LESS than 500 metres apart, two West Perth construction sites tell the story of the rapidly changing landscape in resources sector investment and the cascading effect on aligned industries.
Catalyst Metals chairman Nathan McMahon says he will defer his salary as the company begins its strategy to reduce its non-core assets in light of the financial crisis.
The planned listing of billionaire Clive Palmer's Resource Development International in Hong Kong has been delayed, Australasian Resources confirmed today.
Shares in Atlas Iron have climbed as much as 14 per cent today on the back of a substantial increase in its Pilbara iron ore deposit, as the board prepares to meet following last week's shocking events.
Shareholders will now decide on the outcome of Mount Gibson Iron's deals with Chinese companies APAC Resources and Shougang, after final binding off-take agreements were signed today.
Privately-owned Talison Minerals said some 200 jobs will be lost as it suspends work at its Pilbara located Wodgina mine, the worlds largest tantalum operation.
Former Western Australian Premier Carmen Lawrence has today been appointed to the board of the Rio Tinto WA Future Fund, replacing founding board member Kerry Sanderson.
Petroleum company Royal Dutch Shell has reportedly agreed to sell an annual 2 million tonnes of liquefied natural gas over a 20-year period to a Chinese company, with the undeveloped Gorgon project in Western Australia to be tapped for supplies.
OZ Minerals says it will defer $20 million of work at its Golden Grove operation in Western Australia, as part of a wide ranging review of its assets in light of the financial crisis.
Civil contractor Brierty has warned shareholders of a slower second half for the 2009 financial year as customers, including Fortescue Metals Group, defer work.
Cooper Energy has pulled out of the offshore Seruway Production Sharing Contract located in North Sumatra, Indonesia incurring a $19.8 million write-off for the oil producer.
Phosphate Resources will shutdown its Christmas Island operations for more than six weeks over the the New Year due to a lack of demand from its Malaysian and Indonesia markets.
Speaking at Fortescue Metals Group's AGM this afternoon, the Perth-based mining company's chief executive, Andrew Forrest announced his company has enhanced long term contracts with its Chinese customers.
Apex Minerals has commenced commissioning of the plant and increased gold ore reserves at its cornerstone Wiluna mine, extending the projected life of the mine to four years.
Straits Resources is reviewing the viability of two if its copper mines, including the Whim Creek copper mine in WA, after a dramatic drop in the world copper price.
PERTH company AgritechSmart-Water has commissioned an economic review of its plans to use Wellington Dam as a major new source of water for the South West.
WOMEN in the resources sector are mystified why none of their number were called up for a new committee to advise state Mines and Petroleum Minister Norman Moore (pictured).The 12-man group consists m
ONCE the most energetic and successful married couple in global mining, Phil and Viv Snowden have re-emerged after 18 months with plans to take on a new industry - wine.
Perth-based explorer Bauxite Resources has signed an MOU with a Chinese group, aimed at establishing a 'farm-in' type arrangement for exploration at the company's Darling Range tenements for all minerals other than bauxite.
Latest figures from the Australian Bureau of Agricultural and Resource Economics show that capital spending on mining and energy projects has fallen from its peak levels, though WA still accounts for the majority share.
Resolute Mining has finalised details of its capital raising aiming to generate up to $72.5 million to complete the re-development and ramp up of the Syama gold project in Mali and maintain the company's other development activities.
Mineral Resources has forecast its profits in the FY2009 could potentially fall by 32 per cent following this financial year's profit growth of 133 per cent.
Western Australia's uranium players have jumped up in trading today after the state government yesterday lifted a ban on uranium mining, a move strongly backed by WA business lobby groups.
