The state government has forecast continued budget surpluses but behind the headline numbers lie big “cash deficits” and a large increase in state debt.
Shares in West Perth-based Caprice Resources rose by 50 per cent on Thursday afternoon, following news that the company plans to acquire a 90 per cent stake in the Bantam project, located in the West Arunta region of Western Australia.
Victoria Park-based explorer Raiden Resources has entered into an option agreement with Mallina Corporation, as it plans to divest its Pilbara-based Arrow gold project.
The state government has set aside half a billion dollars to fast-track clean energy and major industrial projects around the state and set aside some $36 million to expedite approvals as part of today’s state budget.
NEXTDC will expand its Malaga data centre with a five-storey building, after a development assessment panel greenlit the data storage company’s $56 million plan.
The federal government has formalised its view of gas as an energy transition fuel, committing to new projects as a means of maintaining reliable and affordable supply beyond 2050.
Mineral Resources boss Chris Ellison spoke with unwavering confidence about the miner’s project in Onslow, saying there was nothing easier than iron ore.
ANALYSIS: The cumulative value of the WA government’s pre-budget spending announcements is nearing $3 billion – a day out from Treasurer Rita Saffioti’s first official budget release.
The dollar figure for the deal has not been revealed, however in a statement EMR said it had acquired a “significant stake” in the Perth-based start-up as part of the “multi-million dollar” deal.
Prime Minister Anthony Albanese says delays to environmental policy reform show he is listening to WA businesses, but has brushed off questions on whether a draft will be ready before the next election.
Anthony Albanese labelled a statement by the Chinese foreign ministry, in which it said an Australian helicopter was acting “provocatively”, contradictory.
The West Perth company says the proceeds, in tandem with cash on hand, will fully fund the equity component of its $1.3 billion Hemi gold project in the Pilbara.
The total investment into the planning phase of the multi-billion-dollar Westport project nears $70 million after the federal government matched its state counterpart's funding.
Security and sovereignty issues in Mali have pushed Leo Lithium to offload its final 40 per cent interest in the Goulamina Lithium Project to Ganfeng for $342.7 million.
MSWA has broken ground on its long-awaited 24-hour care facility in Shenton Park, marking the start of a major project for the not-for-profit organisation.
Prime Minister Anthony Albanese has unveiled millions of dollars of funding for the resources industry including $566 million for an exploration map, at a Business News event this morning.
Price inflation has moderated as the supermarkets contend with criticism, including a government report that recommends breaking up the industry's big players.
