Fortescue Metals Group has settled its third shipping dispute, today agreeing to pay an upfront $6.1 million to a Greek shipping company which had launched a $US130 million lawsuit against the iron ore miner last year.
West Perth-based Red Sky Energy says it will proceed with the acquisition of private company Cydonia Resources after its $4 million share placement closed oversubscribed.
Chevron has secured three new offtake deals for its Gorgon gas project with Japanese and South Korean companies, which Prime Minister Kevin Rudd claims are valued at more than $70 billion.
A lift in business confidence has driven expectations that Western Australia's economy will strengthen early next year, an inaugural index by the Chamber of Commerce and Industry shows.
Western Australia's unemployment rate has recorded the largest drop in August compared to other states while the nation's jobless rate remains steady at a seasonally adjusted 5.8 per cent, new figures show.
Paladin Energy says it has received strong institutional support for its $419 million share placement, which will be used to fund acquisitions and expand its Langer Heinrich uranium mine in Namibia.
Electricity sector expert Peter Oates has recommended a string of changes to electricity market rules and the contracts between generator Verve Energy and retailer Synergy to stem Verve's ongoing financial weakness and encourage investment in the sector.
After a rollercoaster 12 months, the iron ore industry is again showing signs of the rapid growth that made it the powerhouse of the state’s economy before the global financial meltdown.
WHEN the powers that be at Wesfarmers were mulling over the CV of Diane Smith-Gander before appointing her to their board, they must have thought how opportune it would have been to have her as a director two years earlier.
IT will have been a busy week at the headquarters of LandCorp with the state's development agency playing host to pitches from the short-listed developers for the Alkimos project 50 kilometres north of Perth.
A STOCK exchange listing is off the agenda, but Perth property developer Nigel Satterley is creating a corporate structure that will ensure his Satterley Group stays in business long after he is gone.
THE state government needs to increase the number of partnerships with the not-for-profit sector with an emphasis on improving access to funding, according to EON Foundation chair Caroline de Mori.
THE sister of Perth investor Farooq Khan has emerged as a substantial shareholder in investment firm Bentley Capital, as agitators that sought his removal from the board disperse.
THE local office at newly formed Morgan Stanley Smith Barney has been given a mandate to ramp-up its private client adviser numbers, as Perth's broking sector settles into its new look.
Perth businessman Gordon Martin's bid to bankroll a rescue package for Great Southern's timber plantations has gained traction amongst growers while a US investment fund has given its financial support for the move.
The total number of owner occupier loans in Western Australia dropped 3.3 per cent during July, the first fall in nine months, and economists forecast the downward trend to continue over the next few months.
Retailers can expect a tough 18 months ahead as the federal government's policy stimulus fades and growth in household income weakens, a leading forecaster says.
Stockbroking firm, Patersons Securities has launched a new specialist fixed income and hybrid securities joint venture based in Sydney called Davies & Partners.
Shares in gold explorer Carrick Gold closed almost 12 per cent higher today after the company announced the start of pre-feasability studies at it's three open-pit mines north east of Kalgoorlie.
Avoca Resources has appointed three of its board members, including managing director Rohan Williams, to the board of 44.85 per cent owned company, Dioro Exploration.
Two new directors have been appointed to Compass Hotel Group, allowing the company to pick up the pieces nearly two months after three-quarters of the board walked out.
China has today expanded its presence in the state's junior iron ore sector, striking placement deals valued at nearly $40 million with two explorers that hold projects in Western Australia.
West Perth-based uranium explorer Energy Metals has recommended a proportional takeover bid by a Chinese firm, which will underwrite an $11.7 million rights issue.
Perth-based Web Ace faces a $1 million fine after the communications regulatory body found the internet service provider had deducted money from customers' credit card accounts without permission.
Perth-based oil and gas company Amadeus Energy has bowed to disgruntled shareholder CVC's demands, announcing today that managing director Geoffrey Towner will step down and two other directors will resign.
Aurox Resources says it has secured a $10 million equity placement facility with US-based investment fund YA Global Master SPV, which will reduce the Subiaco-based company's medium-term funding risk.
