Latest Headlines

Court imposes $20m freeze order on Roy Hill contractor

Spanish-owned contractor Duro Felguera Australia, which is involved in multiple legal disputes arising from its work on big resources projects, has been ordered to set aside $20 million because of concerns it would not be able to pay potential claims.

ASX slightly higher ahead of fed budget

The Australian share market has closed slightly higher ahead of the federal budget and US President Donald Trump's decision on the Iran nuclear deal.

Rox to spin-out gold project

West Perth-based Rox Resources has announced plans to spin-out its Mt Fisher gold project into a newly established company, Helios Gold, via an initial public offering.

ABM signs agreement with Newcrest

Newcrest Mining has struck a preliminary farm-in deal with ABM Resources in relation to the Nedlands-based company’s Euro gold project in the Northern Territory.

Azumah up 56% on drilling results

Shares in West Africa-focused Azumah Resources soared today on the back of positive drilling results from its Wa gold project in Ghana.

Maca wins WA work

Local contractor MACA has secured nearly $40 million of work, including contracts for Panoramic Resources and Sandfire Resources in Western Australia worth up to $12 million.

Fleetwood slumps on earnings update

Shares in Perth-based Fleetwood Corporation fell nearly 20 per cent today after the RV and accommodation company flagged subdued market conditions for its caravan manufacturing business.

Bigger better no more

Opinion: The current banking royal commission and global shift to downsizing are raising questions as to whether any institution or business is too big to fail, or at least be broken up.

No hard cell for Phylogica

Phylogica has a new chief executive who is determined to bring the Perth biotech’s commercialisation strategy to fruition.

New builds spark inner city

Hibernian Place is the latest development in a series of initiatives aimed at reactivating Perth’s east end.

Kingman signs up for change

From small operator to market leader, local business Kingman Visual’s signage portfolio includes high-profile work at Perth Airport and Optus Stadium.

AMP directors resign after ASA pressure

Two of the three AMP directors standing for re-election at this week's annual general meeting have decided to resign, with the company's longest-serving director to follow.

Aust stocks open stronger on Wall St lead

The Australian share market has opened higher after Apple's sixth day of gains and a higher oil price helped lift Wall Street.

$A flat after a night of choppy trade

The Australian dollar is flat despite gains on Wall Street, trading in a tight range with the London Metals Exchange closed for a bank holiday.

Oil surges to new record on supply worries

Oil prices rose for the fourth straight day to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.

Morning Headlines

$4b tax cut

Gold prices slip as US dollar index climbs

Gold prices have slipped on Monday, snapping three days of gains as the US dollar index strengthened after last week's soft US jobs data did little to dampen optimism about the world's largest economy.

New Burrup projects aim to defy history

Two groups aspiring to build gas processing projects on the Burrup Peninsula are aiming to fare better than many others have in the environmentally sensitive area.

Aust shares end higher on oil, metals lift

The Australian share market has ended Monday higher, after a positive Wall Street lead and booming oil prices led to early gains, particularly among mining and energy stocks.

Former Horizon Power manager faces CCC misconduct allegations

A former Horizon Power IT manager and his business partner are being investigated by the Corruption and Crime Commission over allegations the pair billed the state-owned company more than $1 million for services provided by a firm they jointly owned.

WA car sales rise in April

Western Australia’s automotive industry has continued its good run with strong a sales result in April, which was boosted by a big increase in SUV sales for the month, according to the latest data from the Federal Chamber of Automotive Industries.

Beadell in $US23m raising

Gold miner Beadell Resources has raised $US23 million ($30 million) via a share placement and convertible debentures to fund an upgrade of its Tucano mine.

Innovating to meet the market

SPECIAL REPORTS: WA universities are introducing programs to strengthen students’ capabilities in growth areas such as big data and cyber security.

Unis up offering to lift numbers

SPECIAL REPORT: To keep pace with the competition nationwide, WA’s universities are finding ways to grow their market share in a challenging environment.

West African raises $35m

Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.

Choirs call for support

Two WA choirs that provide a break for people living with disadvantage are at risk of being wound-up if they don’t secure sponsorship.

Urbanism an element of new digs

Element’s fitout at Hawaiian’s Parmelia House seeks to reflect the urban planning firm’s new brand.

CEO interview with Nev Power

Former Fortescue Metals Group CEO Nev Power’s new career as a non-executive director has started with Perth Airport.

Westpac lifts H1 profit 5.8% to $4.25bn

Westpac has lifted first-half profit 5.8 per cent to $4.25 billion, helped by a mortgage book it says is fundamentally sound.