Financial Services

Executive remuneration is slipping beyond the control of boards and even shareholders as new regulatory models emerge.

Barnett backs 9pm retail trading

THE bidding started at $17 million at 2pm on Tuesday in Darwin, with three interested parties.

There are plenty of opportuities for companies with a good story to sell.

THE proposed Western Australian iron ore joint venture between BHP Billiton and Rio Tinto has reignited passions around a long-running issue between the state government and miners - land-rich tax provisions.

EVER since Rio Tinto and BHP Billiton announced plans to merge their Western Australian iron ore mining operations, Premier Colin Barnett has been issuing statements which make him sound more like Hugo Chavez, the radical socialist president of Venezuela

ON October 16 1997, the selling techniques of the fitness industry received unprecedented attention.

THE Perth-based chairman and managing director of UK-listed CustomVis plc have been challenged by a group of shareholders who want to gain control of the technology company.

Politicians should look a bit closer to home when apportioning blame for the GFC.

CONTRACT miner Byrnecut Group has joined a host of industry and finance groups calling for the federal government to rethink budget reforms that will increase tax paid by Australians working overseas.

SUPPORTING Western Australia's arts sector is part and parcel of being a resources company, according to Oakajee Port and Rail (OPR) chief executive Christopher Eves.

Southern Cross Electrical Engineering will pay up to $5.1 million to acquire FMC Corpration, which operates Hindle Offshore Services and Hindle Electrics, as part of its strategy to re-enter the oil and gas sector.

The Karl Simich-chaired investment company GoldLink IncomePlus has proposed to buy 10 per cent of shares in Subiaco-based Indago Resources as part of a bid to replace the board with its own nominees.

Administrators of CopperCo say shareholders are not likely to receive any return in respect of their holdings in the collapsed mining company.

Territory Resources' shares have been placed in a trading halt as the struggling miner finalises its debt restructuring and capital raising plans.

An estimated $800 million will be needed to eliminate overdue maintenance on the state's deteriorating road network, according to an auditor general's report tabled in parliament today.

Two more ex-Jubilee Mines executives have joined Nedlands-based Talisman Mining with Peter Langworthy and Brian Dawes today appointed executive directors.

Two of the nation's leading housing associations along with 30 suppliers and builders have today launched a campaign in Western Australia, encouraging potential home buyers to build.

Buru Energy has confirmed a takeover proposal by chairman Eric Streitberg, through private vehicle Arenite, has been terminated due to third parties withholding approval.

Fortescue Metals Group chief executive Andrew Forrest has gifted nearly $10 million worth of shares to various recipients.

Shareholders of Perth-based engineering and construction company Paladio Group have voted for a name change to Decmil Group.

Avoca Resources says takeover target Dioro Exploration needs a "reality check" over the high valuation of its shares which is around 180 per cent higher than the company's current share price.

Local government councils in the Wheatbelt may stop issuing permits for operators of larger grain trucks as the deadline for the state government to commit an initial $45 million to upgrade rail lines for grain transport passes.

Gunson Resources will build its processing plant for the Coburn zircon project in Western Australia instead of China as it selects Intermet Engineering as its preferred engineering contractor.

Shares in Perth-based Resolute Mining have risen after the company produced first gold at its redeveloped Syama mine in Mali.

VDM Group expects to book an operating loss for the 2009 financial year as current business conditions result in a write off of goodwill by up to $85 million.

Miner Atlas Iron has confirmed today it will raise up to $117 million to help fund expansion plans of its operations in the Pilbara.

Resource stocks have helped to continue the positive momentum in the Deloitte WA Index with the collective market capitalisation of WA's top 100 companies jumping 54 per cent over the past four months.

Straits Resources has taken a substantial shareholding in Adamus Resources as the latter steps up debt and equity talks for its $95 million gold project in Ghana.

Balcatta-based SA Metals, formerly Pan Palladium, has recommended shareholders accept Sylvania's $30 million all-scrip takeover offer.

Board seat push ended Chinalco deal; China slump hits recovery hopes; Major GRD investors warm to $105m AMEC bid; Gatto brokered Cape Lambert peace; Minmetals closes OZ deal

Shadow Treasurer Ben Wyatt has claimed the state government should produce a mini-budget to accurately reflect the State's true financial position.