As the state government focuses on streamlining approvals for large-scale apartment projects, some property developers are hoping the ‘missing middle’ won’t be overlooked.
Developers are pushing ahead with plans for new projects, hoping recent government initiatives aimed at stimulating the sector will help cushion any further COVID and economic blows.
EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.
The state government will remove more coronavirus-related restrictions this weekend, with limits on mass gatherings eased and major sport and entertainment venues to reopen, though WA's borders will remain closed.
Atlas Iron chief executive Sanjiv Manchanda was among the biggest fundraisers in Australia for this year’s CEO Sleepout, helped by a sizable donation from Atlas' owner, Gina Rinehart.
The Housing Industry Association of Australia has forecast a recovery for Western Australia’s home building sector over the next 12 months, following a series of stimulus schemes announced by state and federal governments in recent weeks.
Strandline Resources has secured a major portion of capital costs for its Coburn mineral sands project, with the Northern Australia Infrastructure Facility (NAIF) to provide up to $150 million in funding.
Processing data from the space industry could bring benefits to farmers and emergency services, according to the team from the Pawsey Supercomputing Centre, which has been awarded $1.5 million from the federal government to create a new national space data analysis centre.
Austal will invest up to $US100 million in its Alabama shipyard after securing $US50 million through US defence production laws intended to support the local steel industry.
The widening of parts of Bussell Higway will proceed this year after the project secured funding from the federal and state governments, which also announced new funding agreements and contracts for regional roads and Metronet projects over the weekend.
Wholesale distributor Metcash is benefitting from a continuing growth in sales as customers rediscovered neighbourhood supermarkets during the coronavirus pandemic.
The ASX has dropped by more than one per cent at the start of trade as increasing coronavirus cases in the US and Victoria prompt traders to be cautious.
Oil prices finished last week higher but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound.
Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns.
Listed stockbroking and funds management firm Euroz has offered to buy competitor Hartleys in a scrip deal that would give Hartleys’ current shareholders a 17 per cent stake in the combined group.
The Australian share market has finished flat, fading in the afternoon after being up as much as 1.2 per cent after government data showed retail sales rebounded in May.
PODCAST: Mark Pownall and Mark Beyer discuss North West Shelf shakeup, Westport development, broker consolidation, DUG Technology IPO, environmental approvals, #Perth, universities, and our special report on apartment developments.
BHP Nickel West has invested in a new growth opportunity by acquiring the Honeymoon Well development project from Russia’s Norilsk Nickel, which is exiting Australia.
Property fund manager Primewest has purchased a national agricultural asset management company for $10 million, two days after establishing a $300 million fund targeting neighbourhood shopping centres.
Cardinal Resources has received an all-cash takeover bid from Chinese producer Shandong Gold, which has offered to buy the West Perth-based company for 60 cents per share.
Retail trade rebounded a record 16.3 per cent in May, following a 17.7 per cent plunge in April, amid a gradual easing of coronavirus-related restrictions during the month.
Prime Minister Scott Morrison says Australian private and public sector organisations are being targeted in a sophisticated cyber attack by a foreign entity.
Retaining fly-in, fly-out workers could become a major issue for the Western Australian mining sector, with a report suggesting companies lack a clear understanding of the benefits valued most by their employees.
The Morrison government wants to steer young Australians into degrees that lead to jobs and will more than double the cost of humanities studies to do so.
