Gindalbie Metals and Ansteel have signed another joint venture agreement to target new resource development opportunities in Australia outside of the $1.8 billion Karara iron ore project in the Mid West.
Woodside Petroleum has posted a rise in annual net profit and says sales revenue was down on lower commodity prices despite a positive boost from foreign exchange movements.
The central bank says Australia is experiencing a surge in mining activity driven by commodities demand from China and India that could last more than 15 years and expects the mining industry to double in size over the next few years.
Rio Tinto has started production at its $US901 million ($A999.3 million) Mesa A/Warramboo iron ore mine in the Pilbara, three years after a rare microscopic spider threatened to halt the development.
Nickel miner Minara Resources says it expects to book a profit of $48.5 million for calendar 2009 on the back of higher revenue and a drop in production costs.
Media mogul Kerry Stokes has injected $7 million into explorer Iron Ore Holdings as investigations continue over the possible acquisition of its Iron Valley project by Rio Tinto.
The globally-respected Western Australian School of Mines campus in Kalgoorlie will inevitably be closed unless far reaching changes are made, some of the school's most prominent graduates have warned.
The state government's commitment to improving the mining approvals process has been endorsed by new figures that show it has made progress in reducing its backlog of approvals.
A strengthening nickel price and reduced operating costs have lifted Mincor Resources' earnings into the black, with the nickel miner today booking a $14.2 million interim net profit after tax.
Gindalbie Metals has today awarded two, key project management and construction services contracts, valued at a combined $140 million, for its Karara iron ore project to WorleyParsons and AMEC Minproc.
Less than a year after planned production was due to start, Apache Corporation says its Van Gogh oil project in the Exmouth Basin has started operations today.
Shares in Regis Resources closed higher after it settled a potential liability of $24 million with Newmont Mining, paving the way for the company to finalise funding for its Duketon gold project.
Western Areas has declared its first dividend payment after it reported a turnaround to profitability for its first half-earnings due to higher production and improved nickel prices.
Shares in Monadelphous were higher after the engineering services company delivered a record half-year profit of $40.5 million, boosted by growth in the energy and infrastructure sectors.
Paladin Energy appears to be on the path to profitability, with the uranium miner today reporting a $19 million interim net loss, up from the previous corresponding period's $475.6 million loss.
Consolidated Minerals has sold its 24.7 per cent shareholding in Jabiru Metals, with East Perth-based Metals X picking up a 19.99 per stake in the miner.
Speculation from Treasurer Troy Buswell of increases to state mining royalties is damaging to the resources sector and likely to send investor cash to the banks rather than projects.
Union members at several of Alcoa Australia's Western Australian sites are preparing for industrial action tomorrow as negotiations continue for a new enterprise bargaining agreement.
Shares in emerging lithium producer Galaxy Resourecs have climbed almost 10 per cent after announcing it received the project approval and business licence for its China lithium carbonate plant in Jiangsu province.
A month after announcing an equity investment restructuring at its Fisherman's Landing LNG plant, Liquefied Natural Gas has agreed to sell the plant and associated infrastructure to Arrow Energy for $51 million.
Engineering and construction company Decmil Group has reported an after tax profit of $9 million for the first half of 2009/10, largely on the back of significant contract wins by its subsidiary, Decmil Australia.
Shares in Galaxy Resources were higher after the company finalised a long-term shipping contract for the transport of spodumene concentrate from the Esperance port to China.
Preparations for the Browse gas development have begun with Woodside Petroleum awarding several contracts for the initial design phase, a day after the joint venture partners selected a gas processing site.
Mining giants Rio Tinto and BHP Billiton are believed to have finalised the seven member senior executive team that will run their iron ore joint venture in the Pilbara.
The Western Australian government is set to gain full ownership of Australia's only gold refinery after the three partners in AGR Matthey decided to dissolve their partnership.
Two Tony Sage-led companies plan to raise up to $260 million as a condition of deals to acquire businesses associated with controversial businessman Frank Timis.
Disgruntled workers at the Pluto gas project will be offered a deal later this week after Woodside Petroleum, project manager Foster Wheeler Worley and unions came to a compromise over motelling plans.
Woodside Petroleum CEO Don Voelte this afternoon said he is 95 per cent confident Woodside's Browse project will go ahead after the project's joint venture partners agreed on James Price Point as the location to process the gas from the Browse Basin field
Sandfire Resources gained more than five per cent today after reporting positive results from last year's diamond drilling programme at the DeGrussa Copper-Gold Project, part of its wholly-owned Doolgunna Project in WA.
