Exploration spending among ASX-listed resources juniors increased about 13 per cent in the December quarter, the third consecutive uptick, according to recent research by professional services firm BDO.
The Australian share market has staged an end-of-week recovery as investors rekindle their belief that US President Donald Trump will be able to address the issue of tax cuts regardless of the outcome of his efforts to repeal Obamacare.
Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.
West Perth-based hedge fund NWQ Capital Management has revealed it will be targeting the huge US financial sector with a new offshore fund, on the same day it announced former Bennelong Funds director Tara Bell would be appointed managing director of research.
ANZ Banking Group and Commonwealth Bank of Australia have raised mortgage rates, with all four of Australia's big banks now having moved out-of-cycle since the US Federal Reserve hiked its cash rate last week.
Shares in infrastructure and mining services company Downer have fallen more than 20 per cent after institutional investors showed limited enthusiasm for a capital raising to help fund its $1.26 billion takeover of cleaning and catering firm Spotless Group.
New state Treasurer Ben Wyatt has labelled the latest recommended GST distribution "abysmal" and a threat to the state's finances after the Commonwealth Grants Commission recommended Western Australia receive 34.4 per cent of its per capita share.
A Singaporean investment group has taken a long-term view on Perth's hotels sector, shrugging off plunging room rates and a massive wave of new developments to purchase the Crowne Plaza Perth for $50 million.
The appointment of Sam Walsh as a director of Mitsui & Company this week has brought attention to the usually low-profile Japanese multinational, which according to BNiQ Search Engine data has been a major investor in Western Australia's resources industry and is one of the state's largest exporters.
Two days after Harvey Norman rejected a claim that the Australian Securities and Investments Commission was reviewing its accounts, the retail giant has said the corporate watchdog is undertaking a "routine review".
Freshly renamed Indian sandalwood producer Quintis has suffered another share price slide, prompting a query from the ASX, following short-seller Glaucus Research Group's scathing report into the Nedlands-based business yesterday.