Business News - Business, finance, political, & economic news.

Corporate Finance DealsView all

Orinoco buys out JV partners as MD and chair resign

Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.

Tawana raises $15m

Aspiring lithium miner Tawana Resources has raised $15 million from investors to fund ongoing development of its Bald Hill project in the Goldfields, a day after signing a $25 million offtake deal for the operation.

migme confirms sale to US business

Digital media company migme has confirmed it is selling its underlying business to US-based investment group Solaris Power Cells in an all-scrip deal.

Bligh backs improved Zeta offer

Bligh Resources has recommended shareholders vote in favour of an improved takeover offer by Zeta Resources, having previously backed an acquisition proposal by Saracen Mineral Holdings for its Bundarra gold project.

Strandline in $14m Rio Tinto farm-in deal

Strandline Resources has attracted Rio Tinto for a $14.5 million farm-in agreement at its heavy mineral sands tenement portfolio in Tanzania.

Most CommentedView all

New study reveals Perth suburbs selling faster than in boom

The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

GST first of many tests for Labor

OPINION: The McGowan government will need to get straight down to business, given the backlog of issues it needs to address.

Taxi tax could be admin headache

A taxi levy to buy back plates could be a major administrative headache for the sector and punish more efficient players, according to Ingogo chief executive Hamish Petrie.

Rise in Perth house prices tipped

A research collaboration between CoreLogic and ratings agency Moody's has predicted a turnaround in Perth's depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.

Politics & the EconomyView all

WA businesses more confident on year ahead

Confidence in the economy over the coming 12 months by local small and medium businesses has jumped to its highest level since December 2010, with Western Australian SMEs more bullish than most others in Australia, a new report says.

Stewart to run for Fremantle mayor

Business owner Ra Stewart says she wants to bring responsible financial management and enthusiasm back into the council if she is elected mayor of Fremantle.

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

Wages and debt weigh on confidence: ANZ

Low wage growth, rising household debt and global geopolitical tensions are all weighing on consumer confidence, ANZ Banking Group says.

Palmer goes quietly from politics

Clive Palmer is formally waving goodbye to politics and disbanding his political party.

Upcoming Business News EventsView all

PropertyView all

Brookfield shows off latest in office design

Brookfield Property Partners has used the vacant level four at 108 St Georges Terrace to showcase the latest in international office design.

Reshuffle among property execs

Property players are recalibrating their executive teams across the city, with a series of high-profile moves punctuating new strategies in 2017.

Relationships key to longevity

SPECIAL REPORT: Two home-grown WA building companies are celebrating four decades in the business this year.

Builders target niche opportunities

SPECIAL REPORT: Competition is ramping up among the state's commercial builders, as different strategies emerge to fill order books.

Malaysian developer acquires second Perth site

A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.

WA Event CalendarView all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, complete the online submission form.
01 May 2017 to 02 May 2017
| @ 08:30am
01 May 2017 to 05 May 2017
| @ 09:00am
01 May 2017 | @ 09:00am
03 May 2017 to 04 May 2017
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03 May 2017 | @ 08:00am
04 May 2017 | @ 08:30am
04 May 2017 | @ 09:00am
04 May 2017 | @ 06:30pm

Arts & CommunityView all

Funds shortage keeps puppeteers on a string

The need for more funding and resources in WA's creative sector, and changes to student loans, could be compromising the state's ability to deliver the training needed to nurture emerging talent. 

Gentle art of conversation not lost on mental health advocates

Perth business leaders, teachers and psychologists are part of a campaign using art to start conversations about youth mental health.

NFP seeks local support for care kits campaign

Not-for-profit organisation People Who Care is calling on the community and local businesses to pledge funds or donate items for kits to help those fleeing domestic violence. 

Perth initiative gives to Greeks

The Hellenic Initiative Australia has launched a campaign inviting people travelling to Greece to volunteer while they holiday.

Artist in residence: Ofa Fotu

Singer-songwriter Ofa Fotu grew up in Fremantle surrounded by melodies, but hadn't planned for music to become her career. 

EnergyView all

Miners told to lift local support

Premier Mark McGowan has gently chided the mining and energy sector, saying it needs to lift support for local manufacturing, apprentice training and local employment.

Gas industry weighs impact of export curbs

Major gas exporters on the east coast have promised to ensure higher domestic supplies, but the industry has slammed the federal government's new restrictions on gas exports.

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company's financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

Woodside continues Pluto expansion pursuit

Woodside Petroleum has engaged contractors to develop concept options for an expansion of the Pluto LNG facility for consideration as early as mid-year, while reporting an 11 per cent drop in March quarter revenue on the back of adverse weather and inventory build up.

Magnum, Bombora end acquisition plans

Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.

"Mark My Words" PodcastsView all

21 April 2017

In this Business News podcast, Dan Wilkie and Mark Beyer discuss 457 visas, chief executive salaries, Chinese investment in WA and the state of the construction industry.

13 April 2017

In this Business News podcast, Dan Wilkie and Mark Beyer discuss house prices, training and apprentices, iron ore prices, apartment projects and student housing.

07 April 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss property in Scarborough, Claremont, Elizabeth Quay and the Hyatt, Private capital boosts HealthEngine and Muscleworx, distilleries win gongs and March quarter deals environment.

31 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss residential property, Quintis, insolvency law reform and oil and gas.

24 March 2017

In this Business News podcast, Mark Pownall and Mark Beyer discuss TFS- Quintis, Kerry Stokes and mining investment, Western Force’s prospectus and who are the state’s Most Influential people?

Food & WineView all

Local distillers show winning spirit

Those who fancy a tipple of the finest vodka or whisky will be pleased to learn that two of the world's best are made right here in Western Australia.

Getting more from the daily grind

From pods to beans, the founders of social enterprise Community Pod have extended their business model.

Chains serve up $40m stores push

A big increase in takeaway spending in WA may not be flowing through to the big players, but they are still investing in market share.

Investa, Eureka offer glimpse of new QV1

QV1 co-owners Investa Property Group and Eureka Real Assets have unveiled the look of Perth CBD's newest food precinct, the $6.5 million first phase of nearly $150 million worth of redevelopment works at the 43-level office tower.

Red Rooster unveils new store concept

Red Rooster has chosen Northbridge as one of four locations where it will open new-format stores, with smaller-footprint operations designed to allow the barbecued chicken chain to secure more inner-city sites.

Special ReportsView all

Filling niches

Filling niches

24 April 2017

Divergent strategies emerge in construction slowdown

Builders target niche opportunities
Relationships key to longevity
Corporate Finance March 2017

Corporate Finance March 2017

10 April 2017

We analyse 170 March quarter deals worth $7bn

Major M&A deal hunters lurking
OreCorp pursues gold plan with Africa focus
Capital raisings top $1bn
Most Influential 2017

Most Influential 2017

27 March 2017

Big changes among WA's political and business leaders

Influence radiates from centre of power

MiningView all

Environmental liability changes needed: Johnston

The state government has proposed changes to the Corporations Act to deal with mining companies that avoid their environmental obligations.

Mt Gibson to restart Koolan Island

Mount Gibson Iron will spend nearly $100 million on the redevelopment of its Koolan Island iron ore mine, with the company's board giving the green light to bring the operation out of care and maintenance.

Newcrest eyes FY target despite Cadia hit

Newcrest Mining expects to hit the bottom end of its full-year guidance range as disruptions at its two Australian mines affect production.

Macquarie stirs pot on mining and dining

OPINION: A worldwide shake-up of the fertiliser industry may play out in WA, according to the investment bank, which has been watching Wesfarmers' CSBP division.

BHP cuts copper guidance, updates iron ore plans

BHP Billiton has cut its full-year copper production guidance and outlined plans to sell some of its US shale acreage, while also announcing record iron ore production and reaffirming plans for its South Flank development in the Pilbara.

OpinionView all

Keep your customers happy and healthy

OPINION: Maintaining healthy relationships with your customers takes effort, and hard work.

Battle on for health high ground

OPINION: Could earnings inequality become an issue for medical professionals?

Mark my words podcast

In this Business News podcast, Dan Wilkie and Mark Beyer discuss 457 visas, chief executive salaries, Chinese investment in WA and the state of the construction industry.

Barnett defers major call

OPINION: Colin Barnett has decided to stay on as the member for Cottesloe, but how for long is another matter.

Royalties for Regions cuts a sensible first step

OPINION: During the state election campaign, Mark McGowan said his government would repay the state's debt as though it were a home mortgage; now, unfortunately, he is experiencing the equivalent of mortgage stress, which comes with taking on too much debt without enough income to service it.

RetailView all

Jetstar angered by 'worst airline' survey

Jetstar has lashed out at a passenger survey that ranked the Qantas-owned budget carrier one of the worst airlines in the world.

Perth-London Qantas flights on sale

Qantas today launched ticket sales for its new 17.5-hour, non-stop Perth-to-London service.

Coles sales growth shrinks further

Shares in Wesfarmers have fallen after the company unveiled a mostly weak third quarter for its retail businesses, including softer growth from its supermarket giant, Coles.

Woolworths wins dispute with Lowe's

Woolworths can press ahead with the sale of Masters' property assets after winning a stoush with former US joint venture partner Lowe's.

Amazon confirms it's coming to Australia

E-commerce giant Amazon has confirmed it will launch its full retail offering in Australia and is inviting local retailers to sign up.

Most viewed people

Alan Winduss

Alan Winduss

Company Secretary, Non-Executive Director, United Overseas Australia
Company Secretary, Non-Executive Director, Advanced Share Registry

Ra Stewart

Ra Stewart

Senior Manager, Corporate Relationships , Royal Flying Doctor Service

David Baker

David Baker

Consultant (from 2017)
Executive Director (2014-2016)
Non-Executive Director (2013-2014), Strike Energy

Lindsay O'Sullivan

Lindsay O'Sullivan

Non-Executive Director, The Veev Group
Executive Director, Keystart
Deputy Chair, Fringe World Festival

Marcus Gracey

Marcus Gracey

Chief Operating Officer, Fastbrick Robotics

Thought LeadershipView all

WA Outcomes setting the benchmark for consumption based IT in Government

Blue sky thinking comes from all manner of places.

Perth could become Australia’s next property investment hotspot – but where in Perth has the edge?

With recent property prices peaking in Sydney and Melbourne coupled with flat property conditions in Perth, there has been speculation recently that Perth is now the place to consider for investing in property. We all know that property investment has a number of risks so when considering investing in Perth, are there any areas that have the edge over other locations? 

Time to Shelve the Performance Appraisal?

Whether we call them performance appraisals, reviews, feedback or the current trending term, 'check-ins' every organisation has its own process of identifying, measuring, and developin

Improving Business Resilience with Cloud Disaster Recovery as a Service (DRaaS)

During 2016 many high profile enterprises (including the ATO and the ASX) suffered significant outages of critical IT services.

How Flexible are you?

Once upon a time flexibility in the workplace was the sole domain of working parents, however our changing world has seen an increased expectation across all areas of your business.  As with all change, this presents the organisation with a number of opportunities, as well as challenges.