Resources Minister Matt Canavan said today the exploration development incentive (EDI) scheme was unlikely to continue, despite telling the industry he had an open mind on its future, and labelled alternatives put forward by the Association of Mining & Exploration Companies as radical.
Henderson-based Civmec has received $90 million worth of contracts for work on a number of projects nationwide, with the most significant being a construction job at Alcoa of Australia's Pinjarra alumina refinery.
A third party has made a play to acquire private company Bombora Natural Energy, after Zeta Petroleum backed out of its takeover plans with the target yesterday.
Australia's food and grocery prices have to come down further because they are "crazy" compared to the rest of the world, Coles managing director John Durkan says.
A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.
The Australian share market has seesawed in a narrow range in early trade, with investors wary of taking positions ahead of local gross domestic product data and key international developments.
$15m Subi Pavilion discountVictorian Liberal Party heavyweight Andrew Abercrombie appears to have agreed to take a $15 million-plus hit on the sale of the landmark Pavi
Oil prices have edged up, finding technical support after sliding below $US47 a barrel on pressure from a diplomatic rift in the Middle East and sustained high crude inventories in the United States.
Gold has risen to the highest in seven months on a slump in the US dollar to a seven-month low and on safe-haven demand driven by a rift in the Middle East, an upcoming European Central Bank meeting and the British election.
Sandalwood producer Quintis has revealed more operational and financial pain, with the embattled Perth company suspending plantation sales, lowering forecast product sales and admitting a $27 million investment would not proceed.
ASX-listed app company MyFiziq has entered into a joint venture agreement with a Singaporean company for the development of a new diagnostic tool for the medical sector.
Deloitte Access Economics has foreshadowed a bleaker outlook for the state's economy in the coming year than that predicted by the WA Department of Treasury in December.
The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent as expected, while indicating it believes east coast housing markets may be starting to cool.
The directors of medicinal cannabis companies Creso Pharma and AusCann Group Holdings have reaped windfall gains worth $13 million after the vesting of performance rights and performance shares.
New car sales in Western Australia grew on a monthly basis for the first time in four years in May, but the upswing still falls well short of the slide in sales for the year to date.
Scentre Group is gearing up to unveil its next-generation dining and entertainment precinct at Westfield Whitford City, one of several planned upgrades to its shopping centres across Perth.
Business watchdog to probe Bankwest loansThe small business ombudsman has launched her own inquiry into the way thousands of Bankwest customers were allegedly treated i
Oil prices have fallen nearly one per cent on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
Gold prices have steadied after rising to a fresh six-week high as disappointing jobs data dims the prospects for aggressive US interest rate increases, even though it is unlikely to deter a rate rise at June's Federal Reserve policy meeting.
Cannings Purple, which is ranked as Western Australia's second largest public and investor relations firm, has bolstered its team by recruiting experienced business journalist Peter Klinger.
Newly established Perth company OncoRes Medical has secured up to $6 million of funding to commercialise a surgical tool developed by researchers at the Harry Perkins Institute of Medical Research and the University of Western Australia.
