Minister for Resources and Northern Australia Matt Canavan has quit cabinet today and thrown his support behind former deputy prime minister Barnaby Joyce, who has announced plans to seek leadership of the National Party tomorrow. It follows the resignation of deputy Nationals leader Bridget McKenzie yesterday and Greens leader Richard Di Natale today.
Oil Search shares have dropped more than 10 per cent in value after negotiations on developing a new gas field in Papua New Guinea fell apart over the weekend.
Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
Gold prices rose on Friday and were heading for their best month in five as worries over economic growth due to the fast-spreading coronavirus boosted appetite for safe havens.
Work on the first Henderson-built offshore patrol vessel will get under way within weeks, part of a 12-ship program worth $2 billion headed by German business Luerssen and local partner Civmec.
Contact information for nearly 1,500 visitors to The Perth Mint has been stolen through a data breach of West Perth-based market research company Metrix Consulting.
Former Boston Consulting Group managing partner Ross Love has been made chair of the Fremantle Ports Authority, with the Mid West and Southern Ports authorities also appointing new chairs earlier this month.
PODCAST: Mark Beyer and Mark Pownall discuss coronavirus and Brexit, new Chevron HQ, new office fund, WA’s biggest venture capital fund, discounted payment terms, workplace tragedies, City of Perth elections and our feature on Private Business.
Dunsborough-based Nauti-Craft has taken a notable step toward commercialising its marine suspension technology in global markets after signing an agreement with Yanmar Shipbuilding & Engineering Co.
Seven regional roads in Western Australia, including Great Eastern Highway and Indian Ocean Drive, will receive $17.5 million worth of upgrades this financial year in efforts to improve safety and prevent run-off crashes.
Building firms ADCO Constructions and Pindan have secured a pair of contracts collectively worth around $24 million, with ADCO to expand Osborne Park Hospital and Pindan to build a new community centre in Kalamunda.
Representatives from Western Australia’s education and tourism sectors have expressed cautious optimism the state’s institutions are well placed to ride out the effects of the current novel coronavirus outbreak, as the state government pledges $2.9 million in extra funding to aid in combatting the impact it will have on WA's tourism sector.
Funds manager Perpetual plans to buy US responsible investments firm Trillium Asset Management to take advantage of growing demand for sustainable investment.
Australian stocks seem set to end the week on a positive note despite continued international concern about the deadly coronavirus epidemic and its impact on the global economy.
Oil prices fell 3 per cent on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.
Shares in Panoramic Resources have plunged by more than 33 per cent, falling to their lowest price since 2016, after the company downgraded production guidance for the underground Savannah mine in the Kimberley.
Construction has commenced on the Bushfire Centre of Excellence based at Nambeelup near Mandurah, with Perkins Builders contracted to deliver the site’s $18 million build.
Primewest is spinning out five of its office assets in Perth and Brisbane into a new publicly listed fund, with the new trust’s portfolio valued at around $285 million.
Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.
United Way WA, Barking Gecko Theatre and Co3 Australia are among the beneficiaries of $2.1 million of donations from Healthway and Lotterywest to aid companies in executing public health and wellbeing programs.
