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Rio’s force majeure on iron ore

Rio Tinto has halted exports of iron ore to some of its customers, after a fire last Thursday engulfed parts of its Cape Lambert export facility, located 40 kilometres north of Karratha.

Perth property recovery a slow road: Riskwise

Property investors in Perth are facing a bleak outlook, according to new research, which showed a combination of oversupply of units and apartments, lending restrictions and low rental returns would result in 15 per cent negative growth over the next five years.

Qube, Mirrat shortlisted for port expansion

The Pilbara Ports Authority has short-listed two specialist logistics companies for the development of new general cargo facilities at Port Hedland.

Slow ramp up at Altura's Pilgangoora lithium

Processing plant problems at Altura Mining’s Pilgangoora lithium mine have slowed output ramp-up, with about 24,000 tonnes of lithium shipped so far from the 220,000tpa facility, nearly six months after production began.

Sheffield appoints UBS

Sheffield Resources has appointed global investment bank UBS as its corporate adviser to help assess potential investments by a strategic partner in the Thunderbird mineral sands project in the Kimberley.

An upside for every downside

The protracted Brexit negotiations, a tough-talking new leader in Brazil, and a buoyant gold price all bode well for WA in the year ahead.

$3.4m for refugee support

Communicare, Save the Children and Centrecare have joined forces to deliver a new federal program for migrants and refugees to Western Australia called Settle In.

Cirrus wins $5m govt contract

Subiaco-based Cirrus Networks has won a $5 million contract for an undisclosed federal government agency.

Wesfarmers to gain $2.1bn from Coles spin-off

Wesfarmers is expected to make a profit of $2.1 billion to $2.3 billion from the November demerger of its Coles supermarket division, and $670 million to $680 million from the sale of its stake in the Bengalla coal mine.

ASX up, but oil stocks and Wesfarmers drag

Australian shares are trading slightly higher but energy stocks continue to weigh at noon, while shares in Wesfarmers are in the red after the retail giant announced a weak Christmas for Kmart.

Morning Headlines

Big banks tackle APRA over $75b funding plan

Gold prices gains as US stocks slip

Gold prices have edged higher as US stocks slipped and expectations rose that the US Federal Reserve might halt its monetary policy tightening cycle.

Oil falls global economy concerns

Oil prices have fallen nearly two per cent as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by US-China trade hopes, but clung to some gains from that rally to end the week higher.

Euroz reports net loss

Stockbroking and funds management company Euroz has foreshadowed a half-year net loss after investment losses offset a gain in underlying cash earnings.

Takeovers Panel receives second Flinders’ notice

Flinders Mines' second largest shareholder has submitted an application to the Takeovers Panel to prevent the company from continuing with its proposed delisting, just a day after it received a similar notice from its 12th largest shareholder.

Miners, banks drag ASX lower to end rally

The Australian share market hasn't been able to sustain its four-day rally despite strong retail sales figures, with banks and miners weighing on the bourse.

Industry mourns passing of Brooke Arnot

Oil and gas industry professional and Petroleum Club governor Brooke Arnot has passed away after a battle with cancer.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss Perth’s luxury suburbs, crayfishing drama, tourism downturn, bumper grain harvest, Minderoo’s new CEO and our special report on the increasingly important and newsworthy aged care sector.

Vector acquires African gold project

Vector Resources has acquired a 60 per cent stake of the Adidi-Kanga gold project in the Democratic Republic of Congo, in a cash and scrip deal worth about $14 million.

Ichthys safe: regulator

The national petroleum industry regulator has responded to media reports that Inpex’s Icthys LNG operation is unsafe, saying it gave the all clear for gas to flow at the $US45 billion ($62 billion) facility.

Female CEO for WA Treasury Corp

The state government's trend of appointing female leaders to run key agencies has continued, with Kaylene Gulich appointed chief executive of the Western Australian Treasury Corporation today.

Uranium miners' shares soar on good news

Shares in uranium stocks Berkeley Energia and Eclipse Metals have risen sharply amidst positive news relating to the companies’ respective flagship projects.

WA graduate employment behind national uptake

Western Australian university graduates have a tougher time finding full-time employment than the national median, according to the 2018 Graduate Outcomes Survey by the Australian Department of Education and Training.

Black Friday boosts retail spend

Retail spending rose 0.4 per cent in November, beating market expectations, in a sign that Australians have well and truly embraced the Black Friday and Cyber Monday discount sales.

Asia stocks gain, focus on US-China talks

Asian stocks have inched upwards to one-month highs after US Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient on raising interest rates further.

Morning Headlines

WA workers face gas explosion risk

Oil eases after rally as trade hopes fade

Oil prices are slightly lower in see-saw trade, easing the day after a strong rally as investors were no longer encouraged by US-China trade talks and as weak Chinese economic data dampened risk appetite.

Gold dips as $US rise offsets Fed minutes

Gold has slipped, holding below $US1,300 an ounce as the dollar bounced up off lows as investors pared back bearish positions on the US currency.

Wall St rallies for fifth session

Wall Street has extended its rally into a fifth straight day in a session of whipsaw trading as investors responded to mixed comments by US Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummelled retail stocks.

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