Administrations in Western Australia hit their lowest level in five years in the March quarter, but pressure continues for construction and hospitality.
Regional Development Minister Alannah MacTiernan announced the Collie Future investment prospectus this morning, touting millions of dollars in funding for the regional town.
While many Perth hospitality operators are closing their doors, a national group is building a solid portfolio of restaurants and bars across the city.
Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.
Newly minted opposition leader Liza Harvey has revealed her shadow cabinet, with former leader Mike Nahan appointed as shadow minister for planning and Asian engagement.
Oil Search has exercised a $US450 million ($A642 million) option to double its stake in a string of Alaskan exploration leases, while also affirming plans to sell off a portion of its first major venture outside Papua New Guinea.
Oil prices edged higher overnight on expectations that OPEC will extend an output cut agreement while investors awaited a meeting between the United States and China that could produce a breakthrough on trade talks.
Gold steadied overnight as investors looked for further cues from trade talks between the United States and China, which bolstered risk appetite and lifted the US dollar but the metal held on to support around the key $US1,400 per ounce pivot.
TNG has signed a binding contract with rail operator Genesee & Wyoming Australia to haul product from the Mount Peake vanadium-titanium-iron mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.
The state government inquiry into the City of Melville has highlighted transparency issues, following nearly 300 complaints made against the City since 2014.
The state government says it will reverse indexation changes made by the previous Liberal National Government, and commit an additional $30.2 million to the community services sector.
A $55 million development in West Leederville and a $27 million development in Mount Lawley have been approved this past week, with more than one hundred residential spaces to be completed in Perth’s north within in the next three years.
Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.
Australia's big banks have another challenger after South Africa's Investec announced plans to open a local branch following its successful application for a local licence.
Oil prices rose more than two per cent overnight and hit their highest in about a month, buoyed by US government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high and surprise drops in refined product stockpiles.
Gold prices dipped overnight on signals the US Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $US1,400 level.
The Environmental Protection Authority has recommended conditional environmental approval for Hastings Technology Metals’ $427 million Yangibana rare earths project in the Upper Gascoyne.
OPINION: WA has no control over the biggest issue facing its short-term economic outlook – the US-China trade war, which could cut demand for the state’s commodities.
