Oil prices edged lower on Friday as concerns about the surge in coronavirus cases sapping fuel demand while major crude-producing nations ready increases in output.
Gold jumped on Friday, poised for its sixth consecutive weekly gain, as a record-breaking rise in coronavirus infections in the United States fuelled uncertainly about an economic recovery, while a weaker greenback also added support.
A Perth company that has developed a digital trading platform for the global LNG market has secured financial backing from Shell, Tattarang Group and Woodside Petroleum.
Arrivals from Victoria face mandatory 14-day hotel quarantine at their own expense in Western Australia while travellers from NSW will be tested immediately.
The Australian share market has managed a late recovery to end the week higher, with shares in Fortescue Metals Group hitting an all-time high of $16.66.
Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.
In their weekly podcast Mark Pownall and Mark Beyer discuss unemployment, JobTrainer, budget preview, Woodside, Strike Energy, mining strength, Clive Palmer, shopping centre strains, and a look at property developments in Fremantle.
The federal government hopes Australia will be the backdrop of more screen productions thanks to $400 million to help the industry recover from coronavirus.
Azure Minerals will gain interests in four Western Australian gold assets from Creasy Group, with initial exploration to be funded by a $4 million capital raising.
Geraldton-based network company LogicIT has secured a $1 million state government grant to deliver high-speed broadband to the Mid-West and West Midland regions.
Western Australian universities are facing the prospect of diminishing returns as fee overhauls and fewer international students weigh on the sector’s growth prospects.
Historic Heart of Perth Inc management is finalising its projects before handing the scheme to a community-run successor, having revitalised the east end of Perth since 2017.
Rio Tinto has reported a 1.5 per cent rise in iron ore shipments for the second quarter and says demand for the steelmaking ingredient is improving in China.
Oil prices fell 1 per cent overnight after OPEC+ agreed to ease record supply curbs and as new infections of the novel coronavirus continue to surge in the United States.
Gold fell below the key $US1,800 level overnight as the US dollar strengthened and the European Central Bank kept its monetary policy on hold, prompting some investors to lock in profits.
The Preserve Gnarabup community group will gather for a public rally against the development of a five-star resort in Margaret River tomorrow, following its proposal to rezone the land.
West Perth-based Challenger Exploration says it will use funds raised from a $20 million share placement to explore the company’s gold projects in South America.
Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.
The Australian share market has closed lower as Victoria reported the most coronavirus cases since the start of the pandemic and the country's unemployment rate hit a two-decade high.
The state government will invest $11.6 million into critical infrastructure upgrades at Geraldton Port, as part of Western Australia’s wider post-COVID economic recovery.
Shares in King River Resources rose 20 per cent today after the Western Australian company said it would begin exploration activities next month, following COVID-induced delays.
