Iron ore magnate Gina Rinehart has agreed to invest in WA business Bannister Downs Dairy, to support a planned $20 million-plus expansion of the niche dairy producer.
The international stage has helped this year's local business and political leaders stand out from the pack – including our Person of the Year, Richard Goyder.
Australia's free trade agreement with China is likely to deliver significant benefits to agricultural exporters but the gains will be mainly indirect and apparent over the longer term, a report by Rabobank has concluded.
Some of Perth's top company directors and dealmakers, including Michael Smith, Ian Cochrane, Michael Ashforth and Tony Iannello have been recruited to help run prominent family companies.
It's not easy to feel sympathy for Perth's super-rich as they watch their fortunes shrink, but the problems of Gina Rinehart, Andrew Forrest, Kerry Stokes, Angela Bennett and Stan Perron are a powerful pointer to the problems facing everyone in Western Australia.
Money is moving out of iron ore but where it goes next is the more interesting question, because it seems that some investors are developing a taste for agriculture – a shift that might prove to be a case of leaving the frying pan to land in the fire.
Founding director of Perth-based global mining software developer Micromine, Graeme Tuder, has joined the ranks of some of Australia's biggest names in exporting after being named an Australian Export Hero.
A senior figure in Western Australia's construction and mining industry, Sharon Warburton, has won this year's Telstra Business Woman of the year award for the state.
If Western Australia's small iron ore miners thought all the bad news about falling prices was in the open, they got a shock this week when the two biggest producers, BHP Billiton and Rio Tinto, launched a war of words, complete with threats of fresh expansion programs.
The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.
FEATURE: A stubbornly high dollar, falling prices and high operating costs are combining to exert real pressure on smaller players in the iron ore sector.
If a fortune valued at $20 billion is not enough for Australia's richest person, Gina Rinehart, then perhaps she will be happy with $37 billion that is likely to be her net worth at this time next
The iron ore and gold mining industries have served Western Australia well during the past decade, but that does not mean they will do the same job over the next decade, especially if the switch to other minerals evident on world markets gathers pace.
In this week's edition of Business News Background, head of content Mark Pownall and other reporters discuss the top stories of the week, including Gina Rinehart's move into beef processing, Michae
Gina Rinehart has followed fellow iron ore magnate Andrew Forrest's lead and expanded her interests to include cattle farming, reportedly spending $40 million on a half-stake in two cattle stations
Western Australia's inaugural Telstra Business Woman of the Year says professional women still encounter many of the same barriers today as they did two decades ago.
Engineering contractor Thiess has been awarded a $330 million contract to construct the process plant facilities for the Roy Hill iron ore mine in the Pilbara (with updated list of 36 major engineering construction contracts awarded in past year).
The Gina Rinehart-backed Sun Resources has purchased a stake in oil and gas leases in the prospective Eagle Ford and Austin Chalk shale formations in the American state of Texas.
Gina Rinehart has virtually ensured her family's long-held dream of operating its own iron ore mine, securing final funding for her massive Roy Hill project.
Is the world about to become a better place? That's not a philosophical question, it's simply an observation that economic conditions might be better than we realise, as shown by recent developments in China, the US and the UK.
