Latest Headlines

Battery metals miner Liontown Resources has transitioned from developer to producer after announcing first spodumene concentrate at Kathleen Valley today.

The property giant has leased 300,000sqm in FY24, including 120,000sqm in WA, via its industrial fund.

A BHP railcar left the tracks during work at the iron ore miner’s Port Hedland rail yard this morning, with no injuries reported and no materials spilt.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Uranium exploration company Peninsula Energy remains confident production will resume at its Lance uranium project at the end of the 2024 calendar year.

GOLD WRAP: Rain fallout for Gold Road; enlarged Red 5’s consolidated output above 450,000 ounces; and Westgold prepares for Karora.

The country’s annual inflation rate has increased to 3.8 per cent, up from the 3.6 per cent recorded in the previous quarter, recent Australian Bureau of Statistics data shows.

Regional airline Rex and its subsidiaries have entered voluntary administration, with EY appointed to run through its books, with more than 600 jobs impacted.  

Nicheliving’s building registration renewal has been refused due to financial concerns, as more than 230 homes sit incomplete across the state.

Australia’s first deep sea hyperbaric testing chamber has been unveiled in Henderson, promising to slash wait times for subsea industries wanting to pressure-test their gear.

Visitor spending is up and direct flights are being added but international tourism to WA has slowed.

Rex flight sales cut in survival bid

An outpouring of raw emotion – both happiness and sadness – prevailed across several venues at the 2024 Paris Olympic Games on Wednesday morning.

Nadia Budihardjo and Tom Zaunmayr discuss private funds.

The ASX200 finished down 0.5 per cent after slipping more than twice that in early trading, while Fortescue Metals fell to a 20-month low.

Barley exports to China have surged to new highs one year after trade tariffs were lifted, and major South American offtakers have taken a shine to Australia’s grains.

Poseidon Nickel has announced promising results from its gold exploration, pivoting its focus on producing the commodity after a terminated deal with Mineral Resources.

Perth-founded internet service provider Pentanet has posted a 13 per cent increase on year-on-year profits in its Q4 results, buoyed by improved customer retention and gross sales.

Bhagwan Marine kicked off its first day of trading on the ASX by announcing a small upgrade to its earnings forecast and outlining plans to expand its business.

Chalice Mining says there’s no need to raise capital in the foreseeable future as it continues to tighten expenditure amid market conditions.

Major charity Telethon Kids Institute is to be chaired by Naomi Flutter, succeeding high-profile Julie Bishop as the organisation prepares to roll out a new name and strategic plan.

OPINION: A renowned adviser on military strategy says missile technology being developed in our region poses a serious threat to Australian interests.

Shares in Andrew Forrest’s Fortescue plummeted more than 10 per cent today, attributed to a major sell-down reportedly linked to US-based investment manager Capital Group Companies.

IGO will shortly transition its Forrestania operation into care and maintenance as it nears the end of its mine life, while also flagging job cuts from its exploration and corporate teams.

Hanssen has failed to appeal a long-running strata dispute over a Victoria Park property, which left the builder with a $7.6 million bill.

Perth-founded Canva has announced plans to acquire Leonardo.AI, one of Australia’s fastest growing generative AI startups.

Perseus Mining has met its annual guidance, producing 509,977 ounces of gold for the 2024 financial year.

A government microgrid trial has turned enough solar power for 80 homes into enough hydrogen power for three homes in WA’s Gascoyne.

Prime Minister Anthony Albanese has dodged questions on property tax reforms, and conceded newly minted housing Minister Clare O’Neil could “have other measures”.

As economic headwinds bite, there’s a growing collection of private capital waiting to be deployed.

Former Essex County Cricket Club boss John Stephenson has been appointed as WA Cricket’s new chief executive.

BHP plans to form a joint venture with Canada’s Lundin Mining to develop two copper projects in South America, highlighting its keen focus on the ‘future facing’ commodity.