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US crude on longest losing run since '84

Oil prices have fallen nearly a percentage point as global supply increased and investors worried demand growth could slow, pressuring US crude to its longest stretch of daily declines since 1984.

Gold falls to one-month low on strong $US

Gold has fallen by more than a percentage point to a one-month low as the US dollar strengthened after the Federal Reserve reaffirmed its monetary tightening stance, seen as a negative for non-yielding bullion.

Woolies sells fuel stations in $1.7bn deal

Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.

Albemarle brings forward WA project

Albemarle Corporation has revised the construction schedule for its $1 billion lithium plant at Kemerton, with site works due to start next month and the US company accelerating expansion of the project.

BHP clears train wreckage

BHP Billiton says the wreckage from its derailed iron ore train has been cleared and the miner is confident of resuming rail operations early next week.

Mark my words podcast

PODCAST: In this podcast Mark Pownall and Mark Beyer discuss the BHP derailment, lithium plant approval, North West Shelf Gas agreements, construction news, hotel developments, PEXA sale, and our special report on WA's innovation awards.

Lendlease flags $350m impairment

Lendlease's chief executive says he is embarrassed by the problems that have forced the construction company to take a $350 million post-tax impairment in its first-half results.

Hopkins to take charge at AMA

National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company’s chief executive.

Salt Lake in $13m raising

Salt Lake Potash has tapped investors for $13 million to fund development of its Goldfields salt lakes project.

Altura up on offtake deal

Shares in Altura Mining have finished 36 per cent higher today after the lithium producer announced an offtake deal with Chinese company Ganfeng Lithium.

Morning Headlines

$1b lithium jobs boost

Southern Cross wins $80m contracts

Perth-based Southern Cross Electrical Engineering has secured a series of contracts in NSW worth about $80 million.

Swedish construction firm enters WA market

Swedish construction company Serneke Group, which has annual turnover of $940 million, has established a foothold in the local market by purchasing an equity stake in Nedlands firm Consortium Builders.

Tech dominates encouragement awards

Tech platforms have dominated the Innovator of the Year encouragement awards, presented last night, with winners including a video conferencing device for remote communities, groundwater management software, business scheduling software, and a new transmission system for bikes and vehicles.

MinRes loads first ore at Koolyanobbing

Chris Ellison-led Mineral Resources has loaded the first train of iron ore from its recently acquired Koolyanobbing mine near Southern Cross.

Capricorn flags board changes

Gold-aspirant Capricorn Metals has announced a board restructure, which includes the retirement of managing director Heath Hellewell and founding director Peter Langworthy.

Gut health and cancer care win big

The Noisy Guts Project and Chemo@home have taken home the respective Emerging Innovation and Growth categories at last nights Innovator of the Year awards, marking a big win for Perth-based healthcare and research.

Thiess wins FMG autonomous install contract

CIMIC Group’s Thiess has been awarded a contract to install autonomous haulage system technology at Fortescue Metals Group’s Christmas Creek iron ore operations in the Pilbara.

Building platform tops award winners

Tom Young says interest in his udrew interactive building approvals system - the overall winner of the Mitsubishi Western Australia Innovator of the Year award - is growing ahead of its market launch early next year.

Jones retires from Navitas board

Navitas founder Rod Jones has stepped down from the board to manage his conflict of interest in relation to the $2 billion indicative takeover proposal for the education services company.

Morning Headlines

Ichthys facing claims ‘well in excess of $US1b’

Geopacific releases DFS for $198m Woodlark project

Geopacific Resources has detailed a capital expenditure of $198.5 million for its Woodlark gold project and is set to commence in early 2020.

Treasurer rejects gas pipeline purchase

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.

BDO announces new chair

Accounting firm BDO has announced the appointment of Pippa Hobson as chair of the Perth office.

New MD for Chevron Australia

Petroleum giant Chevron today announced that Australian boss Nigel Hearne will move to the US, to be replaced by company veteran Al Williams.

BHP facing ore shortfall

BHP Billiton disclosed today that its iron ore stockpiles at Port Hedland will not be sufficient to cover the supply disruption caused by this week’s train derailment.

ECU announces $48m science building

Multiplex has been awarded the construction contract for a $48 million science building at Edith Cowan University’s Joondalup campus.

NWS strikes LNG deal with Browse JV, Chevron

The Woodside-operated North West Shelf Venture has struck a preliminary deal to process LNG for the Browse project and Chevron’s Clio-Acme gas fields.

Kin responds to leaked report

The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.

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