Private equity groups are on track to gain control of two mining operations, after Aditya Birla Minerals sold its mothballed Mt Gordon operation, while Atherton Resources looks set to be acquired in a takeover valued at about $56 million.
SPECIAL REPORT: Business News looks at what’s holding up and what’s contributing to electricity price reductions, reviews the players in WA’s wave energy and waste-to-energy industries and reports on allegations of market manipulation by a Synergy-owned business.
One week after a big spike in its share price, Northern Mining has finalised plans to buy a major stake in a China-based gold exploration firm for a cash and share package worth $7.25 million.
The Australian dollar is lower as last week's decision not to raise the US Federal Reserve's interest rate begins to be seen as a bad sign for the US economy.
Gold has risen to a near three-week high as the Federal Reserve's decision to leave US interest rates unchanged rattled investors' outlook on the global economy and weighed on equity markets in developed economies.
Pindan has broken ground at TRG Properties’ Marina Edge project in Port Coogee after being named the replacement builder for Diploma Group, which backed out of a $38 million development contract on Monday.
Style chairman Peter Hutchinson has boosted his fledgling seafood business with the recruitment of experienced agribusiness executive David Lock as managing director.
Software technology company LiveTiles has had a tough first day of trading on the ASX, after completing a reverse takeover of Perth-based Modun Resources.
"You could drop a nuclear bomb on this parliament and Julie Bishop would crawl out as deputy leader." Labor senator Sam Dastyari's light-hearted joke with journalists was pretty close to the mark.
The militant construction union has agreed to pay up to $9 million to building materials company Boral as part of a "ground breaking" settlement that leaves open the possibility of further payments if the union breaches the deal.
Perth-based homebuilder Summit Homes is seeking to head off a looming shortage of bricklayers by ramping up its capacity to deliver homes using steel-framed and modular building techniques.
Australia's recent poor record in commercialising innovation received a boost late last year with the revival of the federal government’s Accelerating Commercialisation program.
The legal fallout from big resources and infrastructure projects continued to mount this week, when Downer terminated its contract on a $1 billion-plus ammonium nitrate plant in the Pilbara.
SeaLink Travel Group is set to become Australia's largest marine tourism and transport company through its acquisition of Transit Systems Marine for $125 million.
