Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.
Low energy prices have caused $US4.4 billion of write-downs for Woodside Petroleum, as the company gave the markets an insight into valuations of major operations today.
Sydney-based explorers Gateway Mining and Navarre Minerals are raising a collective $15 million for gold projects through underwritten share placements with Western Australian brokers.
Technology entrepreneur Bevan Slattery will invest $2.5 million into Subiaco-based Pointerra, which will use the funds to employ workers in Australia and the US.
Digital technology’s growing influence on defence has prompted Henderson-based shipbuilder Austal to appoint vice-president Andrew Malcolm to the newly-created role of chief digital officer.
Anyone who flies into Western Australia from coronavirus-stricken Victoria will be immediately tested for COVID-19 when they land and travellers from NSW could be next if the outbreak there worsens.
A technology startup, cofounded by previous 40under40 award winner Tim Brewer, has received a $598,000 commercialisation grant from the federal government.
Business insolvencies in April were at their lowest in almost a decade in Western Australia, suggesting emergency COVID-19 provisions for directors had a major impact.
Oil prices slipped about 1 per cent overnight after global coronavirus cases rose by a record daily amount, fanning fears of renewed government lockdowns, and on growing US and European tension with China.
Gold prices firmed above the key $US1,800 level overnight, as surging US coronavirus cases boosted hopes for more stimulus measures by the Federal Reserve to cushion the economic fallout from the pandemic.
One of Western Australia’s largest gold mines has been forced to shut down after a safety incident involving one of Saracen Mineral Holdings’ underground miners.
The national average shopping centre vacancy rate reached 5.1 per cent in June, up from 3.8 per cent in December, according to the latest figures from JLL.
The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.
An electrician based in North Perth has been ordered to pay more than $27,000 after having been found guilty of breaching WA’s electricity licensing regulations.
CIMIC Group’s mining services business has received a $2.5 billion contract extension with Jellinbah Group for work at the Lake Vermont coal mine in Queensland.
Australian shares have jumped nearly 1.5 per cent in early trade, with investor sentiment buoyed by a strong closing on the US markets last week on hopes of a coronavirus treatment.
Oil prices climbed more than 2 per cent on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption.
Gold fell on Friday as gains in US equities trimmed flows into bullion, which was still on track for a fifth straight weekly gain after soaring to its highest level in nearly nine years last week on surging COVID-19 infections.
