Bellevue Gold has received commitments to raise $26.5 million through a share placement, as the company seeks to upgrade resources at its flagship project in Western Australia.
Medical tech firm Cochlear is seeking to eliminate liquidity risk by raising $850 million as the coronavirus pandemic delays elective surgeries across a growing number of countries.
Regulars at Rachael Torre’s cafe and convenience store Wholefood Circus would notice the differences as the hospitality entrepreneur adapts to the new environment, simultaneously seeking to save her business and “feed half of the Western suburbs".
Former Fortescue Metals Group chief executive and current Perth Airport chairman Nev Power has been recruited by the prime minister to lead a National COVID-19 Coordination Commission.
Virgin Australia has stood down about 8,000 of its 10,000 workers until at least the end of May and further slashed domestic flight capacity in the wake of the coronavirus border restrictions.
Australian shares have surged almost six per cent back to above the 5,000-point level on a wave of optimism a massive US stimulus deal will shore up the world's biggest economy.
Oil prices rose modestly on overnight but settled off the day's highs as the coronavirus pandemic's heavy toll on demand offset hopes for a forthcoming $US2 trillion US economic relief package.
Palladium and platinum prices surged on Tuesday, with palladium on track for its biggest daily gain since 2001, as major producer South Africa was locked down due to the coronavirus, while gold soared over 5 per cent as fresh stimulus stopped liquidation among investors.
Mark McGowan says regional WA travel restrictions will soon be announced, foreshadows beach closures. Optus Stadium converted to emergency headquarters for WA police. WA's confirmed COVID-19 cases grew by 35 to 175.
Woodside Petroleum has cut the number of people working at its Karratha gas plant, with the decision flowing through to hundreds of contractors at companies such as Monadelphous and UGL.
Cedar Woods Properties has completed a $26 million sale of a commercial asset at its Williams Landing estate in Melbourne, with the recently completed Emergency Communication Facility sol
Australia's share market has rallied from a near eight-year low with the US Federal Reserve taking drastic action to shore up markets and new coronavirus cases seeming to plateau in Italy.
People already waiting at the Western Australian border will be allowed into the state after the closure deadline, as the premier flagged banning regional travel and shutting down beaches.
A local brewing operation has sounded a dramatic warning to governments, urging approvals for new hand sanitiser products be fast-tracked to help mitigate the spread of novel coronavirus.
Gage Roads Brewing Company has increased its weekly production of packaged products by 80 per cent to meet a recent surge in demand but has cut production of draught beer and withdrawn its earnings guidance because of the uncertain outlook.
Curtin University has awarded a fire services maintenance contract to ARA Indigenous Services, a business established by former AFL player Michael O’Loughlin.
Kelmscott-based adviser Anthony Hilsley has been banned from providing financial services for four years, while real estate sales representative James Mitsopoulous has been banned from working in the industry for 10 years.
Domestic gas reservation schemes have earned a rebuke from the Productivity Commission, while it has called for an end to drilling bans and warned on the massive cost of approval delays.
Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.
Private schools across Western Australian have announced they will move to online teaching as the nation remains divided over whether schools should remain open during a pandemic.
Retailer Michael Hill International will close all 14 stores in Western Australia as part of its move to suspend operations nationwide, and in New Zealand and Canada, amidst growing COVID-19 concerns.
Woolworths has stood down 8,000 workers following the government ban on pubs, clubs and hotels while it has also postponed the separation and spin-off of its Endeavour division until 2021.
Australia's share market has risen more than 1.5 per cent from a near eight-year low but consumer confidence has sagged as a flood of profit warnings pour in and the coronavirus spreads.
It’s going to be all Wyatt nowBen Wyatt has reversed his decision to quit politics, declaring: “I want to serve my State in its time of need.” The West
Oil prices inched higher overnight while US gasoline prices plunged more than 30 per cent to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel.
Gold prices soared more than 4 per cent overnight, shrugging off early losses after the US Federal Reserve took aggressive new steps to combat the economic impact of the coronavirus outbreak, boosting investor sentiment.
WA's confirmed COVID-19 cases jumped by 20 overnight to 140. Premier Mark McGowan warned not enough people were adhering to social distancing rules. WA will go into border lockdown tomorrow while cafes, restaurants and bars were restricted to takeaway services only at 12pm today.
Fortescue Metals Group said today it expected to meet its annual shipments guidance, as the mining sector started adapting to travel restrictions that will crimp fly-in, fly-out operations.
Volume restrictions on alcohol sales will be required to ensure staff safety and avoid public panic buying, according to Australian Hotels Association WA chief executive Bradley Woods.
