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TNG to trim Mt Peake capex to $824m

TNG has conducted a review of its planned 2 million tonnes per annum Mount Peake vanadium-titanium-iron project, which revealed a potential reduction in capital costs of $29 million.

Hutchinson’s Vysarn relists on the ASX

Vysarn has rejoined the ASX with a healthy share price gain, five months after it struck a deal to purchase Perenti Global’s waterwell drilling business for $16 million.

Accounting for the surplus

There’s an economic significance to Australia delivering a current account surplus in the June quarter that reflects a wider trend than just strong exports.

Retail downturn more perfect storm than rent recalcitrance

SPECIAL REPORT: Landlords unwilling to budge on rents have been blamed for exacerbating Perth’s retail downturn, but leading leasing agents say the sector’s problems are substantially more complicated than the cost of tenancies.

BP moves goalposts for LNG

Alaska is a long way from Western Australia, but what’s just happened in the oil industry there could have a significant effect on plans to expand this state’s liquefied natural gas industry.

Woodside to reduce stake in Scarborough

Woodside Petroleum expects to reduce its stakes in Australia's Scarborough gas field and Canada's Kitimat liquefied natural gas project, which would help it reduce its capital expenditure, its chief executive told Reuters.

ASX opens higher on mining, banking boost

The ASX has opened higher as the resources sector and major banks post solid early gains.

Morning Headlines

WA eyes TAB sale as $1.4b deal sealed 

Bond yields, dollar, dent safe haven gold

Gold prices have fallen to their lowest level in nearly a month as rising bond yields and the dollar dented the allure of safe-haven assets.

Oil dips on prospect of new Iran exports

Oil prices edged lower overnight after US President Donald Trump fired national security adviser John Bolton, who took a strident stance against Iran, raising speculation of a return of Iranian crude exports to the market.

Tianqi launches Kwinana operations

Tianqi Lithium has officially started operations at the first lithium hydroxide refinery built outside China, with the company aiming to achieve practical completion of stage one of the Kwinana plant next month, while works on stage two have been put on hold.

Youth Focus encourages Australia to Sock it to Suicide

Australia Post staff are among those wearing bright, bold socks as part of a Youth Focus suicide awareness campaign launched today.

ASX dips further on health care, tech dive

The Australian share market has suffered its first loss in four days, with every sector except energy shares and financials in the red.

$1.4bn for Landgate partial privatisation

The McGowan government has inked its biggest privatisation deal yet, with Landgate’s titles register to be operated by a consortium including industry superannuation funds and a Macquarie Group fund, in a deal worth $1.4 billion.

Yukich buys Accolade's Swan Valley winery

Accolade Wines has sold its Swan Valley winery to the Graeme Yukich-owned Oakover Wines, which is the owner of the neighbouring Oakover Grounds winery.

Brewing up a point of difference

Two new breweries have recently opened in WA with three more on the way

Podcast: Office Hours with Damian Stone

On this month’s edition of Office Hours, Damian Stone is joined by the CEO of the Committee for Perth, Marion Fulker.

Gebro into administration

Small indigenous business Gebro Contracting, which has worked with Main Roads and Georgiou Group, has entered administration.

Live export inspector bill passes Senate

Live animal exports will be policed by an independent inspector-general under legislation poised to pass federal parliament.

Centaurus raises $10m for nickel project

Investors have welcomed Centaurus Metals' announcement that it raised $10 million via a share placement to underpin an exploration and development program at its recently acquired Jaguar nickel sulphide project in Brazil.

Maximus finds new Burbanks buyer

ASX-listed Maximus Resources has reached a $5.2 million sale agreement for its Burbanks gold processing plant in the Coolgardie region, after its previous $5.8 million deal with Adaman Resources fell through.

Farm confidence strong in WA

Farmers are upbeat in west and south of the country after a drop of winter rain, though confidence in the drought-affected eastern states continues to crumble.

Consortium outbids QIC with $470m Pacific offer

Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.

Women CFOs increase as chief executives drop

The number of women in executive leadership positions across Australia’s largest listed companies is slowly increasing according to a new report, with Emeco Holdings, Wesfarmers and South32 the top performers for Western Australia.

Sheffield raises $18m

Sheffield Resources has raised $18 million via a share placement, in lieu of a bridging loan facility, and to progress the strategic partner process for its Thunderbird mineral sands project.

Morning Headlines

States line up for housing debt write-off 

Oil up as Saudi minister commits to cuts

Oil prices rose about 2.0 per cent on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.

Gold dips as risk sentiment improves

Gold has fallen to a more than two-week low, briefly breaking below the key $US1,500 support, as renewed risk appetite and gaining US yields outweighed support for bullion from expectations for interest rate reductions by top central banks.

Brexit is a blip: London mayor

The long-running debate over Brexit is frustrating but there are much larger issues that will shape business and trade opportunities, the lord mayor of the City of London told a Perth business audience today.

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