Six of the founding shareholders of mining services group Maca have sold down $40 million in shares in the company, reducing their combined stake by nearly 25 per cent.
The share sale took place at twice the value of the stock at IPO 18 months ago.
Atlas Iron has announced a shuffle of chairs in its boardroom, with David Flanagan set to become non-executive chairman by August, while Ken Brinsden has been appointed to take over Mr Flanagan's old job.
Australian Greens Leader Bob Brown says he will continue to press the federal government to include gold and other minerals in its proposed mining tax.
Transfield Services has more than doubled its first half profit and says it expects its full year profit will be between $130 million and $135 million.
Woodside Petroleum plans to look internatonally for new growth opportunities, after reporting a solid rise in underlying profit but little progress on its major growth projects in Australia.
The federal government's proposed mining tax does not take into account the impact it will have on the next generation of miners, a prominent economist has told an inquiry into the legislation.
Civil and mining contractor Brierty has reported a 127 per cent lift in net profit to $4.2 million for the half year ended December 31.
Brierty said its revenue was up 6 per cent to $105 million over the half year and the company will pay a fully franked dividend of 1 cent per share.
Earthmoving equipment provider Emeco says it's making the most of the resources boom, after posting a 20 per cent rise in first half profits.
The company said net profit in the six months to December 31, 2011, was $28.9 million, up from $24.1 million in the prior corresponding period.
Australia's second-biggest steelmaker, OneSteel, has posted a $74 million first half net loss but is bullish about its growth through its mining interests.
Strength in Western Australia’s resources sector has boosted the bottom lines of local engineering and construction contractors Monadelphous, Macmahon and LogiCamms, with Monadelphous being the pick of the bunch.
Geraldton company Bhagwan Marine is planning to expand its oil & gas services business after gaining financial backing from private equity group Catalyst Investment Managers.
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