Takeover target Aphrodite Gold has flagged an impairment charge of up to $19 million against its self-titled gold project near Kalgoorlie, but says it will not affect the value of its all-scrip merger with Perth-based Spitfire Materials.
The Turnbull government's Northern Australia Infrastructure Facility has agreed to issue its first loan, but the project still needs Deputy Prime Minister Barnaby Joyce's tick of approval.
The Australian share market is off to a flat start start after a weak lead from Wall Street, which had light trading volumes due to the Columbus Day public holiday.
Rinehart swoops on 171,000ha cattle stationMining and agribusiness magnate Gina Rinehart’s Hancock Prospecting has swooped on the Willeroo Cattle Station, snapping up t
Oil prices inched higher on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of continued action to restore market balance in the long term by agreeing to output cuts.
Gold prices rose on Monday, erasing all of the previous week's losses, as a weaker US dollar and the resilience of a key chart level removed some downward pressure, while the return of Chinese buyers to the market also lent support.
The Australian share market has closed higher as investors were encouraged by US economic data showing stronger wages growth, and a positive performance from China's share market which resumed trading after a week's holiday.
Subiaco-based Lucapa Diamond Company has secured a $US15 million ($A19 million) debt financing facility for development of its Mothae project in Lesotho, southern Africa.
Austal has won a $190 million contract to build two ferries for a Spanish client, along with an order for a 15th littoral combat ship for the US Navy for an undisclosed sum, but the company has yet to decide whether the two ferries will be built at its Henderson shipyard or overseas.
SPECIAL REPORT: Three Perth tech companies servicing the education sector have completed major capital raisings, and all for exactly the same amount, but each chose a very different path.
SPECIAL REPORT: Western Australian businesses participated in nearly 200 corporate finance transactions in the September quarter collectively worth $4.8 billion, research by Business News has found.
Carnegie Clean Energy has secured a $7.5 million debt facility with a Cottesloe-based investment group to assist with development of a 10-megawatt solar power station in Northam.
The joint venture partners of the Wheatstone LNG facility near Onslow have hailed first production, with the first of two gas processing trains coming online today.
Engineering group WorleyParsons is seeking to raise $322 million to fund the acquisition of AFW UK Oil & Gas, which provides services to the oil and gas sector in the UK.
The Environmental Protection Authority has recommended approval of Sheffield Resources’ Thunderbird mineral sands project in the Kimberley, subject to a number of strict conditions.
Federal Court proceedings have been issued in the shareholder class action against Commonwealth Bank of Australia, which is being funded by Perth-based IMF Bentham.
The way GST revenue is carved up among the states needs a proper fix, rather than more "band-aids and bolt-ons", federal Treasurer Scott Morrison says, but politicians from states winning from the existing distribution are set to oppose change.
The Australian share market has started the week higher, seemingly shrugging off last week's slightly lower close on Wall Street and renewed worries over North Korea.
Plan for reboot of GST carve-upThe nation’s key economic adviser will call for reform of GST payments to the states and territories in a report to be released today tha
Oil futures fell more than two per cent on Friday, ending Brent crude's longest multi-week rally in 16 months as oversupply concerns reappeared as producers have started hedging future drilling.
Gold bounced up from a two-month low on Friday, on concerns stoked by a Russian report that North Korea is preparing to test a long-range missile and on support from the U.S. dollar's shift into negative territory.
Carnegie Clean Energy has secured $16 million of state government funding for a wave energy project at Albany while also gaining conditional approval from the federal government to transfer nearly $12 million earmarked for its Garden Island project to Albany.
Local resources executive Vanessa Guthrie has been appointed to the board of uranium explorer Vimy Resources as a nominated representative of fund manager Resource Capital Funds.
The Australian share market has closed higher, boosted by the mining, energy and banking sectors, ahead of key market-moving US jobs data due overnight.
Artificial grass flooring, surfboards and graffiti are not usually found in a Perth office, but are some of the quirky features in Spencer Ogden’s new home on St Georges Terrace.
Faced with the task of diversifying its revenue streams amid a drop in construction activity, the Master Builders Association had to rethink how it could use the space at its regional centres.
