Perth-based Focus Minerals plans to raise up to $28 million in two separate raisings, with the majority of funds to go towards the refurbishment of a treatment facility at its Coolgardie gold project.
Subiaco-based Stirling Resources has teamed up with Indian resources company NMDC to jointly identify, acquire and develop coking coal and iron ore investments in Australia and New Zealand.
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Property developer Port Bouvard has described its interim results as "pleasing" despite posting a loss after tax of $1.2 million for the six months to the end of December 2008.
The Chamber of Commerce and Industry of WA has identified 33 government agencies which it believes are superfluous and, subject to review, need to be consolidated, abolished, or have their services privatised or contracted out.
Southern Cross Electrical Engineering has forecast a 28 per cent increase in its full-year net profit after it was selected as CITIC Pacific's preferred contractor for the Cape Preston iron ore project.
Perth-headquartered Cash Converters has lifted its full-year net profit guidance to up to $15 million as it delivers a record first half profit result, boosted by acquisitions in Australia and the UK.
Project delays as a result of the global economic crisis have impacted RCR Tomlinson's half-year net profit despite the company booking a record revenue result.
Perth-based Po Valley Energy has successfully raised $10 million through a private placement, with funds raised to progress four Italian gas development projects.
Perth-based Clough has secured a $116 million contract for works at the Montara oil project in the Timor Sea from a Thai company, which less than two months ago bought Coogee Resources.
Henderson shipbuilder Austal expects revenue and profit to continue its downward trend in the second half of fiscal 2009, as it reports a 43 per cent fall in first half net profit.
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The sluggish property market has impacted Cedar Woods Properties which reported a net loss of $5.6 million for the first half of the 2009 financial year, down from the prior corresponding period's net profit of $4.6 million.
A near $5 million impairment charge to one of Coventry Group's divisions has impacted the company's bottom line, which fell 61 per cent for the first half of fiscal 2009.
Kresta Holdings expects difficult market conditions to continue well into next year as it posts a 57 per cent slump in its half-year net profit to $1.5 million.
Mineral sampling equipment manufacturer Essa Australia expects to remain profitable during the second half of this financial year after it posted a 34 per cent drop in its interim net profit.
Oil and gas services company Mermaid Marine Australia has reported a 63 per cent lift in its interim net profit on the back of higher margins from its international business.
Education services provider Navitas has executed an agreement with the University of Portsmouth in the UK to establish International College Portsmouth.
Gold miner St Barbara, which holds operations in Western Australia, expects to extend its half-year loss to some $44 million as a result of write downs and lower carrying values of listed investments.
Losses from discontinuing operations have hit Clough's bottom line with the engineering and construction company reporting a 30 per cent fall in its interim net profit.
DESPITE the doom and gloom coming from the state's mining sector, the January Deloitte WA Index revealed stock values of miners rose more than 3 per cent, bucking the overall trend.
THE National Australia Bank has signed a 10-year lease to open a one of a kind branch at the former Red Rooster premises in the Murray Street Mall later this year.
THREE Western Australian companies servicing the resource sector have managed to defy the economic downturn to report record sales and profits in the half-year to December 2008.
