The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.
Shares in Tony Sage's Cape Lambert Resources have been placed in a temporary halt, ahead of a pending announcement regarding the company’s Kipushi cobalt-copper tailings project in the Democratic Republic of Congo.
Northern Star Resources has been knocked back in its $150 million bid to acquire a near-half stake in the East Kundana gold mine from its joint venture partners Tribune Resources and Rand Mining, which say the offer significantly undervalues the asset.
Austal has secured a contract to build two vessels for the US Navy, while also announcing that the Commonwealth has agreed to loan the government of Trinidad & Tobago $80 million to support a purchase from the local shipbuilder.
Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.
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.
The state government is planning to restrict new residential developments in the west end of Port Hedland while also implementing a new regulatory framework for air quality in the town, which is located adjacent to large iron ore stockpiles.