Drilling services company Imdex has posted significant profit fall for the year ending June 30, which the company attributed to the impact of the global financial crisis and the downturn in mineral exploration.
Perth-based property fund manager Aspen Group has raised $10 million from investors in its embattled Diversified Property Fund, leaving the company to raise a further $5 million to meet its minimum loan obligations.
Fortescue Metals Group says a proposed $US6 billion funding agreement with Chinese banks will give it optimum flexibility to expand its Pilbara iron ore operations to meet demand from Chinese customers.
Southern Cross Electrical Engineering have posted a record net profit after tax of $15.5 million, an increase of more than 36 per cent, thanks to record revenues of more than $100 million, up by more than 19 per cent on the previous year.
Mining services companies Brandrill and Ausdrill have proposed a friendly scrip merger to create whay they say will be a larger, more diverse company able to better serve existing clients and with greater financial capacity to fund future growth.
Japan, the world's second largest economy and WA's second largest trading partner has joined Europe's two biggest economies, Germany and France in recording positive economic growth in the June quarter.
Perth-based engineering and construction company Clough has acquired Houston-based subsea engineering firm Ocean Flow International LLC, giving Clough a foothold in the oil and gas capital of the world.
Australia's third largest internet service provider, iiNet, has posted a 28.8 per cent jump in full year profit after lifting subscriber numbers and says it is well placed for the current financial year.
Positioning for long-term control of the Farooq Khan-chaired investment company Bentley Capital is under way, with shareholders notified today the board would seek a limited share buy-back.
Leighton Holdings has demanded that a standstill agreement regarding its shareholding in Macmahon Holdings be scrapped should a partnerhship arrangement continue beyond this year's deadline.
Integra Mining has selected GR Engineering Services as its preferred contractor for the refurbishment and commissioning of a processing plant for the $64 million Randalls gold project.
Coogee Chemicals chairman Gordon Martin has challenged receivers of Great Southern by devising a plan to personally contribute the vast bulk of working capital, of up to $20 million, needed to enable six collapsed timber schemes to be brought to harvest.
Doctors warn if more cuts to health services; Labor tips WA deficit blow-out; Telstra's rookie delivers on old script; China is still BHP's best customer; Shell chief breezes in to talk assets
An increase in rental income and new acquisitions have boosted the full-year net profit of Bunnings Warehouse Property Trust by 11 per cent to $73.2 million.
Mount Gibson Iron has recorded a 62 per cent slump in full-year net profit after tax as it continues arbitration proceedings with former customers over termination of offtake deals.
BHP Billiton, Chevron, Rio Tinto, Woodside Petroleum and the North West Shelf Venture will collectively provide more than $5 million towards the Pilbara's health services as part of a partnership with the government.
The WA opposition has continued its campaign to target the economic credentials of Premier Colin Barnett's government and his Treasurer Troy Buswell by releasing a gloomy review of the state's financial future.
BHP warns idle capacity threatens price recovery; Rhodes, Cole names in Great Southern cattle writ; CBA chief warns of a further downturn, despite $4.7bn profit; Confidence hits two-year peak; China softens charges against Hu
MINERS expect little benefit from the federal government's easing of foreign investment review regulations, which is aimed at speeding the flow of foreign capital into the junior end of the sector.
THE state's biggest industry superannuation fund, Westscheme, has shed its impressive gains generated in the years leading up to the financial crisis after its large portfolio of unlisted assets was savaged by the downturn.
The financial planning industry is facing a structural overhaul as parliamentary committees, industry groups and the public debate proposed reforms. Jonathan Barrett asked three Perth financial planners for their opinion on how to improve the industry.
A NEW national research centre that includes Curtin University and the University of Western Australia is aiming to achieve a change in the development of mineral exploration technologies.
