Shares in Fenix Resources were up by as much as 150 per cent today before falling at the close of trade, after the company announced it had intersected substantial high-grade iron ore via a drilling program at its flasgship Iron Ridge project, located in the Murchison region.
A tech business that supports power provision in rural areas and a company developing a laser robot to remove damaged tissue and bones have won a combined $1.7 million of federal Accelerating Commercialisation grants.
Lithium miner Galaxy Resources has flagged a strong increase in its estimate of reserves and resource at its Mt Cattlin Project, located two kilometres north of Ravensthorpe, following its latest drilling activities.
Shadow treasurer Chris Bowen has said he is concerned about risks to Australia from the slowing world economy, so Labor must implement all its $200 billion-plus in pledged tax rises to arm the federal government with a bigger fiscal ‘‘buffer’’ to counteract any global downturn.
Oil prices dropped about two per cent overnight due to concerns the world's stumbling economy could pinch fuel demand as US shale fields surge and cuts by Russia come in below expectations.
Gold held firm overnight, propped by interest from investors seeking refuge from concerns over slowing global growth, while gains for the metal were limited as the dollar held near a multi-week peak.
US stocks have ended lower, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment.
The Australian stock market has closed lower for the first time in six days dragged heavily by financials, but remains on a six-year high comparatively for January.
Opinion: Upheaval in a key fishing resource highlights how policymakers need to build flexibility into their approach to regulating industries from the start.
Big donations to three philanthropic trusts in Western Australia augur well for future charitable donations, although the state’s wealthiest person, Gina Rinehart, has bucked the trend.
Sheffield Resources has signed a deal with Woodside Petroleum and Energy Developments for the supply of liquified natural gas to the Thunderbird mineral sands project in the Kimberley.
BHP Group has highlighted a $US600 million (approximately $840 million) fall in earnings due to production disruptions at its Australian and Chile operations.
Perth’s Agristart accelerator program has won $485,000 of federal government funding to run three startup incubation programs in regional Western Australia, in Northam, Albany and Busselton.
Finbar Group’s new $330 million Civic Heart in South Perth will comprise two towers at 39 and 22 storeys, with the state government giving its tick to planning guideline changes for the site.
Osborne Park-based ServTech Global Holdings has acquired an Italy-based virtual reality and augmented reality software developer in an all-script deal worth around $5.9 million up-front, as the company seeks to turn around its struggling performance.
Marine services company TAMS Group has expanded outside of Western Australia, acquiring two Queensland-based companies with a combined staff of about 150 employees.
Heavyweight financial stocks have extended their losses and the big miners are also dragging the Australian share market lower amid a subdued growth outlook.
Rod Jones, who quit as chief executive of Navitas in 2017 only to return as part of a private equity-led takeover offer, says more staff and an improved experience for students is needed to get the most out of the university partnerships business.
Oil prices have edged up, reversing earlier losses, as investors shrugged off data that confirmed China's slowing economy and instead latched on to positive supply-side drivers for the market.
Gold has slipped to its lowest level in almost a month as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in US interest rates.
CBH Group has announced a $128 million surplus for the year to September 2018, compared to the previous year’s result of $248 million which was boosted by a record grain harvest.
