Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.
US stocks have tanked on worries about the eurozone and low oil prices as the euro hit a nine-year low against the US dollar and US crude slid below $US50 a barrel.
US oil prices have slipped below $US50 a barrel for the first time in more than five years as the surging US dollar and news of additional supplies extended a six-month rout.
Gold futures have jumped to a three-week high as investors turn to the asset for safety amid a steep sell-off in stocks, oil, copper and other risk markets.
Rob Ferguson has resigned as chairman of litigation funder IMF Bentham after failing in a push for the company’s three executive directors, including founder Hugh McLernon, to retire from the board.
Molopo Energy’s new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
Asciano subsidiary Patrick is looking to expand its operations at the port of Dampier, after announcing the purchase of a floating wharf that US company Apache Energy is close to completing.
Former Bankwest managing director Jon Sutton has been appointed Bank of Queensland’s new chief executive, following the departure of Stuart Grimshaw in September last year.
Engineering and construction contractor Decmil Group has won a $65 million extension to its wellsite installation services contract at QGC’s Queensland Curtis LNG project in Gladstone.
Angus McKay will begin his new role as Skilled Group’s chief executive and managing director today, more than two weeks earlier than his original start date, to review a merger proposal by Programmed Maintenance Services.
Wall Street stocks have finished the first trading day of the new year little-changed following lacklustre US economic data and with many market participants still on holiday.
The state government has split the advisory roles for the first tranche of its asset sales program as it starts a sell down process that it hopes will relieve its difficult budget position.
Atlas Iron plans to write-down the value of its Pilbara assets by between $700 million and $900 million, after telling the market it is operating just at break-even before restructuring costs.
Perth Airport has awarded contracts to Perth-based companies Brierty and Densford Civil to improve access and parking around Terminal 1, as part of a $42 million redevelopment project to upgrade the forecourt and car parks.
The impact of falling export prices has been revealed in Canberra's Mid-Year Economic and Fiscal Outlook, as the federal government pushes the return to surplus out until the end of the decade.
Perth-based Mineral sands miner Base Resources has launched a scrip takeover offer for ASX-listed World Titanium Resources, which owns the Toliara Sands project in Madagascar, after securing extra funds for its Kwale project.
Western Australian businesses are becoming increasingly concerned about the economic outlook over the next 12 months, according to the latest Westpac/Chamber of Commerce and Industry WA report.
