Drilling services company Boart Longyear has released its third earnings downgrade in nine months, saying demand for its services has continued to weaken because mining companies are scaling back on exploration.
The proposed Anketell Point port project in the Pilbara, which is unlikely to proceed for the foreseeable future, has been approved by federal Environment Minister Tony Burke, subject to 45 strict conditions.
The share price of minerals explorer Aquila Resources took a hit after its Japanese joint venture partner pulled out of some of its Queensland coal exploration permits.
News of the decision by Japan's Sumitomo to pull out sent Aquila shares down a fraction over 11 per cent on Monday.
The credibility of Liberal and Labor election promises are both under question, with Troy Buswell admitting the Liberals three major pledges are reliant on being half funded by the Commonwealth, and Treasury releasing its costings of Labor's Metronet rail plan.