Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.
The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.
OPINION: The big changes forced on the mining sector's FIFO operations is a perfect example of how upheaval in business can present opportunities to improve when the crisis has passed.
Rio Tinto has disclosed that 700 fly-in, fly-out workers have moved to Perth from interstate or overseas because of new travel restrictions, more than twice the number at mining rival BHP.
The two biggest Perth-based resources companies have furthered their interest in hydrogen, with one focused on export potential and the other investigating a more metropolitan project.
In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.
Andrew and Nicola Forrest's Minderoo Foundation is flying in tonnes of medical supplies from China and increasing Western Australia's capacity to test for COVID-19, as part of a rescue package announced today.
UPDATED: Woodside Petroleum has dropped plans for a 14-week fly-in, fly-out roster after presenting the option to its staff, opting instead for a less radical change as the oil and gas giant, along with mining companies, seeks to reduce the amount of travel to its remote sites.
Engineering company Primero Group has secured further work with Rio Tinto under $20 million in contract variations, while at the same time maintaining its full-year earnings guidance.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.
Former Fortescue Metals Group chief executive and current Perth Airport chairman Nev Power has been recruited by the prime minister to lead a National COVID-19 Coordination Commission.
Fortescue Metals Group said today it expected to meet its annual shipments guidance, as the mining sector started adapting to travel restrictions that will crimp fly-in, fly-out operations.
The Australian share market has dived to an almost eight-year low as borders close and businesses shut in efforts to slow the spread of the coronavirus.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
In celebration of International Women's Day, inductees of the WA Women's Hall of Fame and the winners of the Chamber of Minerals and Energy of WA Women in Resources Awards were announced over the weekend.
The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.
Western Australia-based businesses have won 70 of 134 contracts awarded for work on five major mining projects, while state government data shows 53 tenders were awarded to businesses with local content plans in the 2019 financial year.
The benchmark iron ore price has jumped to more than $US89 per tonne, continuing its month-long recovery, with the resources sector confirming that shipments to China are continuing as usual.
The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.
Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.
Credit Intelligence has appointed prominent banker Mark Paton as an independent non-executive director, following the resignation of Mel Ashton from the board.
Mining services provider Perenti Global has secured $155.5 million in new and extended contracts for works in Australia and Africa through its surface mining operation.
Fortescue Metals Group has reported a near four-fold jump in first-half profit as it cashed in on higher iron ore prices, while analysts said a lower than expected dividend reflected caution on the global economy.
The state government has today pledged to spend $2 million promoting regional tourism and $8 million on aviation, as it ramps-up its response to the worsening coronavirus outbreak.
Four of Perth's most notable business leaders offered their thoughts on how corporations can have a positive impact on the Western Australian community this afternoon, as Business News celebrated its 'Great for the State' series ahead of the first edition for 2020.
Primero Group has increased its order book to $195 million for the 2020 financial year after securing $100 million worth of engineering and construction contracts with Rio Tinto and Fortescue Metals Group.
Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.
Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.
The renewal of four major contracts with Fortescue Metals Group and Rio Tinto has maintained Sodexo's status as the largest operator in the state's facilities management sector.
The state government has approved an application by the Yindjibarndi Aboriginal Corporation to build accommodation at Millstream Chichester National Park, with the company to develop glamping tents, caravan sites and a new restaurant at the park.
More than 80 per cent of spending on the Eliwana iron ore project has been through local contractors, Fortescue Metals Group said today, while Premier Mark McGowan announced a major approval had been fast tracked to enable the mine to be completed on schedule.
Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.
Premier Mark McGowan this morning said direct flights from China were critical to growing WA's tourism industry, as the first direct flight from Shanghai to Perth arrived at Perth Airport.
Fortescue Metals Group won a Supreme Court decision today over an exploration licence application that had been declined because it was processed seconds after the regulator's deadline.
