Staff Reporters

THE Australian Securities and Investments Commission made an application to file a new statement of claim against Fortescue Metals Group Ltd and its chief executive, Andrew Forrest, in the Federal Cou

Falak Holdings LLC became a substantial shareholder with a relevant interest of 7,000,000 ordinary shares (13.32%)

Sun Hung Kai Investment Service Ltd increased its relevant interest from 38,148,700 ordinary shares (9.5481%) to 42,573,877 ordinary shares (10.5933%)

Frank Carr changed its relevant interest from 36,000,000 ordinary shares (60.00%) to 36,110,000 ordinary shares (55.00%)

Intends to submit an application for judicial review of the decision made by John Bowler, Minister for Resources and Assisting the Minister for State Development, to terminate application E46/678 in t

Announce that it has undertaken a share placement to institutional and professional investors.

Perfectly located well established bicycle shop with excellent range of bicycles and accessories. Strong history of performance. Opportunity for profit growth. Owner selling due to illness.

Proposed code: EAR, Issue price: $0.25, Principal activities: gold, nickel and copper exploration, Corporate: Peter Andrews (executive chairman), Ernst Kohler (managing director), Peter Stedwell (non-

Engineering consultancy firm PCT Engineers has appointed Mark Griffiths as national business acquisition manager, based in Perth.

A new provision has recently been enacted to give a specific deduction for transport expenses incurred by an individual taxpayer in traveling between workplaces.

Kingsgate Consolidated Ltd & Kingsgate South America Pty Ltd increased its relevant interest from 23,289,463 ordinary shares (8.62%) to 27,910,400 ordinary shares (10.33%)

Atacama Copper Pty Ltd increased its relevant interest from 70,798,167 ordinary shares (51.77%) to 76,563,854 ordinary shares (55.99%)

Rundle Capital Partners Ltd decreased its relevant interest from 5,300,000 ordinary shares (11.7%) to 5,000,000 ordinary shares (11.1%)

A General Meeting will be held at Level 2, 8 Parliament Place, West Perth, on Monday 22 May 2006 at 4.00 pm

ANTARES Energy Ltd non-executive chairman Richard Elliot has increased his direct and indirect interest in the company by 370,000 shares for a consideration of $180,560.

ASX code: ENB, Issue price: NA, First days close: NA, Principal activities: energy development, Corporate: Reginald Gillard (chairman), Mark Babidge (managing director), Thomas Goh (director), Peter W

Proposed code: GLA, Issue price: $0.20, Principal activities: nickel, gold and uranium explorer, Corporate: John Palermo (director), Mark O’ Malley (director), John Hills (director), Douglas Cunningha

THE Federal Court has given approval to The Broken Hill Pty Co Ltd and RTZ-CRA Ltd to explore in the east Kimberley and Meekatharra regions of Western Australia.

The board of Axiom Properties Ltd today announced that it had terminated the services of its managing director Peter Meagher, with immediate effect.

Western Australian owned and operated Aroma Café will mark its tenth year of operation by opening its 30th store this month.

Iluka Resources Ltd's, wholly owned subsidiary Iluka (Eucla Basin) Pty Ltd and Mithril Resources have formed a joint venture to explore heavy mineral sands at Mithril's exploration license in the Eucla Basin, South Australia.

Perth-based telco CommodiTel Ltd reported its breakthrough maiden profit in what was a positive March quarter for the mobile telecommunications-focused group.

Australian Competition and Consumer Commission has launched a guide for the small business sector to assist it to understand the essential elements of trade practices law compliance.

Consolidated Minerals subsidiary Consolidated Nickel has launched a takeover bid for resources explorer Titan Resources Limited.

Clough Ltd has announced the appointment of Richard Harding as a non-executive director, effective from May 30.

Western Australian-based gold company Focus Minerals Ltd and its joint venture partner, Canada's Committee Bay Resources Ltd, today announced the commencement of resource estimation work at the Tindals mining centre, at the Coolgardie Gold project in WA.

The Housing Industry of Australia's Western Australian division believes that despite inflation being higher in the March quarter interest rates should not rise.

THE WEST AUSTRALIAN (BUSINESS NEWS SECTION):

Commonwealth Bank of Australia ceased to be a substantial shareholder

UBS Nominees Pty Ltd increased its relevant interest from 11,498,151 ordinary shares (10.26%) to 13,240,910 ordinary shares (11.81%)

MIR Investment Management Ltd decreased its relevant interest from 9,668,090 ordinary shares (8.73%) to 8,338,059 ordinary shares (7.51%)

Has reached agreement with Monarch Resources Limited to sell its Minjar gold and base metal assets in Western Australia’s Mid West region for a total consideration of $10 million