Scarborough-based West African Resources has tapped investors for a $21 million capital raising to pay off debt and fund ongoing development of its Tanlouka gold project.
Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.
Commonwealth Bank of Australia chief executive Ian Narev has cited weak wages growth and political uncertainty as threats to Australia's economy, even as the country's biggest bank unveiled a seventh straight record profit of $9.45 billion.
Fairfax Media's new financial year has got off to a bumpy start, with its prized real estate advertising business, Domain, reporting a sharp slowdown in digital revenue growth.
The Australian dollar has rallied, with analysts tipping it to hit 77 US cents, as global risk appetite increases and after the greenback fell on weak US business productivity data.
Gold prices have edged higher as the US dollar slipped lower against a basket of currencies and concerns over the global economic outlook trumped some expectations that US Federal Reserve could raise interest rates this year.
Labor and banks head for collisionLabor leader Bill Shorten is using banks’ reporting of profits to step up his campaign for a royal commission, demanding that the ‘‘greed
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
Rox Resources has received a competing offer for its stake in the Reward zinc project in the Northern Territory, with Marindi Metals saying its offer will expire at 5pm today if it is not accepted.
Brendon Grylls has snatched back leadership of the WA Nationals and will press the Barnett government to support his plan to slug BHP Billiton and Rio Tinto with a $5 per tonne mining tax.
The number of Western Australian listings for accommodation site Airbnb has more than doubled in 12 months, but that growth hadn’t come at the expense of the hotel sector, Sam McDonagh told a Success & Leadership Breakfast today.
Construction contractor Laing O’Rourke and engineering firm AECOM have won a $25 million contract to upgrade the East Perth train station, which is expected to take on larger crowds when the new Perth Stadium opens next year.
The state government has unveiled a number of initiatives aimed at boosting tourism in Western Australia, including changes to cruise ship gambling rules and a $7.2 million promotion deal with Qantas.
News Corporation's full-year earnings have dropped about 28 per cent as growth in its real estate classifieds businesses fails to offset declines in news and book publishing.
ANZ Banking Group's cash profit has slipped 3 per cent in the first nine months of its financial year, weighed down by restructuring charges and bad debts.
Gold has steadied after falling to a one-week low as downward momentum from stronger-than-expected US jobs figures lost steam, with concerns over negative global economic sentiment lending support.
Oil prices are more than two per cent higher amid renewed speculation that OPEC will try to restrain output, easing oversupply worries that's pressured the market to three-month lows.
China ‘spies’ put power sale at riskChinese spies have been caught by the intelligence services conducting ‘‘brazen’’ espionage in Australia over the past year, hardening
A move flagged by National Party leadership challenger Brendon Grylls to effectively double the rate of the royalty paid by the state’s two biggest iron ore miners would make Western Australia one of the most punitive jurisdictions for taxes on production of the commodity.
Mark Pownall, the Head of Content at Business News, joins Jane Marwick on ABC 720 Drive radio to chat about WA business. This week is was Tracey Horton from Navitas and Dustin and Martin Michael, founders of Michael Brothers juice company.
State National Party MPs met at Parliament House today as former leader Brendon Grylls tried to retake the leadership from Terry Redman, claiming the Liberal/National alliance was not in a winnable position for the upcoming state election due in March.
SPECIAL REPORT: Former mining boss Charlie Bass and surgeon Peter Santa Maria are among the growing number of people in Western Australia looking to make innovation a commercial reality.
Investor interest in energy and financial stocks drove the Australian sharemarket higher on Monday, ahead of a flurry of company results this week as earnings season gets under way in earnest.
