Oil prices have slid lower, with Brent hitting a four-year low, on oversupply worries heightened by OPEC signals that producers have no intention of cutting output.
Gold has advanced to its highest level in nearly four weeks as worries about global economic growth weaken the US dollar and spur investor appetite for a haven.
Belt tightening among Western Australia’s mining equipment hire operations, miners and mining contractors is pushing record volumes of yellow equipment into auction yards.
A $9 million plan to redevelop the Cannington Exhibition Centre and Showgrounds has hit a potential roadblock, with a key component of the proposal - a new Bunnings Warehouse at the Albany Highway site - forced back to the drawing board over traffic concerns.
Australian resources companies are under-represented in Latin America’s mining sector despite its attractive operating environment, according to a seasoned player in the region.
Mermaid Marine Australia employees at the Dampier Supply Base will stop work on Wednesday for five days, while negotiations continue around wages and job security.
A buyer is understood to be circling the Port Geographe development near Busselton, potentially ending years of uncertainty for the blighted marina project.
Housing finance for owner occupation fell 2 per cent in seasonally adjusted terms last month, according to the Australian Bureau of Statistics’ August figures.
New and established players in the management consulting sector are beefing up their practices, undeterred by the slowdown in project work in the mining industry.
A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex’s Ichthys liquefied natural gas project near Darwin.
Chinese demand continues to drive export growth in Western Australia, with more than 57 per cent ($6.2 billion) of the state’s $10.9 billion of goods exports in August bought by China.
The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.
The centre of Northbridge is set to go high-rise, with development approval issued for two separate towers on James Street, comprising 112 apartments and a 206-room DoubleTree by Hilton hotel.
Construction company JAXON’s newly established multi-residential division has inked its first contract – a $17 million, 86-unit design and construct deal in Queens Park for the Department of Housin
The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.
A senior figure in Western Australia’s construction and mining industry, Sharon Warburton, has won this year’s Telstra Business Woman of the year award for the state.
A 430-student primary school for Ellenbrook has won regulatory approval today, as the last stage of residential development, Annie’s Landing, enters its final phases.
