Shares in West Perth-based Metals Australia have plunged today after a Namibian court ruled two of the explorer's prospecting licences be turned over to their original owner.
Moly Mines has warned its future depends on the success of debt restructure talks with its lender as project acquisition plans are put on the backburner.
The state government has conditionally agreed to build part of a major power line in the Mid West after it omitted the upgrade in this year's budget due to a substantial cost blow-out.
The state's resource companies have led a strong rebound in the Deloitte WA Index in the second half of the 2009 financial year, with the market capitalisation of stocks jumping 30 per cent in the June quarter.
A group of Perth businessmen have won a three-year battle against Western Areas directors Terry Streeter and David Cooper, with the Supreme Court today awarding nearly $65 million to unrelated company Western Areas Exploration.
Western Australians are a negative lot compared to the rest of the nation with nearly half responding to a home finance survey believing their property values will decline in the next quarter.
Macmahon Holdings has been awarded a $60 million contract by the Ulan Line Alliance for rail construction work as part of plans for increased coal output in the Hunter Valley.
Shares in Dioro Exploration have surged as it urges shareholders take no action on Ramelius Resources' $92 million all-scrip takeover bid, a higher offer to Avoca Resources' recommended proposal.
Mining services company NRW Holdings, in joint venture with the Ngarluma Yindjibarndi Foundation, has been awarded a $15 million construction contract by Rio Tinto.
Avoca Resources' recommended takeover offer for Dioro Exploration has been trumped by Adelaide-based Ramelius Resources, which today launched a superior $92 million all-scrip offer for the gold miner.
Neptune Marine Services says it has ended negotiations over a US-based acquisition as it progresses its plans to acquire Singaporean company Core IRM for $11 million.
Perth-based Sino Gas & Energy plans to list on the local stock exchange in the coming months as it prepares to launch a $10.3 million rights issue and initial public offer.
The Australian Institute of Company Directors says existing insider trading laws and rules governing director share trading are adequate and do not need tightening as recommended by the federal government's market advisory committee.
Osborne Park-based A1 Minerals has received environmental and mining approvals for its Brightstar gold project, with production slated to start in the December quarter this year.
Treasurer Troy Buswell has flagged a possible overhaul of an act governing the public sector as the state government starts a reorganisation of its administration.
SINO Gas & Energy will be the latest Perth-based company to test investor appetite for initial public offerings as the number of companies with listing aspirations starts to increase.
PERTH-BASED property fund manager, Aspen Group, has extended its entitlement offer for its ailing property fund after failing to attract sufficient support from investors.
While the state’s budding uranium industry grabbed local headlines last week, two Perth companies quietly confirmed the potential of southern WA as a new source of transport fuels.
Perth-based mortgage provider Homeloans says it expects its 2009 financial year net profit to improve by 49 per cent on the previous corresponding period.
BHP Billiton has settled almost a quarter of its total iron ore volumes at the newly agreed benchmark prices while one-third will be sold at spot and index-based prices.
Mirabela Nickel plans to raise a further $16.5 million after securing agreements to raise more than $100 million to fund cost overruns at its Santa Rita nickel project in Brazil.
Dioro Exploration has capitulated to Avoca Resources' hostile $68 million takeover after the fellow gold miner increased its bid and a rival deal with a Canadian miner fell through.
