Perth-based Tasman Resources has demanded that former joint venture partner WCP Resources pay $713,848 after it declared force majeure on the Lake Torrens project in South Australia.
Shares in Albidon have slumped as much as 43 per cent as the nickel miner places its Munali operation on care and maintenance and lays off some 350 employees and contractors.
Commodity exports are forecast to fall by 17 per cent in the 2010 financial year but farm export earnings are expected to rise over the next two years, a report for the nation's commodities forecaster says.
Two Japanese companies will buy into the Lake Maitland uranium project in Western Australia after owner Mega Uranium sold a 35 per cent stake for $77 million.
Write-downs totaling $17.6 million and a sharp fall in the nickel price has resulted in Panoramic Resources reporting an $8.6 million loss for the half-year.
BURSWOOD Entertainment Complex has become the first major Western Australian employer to sign up to the Australian Employment Covenant, a scheme designed to provide 50,000 jobs for indigenous Australians.
TWO peak mining industry bodies have applauded the state government's announcement of an $80 million minerals exploration incentive, to be delivered over four years.
Drilling contractor Ausdrill has delivered a record net profit after tax of $25 million for the first half of fiscal 2009, up 52 per cent on the previous corresponding period.
Woodside Petroleum says it will issue $US1 billion in corporate bonds in the United States in a bid to repay short term debt and for capital expenditure.
Chevron Corporation says it is a step closer to commercialising its Wheatstone project after exploration of two natural gas fields showed there were enough resources to support a two-train development.
A company that acts as an agent for emerging Chinese steel mills has signed a deal with explorer Epsilon Energy over the Mardie iron ore project in the Pilbara.
Fortescue Metals Group has warned it could take at least a $US171 million ($A264 million) hit from suspended shipping contracts but says talks with Chinese entities for equity investment and a hybrid funding package are progressing.
Nickel miner Independence Group's net profit has slumped 99.7 per cent to $123,000 as it takes a hit from falling commodity prices and a $9.1 million write down in listed investments.
South Perth-based Oropa is set to capitalise on the burgeoning gold market by re-focusing its activities towards the precious metal and rationalising its non-gold assets.
PetroChina Co will reportedly buy a further 2 million tonnes of liquefied natural gas each year from the Gorgon project after it signed a deal with co-owner ExxonMobil.
Perth-based Clough has secured a $116 million contract for works at the Montara oil project in the Timor Sea from a Thai company, which less than two months ago bought Coogee Resources.
