A senior Reserve Bank official says while the economic recovery has exceeded all expectations, interest rates will have to remain low for some time.
Colin Brinsden, AAP Economics and Business Correspondent
Australia’s post-COVID economic recovery has exceeded the Reserve Bank’s most optimistic expectations, according to RBA deputy governor Guy Debelle.
Classic Minerals has bolstered its board with the appointment of non-executive director Ms Gillian King. Ms King is of Noongar and Gurindji heritage and adds human resource and indigenous affairs expertise to the company’s leadership team.
It sits like a beacon looking grandly over the Indian Ocean, and after 25 years this shining light of Perth property — owned by late billionaire Michael Wright — will now be a jewel for new owners.
Estrella Resources says it is sizing up Great Boulder Resources’ high-grade gold discovery along trend from and immediately to the south of its Carr Boyd nickel discovery north of Kalgoorlie.
Auroch Minerals is set to drill test a high priority nickel sulphide target which was recently identified through a moving loop electromagnetic survey at the Nepean project in the Goldfields. Drilling campaigns at the Leinster and Nepean projects continue to gather steam.
Sales of alcohol free beer, wine and spirits are surging as health conscious Australians turn away from the hard stuff.
The Juukan Gorge cave blast scandal continues to haunt mining giant Rio Tinto, which used its annual general meeting to again apologise profusely.
Rebecca Le May
PolarX has been quick to get more samples to the lab after previous samples from its Humboldt Range project in Nevada threw up some crazy grades including 3,384 g/t gold, 2,837 g/t silver.
Western Australia gold producer, Wiluna Mining Corporation continues to demonstrate powerful exploration upside at the historic Wiluna gold centre east of Leonora in WA. Results of a 2D seismic survey have highlighted large prospective structures outside the existing central 4.26-million-ounce resource envelope.
Santos is surging ahead with its Territory expansion plans, inking a Memorandum of Understanding (MOU) with the Italian multinational oil and gas company that supplies Darwin’s gas, ENI.
Rio Tinto's new CEO Jakob Stausholm has told Australian shareholders he wants the miner to show more consistent performance.
Territorians looking to explore Kakadu National Park this dry season can start preparing their trips after staff provided a run down of when different park sites are expected to open.
More shallow high-grade drill hits continue to highlight the resource extension potential at emerging WA gold developer Bardoc Gold’s 1.7-million-ounce Aphrodite gold deposit north of Kalgoorlie that cornerstones the 3.07m ounce Bardoc project the company is moving towards a 2022 production start.
The squeeze is set to tightest for sectors like construction, transport and agriculture that cannot compete with the rapidly rising salaries being offered by big miners.
Shares in a copper company have had a strong jump after good exploration results in the Adelaide Hills
Shares in online cosmetics retailer Adore Beauty have tanked more than 16 per cent, with investors unimpressed by the company’s latest trading update.
Danielle Le Messurier
A new inner city bar will open at the end of this month on the sites of the old Squires Tavern and adjoining Sinsations strip club, further expanding Darwin’s exploding laneways food and drink precinct
Pixie Curtis was an entrepreneur before she even started to walk — launching Pixie’s Bows. Now her doting mother has announced her new, unexpected business.
China has cut off one of the main economic channels with Australia in an escalation of tensions between the two nations.
GFG Alliance, which has just announced a refinancing deal for its Australian operations, will test the market for interest in its Cultana solar and Playford battery projects.
Global Lithium has enjoyed a strong debut on the ASX, listing at a 50 per cent premium to its issue price.
A research group has estimated the monthly cost of Australia’s closed international borders – and the bill is frightening.
Rio Tinto board member Megan Clark says the mining giant has introduced strict measures to ensure the events of Juukan Gorge can never happen again.
© West Australian Newspapers Limited 2020