Local oil and gas explorer 88 Energy has received firm commitments for a $12 million capital raising to fund ongoing work at its Icewine project in Alaska.
Southern Cross Electrical Engineering shares jumped nearly 13 per cent today to their highest price since March, after the company announced an annual loss but maintained its dividend and was cautiously positive about its outlook.
One of the state’s largest Aboriginal trusts is being forced to further tighten its belt as its royalties from Rio Tinto’s Yandi iron ore project continue to fall.
Changes to residential development guidelines – designed to ensure density is built in appropriate locations – have the potential to drive up the price of housing, put pressure on existing infrastr
In a move to expand its presence in the mining services market, BGC Contracting will be forming a joint venture with South African firm DRA, the two companies announced today.
The engineering arm of property and infrastructure group Lendlease has won a $96 million contract to build BHP Billiton’s new tug harbour at Hunt Point in Port Hedland.
An interest rate cut is still possible, but evidence of further economic weakness will not automatically trigger such a move, Reserve Bank of Australia governor Glenn Stevens warns.
BHP Billiton spin-off South32 will write down $US1.9 billion of its manganese and coal businesses after suspending capacity at its South African smelter.
BHP Billiton has beaten its full-year iron ore production guidance but has flagged a hit to its full-year profit of up to $US650 million ($A876 million) due to weakness in its copper business.
Gold has edged higher, the day after it took its deepest dive in years and hit five-year lows, with many dealers bracing for more losses on expectations for a rise in US interest rates and subdued demand from India.
Vacancies in Perth apartments remain under the wider vacancy rate for houses in the metropolitan area, despite economic headwinds and record levels of new supply.
Aggregate spending was up 0.6 per cent in WA in June, bringing the total increase in the past 12 months to 7.7 per cent, according to data released by the Commonwealth Bank of Australia today.
Long-serving Liberal member of federal parliament Don Randall has passed away from what was believed to be a heart attack while on an electorate visit, aged 62.
Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.
Western Australia risks falling behind its competitors in agriculture and could miss out on making the most of opportunities in Asia, according to panelists at a Committee for Economic Development of Australia discussion on the industry today.
Shares in local technology firm Smart Parking closed 25 per cent higher today on news it had secured an extension to a contract with one of its existing clients, UK retailer Matalan.
Otto Energy is seeking to participate in exploring for oil and gas in Alaska through a $US4 million ($A5.4 million) investment in Austrian company Borealis Petroleum.
Shares in online advertising business Tech Mpire have continued their steep ascent of the last two weeks, ending the day up 11 per cent after the company announced an 83 per cent increase in monthly revenue for June.
