Gold futures have edged up amid signs of slowing global growth and concerns that central banks around the world could respond with stimulus measures that would drive currency values lower.
The peak national body for engineers has revealed a strong desire among its members in Western Australia to be engaged in the industry's nascent floating liquefied natural gas developments.
Engineering, maintenance and construction provider Tempo Australia has announced its subsidiary, Tempo Construction and Maintenance, has won a contract with Santos for provision of labour trade resources at its operations in the Cooper Basin.
The Australian share market has closed higher, with the big banks well up on the back of the Financial System Inquiry's call for them to hold more capital.
Shares in Geopacific were up 9.3 per cent today as the company announced a $3 million rights issue, with the company planning to step up exploration activity at its Cambodian Kou Sa project.
The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.
London may seem like an odd place to be picking over the entrails of the world's resources industries, but the title of the Mines and Money conference says it all, really.
Local resource explorers Enterprise Metals and Zenith Minerals have received state government co-funding for drilling exploration projects in Western Australia.
Western Australia's first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.
The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.
Southern Cross Care WA has purchased the state government-owned Kaleeya Hospital in East Fremantle for $17.5 million, which is the first property sold under the state government's asset sales progr