News

A 40 per cent rise in project applications with the Department of Mines, Industry Regulation and Safety last year has provided another signal of a turnaround in the mining sector.

Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors’ shareholdings tracked by Business News.

Shares in Perth-based oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Western Australia's unemployment rate has fallen by a surprising 0.9 per cent in the month of December, while job numbers were up for a record-equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.

Critics of sandalwood company Quintis, who are already calling for a spill of current directors, are now pushing to replace the responsible entity overseeing its 2002 project.

How well you know your customers’ needs will go a long way to determining whether they remain your customers.

Saracen Mineral Holdings says it is on track for its 2018 financial year production target after announcing solid gold output for the December quarter, while also signing a deal to sell its Wallbrook project near Kalgoorlie.