Mining & Energy
Ramelius' earnings sparkle
GOLD miner Ramelius Resources has more than tripled its first half net profit after a four-fold rise in revenue from gold sales.
Boart Longyear delivers healthy profit
BOART Longyear has made a solid return to profit but has warned Australia faces a labour shortage as the resources sector picks up speed again.
IronClad raises $11 million for SA mine
IRONCLAD Mining will raise $11.3 million via a rights issue to fund its Wilcherry Hill mine on the Eyre Peninsula.
BHP buys into US shale gas
BHP Billiton says it has agreed to buy a substantial shale field in the United States for $US4.75 billion.
Record year for Woodside
STRONG oil and gas output from WA's North West Whelf provided a record $1.56b annual profit for Woodside.
ASIC is 'vengeful', claims Forrest
AMID the possibility of being banned as a company director, Fortescue Metals chief Andrew Forrest remains bullish.
BHP profit up; shares down
BHP Billiton has announced a half-year profit of $US10.524 billion, up 71.5 per cent but its shares are down 2pc this afternoon.
Oz Minerals rewards investors
OZ Minerals shareholders will be handed more than half a billion dollars after a profitable year of mining.
Earth Heat shares fire up
SHARES in Adelaide-based Earth Heat Resources jumped by more than 50 per cent after a positive analyst report was released.
China's resource hunger to last 15 years
STRONG demand for Australia's coal and iron ore from China and India will continue for the next 15 years, Treasury says.
Santos lifts reserves for 7th year
GAS giant Santos says its proven and portable (2P) hydrocarbon reserves increased for the seventh straight year in 2010.
Arkaroola opened for exploration
A STATE Government decision to allow a company to drill for uranium in the Arkaroola Wilderness Sanctuary has been widely condemned.
Beach Energy has 70pc of Impress
OIL and gas Beach Energy now controls more than 70 per cent of shares in Impress Energy ahead of a February 21 takeover deadline.
Hillgrove's copper mine on target
CONSTRUCTION is in full swing on SA's next copper mine to be open by December at Kanmantoo
Terramin on hunt for more projects
WITH a well-funded Chinese partner and plans to become a mid-tier miner, Terramin Australia is on the hunt for projects.
Cyclone threat halts Pilbara production
OIL and gas production and port facilities in WA's Pilbara region are suspended as category three tropical cyclone Bianca tracks out to sea.
Beach revenues soar on oil prices
BEACH Energy's revenue rose 16 per cent in the fourth quarter due to higher oil prices, despite a fall in production.
Rex to boost drilling capacity
COPPER explorer Rex Minerals will test a number of potentially "game changing" targets in coming months.
Ex-BHP boss fights mining tax inquiry
FORMER BHP Billiton chairman is fighting plans to call him before a Senate inquiry into the planned $7.4 billion mining tax.
IMX sells more of Cairn Hill ore
IMX Resources has signed a second customer to buy iron ore from its Cairn Hill mine south-east of Coober Pedy.
OZ profits from rivers of gold
OZ Minerals will spend $70 million on exploration near its Prominent Hill mine this year after a "great" 2010 production performance.
Miners' ratings safe from flood
FITCH says it doesn't expect Queensland's flood to hurt the credit ratings of BHP Billiton, Rio Tinto and Wesfarmers.
Chinese complete SA project investment
IRON ore miner IMX Resources' Chinese partner Sichuan Taifeng has paid the final $4 million installment to own 49 per cent stake in Outback Iron.
Rio Tinto sets production record
MINING giant Rio Tinto says it has set new quarterly and annual iron ore production records.
Queensland's loss is NSW's gain
NEW South Wales is set to benefit from skyrocketing coal prices in the wake of the Queensland floods.
Business Breaking News
Rio Tinto sets production record
MINING giant Rio Tinto says it has set new quarterly and annual iron ore production records.
Queensland's loss is NSW's gain
NEW South Wales is set to benefit from skyrocketing coal prices in the wake of the Queensland floods.
Tonnage down but prices up
FORTESCUE Metals' December quarter iron ore shipments fell slightly but returns were strong due to high prices.
Flinders' Pilbara project will be viable
A PRE-feasibility study has shown a $488 million development at Flinders Mines' Pilbara iron ore project would be economically viable.
BP green light for SA offshore drilling
THE federal government has given BP permission to explore for new oil reserves off the SA coast.
Mining blocked on native title concerns
ARGONAUT Resources shares were hammered after the company said mining on a key South Australian tenement had been blocked.
BHP in $8bn expansion drive
BHP Billiton is expected to approve more than $8 billion of growth projects this year, including key developments in iron ore, oil and coking coal.
Exco targeting second gold deposit
EXCO Resources has submitted a mining lease for a second deposit at its White Dam mine near Broken Hill.
Santos approves $16bn project
SANTOS says the Gladstone Liquid Natural Gas partners have approved development of the $16 billion project.
Iron ore project gets $1 million boost
SOUTH Australian explorer Trafford Resources has raised $1 million in an oversubscribed offer.
Lincoln expands Eyre exploration ties
LINCOLN Minerals has expanded its iron ore footprint on the Eyre Peninsula, picking up more than 500sq/km of exploration land.
Geothermal firms losing steam
GEOTHERMAL companies face a tough year as they work to attract funds to get their projects over the line.
Beach's Impress bid to close in February
BEACH Energy has declared its bid for Impress Energy final.
IMX updates China contract
IMX Resources shares are 3pc higher today as it updated a sales contract for its Cairn Hill project near Coober Pedy.
Rare earths up $1.5b in four days
AUSTRALIA'S four most prominent rare earths companies added more than $1.5 billion to their value in less than two weeks.
Eyre Peninsula kaolin mine on the cards
MINOTAUR Exploration aims to start mining kaolin on the Eyre Peninsula within two years.
Hillgrove's Hills stepping stone
HILLGROVE boss Drew Simonsen will this week sit down with engineering firm Parsons Brinckerhoff to discuss construction of the Kanmantoo mine in the Adelaide Hills.
Linc investing in SA exploration
LINC Energy will spend $2.6 million exploring across its South Australian exploration leases.
Floods threaten coal industry
COAL exports worth billions of dollars are being disrupted by the severe floods in Queensland.
Salisbury Resources listing delayed
Salisbury Resources has delayed its listing until February because of a lack of retail and institutional interest.
News
Mr X does flood levy deal
JULIA Gillard has secured the final vote to pass her controversial flood levy after giving substantial ground to independent SA senator Nick Xenophon.
Sport
Irish in upset win over England
KEVIN O'Brien struck the fastest-ever World Cup hundred as Ireland pulled off a sensational three-wicket win over England overnight.
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