[1668 - Showing Results 1 to 30]

AWE books another 50 million barrels (Wednesday, 22 May 2013) AWE has booked 50 million barrels of oil under proved and probable reserves following a review of its Ande Ande Lumut oil project in Indonesia by Perth-based RPS Energy Services. Full Story...

Last of the dead freed at Big Gossan (Wednesday, 22 May 2013) TODAY has been declared a day of mourning at the Grasberg mine in Indonesia's Papua province, with the final bodies recovered following last Tuesday’s Big Gossan collapse. Full Story...

More cuts needed: Deutsche Bank (Wednesday, 22 May 2013) BHP Billiton and Rio Tinto need to make further dramatic cost cuts to their Australian coal operations because they are no longer considered tier one assets, warns Paul Young, senior resources analyst at Deutsche Bank. Full Story...

Gold exploration down (Wednesday, 22 May 2013) FALLING metals prices, drops in equity valuations and lingering concerns over the strength of the global economy have had a serious impact on minerals exploration, with gold exploration down to less than half of what it was a year ago. Full Story...

Anglo reshuffles board, appoints CFO (Wednesday, 22 May 2013) ANGLOGOLD Ashanti has shuffled its executive team in an attempt to streamline its business, with changes ahead for its Australian division. Full Story...

Intrepid shareholders confident of win (Wednesday, 22 May 2013) QUANTUM Pacific Capital says it is in regular contact with the Indonesian title holders of the Tujuh Bukit project and is confident it can secure a stake in the property in 6-9 months. Full Story...

Grasberg death toll rises (Monday, 20 May 2013) THE death toll from the Big Gossan collapse at Grasberg has risen to 14, with rescuers unable to detect any sign of life among the 14 workers still buried in the rubble. Full Story...

Bloomberg misrepresents Cottee (Monday, 20 May 2013) CENTRAL Petroleum has hit out at Bloomberg for its misrepresentation of the company’s leading man, Richard Cottee. Full Story...

OceanaGold puts Didipio in business (Monday, 20 May 2013) OCEANAGOLD has declared commercial production at its Didipio mine in the Philippines less than a month after announcing the operation’s first shipment of copper-gold concentrate. Full Story...

Jobs lost at Gorgon: reports (Monday, 20 May 2013) CHEVRON has cut staff at its Gorgon project, according to The Australian Financial Review. Full Story...

Fifth body recovered at Grasberg (Friday, 17 May 2013) PT Freeport Indonesia says a fifth body has been recovered from the collapsed tunnel at the Grasberg mine, with 23 workers still unaccounted for. Full Story...

The new brooms (Thursday, 16 May 2013) WELCOME to the Andrew and Tim show. If you’re working in the petroleum business and don’t know what that means, then Slugcatcher* will try and explain how the two boys running BHP Billiton Petroleum may shake the company, and the wider oil and gas industry. Full Story...

Mackenzie’s BHP built on four pillars (Wednesday, 15 May 2013) NEW BHP Billiton chief executive officer Andrew Mackenzie has outlined plans to simplify the company’s portfolio and focus on “four pillars” – iron ore, copper, petroleum and coal. Full Story...

Budget blues (Wednesday, 15 May 2013) WHILE much mainstream ink will focus on the cuts to services and programs in the federal budget, it is tax changes to exploration costs and thin capitalisation rules that have captivated the oil and gas sector. Full Story...

Tough year ahead for capital raisings (Wednesday, 15 May 2013) GLOBAL data suggests the mining industry is in for a bleak year when it comes to raising funds, according to a leading research group. Full Story...

Tunnel collapses at Grasberg (Wednesday, 15 May 2013) THE collapse of an underground tunnel at Freeport McMoRan Copper & Gold’s huge Grasberg operation in Indonesia has killed four and trapped about 27 others, with 10 miners reportedly rescued so far. Full Story...

Tembang closer to development (Monday, 13 May 2013) SUMATRA Copper & Gold has announced a capital raising to secure roughly $A20 million for the development of the Tembang gold-silver project in southern Sumatra, Indonesia. Full Story...

Yokogawa doubles in Perth (Monday, 13 May 2013) YOKOGAWA Australia has doubled the size of its Perth office, with more than 50 people working on major oil and gas projects in Western Australia alone. Full Story...

Australian budget fears (Monday, 13 May 2013) LEADING mining and resources industry groups are voicing concern over rumoured tax increases in the Australian budget, which will be released tomorrow night. Full Story...

Swick wins Grasberg work (Monday, 13 May 2013) DRILLING contractor Swick Mining Services has won a grade control contract for Freeport Indonesia's massive Grasberg gold-copper mine. Full Story...

Coffey earnings hit hard (Monday, 13 May 2013) MINING services consultancy Coffey International says restructuring costs relating to skyrocketing project delays and deteriorating market conditions will erode its full-year earnings by $A9-10 million. Full Story...

Greens push to expand MRRT (Wednesday, 8 May 2013) THE Australian Greens say hiking the Minerals Resource Rent Tax to 40% over the next four years will raise an additional $A26.2 billion despite lower commodity prices. Full Story...

Nido, PNOC approve work plan (Wednesday, 8 May 2013) NIDO Petroleum and its joint venture partner Philippine National Oil Company have agreed on a forward plan for the Baragatan prospect in the Philippines. Full Story...

Browse boss leaves (Wednesday, 8 May 2013) WOODSIDE Energy senior vice-president Michael Hession, who has been in charge of the Browse LNG project for the past 3.5 years, has quit the company. Full Story...

Davis eyes mining investment (Wednesday, 8 May 2013) ONLY days after losing his job due to the Glencore-Xstrata merger, Mick Davis has reportedly hired Goldman Sachs to help him set up a mining fund. Full Story...

All LNG technologies great and small (Monday, 6 May 2013) THIS appears to be GE’s approach, with its decision to buy Salof, a designer and manufacturer of small LNG technologies, for an undisclosed sum. Full Story...

Women handle FIFO well (Monday, 6 May 2013) WOMEN may be more mentally equipped to handle the fly-in/fly-out lifestyle, according to new research. Full Story...

Glencore warns of job cuts (Monday, 6 May 2013) GLENCORE Xstrata chief executive officer Ivan Glasenberg says the new entity will begin the “streamlining” process, resulting in the closure of offices and the loss of jobs. Full Story...

Valium, anyone? (Monday, 6 May 2013) EACH down day just makes it harder to face the battle when the real crisis arrives. The Outcrop by Robin Bromby* Full Story...

DFAT warns of Grasberg attacks (Friday, 3 May 2013) THE Department of Foreign Affairs has warned Australians to reconsider travel to parts of Indonesia due to the heightened threat of attacks around Freeport McMoRan Copper & Gold’s massive Grasberg mine. Full Story...