Perth mining hopeful Acacia Coal will buy a 74 per cent interest in a South African metallurgical coal project from a subsidiary of Rio Tinto and undertake a $2 million capital raising, it announced today.
South Australian mining junior Flinders Mines has announced a capital raising of $5 million, with the company to put the cash towards a loan repayment and tenement expenditure commitments at its Pilbara iron ore project.
Two different proposals from the Western Australian government to change the way Rio Tinto and BHP Billiton pay an iron ore charge is already damaging the state's reputation as an investment destination, a business lobby group says.
Mining software supplier Micromine has promoted Claire Tuder to the role of director and chief executive while also establishing an advisory board with two industry veterans.
Mining giants Rio Tinto and BHP Billiton say they have no intention of taking up the state government's offer to change how they pay the controversial iron ore lease rental that Nationals WA leader Brendon Grylls wants to hike.
The state government has given its tick of approval for Rio Tinto to develop more iron ore deposits at the mining giant's Western Turner Syncline operation near Tom Price.
The share market has closed at its highest level in a month after major oil producers surprisingly agreed to cut production, giving energy and resource stocks a boost.
Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.
BHP Billiton is locked in a $1 billion dispute with the Australian Taxation Office over the amount of taxes payable on the sale of Australian commodities to its Singapore marketing business, while its chief executive has seen his annual pay slashed in half follwoing the Samarco dam disaster.
BHP Billiton says its plans to invest in a huge new iron ore mine in the Pilbara are threatened by The Nationals WA's proposed new $5 a tonne mining tax.
The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.
The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.
New research released by the mining sector today suggests the impact of the WA Nationals' proposed $5 per tonne tax on iron ore production could be greater than originally anticipated.
Aurizon has appointed Andrew Harding as chief executive in place of Lance Hockridge, calling the former Rio Tinto iron ore head the right person to increase value for shareholders.
The Australian share market has opened lower, hurt by losses across the board following a disappointing session on Wall Street and a rally in the US dollar.
The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.
SPECIAL REPORT: Discussion about a sale of Western Power is taking place against a backdrop of rapid technological change in the sector, as networks brace for an onslaught of competition from battery storage.
Rio Tinto has announced the 50th anniversary of its first contracted iron ore shipment from the Pilbara, as debate continues around the adequacy of its royalty payments and the legacy for indigenous people in the region.
Engineering group RCR Tomlinson has won a $120 million contract to build processing infrastructure at Rio Tinto's Silvergrass iron ore mine in the Pilbara.
The share market has closed only modestly higher, despite US markets hitting record levels overnight, weighed down by weakness from market heavyweights Westpac and Telstra.
Brendon Grylls was something of a change-agent when he got the Royalties for Regions policy implemented, but his plan to tax iron ore tonnages has business worried.
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
Brendon Grylls has snatched back leadership of the WA Nationals and will press the Barnett government to support his plan to slug BHP Billiton and Rio Tinto with a $5 per tonne mining tax.
A move flagged by National Party leadership challenger Brendon Grylls to effectively double the rate of the royalty paid by the state's two biggest iron ore miners would make Western Australia one of the most punitive jurisdictions for taxes on production of the commodity.
ANALYSIS: Politics and business never mix well, which is something the state government is about to discover with news that former Nationals WA leader Brendon Grylls is eyeing a return to his party's top job.
Local innovators and resources industry professionals, including Karara Mining, Barminco and Fortescue Metals Group, were recognised at two separate awards ceremonies held this week.
Rio Tinto says it will spend $US338 million developing its Silvergrass iron ore mine in the Pilbara, on the same day it disclosed a slump in underlying earnings and dividend payments.
Spotless Group has secured a long-term extension to its management contract at the Perth Convention and Exhibition Centre after committing to invest $50 million and take full responsibility for the PCEC's core assets.
