Rail operator Aurizon has cut the capex estimate of its West Pilbara iron ore project by 25 per cent to $4.5 billion, while also announcing a 15 per cent rise in underlying net profit to $604 million for the 2015 financial year.
A new iron ore mine proposed by BHP Billiton, and revisions to conditions placed on Rio Tinto’s Marandoo iron ore project near Tom Price, have been recommended for approval by the environmental watchdog.
In some of the state’s more remote towns, where electricity can be 700 per cent more expensive to deliver than in Perth, embracing cheaper new technology is only part of the solution to driving down costs.
The federal government’s $89 billion spend for new naval vessels represents an opportunity for businesses at the Australian Marine Complex in Henderson, as energy and resources projects dry up.
Contractors pursuing new infrastructure projects are continuing to diversify across industry sectors and geographies in response to continued weakness in mining-related work.
SPECIAL REPORT: The Committee for Perth has suggested an alternative route might be the best way forward for Perth's promised light rail network; part of our ten page feature on infrastructure.
The Australian dollar is only slightly lower as traders shrug off last week's Chinese yuan devaluations and await the minutes of the Federal Reserve's July meeting.
Gold has turned slightly lower as the US dollar shifts higher on encouraging US data and as investors weigh the impact of China's currency intervention on the timing for the first US interest rate increase in nearly a decade.
East Perth’s enclave of Claisebrook has emerged as a model for suburban rejuvenation, with sales figures over the 20-plus years since the redevelopment was launched indicating strong demand and solid returns for investors.
Welshpool-based logistics company Jolly & Sons has sold its John Deere dealerships in Dalwallinu and Wongan Hills to AFGRI Equipment Australia, the Midland-based subsidiary of South African agricultural services company AFGRI.
The Town of Port Hedland has received three bids, each worth more than $150 million, for a long-term lease over its airport, with the council due to make a final decision on the privatisation deal later this month.
Gucci is leaving its long-term tenancy on the corner of King and Hay streets, but fashionistas need not panic, with the luxury retailer simply moving to the other side of the street.
One of Perth’s most exclusive home builders says double-brick construction is no longer in vogue at the top end of the market, with clients becoming increasingly willing to explore alternative building techniques such as timber framing and cladding to achieve a specific look for their home.
The founders of a popular Korean restaurant in Karawara have curtailed their original expansion plans, despite being flooded with offers to open a number of new outlets.
Perth-based Viburnum Funds looks set to receive roughly $31.4 million for its shares in Australian ophthalmology company Vision Eye Institute after Vision announced an agreed takeover bid by Chinese firm Jangho.
Mining giant BHP Billiton has contributed about half a million dollars towards the construction of a walk trail on Rottnest Island, making it the largest contribution to the island by a corporate entity.
