Oil prices plunged another five per cent and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
Prime Minister Scott Morrison announces further restrictions for international arrivals, Health Minister Roger Cook confirms 24 new cases of COVID-19 in Western Australia, Premier Mark McGowan announces a ban on regional travel, and Mines and Petroleum Minister Bill Johnston proposes new rules to help mineral exploration companies.
Saracen Mineral Holdings has maintained its full-year production guidance, saying COVID-19 measures would have minimal impact on March quarter production, in contrast to yesterday's update from fellow gold miner Northern Star Resources.
PODCAST: Mark Pownall and Mark Beyer discuss the market update, Nev Power, Premier's inner circle, leisure sector, retail, mining challenges, Woodside, and our special report on the pandemic impact on WA.
Western Australians will not be able to travel outside of the regions in which they live from Tuesday, as the state government ramps-up restrictions on movement in its response to the COVID-19 crisis.
Movement in major city centres has dropped 80 per cent in the past two weeks, Prime Minister Scott Morrison said today, while flagging development of a policy to hibernate businesses until the COVID-19 pandemic is over.
South32 has temporarily suspended its manganese and coal production in South Africa, while also withdrawing full-year guidance for its international operations, in response to coronavirus-related g
Aquaculture company Seafarms Group has completed a $12.5 million capital raising ahead of the rapidly evolving COVID-19 situation to keep its operations afloat over the next 12 months.
Seven West Media is understood to have gauged market interest for its Osborne Park property assets, but any sales process has likely been placed on hold because of continuing economic turmoil.
Artificial intelligence and data analytics firm VROC has partnered with the City of Bunbury to develop and install upgrades to the city’s floodgates, using machine learning to help the town better prepare for an inundation.
Woodside Petroleum will delay investment decisions on the Scarborough and Browse LNG developments after a big fall in oil prices amid the escalating COVID-19 pandemic, but three projects under way will continue.
Gold prices jumped to a two-week high overnight, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic.
Roger Cook has confirmed 231 COVID-19 cases in WA. The state government will fund $3 million to coronavirus-related research. There will be easier access to some prescription medicines. New maternity hospital will be deferred.
Western Australia’s biggest building surveyor has warned an insurance impasse could halt major construction and infrastructure jobs across the state, with surveyors facing cost hike challenges and delays in renewing professional indemnity insurance.
Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.
Cedar Woods Properties has released the first lots at its Solaris Private Estate near Forrestdale, the company’s newest land subdivision in Western Australia.
Decisions on two LNG projects worth a combined $22 billion are likely to be delayed from this year to 2021, according to analysts Wood Mackenzie, while many producers have cut back to only essential staff.
RAC is the latest business to be affected by the COVID-19 pandemic, announcing it will temporarily close all nine of its parks and resorts throughout Western Australia until May.
Blue-chip miner Northern Star Resources has predicted the rest of the industry will be forced to follow its lead in making radical and costly changes to their operations to deal with the fallout from the COVID-19 pandemic.
The state government has this morning announced that it is encouraging parents to keep their children at home, reflecting what it said were new guidelines based on national medical advice.
Oil and gas explorer Otto Energy is looking to raise up to $17.5 million, despite current market conditions, to fund the development of its well in the Gulf of Mexico.
East Perth-based Uno Group is publishing online bi-weekly updates on consumer trends during the COVID-19 pandemic in an effort to help businesses deal with the hardships brought on by measures to contain the virus.
Seven passengers aboard the Artania anchored off Perth have tested positive for coronavirus, prompting WA Premier Mark McGowan to call on the navy to help get the cruise ship to leave.
