More than 1,000 Western Australian companies went into external administration in the 12 months to March, an increase of nearly 36 per cent on the same period last year, according to the latest ASIC data.
Local explorer IMX Resources is back on track to spin-off its graphite portfolio into a new ASX-listed entity, after addressing concerns raised by the corporate watchdog.
Sensorium Theatre and Spare Parts Puppet Theatre are among the major Western Australian recipients in the latest round of project grants from the Australia Council for the Arts, which were worth $11.2 million in total.
GR Engineering Services’ oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $50 million job.
A US-founded tech company specialising in counter-drone systems has launched its prospectus for a $5 million initial public offering, with plans to list on the ASX by next month.
Lower iron ore prices and a stronger US dollar hit dual-listed Rio Tinto and BHP Billiton in London and the pair continued to suffer locally on Tuesday.
Gold has fallen two per cent in its biggest one-day drop in nearly seven weeks as the strengthening US dollar and a sharper appetite for assets seen as higher risk sparked selling across commodities.
The Australian dollar has fallen on the back a decline in China's imports.At 0700 AEST on Tuesday, the currency was trading at 73.16 US cents, down from 73.63 cents on Monday.
University of Western Australia academics John Sykes and Allan Trench suggest that mineral exploration should remain a corporate imperative – but why find more mineral supply when markets are so weak?
A growing uptake of technology for farming practices is likely among the state’s agribusinesses in coming months, according to the latest Commonwealth Bank Agri Insights survey.
Local gold companies Azumah Resources and KIN Mining have released updates on their respective projects, with Azumah slashing the capital cost of its Wa gold project in Ghana by $US54 million ($A73 million).
Creditors of movie streaming service Quickflix changed administrators to Deloitte, just two weeks after the company voluntarily appointed partners from Ferrier Hodgson.
Pilbara-focused Flinders Mines has recommended its shareholders accept an improved takeover offer from private New Zealand company Todd Corporation that values the target at about $74 million.
Three independent delegates have been chosen to reassess the state government’s Roe 8 highway extension project, which was knocked back by the Supreme Court in December.
Another head has rolled in the corporate watchdog’s investigation into Victoria Park-based car financing business Get Approved Finance, with Grant Parker permanently banned from the industry.
A construction start is imminent on yet another CBD hotel, while Western Australia’s tourism sector is in line for a $30 million marketing boost as the state government moves to the next phase of i
GR Engineering Services has won a $90 million contract to operate and maintain a floating production storage and offloading facility in the Timor Sea for Northern Oil & Gas Australia.
Diversified contractor Decmil Group has won $46 million worth of contracts with the Department of Defence, with work to be carried out across multiple states including Western Australia.
Commonwealth Bank of Australia has lifted third quarter profit about 4.5 per cent to $2.3 billion but has followed its big bank rivals by reporting a rise in bad debts.
The Australian share market has swapped the red for the green in choppy early trade as the major four banks, bar the ANZ, change direction and move into positive territory.
Gold has jumped one per cent after US non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases.
The cost of hiring tradies in Western Australia has fallen over the past year but continues to be substantially more expensive than other states, an industry survey has found.
