Tayler Neale

Building approvals in Western Australia have dropped to the lowest levels in 16 years, according to the latest figures from the Australian Bureau of Statistics, while a new housing affordability survey has labelled the Perth housing market ‘severely unaffordable’.

Local explorer De Grey Mining will proceed with a $15 million acquisition of the Indee gold project, located near Port Hedland, from private company Northwest Nonferrous Mining Australia.

Shares in medical dermatology company Botanix Pharmaceuticals, led by Perth-based chairman Graham Griffiths and executive director Matt Callahan, have jumped more than 20 per cent today after the company announced successful results from an acne patient study.

A group of shareholders in life sciences company eSense-Lab has requisitioned a general meeting to remove three directors, including chief executive Haim Cohen, while also seeking to appoint MMJ Phytotech managing director Andreas Gedeon and Otsana Capital founder Faldi Ismail to the board.

Four Perth-based miners have tapped investors for more than $30 million, with Panoramic Resources raising $20.9 million for its Savannah nickel project in the Kimberley.

Fortescue Metals Group has been included in a worldwide gender equality index created by data services giant Bloomberg.

Perth-based oil and gas explorer Po Valley Energy has agreed to sell its assets in northern Italy, including the Selva gas field, in a share purchase agreement worth about $21 million.

Chevron said today it was disappointed with the state government's decision to commence a review of greenhouse gas emissions at the company's recently commissioned Wheatstone LNG project.

The state government has signed the stage two agreement for Western Australia’s new $428 million museum with managing contractor Multiplex, construction of which is scheduled for completion in mid-2019.