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Mining

Brierty battles through perfect storm

When earthmoving contractor Brierty Ltd ran off the rails, so to speak, with two profit downgrades in the space of six weeks during April and May this year, it laid bare some of the major pitfalls of operating in a boom-time environment.

Apache expects repairs to start soon

Apache Energy expects repairs to the damaged pipeline area at its Varanus Island gas facility to start shortly after demolition work started today.

FMG to boost Indigenous employment

Fortescue Metals Group has partnered up with the state government to create jobs in the mining sector for Indigenous people by improving their driving skills.

Ausdrill MD ups stake in company to 14%

Ausdrill Ltd managing director Ron Sayers has spent $8.1 million boosting his stake in the company over the past two days, as it continues to fend off a takeover bid by Macmahon Holdings Ltd.

Australasian project worth $3bn

A study has valued Australasian Resources Ltd's share of the Balmoral South iron ore project in the Pilbara at $3 billion, highlighting the economic viability of the operation that has a 28 year mine life.

Broadbent retires from Woodside

Perth-based Woodside Petroleum Ltd has announced the retirement of director Jillian Broadbent following 10 years of service.

Monarch, Pure Energy in trading halt

Shares in Perth-based resource companies Monarch Gold Mining Company Ltd and Pure Energy Resources Ltd have been placed in a trading halt.

Junior wins against FMG over iron ballot

West Perth-based Hemisphere Resources Ltd has fended off the likes of Fortescue Metals Group Ltd and Brockman Iron Ltd to win a ballot for a Pilbara iron ore tenement close to Rio Tinto's Yandicoogina mine.

Cougar Metals plans $2m raising

Subiaco-based Cougar Metals NL plans to raise $2 million to fund the development of its Brazilian mineral drilling business and continue work on its Pyke Hill nickel project in Western Australia and Alta Floresta gold project in Brazil.

Production starts at Parsons oil field

South Perth-based Cooper Energy Ltd has started production at its Parsons oil field facility in the Cooper Basin in South Australia.

$1.1m China order for Advanced Engine

Malaga-based Advanced Engine Components Ltd has received an order for over 300 natural gas vehicle system kits from Weifang Weichai Peterson Gas Co Ltd in China.

Today's Business Headlines

Cause of gas blast is still top secret; Burnt car dealer sues Euroz over Opes loss; Cazaly eyes another big Rio iron ore prospect; B&B keeps bankers on side; Super fund returns worst for 20 years

CBH plans corporate restructure

Base metals miner CBH Resources Ltd, which is planning to merge with Perth-based Perilya later this year, is undertaking a major corporate and operational restructure to help it withstand falling commodity prices.

Call for 2nd gas pipeline misguided:APIA

Calls from the federal opposition for a second gas pipeline to protect the state's gas supply are misguided, the Australian Pipeline Industry Association said today.

Tiger Resources to list on TSX

Balcatta-based resource company Tiger Resources Ltd has received approval to list its ordinary shares on the Toronto Stock Exchange and plans to list early next month.

Redbank raises $1.2m to reduce debt

Perth-based small scale copper miner Redbank Mines Ltd plans to reduce its debt facility with Macquarie after raising $1.2 million from the issue of 24 million shares at 5 cents each.

Softening job market in NSW, Vic

Two of Australia's resources-rich states, Western Australia and Northern Territory will continue to hire more employees than they lose in the next six months while New South Wales and Victoria employers have a bleaker outlook, according to Talent2 survey.

Rio invests $373m in driverless trains

Rio Tinto plans to invest $373 million to introduce driverless trains to its Pilbara operations as part of its plans to boost production.

Tap Oil resumes production at Woollybutt

West Perth-based oil company Tap Oil Ltd has restarted production at the Woollybutt field after technical and compliance issues cause it to be shut down earlier this year.

Haddington drops Underdale acquisition

Diversified base metals explorer Haddington Resources Ltd will not go ahead with its acquisition of Adelaide-based drilling company Underdale Drillers.

Monarch suspends Davyhurst operation

Monarch Gold Mining Company Ltd has suspended mining activities at its Davyhurst open pit mine due to continued underperformance.

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