Prime Minister Kevin Rudd has flagged Labor will set up a headquarters in Brisbane as well as outposts in Western Australia and South Australia to help boost the export opportunities for the mining equipment sector if it wins the next election.
The boardroom twists at cashed-up Moly Mines have taken another turn, with its Chinese shareholder moving to replace the independent directors with Perth veterans Bruno Camarri and Peter Mansell.
The Australian dollar is lower despite making slight gains against a weaker greenback in afternoon trade as investor anxiety over a possible US attack on Syria subsides.
The Reserve Bank is likely to keep the cash rate on hold next week as it waits on the outcome of the federal election and allows the August rate cut to work its magic.
Opposition finance spokesman Andrew Robb believes Labor's deceit over the coalition's $31.6 billion of promised savings will be the last straw for many voters.
Development group Peet says long-term conditions in the Australian property are fundamentally sound, but has warned falling consumer confidence could stymie a sustained improvement in housing deman
Gold sector players Evolution Mining and Ampella Mining have revealed additional cost-cutting initiatives to deal with the impact of low spot prices for the precious metal.
Contracting group NRW Holdings been selected to provide earthworks for rail infrastructure at the $10 billion Roy Hill iron ore development in the Pilbara.
Uranium miner Paladin Energy has recorded a $US420.9 million full year loss, more than double last year's loss of $US172.8 million, as the uranium price remains weak.
Electrical and homewares retailer Harvey Norman's full year profit has fallen 17.5 per cent amid dwindling sales across its Australian and European businesses.
Cherie Leeden returned from the front line to the conference room last week, telling Metals of Africa shareholders in Perth and Sydney about the copper, zinc and high-grade lead found at the surfac
Airline Virgin Australia has fallen into the red.The company today reported a net loss of $98.1 million for the year to June 30, compared with a $22.8 million profit the previous year.
Mining services contractors have slashed thousands of jobs as the slowdown in the resources sector piles pressure on companies to cut costs after several years of growth.
The Australian dollar is lower as solid US economic growth figures raised expectations the Federal Reserve will scale back its asset purchases in the coming months.
US stocks have closed higher following an upgrade to US second-quarter economic growth and a shift in expectations away from an immediate military strike on Syria.
Sandalwood producer TFS Corporation has announced a record net profit after tax of $55.7 million for the year ended June 30 and appointed a new chairman.
The $10 billion Roy Hill project remains on track to start mining next year and achieve its first iron ore exports in the third quarter of 2015, its project director said today.
