Reserve Bank Governor Glenn Stevens has issued a veiled warning about the risks in the housing market – suggesting that if supply doesn’t rise to head off prices it could have disturbing results. This could be read as a subtle dig at the states.
Dioro Exploration's defence against Avoca Resources' hostile takeover bid has collapsed after its white knight, Northgate Minerals Corporation, terminated talks over the proposed acquisition of Dioro's stake in a key gold asset.
Navitas has posted it third consecutive year of more than 20 per cent growth in second semester student enrolments with the education services provider posting a lift of 2,733 to a reach a new record.
West Perth-based Alchemy Resources has entered an agreement with Barrick Gold over the potential processing of gold from its Hermes project at the latter's Western Australian facilities.
Fox Resources has paid $100,000 for the 2 per cent net smelter royalty that was payable to De Beers Australia Exploration on Pilbara tenements under the access agreement.
West Perth-based Red Sky Energy has agreed to acquire private company Cydonia Resources, which holds coal seam gas permits in Queensland's Surat Basin, and plans to raise $4 million through a share placement.
Shares in Mirabela Nickel have been placed in a trading halt as it undertakes another capital raising to help pay for cost overruns at its Santa Rita nickel project in Brazil.
Shares in Liberty Resources have soared as much as 56 per cent following a deal with Carbon Energy for the joint development of an underground coal gasification project in Queensland.
Belmont-based Independence Group and partner AngloGold Ashanti will proceed with a bankable feasibility study over the $710 million Tropicana gold project, which could be in production by early 2013.
Gindalbie Metals says its 50 per cent owned pellet plant in China will not be made redundant if its project partner, AnSteel, goes ahead with plans to build the state's first steel mill in Oakajee.
Shares in takeover target Dioro Exploration have been placed in a trading halt ahead of an announcement regarding a Canadian company's proposal to buy it's flagship asset while hostile suitor Avoca Resources extends its takeover offer again.
Shares in Perth-based Strike Resources have surged after it reached a settlement deal with its Peru partners, which wipes a $US24.25 million ($A29.5 million) liability from its balance sheet.
Construction and mining contractor Macmahon Holdings has secured an extension of its contract at BHP Billiton's Olympic Dam mine, valued at more than $110 million.
Nedlands-based Integra Mining says it has reduced the capital expenditure of its Randalls gold project near Kalgoorlie by 27 per cent after splitting the operation into two parts.
Golden West Resources plans to spin out its non-iron ore assets into a new company that will be listed on the local stock exchange as it requests its executive chairman, Con Markopoulos, to step down.
The environment minister has given the green light to Gindalbie Metals to mine a key iron ore deposit as part of its $1.8 billion Karara joint venture, in return for the relinquishment of certain tenements.
Newmont Mining Corporation has revised down its full-year gold sales forecast as the $US3 billion Boddington gold project started operations yesterday, slightly behind schedule.
Shares in Murchison Metals have surged as much as 24 per cent today after the miner clarified the extent of talks with China over the Oakajee port and rail project.
The federal and Western Australian governments have today announced a $135 million, four-year plan to help combat and prevent homelessness in the state.
Child Protection Minister Robyn McSweeney has defended the sale of surplus state-owned properties, saying it is part of a strategic decision to fund the expansion of residential care services and not an attempt to meet budget cuts.
The price war on airfares has helped Perth Airport experience the highest passenger growth numbers of any capital city in the country, with an increase of more than 6 per cent for the 2009 financial year.
Osborne Park-based Fairstar Resources has secured a $5 million funding facility from Melbourne-based Fortrend Securities, to be used for exploration and working capital.
Perth-based Amcom Telecommunications has upgraded its earnings forecast for the 2009 financial year following an increase in demand for its services in the second half.
WHILE rebranding can be difficult when the high costs and long hours associated with doing so are considered, the companies found on this year's list of 'WA's most underperforming brand' may want to examine their options in this regard.
THE Brand Agency has cemented itself among the state's leading creatives after two of its key clients filled first and second positions in the 'WA's best brand' category in this year's branding survey.
MINING identity Andrew Forrest has continued his philanthropic ways, donating his all-scrip director payment from Poseidon Nickel to his charity, The Australian Children's Trust.
A LONG-RUNNING pilot pay dispute at Perth-based Skywest Airlines threatens to escalate into industrial action, as strained negotiations continue this week.
THE Urban Development Institute of Australia hopes the state government's funding of a study of Carnaby's black cockatoos is the first step towards a more streamlined planning and approvals process.
