Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
Treasurer Wayne Swan has slammed mining magnate Gina Rinehart for insulting Australian workers after she called for a cut to the minimum wage and accused people of being jealous of the wealthy.
Sumatra Copper & Gold has raised $3.78 million through a share placement, with Australian investment house Provident Capital Partners emerging as a cornerstone investor.
A Western Australian company director has been convicted of managing a corporation while disqualified, following an investigation by the Australian Securities and Investments Commission.
Engineering firm WorleyParsons has posted an improved underlying full year profit despite the impact of uncertain economic conditions and the high Australian dollar.
Ausdrill has completed its acquisition of the Best Tractor Parts Group, announcing today it has agreed to pay $165 million for the earthmoving and tractor equipment retailer.
The administrators for collapsed miner Kagara have appointed PCF Capital to sell the company’s north Queensland assets, while Rothschild Australia will co-ordinate the sale of the Admiral Bay zinc-lea
Australia's third largest iron ore producer, Fortescue Metals Group, has reported a strong rise in net profit as it powers towards its goal of tripling annual production but the company is wary about
Quickflix shares have jumped after it announced it had kicked off formal negotiations with potential strategic investors interested in helping the Perth-based entertainment company expand its presence
Mining giant BHP Billiton has cancelled or postponed its two largest expansion projects, with the Olympic Dam development in South Australia formally scrapped today and the Outer Harbour project at Po
Woodside Petroleum's first half profit has fallen slightly because of the costs of starting up its massive Pluto liquefied natural gas project, which will remain at current capacity after a failed exp
Perth-based engineering group Calibre has won a $150 million service order from Rio Tinto to provide engineering, procurement, construction and maintenance services at the Yandicoogina project in the
Mirvac's streamlining strategy and favourable property revaluations have contributed to a significant rise in its full year net profit, despite problems in its development business.
Oil and gas giant Chevron has divested its holdings in the controversial Browse development off the Kimberley coast in exchange for increased holdings around its Wheatstone gas project, currently held
Agricultural investment company AACL Holdings and international trading group Glencore Grain say they are still negotiating $7 million in funding support for AACL, after failing to meet self-imposed d
