Former Hanlong Mining boss Hui Xiao has been handed an eight-year prison sentence by a Sydney court for insider trading with regards to two Perth resources companies.
Shares in West Perth-based Drake Resources have doubled in value on news the company is planning to exit the resources industry by acquiring an Israeli tech company for $11 million.
Gold has rebounded by more than one per cent as the euro bounced back from a six-week low against the US dollar after European Central Bank chief Mario Draghi indicated further interest rate cuts in the eurozone are unlikely.
US stock indexes have ended a volatile session little changed after the European Central Bank reduced interest rates but ECB chief Mario Draghi confounded investors who expected multiple rate cuts by saying more were unlikely.
Grower feedback has led the Australian Grains Champion to remove two clauses from its proposal to corporatise CBH Group, with the consortium continuing to criticize the CBH board’s handling of the matter.
Mincor Resources is planning to pursue gold mining opportunities on its Kambalda tenements, while continuing to pursue long-term developments at its core nickel projects.
The Yindjibarndi Aboriginal Corporation, which has been mired in years of controversy, has been referred to the Office of the Registrar of Indigenous Corporations after the Supreme Court found it did not have validly appointed directors.
Privately owned Perth company Eclipse Resources is facing a bill of more than $10.5 million after losing a challenge to the state government’s landfill levy.
Pilbara Minerals is targeting lithium and tantalite production at its Pilgangoora project near Port Hedland by the end of next year, after a pre-feasibility study estimated an $184 million capex.
Local company Talisman Mining has tapped investors for a $16.7 million capital raising to fund ongoing exploration at its Springfield copper-gold project in the Murchison region.
Blackburne managing director Paul Blackburne was last night named the 2016 Business News 40under40 First Amongst Equals, ahead of a talented and diverse field of candidates.
Solar-powered battery storage devices are being installed in Esperance to provide power to a handful of people previously connected to the electricity infrastructure razed by last November’s bushfires.
Gold fell on Wednesday as oil prices and world stock markets rose, and expectations for further monetary easing from the European Central Bank prompted some investors to take profits after the metal's rally to 13-month highs last week.
Crown Resorts chairman Robert Rankin has called on the state government to do more to activate the city and Swan Valley so that international tourists can spend a full three or four days in and around Perth.
Medium-density housing approvals are still rising in Western Australia, albeit slowly, in contrast to approvals for detached homes, which have gone backwards along with the economy, according to ne
