Latest Headlines

Embattled Quintis facing $37m payment

Quintis faces more financial pressure after an investor exercised a put option to sell $37 million of plantations to the troubled sandalwood producer.

BGC Residential signs Marketforce

The state’s largest residential builder has enlisted local advertising agency Marketforce to deliver the marketing and strategic requirements across its six divisions for 2018.

Aust shares fall on US govt shutdown fears

The Australian share market has closed lower on concerns around a possible US government shutdown, while the Aussie dollar is trading at a four-month high.

Cape in Bald Hill lithium win

CFC Group subsidiary Cape has become the latest business to win work from the the state’s growing lithium sector, sealing a four-year contract for crushing services at Bald Hill.

Mining sector turnaround

A 40 per cent rise in project applications with the Department of Mines, Industry Regulation and Safety last year has provided another signal of a turnaround in the mining sector.

Mercantile increases Bauxite bid

Sir Ron Brierley-chaired Mercantile Investment Company has increased its bid for Perth-based Bauxite Resources to 11 cents, putting it within the price range set out in the independent expert’s report.

WA tech attracts $109m

Western Australian startups and young technology companies attracted about $109 million in funding in the December quarter, according to the latest report from tech sector analysts Techboard.

Flux expands, innovates

The finishing touches are under way at the fitout for Flux’s two new floors at Parmelia House, which feature a shift away from full open plan.

Forrest gains $249m

Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors’ shareholdings tracked by Business News.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the Australian dollar and commodities, blockchain technology, contract wins and deals, Imdex's expansion, and franchising.

Battery secures 60% offtakes

Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply deal with a Chinese company today.

Po Valley soars on gas discovery

Shares in Perth-based oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Morning Headlines

Woodside revs up China gas push

Higher $A knocking on door of US80 cents

The Australian dollar is fractionally shy of 80 US cents, with the US dollar weakening ovenight amid fears of a possible federal government shutdown.

Aust shares shrug off Wall St, to open up

The Australian share market looks set to open higher despite an uninspiring Wall Street session.

Oil little changed after record crude draw

Oil is little changed, after prices ease early in the session, but are supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub.

Gold under pressure as Bond yields rise

Gold is flat, trading in a narrow range, first dipping as the US dollar rose and then rising as the US dollar moved lower, but bullion's gains were limited by higher US Treasury yields.

Dolphins dive for mental health

Backed by South32 and Deloitte, brightly coloured sculptures of dolphins have begun cropping up across the streets of Perth as part of a public art exhibition for mental health.

Stockland gets green light for new shopping centre

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

Imdex plans $NZ40m acquisition

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Strong jobs growth continues

Western Australia's unemployment rate has fallen by a surprising 0.9 per cent in the month of December, while job numbers were up for a record-equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.

Battery signs offtake deal

Perth-based Battery Minerals has signed an offtake deal for the supply of graphite concentrate at its Montepuez project in Mozambique to a private Chinese company.

Aust shares edge lower on energy weakness

Australian shares have closed barely lower, with banks and consumer stocks among the few sectors to record gains as energy and mining stock weakness weighed on the market.

Nacap wins WA pipeline contract

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Car warranty company to refund $5m

A company selling car repair warranties will refund $4.9 million to thousands of customers who were sold high-priced cover by sales staff chasing bigger commissions.

Tietto, BlackEarth raise $11m in IPOs

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

Pluto domgas timeline confirmed

The state's domestic gas market will soon receive a small supply boost, with Woodside Petroleum's Pluto project expected to begin pumping up to 25 terajoules a day into the network from the second half of this year.

Spitfire in $5m raising

Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.

BHP maintains iron ore volumes

BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.