Manganese miner OM Holdings expects to post a loss of about $12 million for the 2011 calendar year, due to the high Australian dollar and several one-off costs.
Iron ore pellet producer Grange Resources has forecast a lift in full year output by as much as 15 per cent because of better conditions at its Savage River mine in Tasmania.
Engineering firm RCR Tomlinson has won a $30 million contract to provide design and manufacturing works for BHP Billiton Iron Ore's Yarnima power station in Newman.
Ten Western Australian suburbs have been ranked in the nation's top 50 for potential capital growth, as the state's resources boom intensifies demand for residential property.
Fortescue Metals Group says it is confident it will find enough customers for its iron ore when it ramps up annual production to 155 million tonnes from next year.
It's not often you get to see a two-horse race with more than $10 billion riding on the result, but in Western Australia today that is precisely what's happening in the iron ore industry.
Prime Minister Julia Gillard says the opposition is being "deeply irresponsible" by talking down the Australian economy while markets are skittish over the European debt crisis.
French President Nicolas Sarkozy has warned Europe faces an "unprecedented crisis" but urged calm in the face of Standard & Poor's multiple eurozone rating downgrades.
Australia's banks will endure mandatory stress tests imposed by the International Monetary Fund (IMF) to ensure they can withstand another financial crisis.
The Swan River Trust has been appointed to manage the environmental assessment of the state government's Perth Waterfront project, the Environmental Protection Authority has announced.
Australia's financial regulator will force superannuation funds to report their investments every six months under new regulations being developed this year.
The private sector lending arm of the World Bank Group will invest $US20 million in Rialto Energy, to support the company's oil and gas drilling programmes at Cote d'Ivoire.
The Town of Port Hedland has put the brakes on a BHP Billiton Iron Ore proposal to build a 6,000-bed transient workers camp, saying it will renegotiate with the miner to reduce the size of the faci
Australian shares have opened lower after a downgrade of nine of the European bloc countries' credit ratings sparked a fresh wave of risk aversion ahead of more Chinese data this week.
The mass debt downgrade of eurozone nations has reignited a debate over boosting the bloc's bailout fund, but governments are divided over raising their contributions, a senior EU official says.
The owners of a rigging and construction business have been fined a total of $32,500 for failing to provide workers with a fall injury prevention system on a construction site.
