The Australian share market is lower as weak commodity prices weigh on resource stocks.
Mining services company Ausdrill has continued a gold-led recovery by posting a $58 million annual profit, boosted by asset sales.
Sheffield Resources has jumped on its recent share price run by announcing plans to raise up to $17.1 million.
Energy giant ConocoPhillips has rejected a claim by a joint venture partner which threatens to hold up a west Africa oilfields deal with Woodside.
Plans to build a major marine servicing hub at Port Hedland’s Lumsden Point have been axed by the State Government, a spokeswoman has revealed.