Mincor Resources says it will restart its Miitel nickel operation, more than a year after it halted production due to the financial crisis, but warns the proposed super profit tax places the mine in a precarious position.
Galaxy Resources says the proposed resources super profit tax will not affect its operation near Ravensthorpe, with profits from the mine to come from a Chinese entity not subject to Australia's tax laws.
Shares in Perth-based Northern Star skyrocketed today after it agreed to buy the Paulsens gold operation in the Pilbara from Intrepid Mines for $27 million.
Leighton Holdings' value of work at Chevron's massive Gorgon gas project has risen past $1 billion after it, in consortium with Saipem, was awarded a further $150 million of work to build the project's liquefied natural gas jetty and marine structure.
Iron ore veteran George Jones says the next resources boom is being threatened by the proposed super profit tax as a group of fired-up mining executives today gathered to again express their anger at the Rudd government.
The capital cost of stage one of Gindalbie Metals' Karara iron ore project in the Mid West has risen by 20 per cent after accounting for increases to the operation's scope and infrastructure capacity.
Atlas Iron expects to capitalise on the high iron ore prices after the Port Hedland Port Authority granted it permission to make additional shipments in the next few months.
International ratings agency Fitch has indicated that while the Commonwealth's proposed super profits tax on the nation's mining and resources outfits "isn't good news for Australian miners", it will not affect the ratings of these companies.
A new seismic survey passing through Western Australia's rich iron ore, copper-lead and gold regions has commenced hoping to improve understanding of the valuable resources buried under the ground of north-west WA's crust.
Civil contractor Brierty has won an $18 million contract with Mount Gibson Iron for the construction of a haul road to the Extension Hill mine site located 260 kilometres south east of Geraldton.
Toro Energy has decided not to exercise an option to acquire Deep Yellow's Napperby uranium project in the Northern Territory, saying the $57 million price tag is too high.
Perth-based Dourado Resources has boosted its exploration portfolio following the acquisition of unlisted public company Zelta Holdings for $1.2 million.
Miners and lobby groups have responded furiously to the federal government's intention to introduce a new resource super tax with BHP Billiton chief Marius Kloppers saying it will impact the future wealth of all Australians.
Jabiru Metals has given the go-ahead for the $32 million development of a second operation at the Jaguar copper-zinc mine, located 300km north of Kalgoorlie.
Shares in Po Valley Energy more than halved today after the Perth-based company warned that production and reserves at its Castello gas field in Italy may fall.
A survey of the country's oil and gas industry has revealed the sector paid $8.8 billion in tax in 2008-09, the highest level since data was first collected in 1987-88, the Australian Petroleum Production and Exploration Association says.
Woodside Petroleum says partners in the Sunrise joint venture have decided on a floating liquefied national gas facility rather than an onshore plant at either Darwin or Timor-Leste (East Timor).
Former Regis Resources managing director David Walker has reportedly pared back his claim for damages against three of the company's directors, who successfully rolled the board last year.
