Shares in junior miner Excelsior Gold were pummelled today after the company's new board revealed the full extent of operational issues at its flagship Kalgoorlie North mine.
Local fintech CrowdfundUP tops this fortnight's Techboard ranking, having closed a $2.1 million capital raising led by Sydney-based Positive Investment Enterprise.
Shares in Australian furniture maker and retailer Fantastic have soared on news it has received a $361.4 million takeover offer from larger rival Steinhoff Asia Pacific, the owner of Freedom and Snooze brands.
The Australian share market is barely hanging on to early gains as investors look for positives after a gloomy day in overseas markets following weak Chinese trade data.
Oil prices have settled higher after a US government report showing hefty draws in diesel and petrol offset the first crude inventory build in six weeks.
US stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day's decline.
Nationals at war over mining taxFederal Nationals leader Barnaby Joyce has triggered a war with his West Australian counterpart Brendon Grylls by urging him to dump plans
The state government has moved to make the development assessment process more transparent, unveiling a raft of changes to the system in response to feedback from local governments and resident gro
The amount of money the state government pumps into big events like the Hopman Cup, the Perth Fashion Festival, V8 Supercars and Margaret River Gourmet Escape is set to remain a secret after a review by the auditor general.
The state's resources industry has applauded Federal Nationals leader Barnaby Joyce's public opposition to the WA Nationals' planned mining tax changes, which drew return fire from Brendon Grylls.
Iron ore miner BC Iron has confirmed a $25.5 million capital raising backed by major shareholder Kerry Stokes to fund work at its Buckland project and pay off debt.
Local explorer Empire Resources is set to begin operations at its Penny's Find gold project near Kalgoorlie, after contracting NRW Holdings to undertake mining operations at the open pit.
Spot gold has held modest gains, after minutes from the Federal Reserve's September meeting that showed several voting policymakers judged an interest rate rise would be warranted "relatively soon" if the US economy continued to improve.
Oil prices have settled one per cent lower after OPEC reported its September oil output hit eight-year highs, offsetting optimism over the group's pledge to bring a global crude glut under control.
The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after US Federal Reserve minutes and investors waited on earnings reports.
ASIC urges more bank competitionCorporate regulator Greg Medcraft has called for more competition in Australia's banking system, urging the big four banks to help borrower
Advisers to mining and exploration companies have tentatively welcomed new guidance from the corporate regulator on forward-looking statements but believe more clarity is needed.
Two well-known Leederville cycling businesses have hit differing problems this week, with retailer Riders Choice going into voluntary administration and accessory manufacturer Cycliq facing a regulatory speed bump on its path to an ASX listing.
The state owned Gold Corporation, which trades as The Perth Mint, has doubled pre-tax profit to $41 million, with a big increase in sales of minted coins among the factors assisting the result.
