Mineral sands miner Base Resources is pushing on with its takeover bid for World Titanium Resources, despite the target declaring yesterday the bid is not capable of succeeding.
Local government minister Tony Simpson has suspended the Shire of York's president and councillors for six months and has appointed former South Perth mayor James Best to oversee the local council.
The Australian share market has fallen sharply as investors fretted about falling oil prices and speculation that financially-embattled Greece would quit the eurozone.
The directors of Perth-based gold explorer Echo Resources have come out swinging after dissident shareholder Michael Ruane forced the company to convene a general meeting, where he will seek a board spill.
Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.
US stocks have tanked on worries about the eurozone and low oil prices as the euro hit a nine-year low against the US dollar and US crude slid below $US50 a barrel.
US oil prices have slipped below $US50 a barrel for the first time in more than five years as the surging US dollar and news of additional supplies extended a six-month rout.
Gold futures have jumped to a three-week high as investors turn to the asset for safety amid a steep sell-off in stocks, oil, copper and other risk markets.
Rob Ferguson has resigned as chairman of litigation funder IMF Bentham after failing in a push for the company’s three executive directors, including founder Hugh McLernon, to retire from the board.
Molopo Energy’s new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
Asciano subsidiary Patrick is looking to expand its operations at the port of Dampier, after announcing the purchase of a floating wharf that US company Apache Energy is close to completing.
Former Bankwest managing director Jon Sutton has been appointed Bank of Queensland’s new chief executive, following the departure of Stuart Grimshaw in September last year.
Engineering and construction contractor Decmil Group has won a $65 million extension to its wellsite installation services contract at QGC’s Queensland Curtis LNG project in Gladstone.
Angus McKay will begin his new role as Skilled Group’s chief executive and managing director today, more than two weeks earlier than his original start date, to review a merger proposal by Programmed Maintenance Services.
Wall Street stocks have finished the first trading day of the new year little-changed following lacklustre US economic data and with many market participants still on holiday.
