Albemarle Corporation has revised the construction schedule for its $1 billion lithium plant at Kemerton, with site works due to start next month and the US company accelerating expansion of the project.
A late rally from banking and health care stocks limited losses to the local indices but falling oil prices ensured the energy sector would drag the Australian share market lower at the close.
BHP Billiton says the wreckage from its derailed iron ore train has been cleared and the miner is confident of resuming rail operations early next week.
PODCAST: In this podcast Mark Pownall and Mark Beyer discuss the BHP derailment, lithium plant approval, North West Shelf Gas agreements, construction news, hotel developments, PEXA sale, and our special report on WA's innovation awards.
Lendlease's chief executive says he is embarrassed by the problems that have forced the construction company to take a $350 million post-tax impairment in its first-half results.
National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company's chief executive.
Shares in Altura Mining have finished 36 per cent higher today after the lithium producer announced an offtake deal with Chinese company Ganfeng Lithium.
Local banking and health care stocks have jumped at the open, but meaningful early gains for the Australian market have been wiped out by the materials and energy sectors.
The S&P 500 and Nasdaq closed slightly lower after a US Federal Reserve statement, and energy stocks were the biggest drag on the S&P as US crude oil prices fell.
Gold has eased to a one-week low on a stronger dollar, after the Federal Reserve held interest rates steady and was seen on track for further rate hikes.
Oil prices fell nearly 2.0 per cent overnight as investors focused on swelling global crude supply, which is increasing more quickly than many had expected.
Swedish construction company Serneke Group, which has annual turnover of $940 million, has established a foothold in the local market by purchasing an equity stake in Nedlands firm Consortium Builders.
Tech platforms have dominated the Innovator of the Year encouragement awards, presented last night, with winners including a video conferencing device for remote communities, groundwater management software, business scheduling software, and a new transmission system for bikes and vehicles.
Gold-aspirant Capricorn Metals has announced a board restructure, which includes the retirement of managing director Heath Hellewell and founding director Peter Langworthy.
The Noisy Guts Project and Chemo@home have taken home the respective Emerging Innovation and Growth categories at last nights Innovator of the Year awards, marking a big win for Perth-based healthcare and research.
CIMIC Group's Thiess has been awarded a contract to install autonomous haulage system technology at Fortescue Metals Group's Christmas Creek iron ore operations in the Pilbara.
Tom Young says interest in his udrew interactive building approvals system - the overall winner of the Mitsubishi Western Australia Innovator of the Year award - is growing ahead of its market launch early next year.
Navitas founder Rod Jones has stepped down from the board to manage his conflict of interest in relation to the $2 billion indicative takeover proposal for the education services company.
Australia's banking regulator wants to further lift banks' capital requirements in order to strengthen the financial system's ability to cope with shocks.
The competition watchdog will allow Fairfax Media's $4 billion merger with Nine Entertainment to go ahead after deciding the move would not diminish competition in Australian news and media.
Gold pared some gains overnight but held firm as the dollar slid after the US midterm elections delivered a split Congress and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes.
Wall Street is set for a modestly firmer open on Wednesday and global stocks rose after significant US election gains for the opposition Democrats, but the outcome may rule out further tax cuts, sending the dollar and Treasury yields sharply lower.
