Uranium exploration company, Extract Resources has launched a $91 million capital raising via a non-renounceable rights issue and private placement to institutional investors to accelerate exploration activities at its Rossing South project in Namibia.
The state government has announced that publicly-owned generator Verve Energy and electricity retailer Synergy would not be re-amalgamated, as part of a strategy to secure Western Australia's future energy needs.
Automobile components and building materials manufacturer, Schaffer Corporation has posted a profit of $10.5 million for the year to June 30, down 4 per cent on last year's results against a 13 per cent fall in group revenue.
The peak body for the nation's construction industry believes a dip in constrution work in the June quarter is only the tip of the iceberg, predicting a sharp decline to unfold as the effects of credit crunch and economic downturn begin to show through.
Dramatic drops in key commodity prices, and the effect of the economic downturn, have impacted heavily upon the bottom line of exploration and mining outift, Kagara.
Small business hit as states ignore federal pay freeze; 'Budget curb' on crisis chopper; Labor rebuffs business over tougher consumer laws; Location, location, location, is Woolies' hardware quest; Suncorp freezes senior salaries, cuts bonus pool
Reed Resources has raised $6.4 million and will raise a further $4.5 million in a share purchase plan to step up exploration and development activities on three separate projects.
Perth-based property fund manager Aspen Group has secured an investor to underwrite at least $5 million needed to meet loan requirements for its troubled Diversified Property Fund.
The West Australian Meat Marketing Cooperative's (WAMMCO) profits fell dramatically to $1.3 million for the year to June 30 depsite a record turnover, eclipsing the $100 million mark for the first time.
Lithium producer Galaxy Resources has secured a financing agreement with a Chinese private investment company worth up to $156 million enabling the development of two key projects.
Shares in Wesfarmers fell 6 per cent today after Woolworths announced plans to take on the Bunnings business through the takeover of hardware group Danks Holdings.
Resources tax plan row flares; IR culture holding back productivity - Gillard; Conflict resolved - ASX powers shifted to ASIC; Wiluna mine production woes put more pressure on Apex; Galaxy tees up Great to bankroll lithium project
Australia's largest gold producer, Newcrest Mining has awarded Nedlands-based mining software provider, ISS Group a $4 million contract for its Mining Intelligence Layer project, utilising ISS's BabelFish product.
Mining, sampling and laboratory equipment producer, Essa is making further improvements in efficiency and implementing cost reductions in response to posting a net loss of $800,000.
Cazaly Resources has secured engineering firm, Lycopodium to complete the pre-feasability study at the Parker Range Iron Ore Project, located in the Yilgarn district of Western Australia.
For companies operating in the mining and metals sector, costs, consolidation and capital have been identified as the greatest risks, an annual report has found.
Manganese and iron ore miner, OM Holdings' operating profit after tax for the half year ending June 30 has plunged to $10.8 million, down from $96.9 million the previous corresponding period, impacted by sharp falls in global commodity prices.
Newspaper publisher and radio station owner, Fairfax Media and the country's largest radio network, Austereo Group posted big losses FY2009 and both organisation's agree the difficult market conditions are set to continue in the short term.
Skills shortage 'to get worse'; Investors upbeat on Coles, but eye detail; Merger to fast-track mine; ASIC raises alarm over new CFD trade risks; Bad blood to hurt tourism
Perth property developer Cedar Woods has posted a $9.3 million profit, down 55 per cent from last year's $20.6 million, as a result of reduced sales of premium product, the impact of option expiries and impairment adjustments.
Financial services research firm, Canstar Cannex has awarded Westpac its second annual Best Value National award for Small Business Banking for demonstrating a commitment to backing business in a particularly challenging year.
Following analysis of the state government's financial strategy, international ratings agency Moody's has confirmed Western Australia's Triple-A credit rating, ranking the state at the lowest possible level of risk.
Construction services outfit Global Construction Services has increased profits by more than 10 per cent for the year to June 30, climbing above $10 million despite a softening construction market especially in the residential segment.
Australia and New Zealand have joined forces in bidding for the $2.5 billion Square Kilometre Array (SKA) project for the state's Mid-West following discussions yesterday about rekindling the ANZAC spirit in terms of military alignment.
Australia's largest independently-owned mortgage broker, Mortgage Choice has been squeezed by the volatile housing finance market to post a net profit after tax on a cash basis of $13 million, a 23.9 per cent decrease on the FY08.
Wesfarmers flayed despite big profit; Rio resists playing the Hu card; Future Fund stake in Telstra on the block; Union at war over penalties; Super funds face $2bn cut in fees
The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.
Straits Resources is poised to sell two of its Pilbara base metal projects to West Leederville-based mineral exploration company, Venturex Resources in return for a substantial shareholding as part of a deal worth up to $11 million.
National property developer Peet has announced strong results in its year end profit statement, with an operating profit after tax of $31.2 million, excluding revaluation of assets.
The state's only listed financial planning firm, Plan B Group Holdings, suffered a tough year as falling equity markets eroded profits right across the financial services sector.
Nickel miner Mincor Resources has recovered from a big first-half loss to post a modest profit in the second half of the finacial year but it was not enough to save the group from an annual loss of $16 million.
