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.
Western Australia's economy is expected to slow by almost 40 per cent in 2008/09 and nearly 50 per cent the following financial year as the fallout from the global financial crisis impacts the state and demand for resources commodities wanes.
The state government has confirmed that the University of Western Australia will be the headquarters of a new $20 million radio astronomy research centre that is designed to help WA win the $2.5 billion Square Kilometre Array project.
The weaker Australian dollar is expected to provide a buffer for Australia's commodity export earnings, which is forecast to drop by over 10 per cent for the 2009 financial year.
Manganese miner OM Holdings has revealed it has suspended shipments at a loss of over $12 million in response to weaker market conditions, which has also prompted a 30 per cent cut to annual production next year.
Premier takes on Mid West port push; Barnett says power merger has merit; $1.4bn to soften pain of carbon trading scheme; Arabs in multi-billion plan to buy WA farms; Up in smoke - share funds set for worst year on record
Premier Colin Barnett says he is "thrilled" with a federal government infrastructure package, which includes $195 million for the Ord River Irrigation Scheme but has very limited contributions for other projects in Western Australia.
Grange Resources shareholders have overwhelmingly voted in favour of its merger with private Tasmanian magnetite iron ore pellet producer Australian Bulk Minerals.
Western Australia has received little in the federal government's $4.7 billion nation building package designed to help combat the affects of the global financial crisis, receiving a total of $318 million.
Sinosteel losses shut Rio mine; Investors hail Rio's cost cuts, asset sales; Christmas tax break for small businesses; No relief in sight as China dips; Shire planner reject Smiths Beach project
Nickel miner Albidon says it will slash its mining workforce in Zambia by half and downsize its Perth office as part of cost cutting measures following an operational review.
Clean energy technology group Orbital Corp says it expects to post a loss of up to $2.7 million for the first half 2008/09 as it reviews its option to maintain its interest in a manufacturing joint venture.
Shares in West Perth-based Bass Metals have jumped as high as 40 per cent today after it reached agreement to buy the Hellyer processing plant from Intec for $4 million.
Burrup Fertiliser chief Pankaj Oswal has emerged as a substantial holder in West Perth-based Phosphate Australia, spending over $2 million for a near 6 per cent slice.
WA set for slowest growth in a decade; Battle on electricity pricing; New hope of economic recovery; Company tax may be cut in Henry review; More cash for ABC Learning
THE recent encroachment of Chinese producers into the state's resource sector has brought into question the value of shareholder returns, with cost plus off-take deals playing into Chinese hands.
THE decision by three non-executive directors - chairman Peter Mansell, Jenny Seabrook and Mel Ward - to quit the board of Western Australia's biggest publisher should not be a surprise.
ABOUT 236,000 square metres of extra retail space is due to come online in Perth over the next four years, according to a retail report by the Property Council of Australia (WA), with just less than half the extra space coming from new centres.
THE National Australia Bank’s Business Planning Survey has revealed an alarming level of complacency amongst the state’s small business owners when it comes to planning for the future, with 87 per cen
