The federal government has allocated $25 million towards a battery industry research initiative to be headquartered at Curtin University, while the Bentley-based university today announced it had awarded the main construction contract for a $110 million development.
Toronto-listed Macarthur Minerals is moving forward with a proposed magnetite project in the Yilgarn, after announcing yesterday that it had chosen Aurizon as its rail haulage operator.
Spectrum Metals has received firm commitments from investors to raise $5 million via a share place, with the funds set to go towards the company's Penny West gold project in Western Australia's Mid West.
The global economy is slowing more than expected and a sharp downturn could require world leaders to coordinate stimulus measures, the International Monetary Fund says.
A woman who stole more than $500,000 from her employer in part to fund holidays and home renovations has been sentenced to four years in a Western Australian prison.
Seven West Media has sold its stake in Yahoo7 to communications and tech giant Verizon for $21 million and says its rebranded online news sites are already outstripping performances under the former joint venture.
Oil prices edged lower overnight, slipping off five-month highs after the International Monetary Fund cut its global economic growth forecasts and as the Russian government signalled it may retreat from its production-cutting deal with OPEC.
Gold rose to its highest in more than a week overnight as the US dollar and equities weakened after the International Monetary Fund cut its global economic growth forecasts for the year, with increased buying by central banks lending further support.
Wynn Resorts has abruptly ended talks over its $10 billion takeover proposal for Crown Resorts, blaming the Australian casino operator for revealing the potential deal too early.
Oil Search has signed an agreement with the Papua New Guinean government for the Papua LNG Project, enabling initial work to begin on the giant development.
Australian shares have closed flat, with US casino operator Wynn Resorts' $10 billion takeover offer for Crown Resorts providing most of the day's excitement.
Perth's housing market is expected to continue its decline in 2019, with a trough not likely until 2020, according to the latest CoreLogic-Moody's Analytics house price forecasts, which are substantially more negative than the previous report six months ago.
The federal government has pledged $17.2 million in funding for Rottnest Island, while the state government also announced today it would inject $16.2 million into the holiday destination.
Three junior explorers have announced capital raisings, with Beacon Minerals and Galan Lithium allocating the funds raised towards their respective flagship projects, while Pacifico Minerals is seeking to acquire a project.
Wesfarmers said its talks with the Malaysian government about Lynas Corporation had been mischaracterised, as the rare earths miner confirmed it was considering Western Australian sites for materials processing from its Mt Weld mine.
Westgold Resources has sold two lithium production royalties in the Goldfields to Silverstream, just over four months after it terminated an agreement to sell the royalties to the same company.
SRG Global has secured an $18 million contract with Kalgoorlie Consolidated Gold Mines, less than a week after it announced it won up to $115 million worth of drill-and-blast services contract extensions with Evolution Mining.
Global miner Rio Tinto has approved the $463 million construction of the Zulti South project in South Africa, a move it says will extend the presence of its majority-owned Richards Bay Minerals in the country.
Crown Resorts shares have soared after the casino operator confirmed talks with Wynn Resorts over a $10 billion cash-and-scrip takeover proposal by the Las Vegas gambling giant.
Oil prices rose up to 2 per cent overnight, hitting five-month highs, on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and US sanctions against Iran and Venezuela.
Gold rose 1 per cent overnight to briefly breach $US1,300 an ounce and remained at its highest in more than a week as the US dollar slipped and a recent equities rally paused.
The process for obtaining liquor licences in Perth has become less clear after the Commissioner of Police successfully challenged approvals for a new Dan Murphy's store in Rockingham.
Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.
