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Gold prices climb 1% as US dollar retreats

Gold prices jumped one per cent overnight as the US dollar pulled back from a two-year peak scaled earlier in the session and global equities and US Treasury yields slid on escalating US-China trade tensions.

Kelly’s lobster deal sinks

The fishing industry says it is disappointed by the state government's backdown on a local lobster supply deal, with a planned international lobster festival to be one of the casualties.

ASX dips for first time in seven days

The Australian share market has closed lower for the first time in seven days following losses by the mining, energy and financial sectors.

Potash players primed for slice of growing market

SPECIAL REPORT: As land and population pressures drive the need for more productive farming, WA finds itself at the centre of a new mining race.

Gold juniors to raise $7.1m

Crusader Resources is seeking to raise $4.1 million via a rights issue, while Amani Gold has raised $3 million through a share placement, as both juniors seek to advance their gold projects.

Battle over future of Subbies WA

An emotional and complicated dispute has broken out among current and former committee members of Subcontractors WA, after former chairperson Louise Stewart resigned in February to contest the seat of Curtin at the recent federal election.

Mincor buys IGO’s Long for $9.5m

Mincor Resources is moving closer towards a revival of its nickel operations after it acquired the Long mine from Independence Group for up to $9.5 million and announced a capital raising.

The Last Great Hunt for global show

National awards and sparkling reviews are no novelty for small theatre company The Last Great Hunt.

State govt tackles planning loophole

The state government says it will fix a planning loophole that enabled small housing subdivisions in WA to be built without connection to telecommunications infrastructure.

Kalium awards $60m of Beyondie contracts

Kalium Lakes has awarded four contracts related to purification plant facilities for its Beyondie sulphate of potash project, with DRA and FIRM Construction among the winners.

Native title for most of WA's Kimberley

More than 34,000 square kilometres of Western Australia's Kimberley region will receive native title recognition by the Federal Court following three separate determinations this week.

Ausdrill wins $126m contract extension

Ausdrill’s earthmoving parts and equipment subsidiary, BTP, has been awarded a three-year contract extension worth $126 million with Peabody Australia.

Wesfarmers' Kidman takeover a step closer

Kidman Resources shareholders will vote on Wesfarmers' $776 million takeover offer in August, as the conglomerate flagged a $700 million investment in the Mt Holland lithium project.

Morning Headlines

Albo vows to end class war

Oil price drops on swelling US stockpiles

Oil prices fell about 2 per cent overnight as an unexpected build in US crude inventories compounded investor worries that a trade fight between the US and China could dent crude demand over the long haul.

Gold holds steady above two-week low

Gold was little changed overnight after the minutes from the latest US Federal Reserve meeting were released, but the precious metal was trading above the two-week low hit in the last session as stock markets slid on fresh trade tensions.

Sixth straight day of gains for 'hot' ASX

The Australian share market has posted gains for a sixth consecutive day, setting another 11-year high.

Innovation at heart of Stirling, MJA team

Two Perth property companies have helped shift perceptions around apartment living, with a long-running commitment to design innovation.

Suburban A-grade buildings the best office performers

A-grade buildings in suburban locations are the best-performing office stock in Perth, according to fresh research which found that just more than 20 per cent of all commercial office buildings in the metropolitan area are vacant.

Iron ore juniors back in game

The price rebound this year has sparked renewed mining interest in at least eight previously mothballed projects.

Share registry forecasts 14.3% profit fall

Advanced Share Registry has estimated its profit it will decrease by around $350,000 this financial year, which it said is partly due to a reduction in corporate activity.

BHP foresees phase-out of energy coal

BHP Group is looking to add more oil, copper, and nickel resources to its portfolio, while souring on energy coal because it thinks the fossil fuel will be phased out, "potentially sooner than expected".

Invest in getting the right capital for your business

Founders seeking cash to back and grow startups face many hurdles to find a workable balance.

Bowen out of Labor race, Albo in box seat

Anthony Albanese could soon be elected unopposed as the new Labor leader after challenger Chris Bowen pulled out of the race.

NRW downplays possible BGC acquisition

NRW Holdings has denied media speculation it is in advanced discussions to acquire BGC Contracting, but it has not explicitly ruled out interest in the privately owned business.

APRA flags tougher capital requirements

Some financial institutions may face additional capital requirements after the prudential regulator said many show the same weak risk-assessment capabilities it found last year at the Commonwealth Bank of Australia.

FMG approves $417m new mine

Fortescue Metals Group’s has given the green light to its US$287 million ($417 million) Queens Valley mining area development, after it received all necessary environmental and heritage approvals.

ASX makes further gains at the open

The Australian share market has had a choppy open and dipped into the red as the banking sector dropped after two days of strong gains.

Morning Headlines

EnergyAustralia eyes $500m-plus gas deal with Twiggy’s terminal

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