News

OZ Minerals has progressed its joint venture with local explorer Cassini Resources at the West Musgrave nickel-copper project after positive results in a further scoping study.

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

Even those with only a passing interest in the resources sector would recognise there’s something unusual about an iron ore miner talking up a natural gas project and an oilman talking it down.

Fortescue Metals Group has terminated its agreement with TransAlta Corporation to purchase power from the recently completed South Headland power station after the miner raised performance concerns in August.

Mustang Resources managing director Christiaan Jordaan has resigned two weeks after an auction for its rubies in Mauritius brought disappointing results.

Altura Mining has taken the next step to double capacity at its Pilgangoora project, approving a definitive feasibility study for expansion to 440,000 tonnes per annum of lithium concentrate, while confirming shipments from stage one of the mine are due in the second quarter of 2018.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Mining and civil contractor MACA has announced a hit to earnings due to underperforming contracts in its Interquip and Victorian infrastructure divisions.

Shares in Great Boulder Resources have tripled in value today after the company announced encouraging drilling results at Mt Venn, within its Yamarna copper-nickel-cobalt project east of Laverton.

Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.

The Australian share market has opened lower as two of the four big banks trade ex-dividend, and following a largely negative lead from Wall Street.

 WA pushes GST reform despite cost

Former Rio Tinto chief executive Sam Walsh has taken the reins as Royal Flying Doctor Service chair.

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

Pilbara Minerals has struck an agreement to work on the possible development of a lithium processing facility in joint venture with South Korean companies Polaris Shipping and LG Chem.

US media giant CBS's $41 million takeover of the Ten Network can proceed, with a court approving the transfer of all shares in the local network to the American company.

The board and management of gambling giant Tabcorp should have done more to ensure that the company was meeting its anti-money laundering and counter-terrorism financing obligation, a Federal Court

The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country’s top 10 co-ops and mutual enterprises, a new report has found.

The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.

Staged build for wind farm

Osborne Park-based Decmil Group has won a $75 million contract with BHP Billiton to upgrade and expand accommodation for the miner's existing operations and its planned South Flank iron ore project near Newman.

A former real estate sales representative has been permanently banned from holding a Western Australian certificate of registration after the State Administrative Tribunal found she fabricated a se

The share market has closed higher for a third straight session as a lift in iron ore prices boosted miners and most of the big banks gained ground.

Eastern Goldfields has announced a conditional deal with an international asset manager to raise up to $30 million, with the proceeds used to maintain operations at the company’s Davyhurst gol

Optus is offering to compensate customers that have not received the National Broadband Network speeds they were promised.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it seeks to boost production as part of its turnaround plan.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it looks to boost production as part of its turnaround plan.

Citibank will refund customers more than $4.3 million after failing to give back outstanding credit card balances, and providing misleading statements about unauthorised transactions. 

Perth-based shipbuilder Austal has denied it sent an update to shareholders signalling the potential closure of its Henderson shipyard, with chief executive David Singleton telling Business News the company was strongly positioned to remain in Western Australia.

The Australian share market is higher in early trade, as investors hold on to the positive momentum from the past few sessions.

600 ship jobs could go: Austal

The share market remains at its highest level in almost a decade after a steady session during which Commonwealth Bank shone and iron ore miners lost ground but proved resilient to a fall in China'