Latest Headlines

Gold has surged more than 1.0 per cent to fetch more than $US1,600 an ounce as Apple's surprise warning about the impact of the coronavirus outbreak fuelled concerns about global economic weakness, driving investors to lower-risk assets.

Macmahon Holdings has received a letter of intent from Silver Lake Resources for further work at the Mount Monger gold operations, including development of the new Santa mine.

The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads.

Contractors Monadelphous and Emeco Holdings enjoyed solid share price gains today after reporting their interim results, with Emeco posting higher profits and improved margins while Monadelphous forecast a 10 per cent increase in revenue for the full financial year after a soft first-half.

Panoramic Resources has sold a portion of shares in its Perth-based subsidiary, Horizon Gold, to the company’s major shareholder for $5.5 million.

Work has begun on a Fremantle apartments project that promises to enliven the port city’s east end, while a $6.8 million redevelopment of Beechboro’s Altone Park Shopping Centre has also kicked off.

NSW-based contractor Downer has secured the road portion of works for the Denny Avenue level crossing removal in Kelmscott, ahead of Perth construction company Decmil.

Recent planning decisions have been positive for developers in South Perth, but several major players have cautioned that significant challenges remain in the near-city suburb.

Low rainfall and high temperatures in spring have resulted in significantly lower wheat, barley, canola and winter crop production in Western Australia.

When their first sponsorship arrangement was introduced 25 years ago, EY was an accounting, tax and corporate finance business and WASO was part of the ABC.

Miner Rio Tinto has lowered its forecast for the volume of iron ore it expects to ship from the Pilbara region after tropical cyclone Damien hit the coast of Western Australia.

BHP shareholders will receive a heftier, fully franked 65 US cents per share interim dividend after the global miner lifted its first-half statutory profit 29 per cent to $US4.87 billion ($A7.25 billion).

Attorney-General Christian Porter has sent a warning to corporate Australia after Coles became the latest major company embroiled in an underpayment scandal.

Shares in Seven West Media have dropped to a record low after the media company posted a $67 million first-half loss as Australia's TV market continued its rapid decline.

As rapid technological change disrupts the economy, WA must ensure women share the benefits.

Almost one in 10 people aged 24 to 30 have left WA in the past five years, signalling more must be done to create a culture of opportunity.

Australian shares have fallen across almost right across the board as investors react to local profit results in the absence of strong offshore leads.

Ambitious entrepreneurs and sensible policies could make WA the world’s pre-eminent location for data analytics, remote operations and high-tech industries.

Gas giant calls on government to take charge on emissions

Oil prices inched up overnight as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply.

Gold prices have eased in a thin volume trade as risk appetite improved after China took further efforts to limit the economic impact from the coronavirus outbreak.

The Australian stock exchange has bounced back from its early losses to finish the day nearly flat as the big banks dragged on the market.

Subiaco-based Firm Construction has secured a $47 million contract with the state government to build an assembly and high-voltage testing facilities at the new Bellevue railcar depot.

Fringe World Festival recorded a drop in box office sales, despite higher attendance, as it wrapped up its 2020 season last night.

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

A 2008 agreement between Julian Wright’s two children and family company Wright Prospecting precluded further claims, a Supreme Court trial has been told.

Saracen Mineral Holdings has reported strong growth in its interim profits, helped by increased production and the recent acquisition of its stake in the Kalgoorlie Super Pit. Fellow gold miner Regis Resources and mining technology company Imdex have also reported positive first-half results.

An unusual partnership between the Perth Children's Hospital Foundation and the state government has underpinned the planned construction of a pedestrian bridge in Nedlands for an estimated $6.3 mi

Rio Tinto has announced the development of a $US98 million ($A144 million) solar plant at its Koodaideri mine in the Pilbara, which is expected to supply around two thirds of the mine’s average electricity demand once completed.

A long-term vision to create a world-class destination at Victoria Quay is close to being unveiled.

The Metronet rail rollout could cost about $2 billion more than first estimated, as the state government gets shovels moving on projects amid delays.

A more efficient freight network is a key priority for the state government, but upgrading the status quo requires a big spend and some complex solutions.