Staff Reporters

General manager of Group Training South West Inc Stan Liaros (pictured) has been reappointed as chairman of the South West Development Commission, after resigning in early 2006 for health reasons.

Jindalee Resources Ltd became a substantial shareholder with a relevant interest of 2,704,000 ordinary shares (7.31%).

Announce that it has received firm commitments for the placement of 120,000,000 shares at 1.9 cents per share to sophisticated investors in Australia and Singapore.

Advise that the Federal Court has this morning determined that both the Mount Newman Railway and the Goldsworthy Railway are not part of BHP Billiton's “Production Process”.

Has completed a placement to investors by the issue of 47,222,223 shares at 1.8 cents per share, raising a total of $850,000

General Meeting will be held at 25 Charles Street, South Perth, commencing at 11.00am on Wednesday 31 January 2007

SUZANNE Ardagh has been appointed to the position of manager at the University of Notre Dame international relations office at the Fremantle campus.

Price: $500,000 Providing security and logistic support to the booming north-west/Burrup Peninsula region. Long-established contracts in place. Run from Perth with a full management team in place.

ASX code: TRH, Issue price: $0.20, First days close: $0.27, Principal activities: gold and iron ore exploration, Corporate: Ananda Kathiravelu (chairman), John Ceccon (director), Andrew Parker (direct

Ph: (08) 9260 8800, Fax: (08) 9225 6091

Southpoint Master Fund LP ceased to be a substantial shareholder.

Ingot Entities decreased its relevant interest from 297,298,635 ordinary shares (34.78%) to 257,056,459 ordinary shares (30.04%).

Advises that on 5 January 2006, 3,100,000 ordinary fully paid shares will be released from escrow.

Have placed, a total of 81,893,238 fully paid ordinary shares at an issue price of A$0.29 per share to clients of Seymour Pierce, Westwind Partners Inc, Paradigm Capital Pty Ltd and Cartesian Capital

General Meeting will be held at Best Western Emerald Hotel, 24 Mount treet, Perth, 18 January 2007 at 9.00am.

General Meeting will be held at Level 3, 95 Coventry Street, South Melbourne, Victoria, 3205 on 9 February 2007 at 4 pm (Melbourne time).

BUSINESS think-tank, Committee for Perth, has appointed former Urban Development Institute of Australia WA executive director Marion Fulker as its chief executive.

ASX code: PIM, Issue price: $0.20, First days close: $0.58, Principal activities: December 27 - Oz Brewing Ltdmineral exploration, Corporate: Bruce Richard Hawley (chairman), Emilio Pietro Del Fante

Geoff Simpson has recently joined Change Corporation as senior consulting manager.

The Property Council is holding a market outlook luncheon to discuss the continuation of the boom of 2006 into 2007, February 16 at the Hyatt Regency.

Cheng Heng Jem became a substantial shareholder with a relevant interest of 9,672,456 ordinary shares (8.7%).

Announced that it has signed a letter of intent to acquire Subsea Developments Australia.

The change of name of Bluestone Tin Limited (“BTX”) to Metals X Limited (“MLX”) was registered at ASIC on 2 January 2007 and is now effective as the new name of the merged company.

11,000,000 share placement has closed oversubscribed

Annual General Meeting will be held at Boardroom, Level 3, 46 Ord Street, West Perth, 14 February 2006 at 10.00am.

AIM-LISTED Davos Resources Plc last week agreed to pay more than $71 million for the key assets of failed group Croesus Mining NL, whose remnants are also subject to a recapitalisation offer from comp

Prime site and long established history of success. Staff managed and still growing 33 per cent a year. Turnover in excess of $2 million.

ASX code: SHE, Issue price: $0.20, First days close: $0.25, Principal activities: tin nickel and base metals exploration, Corporate: Tony Rengel (non-executive chairman), Todd Hibberd (managing direc

Level 1, 65 Hay Street, WEST PERTH, WA 6005; PO Box 718, WEST PERTH, WA 6872; Ph: (08) 9489 7086, Fax: (08) 9489 7080

Shares in engineering and investments group GRD Ltd jumped almost 8 per cent today, up 16 cents to $2.20 each, after newspaper reports revealed it had been the latest subject of interest from investment bank Macquarie Bank.

Perth's median house price has risen to $460,000 in the last three months of 2006, up 4.5 per cent, representing a dramatic slow down compared to the rest of the year.

Management buy out target Alinta Ltd has moved to quell market concerns about former CEO Bob Browning's knowledge of other offers for the company, stating that he has been excluded from the process to manage other expressions in interest.