Businesses and non profits suffering big falls in turnover will receive subsidies of up to $1,500 per worker per fortnight under the federal government's new Jobkeeper program, with up to 6 million people to be supported.
Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.
Western Australian Kate Leeming recently embarked on a cycling expedition through the Andes in South America, but the pandemic cut this short and she had to make a mad scramble to get out of Bolivia before the borders were shut. Here's her story:
Apartments developer Finbar Group has put new project launches on hold, including its $365 million Civic Heart in South Perth, and withdrawn its profit guidance as uncertainty spreads throughout the property sector.
Buru Energy said today it has maintained production at its Ungani oil project in the Kimberley but has joined other resources companies, including Australian Vanadium, in cutting salaries, directors fees and other spending to preserve cash during the COVID-19 pandemic.
Late on Friday afternoon, the state government revealed a $205 million contract with Chinese telco Huawei and contractor UGL to replace radio systems in the rail network had been cancelled because of trade restrictions.
An 11th hour agreement has resulted in 29 passengers from the Artania cruise ship who have tested positive for COVID-19 being transferred to Joondalup Health Campus, after earlier proposals to shift them to Hollywood Private Hospital, the Mount Hospital and Bethesda Health Care were criticised.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
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.
