Cape Lambert Resources says it has axed 117 staff, cut exploration, mothballed assets and postponed dividend payments in response to falling iron ore prices and deteriorating market conditions.

Paladin Energy will sample water from the local stream system near its Kayelekera mine (pictured) in Malawi to ensure a spillage caused by a heavy storm had not resulted in contamination.

Iron exports from Port Hedland surged almost 30 per cent in the second half of 2014, underscoring the flood of Pilbara tonnes that have undermined global pricing of the steel ingredient over the past year.

Mining's boardroom brawlers have opened 2015 with a bang, after Echo Resources yesterday said it would call a shareholders meeting to fend off a tilt by Metaliko Resources Chairman Michael Ruane to spill its board.

Shares in Ramelius Resources rode a higher gold price and news of exceeded production guidance to be up more than 30 per cent at the open.

The Australian sharemarket is lower as nervous traders and investors respond to another slide in oil prices.

Toro Energy has appointed former Alinta executive John Cahill to its board as an independent Non-Executive Director.

The end of the mining construction boom should be the death knell for fly-in, fly-out work camps in WA's north, according to Pilbara MP and former Nationals leader Brendon Grylls.

Shares in Centaurus Metals surged after the aspiring iron ore producer announced it was close to securing $6 million in debt funding for its Candonga Iron Ore Project in south-eastern Brazil.

BG Group’s first shipment of liquefied natural gas has left the Gladstone Harbour in Queensland, according to Australian industry body APPEA.

US oil prices Monday slipped below $50 per barrel for the first time in more than five years as the surging dollar and news of additional supplies extended a six-month rout.