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Altura set to double production

Altura Mining has taken the next step to double capacity at its Pilgangoora project, approving a definitive feasibility study for expansion to 440,000 tonnes per annum of lithium concentrate, while confirming shipments from stage one of the mine are due in the second quarter of 2018.

IMF to bankroll Santanol fight

The private investors in sandalwood business Santanol Group, led by Tony Jack and Bob Bunning, have gained backing from litigation funder IMF Bentham for their fight against private equity group KKR.

Alexium International rejigs board

US-focused Alexium International Group has announced the appointment of two Australian non-executive directors, Claire Poll and Susan Thomas, while chairman Gavin Rezos will be retiring as of May 2018.

Banks, energy stocks weigh on lower ASX

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Earnings drop for MACA

Mining and civil contractor MACA has announced a hit to earnings due to underperforming contracts in its Interquip and Victorian infrastructure divisions.

Great Boulder returns promising drill results

Shares in Great Boulder Resources have tripled in value today after the company announced encouraging drilling results at Mt Venn, within its Yamarna copper-nickel-cobalt project east of Laverton.

AdBri probes 'hidden' underpayments

Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.

Aust shares follow US equities lower

The Australian share market has opened lower as two of the four big banks trade ex-dividend, and following a largely negative lead from Wall Street.

Morning Headlines

  WA pushes GST reform despite cost

Oil prices fall after US drillers add rigs

Crude is down slightly as expectations that OPEC and other producers will extend their production cut agreement were offset by US drillers adding the most oil rigs in a week since June, indicating output will continue to grow.

$A slips against weakened $US

The Australian dollar is lower against its US counterpart which itself has slipped, along with equities, amid concern over President Donald Trump's planned tax reform.

Gold falls but US tax doubts limit losses

Gold prices have turned lower as US Treasury bond yields rose, but losses were limited by weaker stock markets and the US dollar, which fell due to uncertainty over US tax reform.

$15m for Smart Cities projects

Six projects designed to make Perth a smarter city were launched yesterday, and they comprise a very eclectic collection, from a driverless electric bus in South Perth to management of wetlands in Joondalup.

Mark my words podcast

In this Business News podcast Mark Beyer and Mark Pownall discuss stock market hits highs, renewables privatisation, Perth Stadium, Historic Heart, Perth Festival, and junior miners.

Walsh to chair RFDS

Former Rio Tinto chief executive Sam Walsh has taken the reins as Royal Flying Doctor Service chair.

Feds provide $334m for university research

Western Australian universities will receive 8 per cent of the $333.5 million in federal government funding announced today to support new research projects nation-wide.

$150,000 fines for Pastacup breach

The competition watchdog has had its first major win enforcing a new franchising code of conduct, with the Federal Court today fining Pastacup franchisor Morild and co-founder Stuart Bernstein $150,000 for a failure to disclose he had been a director of two insolvent entities.

Aust shares end strong week on low note

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

Indigenous art meets high fashion in Perth

A fashion collaboration between internationally renowned Jimmy Choo, local designer Alvin Fernandez, and Western Australian indigenous artist Peter Farmer was brought to Perth earlier this week for a temporary exhibition.

Pilbara targets South Korean lithium sector

Pilbara Minerals has struck an agreement to work on the possible development of a lithium processing facility in joint venture with South Korean companies Polaris Shipping and LG Chem.

Court grants approval to Ten-CBS takeover

US media giant CBS's $41 million takeover of the Ten Network can proceed, with a court approving the transfer of all shares in the local network to the American company.

Judge says Tabcorp should have done more

The board and management of gambling giant Tabcorp should have done more to ensure that the company was meeting its anti-money laundering and counter-terrorism financing obligation, a Federal Court

Mundijong and Cardup to become activity hubs

The Shire of Serpentine Jarrahdale has prepared the release of 650 hectares as part of a project to develop industrial and commercial precincts in Mundijong and Cardup.

CBH leads as WA co-ops feature in national report

The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country’s top 10 co-ops and mutual enterprises, a new report has found.

Rebranding an art form at Perth Festival

The increasingly competitive nature of the arts marketplace has prompted a rebrand at the longest-running international arts festival in Australia, Perth International Arts Festival.

Local share market opens lower

The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.

Morning Headlines

Staged build for wind farm

$A up on $US hurt by tax cut delay fears

The Australian dollar has crept a little higher against a weakened greenback amid concern that proposed US tax cuts will be significantly delayed.

Gold prices rise on weak US dollar

Gold is higher as a weaker US dollar pushes prices during the session to a three-week high for the second time in successive days, while palladium dipped but stayed close to 16-year peak hit during the session.

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