China warms to a flexible ore price; Miners push for right to use strike-breakers; Morgan Stanley and Citi in merger talks; Lifeline for Babcock & Brown; Rudd told to ease up on public service
Suitor TransAtlantic has revealed a small fraction of Incremental Petroleum shareholders have accepted its takeover offer while its chairman has spent close to $16 million buying shares.
C@ has ceased the employment of all executive personnel and terminated the lease on its East Perth warehouse as it drops its $70 million acquisition of a carbon capture project.
Macquarie braces for rare profit fall as deals dry up; $1.8bn rort stuns big Australians; Layoffs loom in building industry; Trujillo puts $2bn tag on broadband loss; China pushes for quick round of ore price talks
Some 21 per cent of Mount Gibson Iron shareholders have participated in a $96.5 million rights issue, with the remaining shares to be taken up by APAC Resources and Shougang Concord.
Takeover target Perilya says it has lodged its "concerns" to market and corporate watchdogs over suitor CBH Resources' response to a $45 million placement to a Chinese company.
Perth-based oil and gas explorer Otto Energy plans to start drilling the Santa Rosa tenements in Argentina in June this year after the approval of a near $6 million exploration budget.
Fortescue Metals Group has reached its targeted 15 million tonne shipment for 2008 while it was 1 per cent shy of its mining goal at its Cloudbreak mine in the Pilbara.
Equinox Minerals has hit a hurdle with its offtake partners over its Lumwana copper mine in Zambia as it puts its uranium project on the backburner and prepares for a court hearing over power supply.
Building approvals in Western Australia have slumped 30 per cent in November to levels not last seen in nearly eight years, as a lack of credit and economic uncertainty stopped investors from buying property, economists say.
The directors of WA listed company Fusion Resources have accepted Paladin Energy's takeover offer, with the uranium miner boosting its interest in the minnow to over 28 per cent.
Iron ore hopeful Brockman Resources has appointed UBS Investment Bank as its corporate advisor to help capitalise on the current global market conditions and assess business opportunities.
The market capitalisation of Western Australian listed companies remained steady at $75 billion in December but was down by over $100 billion on the same period last year, according to the latest Deloitte WA Index.
Miner CBH Resources has slammed the board of its takeover target Perilya over the recommendation to shareholders to approve a $45 million share placement to a Chinese company.
Shares in engineering and construction firm Clough have skyrocketed 60 per cent in trade today on hopes its previously terminated contract for work on the Reindeer gas field will be resurrected.
ASIC probes 'missing millions'; Banks pocketing rate cuts - business; Funds fear they may be sold short; Leighton slashes earnings forecast; Cloud on car sales
Perceptions of a softer housing market and better mortgage management have boosted the number of Western Australians intending to take out a home loan within the next year, a survey has found.
Business braces for the worst; Lenders repossessing homes at soaring rate; Bosses eye early job cuts; ATO pursues new business dispute plan; NAB denies planning withdrawal from Britain
More than half of Australian businesses anticipate declining sales and profits in the March quarter amid fears of a steep rise in unemployment leading executives to prepare for a tumultuous year ahead.
West Perth-based explorer Northern Iron has signed an initial five-year offtake deal with a subsidiary of the Tata Steel Group over its Sydvaranger iron project in Norway.
Takeover target Perilya has urged shareholders to vote in favour of a $45 million major acquisition by a Chinese company, in what has been described as "not fair but reasonable" by an independent expert.
Subiaco-based Golden State Resources has entered into a $3 million share facility agreement to raise additional funds for its Golden Eagle oil and gas project in Utah.
Business braces for wages battle; China manufacturers shrink again as global slowdown bites; Cape Lambert ready to pounce on assets; Resources exports will face tough year; Jobs plan to tackle next wave of crisis
Chinese steelmaker AnSteel is set to lift its stake in Gindalbie Metals to 36 per cent as the miner sets a date for a shareholders meeting for the approval of a $162 million placement.
