AGL Energy will make more than $600 million worth of writedowns on its upstream gas ventures and sell underperforming businesses as it battles uncertainty surrounding oil and gas prices.
Local junior miner African Energy Resources has entered into an agreement for the potential sale of its Mmamantswe coal project to a South African project developer for up to $US20 million ($A26 million).
Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.
The Australian share market is down well over one per cent in the wake of debt-ridden Greece's decision to reject international creditors' tough bailout terms.
The Fiona Stanley Hospital has won the top prize at this year’s WA Architecture Awards, with Hassell, Hames Sharley and Silver Thomas Hanley commended for their design efforts.
Gold prices have firmed, rebounding from a three-and-a-half-month low as the USdollar softened, while investors remained cautious ahead of Greece's referendum on an international bailout deal.
France’s Technip and South Korea’s Samsung Heavy Industries have been signed up as the lead engineering and construction contractors for the Browse floating LNG project, continuing similar work they have undertaken for the Prelude FLNG project.
Brokerage firm Euroz is expanding its funds management offering, with the acquisition of Perth-based Entrust Private Wealth Management for around $7.8 million.
West Perth-based explorer Legend Mining will buy a large block of land in the Fraser Range and form an exploration joint venture with the highly successful prospector Mark Creasy.
Figures contained in a recent Productivity Commission review show subsidies to the mining industry are much lower than claimed by some critics of the sector.
The 33 cents of every dollar spent by Western Australians on Lotterywest games each week has pushed the state lottery’s community contributions to a record high.
A creative arts Perth business with Aboriginal links has attracted the attention of more than 40 US editors and influential businesspeople, including editors at Vogue and Oprah Winfrey’s magazine, within a month of opening shop.
City of Cockburn residents who had signed up with Freelife Homes say they’re unable to get a new builder to resume construction of their houses, because the council is holding back new building per
Business News shines a light on four businesses operating in WA that have achieved the highest level of national recognition for increasing opportunities for indigenous Australians.
Coogee Chemicals has started the new financial year with a freshly installed executive chairman in Tim Martin, and a new managing director in Grant Lukey.
The Pilbara Ports Authority lifted throughput to a record 619.8 million tonnes in 2014-15, primarily on the back of a 21 per cent jump in iron ore shipments through Port Hedland offsetting a small decline at Dampier.
Gold and copper miner Geopacific Resources has launched a $23 million capital raising to fund an exploration program at its Kou Sa project in Cambodia.
The game between Adelaide Crows and Geelong this weekend has been called off, but other AFL games will proceed, after Crows coach Phil Walsh was found dead in his home early this morning.
Oil prices have changed little, a day after precipitous falls, as traders worried about a global glut and the first rise in the US oil-rig count this year.
Wall Street stocks have closed a holiday-shortened week slightly lower following a mixed US jobs report and as investors awaited Greece's weekend referendum over its economic fate.
