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Downer wins further work at Eliwana

Downer has secured a $450 million contract with Fortescue Metals Group for early mining and maintenance services at the Eliwana iron ore mine in the Pilbara.

Kyckr launches $10m raising

Technology company Kyckr is raising up to $10 million from a placement and share purchase plan, with the Sydney-based firm planning to use the funds to build on recent international sales.

Horizon signs Shell for gas supply

Perth-based Horizon Power is purchasing gas from Shell to use in some of its power systems across regional Australia under a two-year supply agreement.

Morrison tries new IR approach

Renegotiating agreements with state governments to fund training and moves to simplify the awards system will be part of Prime Minister Scott Morrison’s new economic strategy, while a bill designed to ensure trade union legal compliance has been junked.

New Century in purchase talks with Vale

Brazilian mining company Vale will help fund the acquisition of its struggling Goro nickel-cobalt operations in New Caledonia in a deal under discussion with New Century Resources.

Hazer, Water Corp partner on hydrogen project

Water Corporation will supply Perth-based technology business Hazer Group with biogas from its wastewater treatment plant at Woodman Point, following an agreement signed between the two parties.

Pandemic sparks logistics rethink

The recent panic buying of essential goods and increase in delivery services could have a lasting impact on Perth’s industrial property sector.

ASX nudges 1% higher after global gains

Shares are up by 0.9 per cent early on the ASX and the energy and property sectors are leading the way.

Gold prices dip on profit-taking

Gold eased overnight in holiday-thinned trade as some investors took profits, though lingering US-China tensions and extensive stimulus measures by governments worldwide limited decline.

Morning Headlines

JobSeeker surge in blue-ribbon suburbs

Oil steadies amid demand concerns

Oil prices edged up overnight in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts.

Govt relaxes company disclosure rules

The federal government has temporarily amended continuous disclosure provisions that apply to companies and their officers, citing concern about companies being exposed to opportunistic class actions.

Aust shares rise 2.2%, hit 11-week high

The local bourse has closed at an 11-week high after soaring more than two per cent, with gains across the board.

Warrego Energy to raise $15m

Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.

Sustainability gains ground in Margs

The wine industry is shifting to more sustainable production methods.

Market choices mitigate COVID impact

Exports, tourist numbers, and cellar door sales have been disrupted in the past few months, putting some WA wineries under pressure.

$1.5m to WA visual artists

The Art Gallery of WA Foundation and the gallery's board have announced a $1.5 million package for Western Australian artists represented in the State Art Collection and Aboriginal art centres across the state.

Gold explorers seek $12m

Kairos Minerals is looking to raise up to $4.2 million from a share placement and rights issue, while RTG Mining and Paterson Resources have also recently launched capital raisings.

Palmer call sends wrong message

The refusal to allow Clive Palmer into WA on public health grounds seems out of step with decisions relating to other high-profile businessmen.

Finbar brings sales in house

ASX-listed apartment developer Finbar Group has established a new business division, appointing an in-house sales team led by former Knight Frank head of residential Western Australia Neil Kay.

Regional travel restrictions to lift on Friday

The state government will lift regional travel restrictions in time for the long weekend, with Premier Mark McGowan urging Western Australians to travel within the state and support local businesses.

Western Areas takes 19% stake in Panoramic

Panoramic Resources has edged closer to the restart of its Savannah nickel mine in the East Kimberley after launching a $90 million capital raising, with Western Areas to emerge as a new strategic investor.

InteliCare lists after $5.5m IPO

Leederville-based startup InteliCare had a positive start to trading on the ASX today, with its shares closing at 31.5 cents each, more than 50 per cent above their issue price.

WA companies win Great Central Road works

A joint venture between Carey Mining and Central Earthmoving has secured sealing works on Great Central Road under a $20 million contract, with the project jointly funded by the state and federal governments.

Hassell, Devlyn win school contracts

Architecture firm Hassell has secured design works on new arts facilities at Bob Hawke College, which are set to double student capacity, while Devlyn Constructions has started work on new facilities at Belmont City College.

Master Builders seeks $13bn stimulus

The Master Builders Association is seeking more than $13 billion for a building and construction stimulus package which it claims will support an economic recovery, including subsidies for new home building and for rennvations.

Aust shares climb 1.5% in early trade

Shares have bounced about 1.5 per cent in early trade on the Australian market with all industry sectors higher.

Morning Headlines

JobKeeper: PM digs in over saving

Oil down on China-US tensions

Oil prices have tumbled about 2 per cent on rising US-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

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