The western rock lobster industry contributes $282 million and around 900 jobs directly to the Western Australian economy with an overall impact of more than $500 million, a new report has found.
Gold has fallen one per cent, hitting a four-month bottom below its recent trading range, as Wall Street stocks rose and the US dollar strengthened on optimism about passage of a US tax overhaul.
Oil prices have climbed more than 1 per cent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in US stocks of refined fuels.
The joint owners of the Tropicana gold mine have approved spending of $48 million to underpin a new mining strategy that will see waste material from new pits tipped back into the original open pit mine, delivering increased production and a longer mine life.
The state parliament has passed legislation today that seeks to guarantee Western Australian businesses a larger share of government contracts, after the auditor general found major flaws in the existing Buy Local policy in a report tabled earlier this week.
Junior explorer Walkabout Resources will tap investors for up to $10 million through a placement and rights issue as the company continues exploration at its African projects.
Finders Resources’ second-largest largest shareholder, Taurus Funds Management, has rejected a 23-cents-a-share bid for the copper miner by Indonesian group Eastern Field Developments.
Byrnecut executive chairman Steve Coughlan has slammed the state government’s decision to crack down on payroll tax exemptions, saying his company will no longer receive the exemption for courses being undertaken by 1,200 employees.
The ASX is set to adopt blockchain-based technology for its clearing and settlement process, after announcing today that it would replace the current Clearing House Electronic Subregister System.
A big increase in manufacturing capacity could result from the production of tight and shale gas in Western Australia similar to that which occurred in the US state of Pennsylvania, according to Dennis Davin, secretary of that state’s department of economic development.
West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.
Australian shares are higher in early trade, ignoring a negative lead from the US where strength in technology stocks were unable to offset losses in energy shares after oil prices dropped.
BIS Oxford Economics’ latest outlook series report has delivered a stark analysis of expected demand for new houses and land across the Perth market in the near future.
The Australian dollar has slipped against its US counterpart which has continued strengthening amid optimism for US tax reform, lawmakers' efforts to avert a government shutdown.
US crude has tumbled nearly three per cent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in US inventories of refined fuel suggested demand may be flagging, while US crude production hit another weekly record.
Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton’s monopoly at the port.
A further reshuffling of state government departments appears likely after Treasurer Ben Wyatt released the government's service priority review today.
Australia have grabbed a 2-0 lead in the Ashes with a 120-run win at Adelaide Oval, where Josh Hazlewood effectively snuffed out England's hopes of victory during his opening spell on day five of the pink-ball Test.
Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.
The auditor general has found major flaws in the state government’s Buy Local policy, with concerns regarding data collection leaving agencies unsure if the policy is benefitting local businesses.
Shares in junior lithium explorers MetalsTech and Force Commodities have spiked after the companies announced funding and joint venture agreements, while European Lithium will tap investors to progress its lithium project in Austria.
