Gold prices retreated overnight, a day after vaulting to nearly nine-year highs, as investors embraced the safe-haven greenback in the face of record US coronavirus cases.
Peet has announced a major restructure to cut costs, including the divestment of $75 million of non-core projects and annual savings of up to $7 million.
The Australian share market has finished higher, propelled by solid gains by Afterpay as well as gold prices hitting their highest levels in nearly nine years.
Perth CBD office vacancies increased during the second quarter of 2020 according to JLL, however the state is tipped to fare better than the east coast in the coming months.
The long-awaited Southdown Magnetite project, near Albany, has achieved a win after obtaining federal environmental approval, but securing funding is a challenge.
A $10.8 million liver cancer research centre has been established with donations from several philanthropic and research organisations, including $5 million from the Cancer Research Trust.
The developer behind the $425 million Port Kennedy estate has appointed EMCO Building and Graham Marsh Golf Design to progress the first phase of the development.
Western Australia will tighten its border with the east coast from midnight as coronavirus cases continue to grow in Victoria, which reported 165 new infections overnight.
Veris subsidiary Aqura Technologies has signed $2.2 million in contracts including with BHP, which will use the company’s communications service across its Pilbara mine sites.
Bellevue Gold says it will use the proceeds from a $120 million capital raising to fast-track the development of its namesake project in Western Australia.
Engineering company Worley has bought out Spanish urban transport company Ferrovial's half-stake in TW Power Services for $20 million, acquiring complete ownership.
Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company’s tenements in the Paterson copper-gold province.
Andrew and Nicola Forrest-backed Tattarang will pay $30 million to acquire two major pastoral stations in the Kimberley, increasing its already extensive Harvest Road investments.
Oil prices settled higher overnight as US gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections.
Gold soared past the technical $US1,800 threshold overnight, scaling its highest since September 2011, as investors bolted for safety from the novel coronavirus and central banks poured in powerful stimulus to cushion its economic fallout.
Master Builders executive director John Gelavis has criticised the state government’s new industrial manslaughter laws, arguing harsher penalties will not improve workplace safety.
The Australian share market has suffered its worst drop in nearly two weeks amid worries about rising virus cases in Victoria and overseas and following a drop in US markets.
Nickel miner IGO has reported solid production for the financial year, including its Nova mine in Western Australia having exceeded guidance for all metals produced.
Australia will reduce the number of international flights entering the country to ease pressure on hotel quarantine amid Melbourne's coronavirus outbreak.
Alumina Limited says its joint venture with aluminium giant Alcoa has been assessed $212 million in back taxes over historical alumina sales to a government-operated aluminium plant in Bahrain.
Super Pit owners Saracen and Northern Star have reported positive gold production for the June quarter, with Saracen reaching record output for the financial year.
Andrew and Nicola Forrest-backed investment group Tattarang has reportedly acquired a 50 per cent stake in Sydney-based fintech Azupay for more than $4 million.
A startup founded in Perth has attracted former prime minister Malcolm Turnbull as an investor as it targets a planned unicorn valuation within three years.
Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.
