A new feature on the Business News web site that tracks the changing wealth of Western Australia’s company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.
Men are earning $26,000 more per year than their female counterparts despite increased efforts from employers to address pay gaps and gender imbalances, according to the latest report by the Workplace Gender Equality Agency.
Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.
Royal Dutch Shell has sold its entire shareholding in Woodside Petroleum for $3.5 billion, after strong demand from institutional investors prompted the energy giant to upsize its previously announced sell-down.
Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to allow the company to fund development of its coal projects in Queensland.
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.
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.
Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.
UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.