Business News

WA has reported its sixth consecutive day of no new coronavirus infections. Prime Minister Scott Morrison says coronavirus restrictions are costing the Australian economy $4 billion each week. The National Cabinet is expected to ease some restrictions on Friday.

West Perth-based Predictive Discovery has received commitments to raise up to $6.9 million from a share placement and is seeking to raise up to a further $2.1 million to progress its gold discovery in Guinea.

David Palumbo has been appointed joint company secretary of Anova Metals.

Personal hearing technology developer Nuheara has launched a $2.5 million capital raising to help bolster its sales growth in Europe and the United States.

WA has reported its fifth consecutive day of zero coronavirus infections. Roger Cook has warned Western Australians cannot become complacent, despite four more recoveries overnight. There are 15 active cases in WA.

Our board moves wrap includes Grant Mooney, Steven Wood, George Sakalidis, Brent Smoothy, Mark Sawyer, Rudolph van Niekerk, Kevin Hart, Ray Ridge, Michael McAnearney, Richard Beresford, Gregory Vesey, Michael Steuert, Andrew Gould, Chris Quirk, Sally Langer, Stephen Hunt, and Trevor Matthews.

The National Cabinet has brought forward its decision to ease restrictions. The federal government will inject a further $205 million into aged care. Western Australia has reported zero new coronavirus cases overnight. The state government will launch a COVID-19 testing program in schools.

Our weekly appointments wrap includes Katt Osborne, Julian Hobba, Amar Nathwani, Paul Shillington and David Beros.

Mike Joyce has retired as non-executive director of Gascoyne Resources.

Western Australia has recorded zero new coronavirus cases and seven new recoveries. The state's total active cases has fallen to 36. Premier Mark McGowan has extended WA's State of Emergency by 14 days. TABs and national parks to reopen.

Department of Finance director general Jodi Cant has been recognised for her work in government, winning the Telstra Business Woman of the Year award for WA.

There have been six insolvency appointments to Western-Australian-incorporated companies in the last two weeks.

Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.

Fortescue Metals Group has upgraded its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.

Credit Intelligence has announced the retirement of Tony Ho as non-executive chair and the resignation of Mark Paton as non-executive director.

One new case of COVID-19 was recorded in Western Australia overnight, more than 250 Australian residents arrived in Perth from South Africa this afternoon, and Prime Minister Scott Morrison has reiterated that emergency welfare measures will cease in September.

Jonathan Whyte has been appointed company secretary of Infinity Lithium Corporation.

Three Perth-based contractors are members of two consortia shortlisted to build the $215 million extension of the Mitchell Freeway from Clarkson to Alkimos.

WA has recorded one new coronavirus infection overnight. The state's active cases have fallen to 47. WA has received a further $4 million worth of PPE.

Perth-based IT services provider Empired has secured two contracts with Western Power to provide a range of digital services for at least five years.

Wesfarmers has accelerated a review into its underperforming Target business as coronavirus lockdown measures hammer sales and spell a likely earnings decline.

Our board moves wrap includes Angus Craig, David Round, Michael Ruane, Rodney Foster, Nerida Schmidt, Andrew Childs, and Richard Lorentz.

The state has recorded one coronavirus death and two infections overnight. Roger Cook has urged Western Australians to only leave home for essential purposes. Scott Morrison says social distancing measures will not apply in classrooms.

Mineral Resources today said COVID-19 has had minimal impact on its mining operations but has downgraded its forecast iron ore shipments for the full financial year, due to weather conditions having affected its Koolyanobbing operations.

Graphite company First Graphene is planning to raise $6.2 million from a rights issue to expand its production facility in Henderson and increase marketing initiatives.

Western Areas says it remains on track to meet its full-year production guidance after reporting steady nickel production and sales over the March quarter along with a healthy financial position.

Our weekly appointments wrap includes Nathaniel Belcher, Susan Bergersen, Peter Yu, Julian Donaldson, Ashley Smith, Adrian Warner and Megan McCracken.

Our board moves wrap includes Samaila Zubairu, Taiwo Adeniji, Danny Segman, Kell Nielsen, and Wayne McGrath.

Galileo Mining has received commitments to raise $5 million through a share placement, including from IGO, as it seeks to ramp-up exploration activities at its Fraser Range project in Western Australia.

Data demand in Western Australia has surged more than 50 per cent since the state government introduced broad social distancing measures, according to latest figures from NBN Co.

Western Australia marked its second day without any new COVID-19 cases, Health Minister Roger Cook said around a quarter of all deferred elective surgery may resume as of next week, and the federal government announced its intentions to stockpile $100 million of fuel.

Retail turnover surged by a monthly record of 8.2 per cent in March as consumers rushed to stockpile groceries and office supplies ahead of COVID-19 lockdowns.