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.
Directors of Polaris Metals have recommended its shareholders accept an off-market takeover bid worth up to $67 million from mining services outfit, Mineral Resources, subject to an independent expert assessment and in the absence of a superior offer.
Gold producer, Avoca Resources managed to raise its stake in takeover target Dioro Exploration to more than 44 per cent by the close of business yesterday, ending the four-month acquisition proposal.
Garrett last Gorgon bar; Qantas to jettison $1.5bn in costs; State tax in reform mix, says Henry; Write-downs cruel Iluka result as zircon sales fall; Major store deals 'real barrier to competition'
THE impact of the global financial crisis on the drilling industry was painted in stark relief this week in a flurry of news from key players in the sector.
THREE directors from global education services provider Navitas have pocketed a combined $18.6 million from the sale of more than 6 million shares following the release last week of another strong profit.
CURRENCY fluctuations during the past 13 months have made tough economic times a nd difficult trading conditions even more so, but experts suggest there are ways to combat the turbulence.
