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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
SPECIAL REPORT: To keep pace with the competition nationwide, WA’s universities are finding ways to grow their market share in a challenging environment.
Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.
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