Shares in mining services company Perenti Global were up more than 6 per cent today after investment bank Gresham Partners announced an agreement to sell its $91.2 million stake.
Galaxy Resources has confirmed interest in striking a downstream processing deal with Alita Resources’ offtake partner, just a day after placing the lithium miner into receivership, while Talison is reconsidering the timing of its $516 million stage three expansion project at Greenbushes.
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Perth-based Perron Group has bolstered its management team with the recruitment of a dedicated chief financial officer, while also appointing a general manager of governance, taxation and risk in a
Macmahon Holdings says it is likely to come to an agreement with Newcrest Mining in relation to increased revenue for its mining services contract at the Telfer gold project, while on the same day releasing positive full-year results.
Investors have welcomed Austal’s announced that it lifted full-year profit 64 per cent to a record $61.4 million, underpinned by strong revenue from its US Navy programs.
US oil futures rose 1.7 per cent overnight, lifted by a deep draw on US crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.
Gold fell overnight as the US dollar rose and stock markets gained confidence with the latest positive development in the US-China trade deal but concerns over decelerating global economy kept prices hemmed near a multi-year peak.
The state government is to launch its long-awaited Asian engagement strategy today, with a broad conceptual push to align the regional trade with other key policies as well as a starting offer of up to $10,000 for 25 businesses to increase their capacity to win business in the neighbourhood.
Researchers at Telethon Kids and Harry Perkins institutes have been awarded more than $18 million in funding for health and medical research from both state and federal governments.
A Chinese company suspected of illegally clearing land at a pastoral station in Western Australia's north has had its appeal against a stop-work order dismissed, but has been encouraged to apply for a permit retrospectively.
Peard Real Estate is exploring a partnership with NASDAQ-listed eXp Realty, part of a consolidation initiative that has resulted in the closure of five offices due to difficult trading conditions in Perth residential property.
Rio Tinto has awarded works to NRW Holdings at its $2.6 billion Koodaideri iron ore project, while BGC Contracting secured a contract extension at Atlas Iron’s Mt Webber project.
Independence Group has reported a 44 per cent leap in full-year net profit on the back of strong production from its Nova nickel mine and Tropicana gold joint venture project.
Shares in Perenti Global, formerly Ausdrill, have surged as much as 17 per cent today, after it announced a full-year underlying net profit of $103.1 million.
Alita Resources has entered administration just two days after its biggest shareholder, Galaxy Resources, struck a deal to buy the company’s $42 million in secured debt.
Nearly 160 of EC&M’s 400 employees will be back at work in September, with administrators progressing deals with major clients since the business hit the wall last week.
Subiaco’s transformation post-football is gaining momentum, with the state government approving $227 million of funding to revitalise the Subi East precinct, a commitment expected to be a catalyst for more than $1 billion of private sector investment.
Lynas Corporation has posted a 50 per cent jump in full-year profit amid record production of major rare earth elements but the company says most of its growth will be outside China.
Wellard's full-year loss has widened by 33 per cent to $48.4 million after the cattle exporter was hit by Turkey's halt on live feeder imports and large impairments.
Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.
Oil prices rose nearly 2.0 per cent overnight after a larger-than-expected decline in US crude stockpiles helped ease worries about weakening oil demand caused by the US-Chinese trade conflict.
Gold eased overnight as the US dollar strengthened and as investors locked in profit following a more than 1.0 per cent jump in the last session but uncertainty over the US-China trade dispute and the global economy kept safe-haven bullion near a multi-year peak.
