Perth commentator Tim Treadgold is one of the state's highest-profile business journalists. He brings decades of experience to Business News, offering readers sharp and insightful analysis of current events and breaking news.
The return of gold mining as Western Australia’s fastest-growing industry is becoming more interesting, with a near-record price for the metal in Australian dollars triggering increased exploration and a pair of possible mine developments in the Wheatbelt.
The worst might be over for many of the state’s mining services businesses, as they seek to bounce back from the effects of the slowdown in resources project development.
ANALYSIS: WA potash hopefuls may have the backing of some high-profile local mining entrepreneurs, but startup costs and a worldwide product glut are major barriers.
If money, careers and future investment in Western Australia were not being jeopardised, it would be amusing to watch some of Australian biggest companies adopt a management policy best described as ‘run and hide’.
ANALYSIS: It’s not often that hyperbole merges with reality when it comes to resources, but WA’s gold sector has just thrown conventional wisdom out the window.
Perth’s importance as a national business centre may have faded during recent months, but it’s a different matter in the inner suburb of West Perth, where several small mining companies have sprung back to life.
To most people it seems inconceivable that a bank would pay its customers to borrow money, but that scenario was played out, albeit briefly, in Denmark last year, when homebuyers were on the winning side of negative interest rates.
ANALYSIS: Rubbery figures and projections aside, WA’s iron ore miners are breathing a little easier thanks to improving prices and a favourable exchange rate.
Living life in reverse is an amusing fictional concept that involves being born old and growing young, but if you look at some of the forces at work in the economy today you might imagine that everything is running backwards – starting with the puzzle of negative interest rates.
You probably wouldn’t believe it if someone told you that Perth-based retailing specialist Wesfarmers was bigger than global resources leader BHP Billiton, but that was the situation last week on the Australian Securities Exchange as the company led by Richard Goyder quietly slipped past the global mining giant.
If Woodside Petroleum is ever looking for a corporate slogan it could borrow a saying from the Dutch philosopher Erasmus: “in the land of the blind the one-eyed man is king”.
Sports, politics and business do not share a lot in common but there is one feature that links all three – and that's how a single event can turn a winner into a loser in the blink of an eye.
The Dick Smith chain of technology and electrical goods shops is probably a poor example of the wider problems confronting retailing but its collapse this week is a reminder that the shake-out which has rattled the retail world over the past few years is far from over.