North Perth-based metals explorer Aura Energy Ltd has entered into a deal, potentially valued at $460 million, with Chinese company Sino King Investment Ltd.
The global financial meltdown has prompted the University of Western Australia, along with tertiary institutions across the country, to tighten the financial belt after falls in investments.
WA rips $1.8bn off regional deal; RBA plans drastic rates cut; Chinese Rio play embroiled in Lehman collapse; Mills push FMG for freight cuts; NAB to be first cab off the rank
The corporate watchdog has banned Dalkeith man Pierre Schinazi from providing financial services for five years over his role in the collapse of Westpoint.
Western Australia miners have been hit hard in trade today with the metals and mining index plummeting over 12 per cent on fears that the meltdown will spark a global slump and reduce demand for commodities.
The collapse of Lehman Brothers has put the spotlight on BHP Billiton's takeover of Rio Tinto, with Chinalco in urgent talks with Lehman Brothers' liquidators to retrieve a 12 per cent stake it holds in Rio.
Mining services company Imdex Ltd is set to acquire Western Australian manufacturer Australian Drilling Specialities for $12 million in cash and scrip.
The state government will take a maximum stake of 25 per cent in homes under the revamped First Start shared equity scheme which this week received a $70 million lifeline.
Markets fret over Fed recession fears; WA growth to shrink: Buswell; Hundreds left angry as Opes Prime is wound up; No riding China's back: Rio; Banks urged to pass on cheaper borrowing costs
THE global financial crisis has had a big impact on two energy projects off Western Australia's northern coast, with Coogee Resources and Nexus Energy both putting out 'for sale' signs this month.
GLOBAL share markets have entered a netherworld that no-one working in the finance industry has ever experienced before, unless they were alive in the 1930s.
AUSTRALIA is safeguarded from the worst of the global financial markets because of the strength of the nation's big four banks, according to KPMG partner Kevin Smout.
WESTERN Australia's seemingly unstoppable supremacy on top of the stock exchange leader board has taken a battering over the past year, with a significant percentage of the state's mining and resources groups finding themselves in the crosshairs of worrie
PLUNGING international stock markets have been the most visible manifestation of the global financial crisis of the past month, but an equally worrying trend has occurred in debt markets.
THE country's banking sector has been the focus of intense scrutiny over the past few months as the global financial turmoil casts light on potential targets.
A REVIEW of the export market development grant scheme highlights the difficulties exporters in Western Australia face when seeking funds from this primary source of assistance.
Subiaco-based Richfield Group Ltd plans to raise $2 million through a non-renounceable entitlements issue, with funds to go towards working capital and exploration expenditure.
Perth-based Axiom Properties Ltd has refinanced its Port Geographe residential subdivision project with St George Bank, which will provide a $100 million construction finance solution.
Iluka Resources Ltd, the world's biggest zircon producer, has increased its profit outlook for the full year after a fall in the Australian dollar and higher commodity prices as it plans to take one of its kilns out of production.
The decline in world investment markets has dented Perth-based wealth management company Plan B Group Ltd's funds under management, administration or advice.
The $10.4bn giveaway; Europe unites in $2.8 trillion shock and awe blitz on cash crisis; Base metals bounce as bailouts inject new hope; Credit crunch crimps broadband plan; Top lender falls into line with rates cut
Shares in Wesfarmers Ltd surged as much as 10 per cent today as the company assured investors it was confident it would be able to repay $1.26 billion worth of debt due in less than a year.
The Australian bourse has clocked up its best two-day gain in over 33 years after the market closed four per cent higher, following the biggest point gain ever on Wall Street and news of the federal government's $10.4 billion economic stimulus package.
The cost for Moly Mines Ltd's Spinifex project in the Pilbara has risen from $1.1 billion to $1.26 billion following the inclusion of costs for a power station after a deal with an infrastructure company fell through.
Investors have slashed the share price of Perth-based Avanco Resources Ltd after it came out of a three-month trading halt on news that it plans to raise over $2 million.
Perth-based explorer Arafura Resources Ltd has accepted a $20 million loan from US-based investment fund YA Global Investments for the progression of the feasibility study into its Nolans rare earth-phosphate project.
The sale of BankWest to the Commonwealth Bank of Australia is not expected to be impacted by the bailout of embattled parent company HBOS plc, which has accepted a $22 billion rescue package from the UK government.
