Phosphate Resources has warned it may incur some losses in some of the remaining months of this financial year, as it reports a profit before tax of over $62 million.
Pressure grows on banks over rates; Hogan stockbroker shuts the door; Pan pharma class action seeks $120m compo; Banks fees yield extra $2bn; Aussie hedge fund freezes payouts
Perth-based biotechnology company Stirling Products is teetering on the brink of administration as it cans a $960,000 capital raising and enters talks for the possible disposal of its assets.
Fortescue Metals Group expects to hold a steady production rate of 55 million tonnes per annum over the course of 2009, setting aside earlier plans to hit that rate by the end of the March next year.
The merger between collapsed miner CopperCo and Mineral Securities has not been fully completed, with some MinSec shareholders missing out on shares owed to them.
Perth-based Aspen Group says its revenue stream will be boosted by some $58 million over the next five years following the completion of the Karratha Accommodation Village for Woodside Petroleum.
The downturn in commodity markets has prompted Nomad Buildings Solutions to cut its earnings forecast for the 2009 financial year as its modular division comes under pressure.
ATO gives Wickenby target $1m; Multiplex poised to build Fiona Stanley; Regulator ready to curb ATO aggression; CCC fails to censor McCusker report; Arrow takes aim at Pure
New BankWest managing director Jon Sutton committed his new charge to acting independently of its parent Commonwealth Bank as the major moves to take control of its new WA asset.
The traditionally quiet time for businesses in the days before Christmas has been set aside as six Western Australian companies today unveiled merger and acquisitions plans valued at over $506 million.
Booragoon-based Total Staffing Solutions has entered an agreement to acquire recruiter Ultimate Skills in a $5 million scrip deal as it offloads its majority interest in Mining People International.
South Perth-based Advanced Ocular Systems will transform into a scaffolding business after it agreed to merge with International Formwork & Scaffolding, valued at $22.5 million.
Manganese miner OM Holdings says it will incur a loss of over $13 million after it closes another hedging position as Consolidated Minerals beefs up its interest in the miner.
Shake-up for ASX capital raising rules; ASX 100 face losses of $50bn; Metal meltdown to persist; Super funds seek tax relief; Razor gang to fund rescue
Perth-based Incremental Petroleum has recommended shareholders reject an $84 million takeover bid by Texan firm TransAtlantic, citing the current low oil price as one reason to rebuff the offer.
Perth-based Condor Nickel has agreed to merge with its shareholder, Chinese controlled Chihong International Mining, with the merged entity to have a host of projects across Western Australia.
Western Australian mining identity Tony Sage will chair the combined entity of Jackson Minerals and Scimitar Resources, which have unanimously agreed to merge.
Shares in Atlas Iron have risen sharply in early trade as the iron ore miner enters into a long-term off-take agreement for its Pardoo project in the Pilbara.
Exporters taxed to boost borders; Qantas ditches BA merger; Bang goes the west's boom; Jilted shipowners sue FMG; Fahour is pushed aside as Clyne takes reins at NAB
Fashion brand Costarella Design will go back to its private roots after the company that owns it entered into a deal to acquire a liver disease treatment company.
Perth’s design professionals have appealed directly to the state government not to pull the funding rug from under it, as some projects are halted amid rumours of billions of dollars being slashed from the capital works program.
Perth-based Phosphate Australia has emerged as the best performing initial public offer for 2008, as the number of company listings in Western Australia more than halve as the financial crisis bites.
The state government has budgeted $2.4 billion for the Royalties for Regions scheme as it forecasts a net debt of nearly $17 billion in 2010/11, according to the mid-year economic review.
The continued high risk of Rio Tinto's debt following its Alcan acquisition has prompted international ratings agency Moody's to downgrade the miner's rating.
