Making headlines, WA records five new local cases of COVID-19, a $40 million expansion of Coogee’s chlori-alkali plant approved and Troy Resources undertakes a recapitalisation in a bid to save the company.
The state government has refused Tada Group Holding’s application for $6 million seven-storey apartments in Scarborough, despite the project being flagged for approval.
Investors tempered their new year enthusiasm and lowered the ASX on the second day of 2022 trade as the latest wave of coronavirus infections dominated the economic agenda in many countries.
Shares in Fremantle-based agribusiness Wellard were up as much as 37 per cent on news it could receive up to $16.5 million following a three-year contract dispute.
ASX-listed Mineral Commodities and Alterra have made changes to their boards, while new leaders have been appointed at Good Sammy Enterprises and Pan Pacific Perth.
ASX-listed Troy Resources is undertaking a $26 million recapitalisation in a bid to save the company, after conceding it had found itself in a precarious financial position.
Decmil and NRW Holdings have been awarded contracts under the state and federal government’s estimated $216 million infrastructure spend on the busy travel route.
MMA Offshore has won several contracts to start the new year including two long-term vessel arrangements as part of ongoing work with Woodside Petroleum.
Opposition leader Anthony Albanese has challenged the prime minister to make rapid antigen tests free, backing calls for them to be available for all Australians.
The Australian share market has climbed to its highest level in more than four months as investors looked past surging local coronavirus cases to track gains on the US bourses.
Making headlines, Perth house prices continue to rise, Labor smashes its fundraising record and BCI prevails in its dispute with gas giants Santos and Chevron.
Pacific Bauxite is hoping to ride Chalice Mining’s spectacular success, but instead of the usual ‘nearology’ play, it is buying into the same commodities and taking the name of Chalice’s main project.
Big business and trade union support helped fill Labor's coffers in the year to June, with the party's $12.7 million haul outstripping the combined earnings of the coalition parties.
WA-based developer Peet has secured full ownership of the $6.7 billion Flagstone City project in South East Queensland, acquiring a 50 per cent shareholding from its joint venture partner.
Kerry Stokes-backed BCI Minerals is set to proceed with its $1.2 billion Mardie project after overcoming opposition from Santos and Chevron, which were concerned about risks to WA’s gas supply.
Major Focus Minerals shareholder Shandong Gold has raised its stake in the WA explorer to some 63 per cent, squeezing out Theta Gold Mines as a potential buyer.
Five new local COVID-19 cases have been recorded in Western Australia, with hundreds now being forced to isolate after potential exposures at an event.
The Australian share market has held on to steady gains despite a surge in local coronavirus cases, with investors focusing on reports about the raging Omicron variant being less severe than previous variants.
