Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.
Perth home prices have risen for the third straight month for the first time since 2014, according to the the latest CoreLogic home value index report.
The Australian Petroleum Production and Exploration Association has announced Zoe Yujnovich as the new chair while Michael Abbott has been elected vice chair following the association's annual meeting.
Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
Belmont-based Zenith Energy has been selected as preferred contractor to build a 62-megawatt power station at Newmont's Tanami gold mine, edging out incumbent provider Pacific Energy.
Gold has dropped one per cent as upbeat sentiment on equities and positive US growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years.
Aveling Homes has been ordered by the federal court to pay $380,000 in response to the competition watchdog's claims that it had manipulated review websites.
Perth watch brand Haigh & Hastings has been revived nearly a year after the business was placed in administration, with founder Matt Sears gaining backing from two investors who share his passion.
Listed property developer Mirvac Group has introduced a scheme to make apartments at its Latitude Leighton Beach development more affordable for first home buyers.
The Chamber of Commerce and Industry WA has criticised the state government's crackdown on payroll tax exemption for employees earning more than $100,000 announced today.
The Australian share market has closed lower following the shock announcement of a royal commission into the finance industry, with banks and insurers hit by the news - Commonwealth Bank and ANZ recording the biggest falls.
Auditor general Colin Murphy's latest report has found Tourism Western Australia is unlikely to meet its headline target of doubling WA tourism spend by 2020 amid calls from the industry for reform of the government's tourism body.
The Australian Competition and Consumer Commission has highlighted mining industry concerns regarding grinding media company Moly-Cop's proposed acquisition of competitor Donhad in its statement of issues.
Junior miners Draig Resources and Capricorn Metals will tap investors in separate capital raisings as both companies advance their respective Western Australian gold projects.
The dairy sector needs a mandatory code of conduct to give farmers more bargaining power and to prevent chaos like that spawned by surprise cuts to the farmgate milk price in 2016, the competition watchdog says.
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.
Australian shares have opened sharply lower, weighed down by major falls across the banks after Prime Minister Malcolm Turnbull announced a royal commission into misconduct in the nation's financial sector.
The Australian dollar is lower still against a weaker US counterpart which lost gains made after Federal Reserve chair Janet Yellen spoke of continued US economic expansion and GDP was revised higher.
Oil prices have dipped in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC's meeting in Vienna, as members debate the path for an extension of the group's supply-cut agreement.
Gold prices have fallen, as global stocks hover near record highs making the safe-haven asset less attractive, and upbeat US growth data prompt an earlier rise in the US dollar and US Treasury yields.
A new report has challenged the accepted wisdom that Western Australia has a boom-bust economy that rises and falls on the back of the resources sector.
Embattled MP Barry Urban has quit the WA Labor Party amid a scandal over the legitimacy of his CV, but still wants to represent the Darling Range community.
