Wembley-based property developer and manager United Overseas Australia expects its 2008 profit to slump over 70 per cent, largely on the back of project delays.
BHP Billiton says it will focus on brown-field expansion projects including its Western Australian iron ore operations, to help carry it through the current economic uncertainty.
LAST year, in a deal which was value destroying for the shareholders of base metal miner Oxiana Limited, that company merged with Zinifex Ltd to become Oz Minerals.
Mount Magnet South non-executive director Fred McMurray has been issued with 4 million convertible notes at a total cost of $200,000, with each note holding a conversion price of five cents each.
CHANGE is not in the air, it has hit the ground running, or should I say running rampant. If it hasn’t affected you or your business in some way, you are in the minority. Change is here.
A SPATE of mergers in the property valuations sector could be a sign of things to come, as the downturn in the property market forces greater consolidation within the sector.
THE number of housing finance commitments in Western Australia rose 5 per cent for the month of October, seasonally adjusted, compared to the previous month, but remains almost 20 per cent down on the
AUDITOR General Colin Murphy has called on the WA Department of Health to improve the way it buys services from non-government and not-for-profit organisations, following an audit of the department's purchasing practices.
Finsia Residential Property Outlook The strength of Australia’s economy has been highlighted in recent years by its ability to withstand a number of internal and external events, including a major dro
The Australian stock market closed slightly higher today but investors ignored a big lead from United States markets, instead taking an axe to some major banks.
Commonwealth Bank of Australia had terminated a share placement agreement with Merrill Lynch following confusion over its $2 billion capital raising launched last night.
Shares in Mount Gibson Iron have jumped 40 per cent on the government's approval for two Chinese companies to subscribe and underwrite a $162.5 million capital raising.
Redbank Mines has listened to the advice of its largest shareholder, Michael Kiernan, with the spinout of its Fiji project into a separate, dedicated gold vehicle.
Subiaco-based Rox Resources has entered into an agreement with a Chinese minerals company for the majority sale of its Myrtle zinc-lead project for $12.5 million cash.
Banks agree to extend Centro's $5bn debt; CBA seeks $2bn in late dash for cash; Industry revolt on green plan; Telstra hit again; Burrup counts the cost as gas supply comes back on stream
US stocks soared on Tuesday as investors cheered the Federal Reserve decision to cut its key rate to near zero and its pledge of more steps to revive economic activity.
The Department of Treasury and Finance is set to take on more responsibilities as the Department of Housing and Works joins the list of government agencies to be split.
Brisbane-based Intrepid Mines is set to benefit from a full exposure to the gold price as it closes its hedge book for its Paulsens gold mine in Western Australia.
Subiaco-based Red Emperor Resources plans to raise $25 million early next year as it enters into an agreement to acquire a majority stake in a Russian project for nearly $14 million.
The state government will inject an extra $400 million over the next four years into the royalties for regions scheme as the policy that tipped Premier Colin Barnett into power is officially launched today.
Western Australian borrowers are going back to basics when choosing a loan to finance property, with basic variable loans surging 2 percentage points to 36 per cent and variable loans representing 80 per cent of all loan approvals.
Fortescue Metals Group says it is reviewing the legal status of its shipping contracts as it reveals today that disputes have arisen from a decision to suspend two-thirds of its long-term ship charter contracts.
