In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.
The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.
The Australian share market has plunged 2.36 per cent in a sell off across the board after the coronavirus was declared a pandemic and US equity markets plunged overnight.
Australia's largest listed goldminer says it expects to produce around 10 per cent less gold than previously forecast due to underperformance of its mines in Western Australia and Papua New Guinea.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.
Gold explorer Antipa Minerals has entered a joint venture agreement with Newcrest Mining, which could invest up to $60 million to explore the company's tenements in the Paterson province.
Newcrest Mining has posted an 18 per cent rise in underlying half-year profit, getting a boost from higher realised gold prices and a weaker Australian dollar.
Gold Road Resources shares rose by more than 11 per cent today after the company announced higher than expected cash generation from its Gruyere gold mine in Western Australia.
Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.
Junior gold miner Kalamazoo Resources has announced an $8 million placement to billionaire investor Eric Sprott and his Canada-listed company, Novo Resources Corporation.
Rio Tinto has formed a joint venture with Antipa Minerals after investing $11 million in exploration expenditure for the Citadel copper-gold project, located in the prospective Paterson Province.
Chevron and Newcrest have signed a supply deal for 16 petajoules of domestic gas until 2023, while a new analysis of the state's gas market says the Scarborough and Browse developments are necessary to ensure sufficient supply.
A quarterly rebalancing of S&P/ASX indices has resulted in South32 being relegated from the top 20 index, and Galaxy Resources being dropped from the top 200 index.
Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.
Subiaco-based tech company K2fly has signed a five-year contract with Rio Tinto for the provision and implementation of its RCubed resources software across 20 reporting sites.
Mining & Process Solutions has won the top prize at this year's Innovator of the Year awards, with an environmentally friendly, cost-efficient new process for the mining industry.
Macmahon Holdings says it is likely to come to an agreement with Newcrest Mining in relation to increased revenue for its mining services contract at the Telfer gold project, while on the same day releasing positive full-year results.
Newcrest Mining has posted a 22.2 per cent increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in NSW, while its Western Australian Telfer project also performed well.
Macmahon Holdings and Newcrest Mining are heading towards a legal battle, after talks over a mining services contract dispute at the Telfer gold mine fell through.
Market research firm IBISWorld has identified five large gold mines in Western Australia set to shut down by 2025 because of low reserves, less than a month after a prominent gold mining consultancy rejected reports that Australian gold production is set to fall substantially.
Macmahon Holdings has flagged the possibility of a $25 million to $35 million provision against its contract at the Telfer gold project amid ongoing negotiations with the project's owner Newcrest Mining.
Dyno Nobel has been fined $250,000 and ordered to pay costs of $30,000 in the Perth Magistrates Court, following the death of one of its employees at the Telfer gold mine in May 2015.
Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.
SPECIAL REPORT: WA's 30 gold miners achieved a small increase in aggregate output last year with the state's biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.
