Treasurer Ben Wyatt has said he does not think BHP Group has been a bad corporate citizen after it was today revealed the iron ore miner might owe up to $300 million to the state in royalties, the company’s third such battle in recent years.
MZI Resources has decided to explore the sale of its Keysbrook mineral sands mine after recurring technical setbacks left the company saddled with high debt.
Sandfire Resources confirmed today it has approached MOD Resources about a potential takeover, with the target proceeding instead with a $15 million capital raising to support work on its T3 copper project.
Ausdrill has won contracts in Western Australia worth a combined $171 million, including for underground mining services at Regis Resources’ Rosemont project.
Perth-based contractor Clough has been chosen in collaboration with Italian business Salini Impregilo as preferred tenderer for civil works at the Snowy Hydro 2.0 pump storage project.
Perth-based company Kinetic IT has broken into the federal government market for the first time after signing two contracts with the Department of Defence worth a combined $91 million.
GR Engineering Services has been awarded the engineering, procurement, and construction contract for Tellus Holdings’ Sandy Ridge facility, located 140 kilometres north-west of Kalgoorlie.
Threat Protect Australia is pleased to announce that it has recently completed a capital raising of $1.0m through a placement of 4,761,905 fully paid ordinary shares in the Company at an issue pric
Australian shares are higher as renewed US-China trade optimism lifts global equities, with the local energy and financial sectors particularly buoyant in early trade.
The resources industry is expected to be one of the unlikely drivers of wages growth in 2019, with recruiters forecasting some salaries to climb by almost a third.
Oil prices have jumped about 3 per cent, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the US-China trade war.
Gold has slipped to its lowest value in more than a week and headed for its first weekly decline in five, as equities and the US dollar got a lift from investors taking on more risk due to growing hopes for a resolution in the China-US trade war.
A New York-based hedge fund has moved to majority ownership of specialist business lender Radium Capital after purchasing a 50 per cent stake in the Perth-based company.
Lobsters were sold for as little as $30 per kilogram under an initiative to encourage domestic supply, according to an unpublished government report which found the Local Lobster Program at least partially met two major objectives but also raised numerous concerns.
Easing US-China trade tensions have helped Australia's big miners, energy companies, and tech stocks soar as the local bourse closes the week at a new two-month high.
Leaders interviewed for the annual Business News CEO survey suggest that forward-looking decisions on energy policy and tax will be vital for WA’s future prosperity.
PODCAST: Mark Pownall and Mark Beyer discuss Woodside projects, Heath Development, Navitas, rising philanthropy and our special report on WA’s biggest deals and dealmakers.
An unnamed Chinese private investor has purchased a Coles supermarket in the state’s South West for $19.6 million, part of a $50 million asset sell-off by the retail chain.
The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.
West Perth-based gold and uranium explorer Predictive Discovery said employees at its joint venture with Progress Minerals in the West African country of Burkina Faso were safe, after a geologist working for its Canadian partner was kidnapped from the project site and killed.
Mining giant Rio Tinto expects to produce more iron ore this year, after it shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with full-year guidance.
The Australian share market is higher at lunchtime, led by the big miners, the big banks, and the tech sector after an 11 per cent surge in Afterpay shares.
Federal Opposition Leader Bill Shorten has kicked off his election campaign with a searing attack on big business and the wealthy, in a populist tirade that named and shamed one of Australia’s most iconic companies, miner BHP.
The Australian share market is expected to open higher after Wall Street made solid gains on reports that the US government might end some tariffs on Chinese imports.
