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Hawkins slams migration policy

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The Edge Visionary Living boss says the nation’s migration settings have contributed to low housing supply.

At Close of Business podcast October 18 2024

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Jack McGinn and Sam Jones discuss how veterans support services are navigating a complex environment.

Wolfdene buys Wellard site

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Victorian property firm Wolfdene has expanded its Western Australian foothold after acquiring 146 lots in Wellard, earmarked for a project worth an estimated $45 million.

Equipment hire business in legal row

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The death of a partner in a mining equipment partnership has led to a legal dispute over a succession agreement that details the ownership of the $23 million business.

Aussie shares drop from peak but finish week higher

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The ASX200 has dropped 0.9 per cent, giving back most of the previous day's gains, but has finished the week 0.8 per cent higher.

Beach suspends chair search, locks in Stokes

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Beach Energy posted a 10 per cent lift in quarterly production, locked in Ryan Stokes as chairman and says first gas from Waitsia remains on track in its latest report.

Mark My Words October 18 2024

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Mark Beyer and Mark Pownall discuss the Henderson defence hub; Nigel Satterley; Andrew and Nicola Forrest; labour force data; and state government changes.

Taking modern-day grand tours

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OPINION: Today’s passage could be hybrid – both in the physical and virtual worlds.

Pilbara green energy hub delayed

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BP has released new details and pushed back the start date on its proposed $55 billion Pilbara renewable energy project to the end of the decade.

Beyond Bank targeted in cyber incident

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One of Australia’s largest customer-owned banks, Beyond Bank, is suspected to have been targeting in a distributed denial of service (DDoS) attack by notorious cyber criminals RipperSec. A statement on Beyond Bank’s website this morning said there had been an “unplanned outage” of some services.

Badge wins $19m school contract

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The state government has awarded a $19.8 million contract to Osborne Park-based BADGE Constructions, for a high school project.

Turaco taps investors for $35m

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Turaco Gold has announced its second major capital raise in the space of five months, as it aims to accelerate resource growth at its Afema gold project.

Swoop, Maxo in Vonex takeover battle

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Andrew Forrest-backed telco Swoop has made an off market takeover bid for competitor Vonex, signalling a bidding war with Perth-based Maxo Telecommunications.

Hutchinson launches new venture

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The former Colliers agent has started a national real estate business with the backing of Primewest founders John Bond, David Schwartz and Jim Litis.

Environmental approvals reforms pass parliament

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Environmental reforms designed to slash green tape have passed parliament, in a bid to avoid duplication and aid the approval of major renewable energy projects.

Future veterans a mystery cohort

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ANALYSIS: The evolving nature of global conflict has kept veterans support service providers on their toes, as they adapt to meet needs in a rapidly shifting world.

Pacific in Gold Fields solar win

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Kewdale-based Pacific Energy has struck a deal to build its biggest solar farm, a 35-megawatt facility to be part of the $296 million renewables hub at Gold Fields’ St Ives goldmine.

Collie steel mill gains state favour

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A $400 million proposed green steel mill in Collie has been granted strategic project status by the state government, paving the way for more efficient project facilitation.

Fortescue office move in progress

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The company expects to be in its new Perth headquarters by the end of the year.

Another record high for Dow

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The Dow Jones Industrial Average ended higher on Thursday (Friday morning WST) – its fourth record close in the last five sessions.

Town bids to reject Claremont project

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The Town of Claremont has failed to persuade the state’s peak planning body to refuse a $109 million apartment project on Quentin Avenue.

Uranium stocks up following Amazon news

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WA-based uranium companies enjoyed solid gains on Thursday, following overnight news in the US that Amazon plans to invest more than $US500 million in nuclear power.

At Close of Business podcast October 17 2024

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Mark Beyer and Isabel Vieira discuss how just one major resources project has been sanctioned in WA this year.

Aussie shares rally to second all-time high of the week

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The ASX200 has broken its previous record high set on Tuesday as a strong jobs report casts doubt on the odds of an interest rate cut.

Wind training centre slated for Rockingham

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Wind farm developer Wind With Purpose plans to build a multi-million-dollar wind innovation and skills park on a Coogee site in Rockingham as it seeks to scale up the sector’s WA growth.

Tyler appointed CEO at Adriatic Metals

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Adriatic Metals has appointed Laura Tyler as its full-time managing director and chief executive officer, following a brief interim stint.

Global divests Enmore gold project

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Shares in Perth-based junior Global Uranium and Enrichment rose by 15 per cent on Wednesday morning to 9.2 cents, following news it had filed documents to divest its Enmore gold project.

Aboriginal community buys farm

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Gawley Horticultural sold the 301-hectare Broome property to Bidyadanga Aboriginal Community for $6.5 million.

Duratec encouraged by Aukus ramp up

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A joint venture between Duratec and Ertech will carry out $10 million worth of infrastructure planning work for the Department of Defence at HMAS Stirling on Garden Island.

Jobs figures temper rate cut chances

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Australia’s unemployment rate has remained steady at 4.1 per cent for September, strengthening expectations the RBA will leave the cash rate unchanged this year.

WA’s difference will restart GST debate

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OPINION: The state’s strong economic performance puts it in the crosshairs of the other states chasing more of the tax pie.

St John WA to build $7m car park

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St John WA will build a three-storey car park at its office site on Great Eastern Highway, with the project estimated to cost $7 million.

Forrests step down as Minderoo co-chairs

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Billionaires Andrew and Nicola Forrest will step down as Minderoo Foundation co-chairs to pass the baton to former Melbourne University chancellor Allan Myers.

Holsgrove new Tourism Council WA chair

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Perth Airport chief commercial and aviation officer Kate Holsgrove has been selected to chair Tourism Council WA following the resignation of long-serving Andrew Hill.

DUG taps investors for $35m

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DUG Technology has announced it will raise $35.2 million, as the company aims to further accelerate its growth trajectory.

Gold price strength doubles Hemi NPV

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GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.

ASIC unveils executive appointments

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The Australian Securities and Investments Commission has revealed two new additions to its executive team, including former Perth-based lawyer Chris Savundra.

BHP ore exports up as China splashes cash

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BHP is anticipating more stimulus from China’s government to prop up that nation’s ailing property market as the miner increases iron ore supply.

Paucity of new resources projects

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Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.

Wall Street closes higher following bank success

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The Dow Jones Industrial Average rose on Wednesday (Thursday morning WST) as Wall Street's three benchmark indexes ended higher, weathering declines in mega-cap tech shares.

PVW finalises Brazilian acquisition

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PVW Resources shares closed trade on Wednesday up 15 per cent to 2.3 cents, following news the junior had completed the acquisition of Brazil-based company Scanty Mineracao.

At Close of Business podcast October 16 2024

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Sam Jones and Mark Pownall discuss the state of WA's fund management sector. Plus all the latest on the $127 million Henderson investment; Michelle Roberts steps down after 30 years; and CoreLogic data casts doubt on Federal building target.

FTD’s Hirsch, lender in court

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A creditor has taken possession of one of FTD founder Ricky Hirsch’s properties in Marmion amid an ongoing dispute over an alleged multi-million-dollar debt, a WA court was told.

Australian shares march back from all-time high

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The ASX200 has dropped 0.4 per cent, with every sector except financials losing ground.

Long-serving Roberts stands down

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Michelle Roberts has become the latest Labor parliamentarian to call time ahead of the 2025 state election, relinquishing her preselection in an announcement to Parliament today.

Dates for Ashes Test set

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Traditional cricket rivals Australia and England will open the 2025-26 Ashes Test series at Optus Stadium between Friday, November 21 and Tuesday, November 25 next year.

Robots will keep it in mind’s eye

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OPINION: In the future, robots won’t need to be trained, they will just imagine how people do things.

Let a digital twin make your points

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OPINION: Digital evangelists are predicting a less physical future thanks to holograms and digital twins.

Billions ahead for Henderson defence hub

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An agreement between the state and federal governments will pave the path to a consolidated defence precinct at Henderson, with millions committed and billions of investment forecast.

Henderson to become defence hub

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A long-awaited agreement between the state and federal government will pave the path to a consolidated defence precinct at Henderson, but the full scale of investment remains unclear.