Mining giant Rio Tinto has backed down from its decision to double the payment period on its supply contracts after widespread criticism from politicians and an outcry from suppliers.
Ratings agency Moody's has kept the federal government's credit outlook stable at AAA, despite raising concerns thar governments of both stripes had been unable to reduce spending or achieve fiscal consolidation.
Innovative concrete manufacturer Eden Energy has received a $US25 million ($A32 million) incentive package to progress construction of a production facility in the US state of Georgia.
A medical research company linked to Curtin University is seeking an ASX listing through the reverse takeover of Minquest in a deal worth nearly $5 million.
Specialist materials technology company Alexium International Group has raised $6 million from investors to fund ongoing development of its flame retardant products.
The price of gold has fallen from the previous day's three-week peak as the US dollar surged to a two-week high against the euro, and major stock markets rose after surprisingly upbeat trade data allayed concerns over China's economy.
THE state government is struggling to sell its economic strategy, with around 80 per cent of respondents to a recent Chamber of Commerce and Industry of WA survey feeling there is no credible plan
Japanese miner Sumitomo Metal Mining Oceania has met its funding commitment conditions to acquire a further 20 per cent stake in Gold Road Resources’ South Yamarna joint venture project.
Foreign Minister Julie Bishop has told the LNG 18 conference that Australia’s increasing role as an energy exporter added significant weight to the country’s strategic influence, while touting the benefits for the industry of recently signed free trade agreements.
The state government has awarded building and construction contracts to a number of local businesses, including Perkins Builders, with the combined value of the contracts worth about $37.3 million.
Resources Minister Josh Frydenberg said the federal government would be pushing states to remove moratoriums on unconventional gas extraction, including fracking, he told the LNG 18 conference today.
Residents at Alkimos Beach and White Gum Valley are set to participate in trials of solar energy technology and battery storage that could lead to large reductions in power bills.
Total chief executive Patrick Pouyanne has flagged that the next batch of LNG projects may not be as far off as some think, speaking at the LNG18 conference today.
The state’s building commissioner says contractors and suppliers need to be paid within 50 days, as controversy over the extension of Rio Tinto’s payment terms continues.
Fortescue Metals Group says it is running ahead of its production target and may be able to increase its full-year guidance, but has cautioned it may not hit its cash cost target.
Global oil prices have hit four-month highs, hovering just under $US45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.
Wall Street has closed higher, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season.
