Woodside Petroleum has engaged contractors to develop concept options for an expansion of the Pluto LNG facility for consideration as early as mid-year, while reporting an 11 per cent drop in March quarter revenue on the back of adverse weather and inventory build up.
Mining giant Rio Tinto has made a sluggish start to the year, with first-quarter shipments and production of iron ore affected by bad weather in Western Australia.
The Australian stock market has opened higher following three consecutive negative sessions, buoyed by gains in financial, real estate and retail shares.
Oil has tumbled to a two-week low, after a surprising build in US petrol inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.
Gold has fallen one per cent as the US dollar and stocks have gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.
How Turnbull saved Abbott’s skinMalcolm Turnbull intervened personally during the final week of last year’s election campaign to help ‘‘save’’ Tony Abb
Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.
The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state’s finances in the next financial year.
The share market has fallen for a third straight session, pulled back by weakness in the financial and energy sectors as geopolitical concerns continue to weigh on investor sentiment.
Local tech startup Zora Tech has soft-launched its first product to market, an online advertising platform that aims to better connect content creators, retailers and customers to what they want to see online.
Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.
Investment group Zeta Resources has announced plans to make an all-cash takeover offer for gold-focused Bligh Resources, competing with Saracen Mineral Holdings which had agreed to buy the target’s core asset in February.
OPINION: Corporate events such as takeovers and break-up proposals do not always have a political edge to them, but when they involve BHP Billiton, once Australia’s biggest company, politics are not far away (and neither is Western Australia).
Dacian Gold has formally awarded GR Engineering Services a $107.1 million contract to build processing infrastructure at its Mt Morgans gold project near Laverton.
Students face higher ed budget cutsUniversity students could be hit with higher fees and graduates required to pay back their loans faster than at present under a revam
The Australian dollar is trading slightly higher as the weaker greenback is offset by lower iron ore prices and dovish comments from the Reserve Bank of Australia.
Gold turned higher on Tuesday, nearing the prior session's five-month peak, bolstered by a softer dollar, lower US Treasury yields, North Korea tensions and nervousness ahead of the French presidential election.
International share registry and shareholder management firm Link Group has inked a nine-year lease at office tower QV1, taking the building’s occupancy rate past 90 per cent.
The share market has fallen after the heavily weighted mining, energy and banking sectors were sold off amid commodity price falls and global political concerns.
The University of Western Australia could be forced to pay nearly $5 million to Bibra Lake business TSW Analytical after the Court of Appeal found its relationship with the spin-out company was largely undocumented and opaque.
Lithium Australia is pushing ahead with its takeover plans for Lepidico, extending the deadline by two weeks despite only a small portion of the target’s shareholders taking up the offer so far.
Prime Minister Malcolm Turnbull has announced the abolishment of the 457 skilled visa program, which will be replaced by a visa with new requirements for temporary foreign workers.
Northern Minerals plans to spend $56 million developing a pilot plant for its Browns Range heavy rare earths project in Halls Creek, with first production expected next year.
