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Nickel has biggest monthly fall since 2011

AAP AAP
02 Dec 2019

Nickel hit its lowest point in more than four months on Friday and posted its steepest monthly loss in eight years on faltering steel output from top producer China and waning impact from an Indonesian ore export ban.

Woolworths

Woolies to defend wage theft class action

AAP AAP
02 Dec 2019

Woolworths has been slapped with an employee class action that alleges its underpayment scandal is far worse than the current $300 million estimate.

Optus fined $6.4m over NBN emails

AAP AAP
02 Dec 2019

The Federal Court has ordered Optus to pay $6.4 million in penalties for falsely telling customers of rival broadband services their home internet would soon be disconnected.

Clontarf Foundation

Clontarf receives $30m in government funding

Jordan Murray Jordan Murray
02 Dec 2019

The state government today announced it will provide $30 million in funding over five years to the The Clontarf Foundation, allowing the sports academy to operate in 30 Western Australian schools as of 2020.

Utilities, healthcare sectors boost ASX

AAP AAP
02 Dec 2019

The Australian share market has moved higher, shrugging off a negative lead from overseas at the end of last week.

Gold gains as investors eye trade talks

AAP AAP
02 Dec 2019

Gold prices gained on Friday as markets awaited further developments on US-China trade talks after officials in Beijing said they would retaliate against the US for passing a law in support of Hong Kong protesters.

Oil price slumps ahead of OPEC meeting

AAP AAP
02 Dec 2019

Oil prices fell on Friday, with US crude dropping more than 4.0 per cent, on fresh trade tensions and record high US crude production but they still ended the month higher as OPEC watchers expect an extension next week to a pact to throttle oil output beyond March.

Morning headlines December 2

Matt Mckenzie Matt Mckenzie
02 Dec 2019

Rich listers targeted by ATO in cash push

Alita Resources

Chinese group bids for lithium miner

Business News Business News
29 Nov 2019

Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.

Hanssen

Hanssen, CFMEU at odds after $89,000 fine

Mark Beyer Jessica Mascione
29 Nov 2019

One day after the federal government’s so-called union-busting laws failed to pass the Senate, the CFMEU has sought to turn the focus on construction boss Gerry Hanssen whose company was fined in the Federal Court today.

Royal Flying Doctor Service

Innovative RFDS looks beyond horizon

Madeleine Stephens Madeleine Stephens
29 Nov 2019

Providing medical assistance to astronauts in space isn’t any crazier than flying planes around Australia 90 years ago, Royal Flying Doctor Service WA chief executive Rebecca Tomkinson told a Business News Success and Leadership breakfast this morning.

ASX pulls back after hitting new record

AAP AAP
29 Nov 2019

The Australian share market has pulled back after hitting a new intra-day all-time high earlier in the day, as markets turned cautious on fears a new US law backing Hong Kong protesters could sink a US-China trade deal.

Mark my words podcast

Mark Beyer Mark Beyer
Matt Mckenzie Matt Mckenzie
29 Nov 2019

PODCAST: Mark Beyer and Matt Mckenzie discuss mining projects — the good news and bad, mining technology, BGC Contracting changes hands, Metronet, John Holland legal action, Water Corp contracting, new hotels, the Royal Flying Doctor Service WA, and our special report on chief executive remuneration.

Peninsula Energy

Uranium, gold explorers to raise $14m

Jessica Mascione Jessica Mascione
29 Nov 2019

Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.

Vysarn

Clement to lead Vysarn

Jessica Mascione Jessica Mascione
29 Nov 2019

Vysarn has appointed former AFL player and Sea Harvest managing director James Clement to lead the company next year, three weeks after he was added to the Fremantle Dockers board of directors.

Australia's emissions dip as exports rise

AAP AAP
29 Nov 2019

As Australia prepares for a UN climate summit in Spain, a new report shows annual greenhouse gas emissions have dipped slightly, mainly due to more renewable energy use and the impact of the drought.

Ruah Community Services

Ruah, MHLC announce merger

Business News Business News
29 Nov 2019

Ruah Community Services has announced it will merge with Mental Health Law Centre, providing WA's disadvantaged population with increased access to legal and community services.

The Adnate

Adnate picture perfect in hotels mix

Jordan Murray Jordan Murray
29 Nov 2019

George and Peter Atzemis’ $90 million investment into Accor’s latest Art Series hotel on Hay Street reflects a return in confidence for the once flagging hotel market.

University of Western Australia

Hub helps get good ideas to market

Jordan Murray Jordan Murray
29 Nov 2019

A group of 11 academics and entrepreneurs have joined to found the Commercialisation Studies Centre, a member-run, resource centre and events hub designed to aid relationships between academics and entrepreneurs in Western Australia.

ASX rises again and hits new record

AAP AAP
29 Nov 2019

The Australian share market remains in positive territory after having reached a new high for the second day in a row.

Morning Headlines

Cameron Drummond Cameron Drummond
29 Nov 2019

RCR knew of solar project budget chaos

Oil falls as US bill fuels China tensions

AAP AAP
29 Nov 2019

Oil prices have fallen for a second consecutive day overnight after US President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.

Gold steady as investors watch trade talks

AAP AAP
29 Nov 2019

Gold traded in a narrow $US5 range overnight as investors gauged the impact of US backing of Hong Kong protesters on its trade negotiations with China while palladium scaled a record peak on a sustained supply crunch.

BHP

Autonomy, big data driving resources revolution

Matt Mckenzie Matt Mckenzie
28 Nov 2019

A move to use lasers to perfectly load rail cars is worth about $300 million to BHP and is an example of how the area around the town of Newman is world class in applying technology to resources.

Empired

Empired tips increased earnings

Jessica Mascione Jessica Mascione
28 Nov 2019

Empired shares have risen more than 8 per cent today after the IT services provider forecasted an increase in net profit and earnings per share for the current financial year, on the back of a $200 million pipeline of multi-year contracts to contest.

Australian share market hits all-time high

AAP AAP
28 Nov 2019

The Australian share market hit a fresh intraday all-time high in early trading as fears about global growth and trade fade into the background.

Vysarn

Vysarn wins $13m FMG contract

Jessica Mascione Jessica Mascione
28 Nov 2019

West Perth-based Vysarn announced it has entered a two-year drilling and construction agreement with Fortescue Metals Group for works across its mine sites in the Pilbara.

Civil Contractors Federation WA

Homebuilding flat, civil construction on rise

Dan Wilkie Dan Wilkie
28 Nov 2019

Fresh forecasts have pushed any recovery in Western Australia’s embattled home building sector out another year, while concerns have been raised about the capacity of the state’s building sector to cope with a predicted increase in activity in civil and engineering construction.

Department of Education

WA school cleaners, gardeners underpaid $5m

AAP AAP
28 Nov 2019

About 27,000 casual school workers including cleaners and gardeners will be compensated after being underpaid by Western Australia's Department of Education.

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