Retail sales in Western Australia are forecast to surge more than 4 per cent in fiscal 2012 after a slight contraction the year before as the economy feels the effects of higher unemployment as the current pipeline of projects dries up, new figures show.
Takeover target Hannans Reward says it will refocus its funds and efforts towards exploration after suitor Fox Resources decided to withdraw its offer.
Miner Kagara has finally lifted the veil on its capital raising plans, announcing it will raise up to $262 million with a Chinese company to subscribe for a 15 per cent stake.
Blue Energy has raised more than $22 million through a share purchase plan which, together with a proposed placement to a Korean company, will accelerate the explorer's proposed work program for the next two years.
Welshpool-based sustainable water and power company Solco expects to deliver a full-year net profit of up to $1.6 million, a dramatic lift from the previous year's $119,000.
Prospector Mark Creasy has cleared the way for Navigator Resources to acquire the Bronzewing gold operation after deciding not to exercise his pre-emptive rights.
Shares in gold miner Croesus Mining are in a trading halt as the company raises up to $7 million in equity funding, ahead of a company restructure following a deal with Apex Minerals.
A housing industry group is sticking to its forecasts for the state's property sector, tipping housing starts to decline 5 per cent next financial year and no shortage of residential building lots for the next two years.
The mining company at the heart of the Esperance lead contamination saga, Magellan Metals, has started awarding funds to the local community as part of its $1 million commitment to the town.
The Chamber of Minerals and Energy WA has backed the Barnett government's proposal to keep mining royalties under the control of the state and rejected plans for a federal resources tax.
Job advertisements in Western Australia have slumped more than 56 per cent over the past 12 months as the engineering sector takes the biggest hit, new figures show.
Increase GST, lift taxes on 4WDs, says Barnett; China fails in ore price deal; Bid to derail Rio-BHP exclusivity; OZ rejects $1.5bn, sticks with Minmetals; Sage poised to close deal on platinum play
Premier Colin Barnett is not convinced the merger between BHP Billiton and Rio Tinto's WA iron ore assets is in the best interests of the state, saying the miners could be seeking to avoid paying land taxes.
Fortescue Metals Group executive director Graeme Rowley has pocketed more than $2.3 million after selling a sizeable chunk of shares on the Australian market.
The state government's new exploration incentive scheme has attracted nearly 170 applications with the bulk looking for financial support in their exploration efforts for gold.
Miner Kagara and mining services company NRW Holdings have been removed from the S&P/ASX 200 index while two Western Australian companies with an African focus have been added.
London-listed miner and explorer Polo Resources has expanded its presence in the state after taking up shareholdings in junior explorers Impact Minerals and West Australian Metals.
Carbon Energy has completed a $32 million capital raising with funds to be applied to the development of the existing underground coal gasification project in Queensland.
Rio Tinto has confirmed today its deal with Chinalco has been "terminated" with the miner instead opting to raise $US15.2 billion ($A19 billion) through a rights issue that will reduce its net debt to $US23.2 billion ($A29 billion).
BHP Billiton and Rio Tinto will set up a production joint venture comprising all of their iron ore assets in Western Australia, in a move expected to save them billions of dollars.
Rio deal with Chinalco is dead; Troubled Mirvac launches $1.1bn capital raising; BHP tempts China with index-linked ore prices; Investors pull back as mining falls off; Brandrill warns of loss for second half
Three Western Australian junior explorers are the latest in a string of companies to head to market for fresh equity, today unveiling plans to raise a total of nearly $10 million.
Aquila Resources has had a win in the Queensland Supreme Court case relating to its dispute with its joint venture partner in the West Pilbara iron ore project.
Shares in office equipment financing company ThinkSmart have jumped after the execution of a new wholesale funding deal with Societe Generale (SG) in Spain.
A Chinese government agency is set to take a 13 per cent interest through a near $10 million placement in East Perth-based Bauxite Resources following Foreign Investment Review Board approval.
