Shares in a West Perth-based oil producer with operations in Kazakhstan have increased 70-fold this week, despite the company shutting down production and the collapse in global oil markets, leading to an ASX intervention.
Graphite company First Graphene is planning to raise $6.2 million from a rights issue to expand its production facility in Henderson and increase marketing initiatives.
Pilbara Ports Authority is shifting its Perth office from West Perth to the CBD, continuing the tenant exodus from the near-city suburb as it moves its premises to a full floor at 999 Hay Street.
Western Areas says it remains on track to meet its full-year production guidance after reporting steady nickel production and sales over the March quarter along with a healthy financial position.
STA Travel has been ordered to pay $14 million in penalties for misleading advertising related to a product that purported to let consumers change the dates of their flights without fees.
Rio Tinto will spend $9.2 million exploring Antipa Minerals’ Citadel project in Western Australia this year, following a review of the joint venture agreement that considered the impacts of COVID-19.
Oil has extended its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
Gold prices jumped as much as 1.5 per cent to more than a one-week high overnight, after hopes of more stimulus from the United States to cope with a coronavirus-led lockdown.
Mark McGowan says parents are within their rights to ask for reduced school fees if their children aren't being taught in person, after numerous private and independent school bodies said in recent days that they would not resume face-to-face learning as normal in term two.
The Australian share market has treaded water for a second straight day, with gains for mining and energy stocks outweighed by losses for the rest of the market.
The WA premier has refused to be drawn on when the government will lift COVID-19 restrictions despite more evidence of their economic damage and another day of zero new infections.
Mark McGowan has vowed to press on with the reappointment of John McKechnie to the state’s top anti-corruption body, after the committee overseeing the CCC again declined to provide support to the nomination.
The operator of Mirrabooka’s Xtreme Ice Arena, Roselink Enterprises, has entered court-ordered liquidation, after a legal dispute with a member of the wealthy Caratti family.
Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.
Agricultural exporters from Western Australia, including beef and pork producers, have received further assistance, with the state government joining the federal government in subsidising international flights to carry their goods.
A $154 million package to support tenants and landlords and boost the construction industry has been unveiled by the state government, in its latest effort to reduce the economic carnage of COVID-19.
Galileo Mining has received commitments to raise $5 million through a share placement, including from IGO, as it seeks to ramp-up exploration activities at its Fraser Range project in Western Australia.
Data demand in Western Australia has surged more than 50 per cent since the state government introduced broad social distancing measures, according to latest figures from NBN Co.
Saracen Mineral Holdings was one of the first mining companies to respond to COVID-19, and managing director Raleigh Finlayson says the changes have profoundly changed his working life and the company’s operations.
Leaders from Perth’s investment community are urging startups to remain resilient during the COVID-19 pandemic, noting that ventures considered to be responding to the crisis will continue to receive funding.
Apartments in central Perth are maintaining resale values, with a vast majority of transactions in the past three years occurring at or above the median price for all dwellings, new research has fo
Santos has posted a 13 per cent drop in first-quarter revenue due to lower realised prices for oil and gas but says it has sufficient liquidity and debt headroom to weather the recent crude price c
Brent crude oil rebounded from two days of losses and US futures surged bolstered by tentative talk of additional supply cuts from OPEC producers and US inventory builds that were less dire than some expected.
Gold prices jumped as much as 1.9 per cent overnight on expectations of more stimulus measures amid massive economic damage due to restrictions around the world to slow the novel coronavirus.
There have been many surprises in this pandemic and one of them is learning who amongst us has the right level of resilience, appetite for risk and can keep a cool head under pressure.
Western Australia marked its second day without any new COVID-19 cases, Health Minister Roger Cook said around a quarter of all deferred elective surgery may resume as of next week, and the federal government announced its intentions to stockpile $100 million of fuel.
