Tanami Gold director Denis Waddell has increased his interest in the company by subscribing for 56.1 million shares in the company’s entitlement issue at a total cost of $280,400.
Property developer Nigel Satterley believes the Perth residential property market is virtually at the bottom of its downward cycle, with increases to the first home owners grant and the drop in interest rates injecting some stimulus into the market.
The Chamber of Commerce and Industry of WA has expressed concern that the fundamental strength of the local economy is being undermined by uncertainty and pessimism.
Perth-based engineering firm, GRD Minproc has been awarded an ore processing technology contract on the world's largest uranium deposit and a world scale copper and gold resource, BHP Billiton's Olympic Dam Expansion Project.
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West Perth-based Iron Ore Holdings has discovered a new high-grade iron ore deposit at its 100%-owned Weeli Wolli Project near Yandicoogina in the Pilbara.
Timbercorp has revised its profit forecast from an estimated $57 million down to approximately $44 million following a review of its current projects and assets.
Alcoa has shelved the proposed expansion of the Wagerup alumina refinery in Western Australia, estimated to cost approximately $3 billion, amid weakening demand and volatility in financial markets.
Federal Treasurer Wayne Swan has defended Treasury's growth forecast, saying it does not conflict with more pessimistic predictions by the World Bank and the Reserve Bank of Australia.
Property prices in most capital cities including Perth have plummeted in the September quarter, with house and unit prices flattened or posting negative rates of return in the past 12 months.
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Perth-based Oroya Mining intends to raise over $1 million through a renounceable rights issue to continue it's exploration projects around the country.
Avalon Minerals is hoping to raise $2 million through the placement 20 million shares at 10 cents per share to progress drilling and feasibility studies at its flagship Viscaria Copper Project, located in Northern Sweden.
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Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.
Less than two months after it floated on the Australian market, Perth-based Aluminex Resources will delist after a technical glitch with its initial public offer.
West Perth-based miner Kagara has been granted an extension to its $100 million facility by the National Australia Bank while Westpac has provided a $50 million facility.
