Pawnee prospect.
Shares in Sandfire Resources climbed higher today after exploration work pointed to a new discovery at its Doolgunna copper-gold project, 150 kilometres from Meekatharra.
Joint venture partners Nido Petroleum and Kairiki Energy have sold a combined 15 per cent interest in the Tindalo oil project in the Philippines to international commodities trader, Trafigura, for $12.7 million.
BHP Billiton chairman Don Argus says Australia needs policies to ensure foreigners do not squeeze out locals to invest in the country's natural resources.
Galaxy Resources says it will award a key contract for its Jiangsu lithium processing facility after today revealing a slight increase in the operation's capital cost estimate of $55 million.
South Korea's Hyundai Heavy Industries and GE Oil and Gas have been awarded a collective $2.46 billion worth of work on the Gorgon gas project, taking the total amount of contracts awarded to just under $9.5 billion.
Environmental bonds for the state's mining industry will remain unchanged until the end of next year, as the government extends the existing moratorium to help miners weather the global economic crises.
Shares in Po Valley Energy closed higher today as it began commissioning its first gas field in Italy, with first gas sales expected by the end of the year.
Shares in Breakaway Resources have not been affected in trading today after announcing it will recommence drilling at it's Scotia Nickel mine project, located 70 kilometres northwest of Kalgoorlie, by early November.
Asset impairments and one-off items totalling $52.2 million substantially impacted Territory Resources' bottom line with the iron ore miner reporting a full-year loss of $71.4 million.
Shares in Moly Mines surged higher today after the company last night announced a $US700 million deal with privately-owned Chinese company Hanlong Mining Investment for its flagship Spinifex Ridge molybdenum project in the Pilbara.
The cost of developing the PNG LNG project, which is competing with Western Australian gas projects for customers and resources, has lifted by 20 per cent to US$15 billion (A$16.7 billion).
South Perth-based Central Petroleum says it will launch proceedings against joint venture partner Petroleum Exploration Australia after the latter failed to execute a key contract condition after Red Sky Energy joined as a partner.
The awarding of contracts for the massive Gorgon gas project is gathering pace with operator Chevron so far handing out about $7 billion worth of work, including the latest $810 million contract to Dutch group Boskalis.
Hannans Reward managing director Damian Hicks will go ahead with the listing of his other company, Scandinavian Resources, which will launch its $6.5 million initial public offer next month.
