Rio Tinto has hit back at accusations by Nationals WA leader Brendon Grylls that large miners had failed to live up to their contractual obligations in state agreements with the government, after he stepped up his campaign to increase taxes on iron ore production today.
Artificial intelligence company OpenDNA has announced plans to list on the ASX, with Perth-based stockbroker Argonaut to lead a $10 million initial public offering.
Wall Street has ended modestly lower as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.
Oil prices have settled lower, weighed by oversupply concerns, with a spike in trade volume driving US prices below US50, but losses were limited amid a projected drop in American shale output.
The price of gold has risen, partly lifted by steady flows into exchange-traded funds (ETFs) and a dip in the US dollar after touching seven-month highs.
The Australian dollar has continued to climb against the US dollar, which traded lower against most of the major currencies in the wake of a softer manufacturing sector report.
Perth mining hopeful Acacia Coal will buy a 74 per cent interest in a South African metallurgical coal project from a subsidiary of Rio Tinto and undertake a $2 million capital raising, it announced today.
Saracen Mineral Holdings has attracted AngloGold Ashanti for a farm-in agreement for its Carosue Dam North gold project near Kalgoorlie, valued at $25 million.
The Australian share market has closed lower, led downwards by casinos operator Crown Resorts, which fell 14 per cent after 18 of its employees were detained in China.
A key supporter of the federal government in the Senate, Family First's Bob Day, is quitting parliament because of financial problems with the housing group he founded, which trades as Collier Homes in Western Australia.
A local gold company founded by prominent prospector Denis O'Meara hopes to begin trading on the ASX by the end of next month after completing a $10 million initial public offering.
Sybrandt Van Dyk has announced his resignation as chief executive of Macmahon Holdings, with general manager of surface mining Michael Finnegan to succeed him as head of the local contractor.
Shares in James Packer's casinos operator Crown Resorts have fallen sharply in the wake of China's detention of 18 Crown employees, as investors fear a crackdown on gambling in China.
The Australian share market has slipped lower in early trade as investors try to assess the impact of Federal Reserve comments and stay cautious ahead of key data this week.
Oil prices have fallen slightly as traders balance a stronger US dollar and another increase in the US oil rig count against expectations that more OPEC talk of output cuts will keep crude above $US50 per barrel.
Gold has fallen as the US dollar has risen after US economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Property could turn into ‘worst investment'Property looks set to become the ‘‘worst investment'' over coming decades because of a looming bust in apartment prices and the
In this Business News podcast, Mark Beyer and Dan Wilkie discuss the Roe 8 project, house prices, DAPs, private infrastructure, Tony Grist and the telco sector.
The state government has committed to build, buy, or lease 1,000 homes for low-income earners and seniors, with a new social housing initiative announced today.
Euroz has reported a bumper first-quarter profit of $9.75 million, driven by strong growth in capital raising deals and good performances by its funds management businesses.
The share market has ended the week with a flat performance, as inflation data from China conflicted with the previous day's disappointing trade numbers from the economic powerhouse.
Pilbara Minerals has announced the purchase of several long-lead items for its Pilgangoora lithium project to remain on track with its planned commissioning date next year.
The head contractor on the Roy Hill project has won two out of five determinations in the latest instalment in its legal dispute with sub-contractor Duro Felguera today, but Samsung C&T was still told to pay Duro $12 million out of more than $60 million that had been sought.
