Gold producer Ramelius Resources is anticipating record output in the next financial year from its Mt Magnet and Edna May operations in Western Australia.
Fund manager Perpetual Limited has agreed to buy a 75 per cent stake in US-based investment management business Barrow, Hanley, Mewhinney & Strauss LLC for $US319 million.
Centaurus Resources says it will accelerate drilling activities at the company’s Jaguar nickel project in northern Brazil using $25.5 million raised from a share placement.
Takeover target Cardinal Resources has recommended shareholders vote in favour of the recently-improved proposal from Shandong Gold, which is offering to buy Cardinal for around $395 million.
The state government has foreshadowed more big spending initiatives to boost the economy but been criticised for the lack of detail and not including tax reform.
Safe-haven gold pierced the $US1,900 per ounce ceiling on Friday for the first time since 2011 as a worsening US-China row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.
The state government has announced changes to the construction commencement criteria of its Building Bonus stimulus package, off the back of a 211 per cent increase in sales in June.
Corporate finance group Argonaut has rejoined the funds management sector, with executive director David Franklyn saying investors need to rethink their approach to the resources sector.
The state government has again pushed back further easing of coronavirus restrictions to August 15, with Premier Mark McGowan noting the serious situation in Victoria and NSW.
Hassell principal Peter Lee has stepped down from the architecture firm’s international board after 16 years, to focus on his contributions to the Perth market.
In their weekly podcast Mark Pownall and Mark Beyer discuss the market update, economic impact, Tattarang, apartment knockback, environmental laws, Griffin Coal, and our special feature on WA's funds management sector.
Stavely Minerals says it will use $28 million raised to progress the company’s flagship copper-gold project in Victoria, while Lion One Metals has sought funds for its Fijian gold project.
Scott Millar did not have a lot of experience or credentials at the age of 14 when, spurred on by a school project, he started selling trinkets and jewellery at his local markets.
Mineral Resources has achieved record iron ore production for the June quarter, while Western Areas says its nickel output fell just below the company’s full-year guidance.
Oil prices fell 2 per cent overnight as investors worried the US Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher.
Gold prices jumped more than 1 per cent, just shy of the $US1,900 level overnight, boosted by an easing US dollar and hopes for more stimulus to revive virus-hit economies, while a rise in US jobless claims raised concerns of a slower economic recovery.
