Business
Abalone Ranch Winding Down Amid Market Slump and Losses
A pioneering abalone ranch on Western Australia's southern coast is winding down due to a slump in the global abalone market and mounting losses. The business, which was once the biggest employer in Augusta, accumulated losses of more than $25 million as of June last year.
1 day ago
Business
Fortescue Launches Appeal Against $150m Native Title Payout
Fortescue, led by Andrew 'Twiggy' Forrest, has lodged an appeal against a landmark native title compensation ruling, seeking clarity on aspects of the judgement. The company was ordered to pay a record $150.3 million to traditional owners for building four iron-ore mines without their permission.
3 days ago
Business
Firmus Technologies Eyes Multi-Billion-Dollar IPO on Australian Securities Exchange
AI data centre developer Firmus Technologies is courting investors in Asia and Australia ahead of a widely expected multi-billion-dollar share market float. The company's aggressive expansion plans, including projects in Tasmania and partnerships with major players like OpenAI, are generating significant interest in its anticipated initial public offering.
3 days ago