PearlStreet Ltd managing director Anthony Wooles has increased his interest in the company by buying 10 million shares valued at $3.3 million through a placement to director and allotment of shortfall
Increased building activity in Perth's suburbs will create more than 400,000 square metres of new office space over the coming years, as more tenants are pushed out of the traditional CBD and West Perth markets by record low vacancy rates.
Following a win at the shareholders meeting earlier this week, Gary Stokes has been appointed as chief executive and managing director of West Australian Metals Ltd.
Cape Lambert Iron Ore Ltd has today completed settlement of the $400 million sale of its namesake project to China Metallurgical Group Corp as it receives the first payment of $240 million.
Wesfarmers has committed $4.5 million for the establishment of a new centre dedicated to boosting the number of cutting-edge medical research discoveries that go from the laboratory bench to a patient's bedside.
Billionaire Clive Palmer's Resource Development International Ltd has made a formal bid for Australasian Resources Ltd, which is set to play a key role in the mining of 20 billion tonnes of iron ore from the Balmoral tenements in Western Australia.
QRSciences Holdings Ltd has entered into a share exchange agreement with a United States company to sell its private arm that specialises in developing technology systems in a scrip and cash deal worth $A12 million.
Litigation funder IMF (Australia) Ltd will pocket over $3 million after conditional settlement was reached in the Shenton Park Retirement Village matter.
Perth-based Carnegie Corporation had been issued a five-year exclusive licence to identify suitable areas for a wave energy facility off Albany's coastline.
West Perth-based Uranium Equities has lodged a provisional patent application in the United States relating to the extraction of uranium from wet phosphoric acid.
Macmahon Holdings Ltd has jumped the gun in its takeover bid for Ausdrill Ltd, extending the offer period by one month and allowing Ausdrill shareholders the right to withdraw acceptances.
Perth-based specialist treasury systems provider CCK Financial Solutions Ltd has received a letter of intent from National Australia Bank for the purchase of the Guava Suite treasury management system.
Shares in Australasian Resources Ltd have been placed in a trading halt pending an announcement relating to the takeover proposal from billionaire Clive Palmer's Resource Development International Ltd.
West Perth-based EnviroGold Ltd has terminated, by mutual consent, an exclusive mandate for the financing of its Las Lagunas gold project in the Dominican Republic.
The administrators of West Perth-based Baraka Petroleum have returned control of the company to the directors as chief executive Mark Fenton steps down.
Perth-based Coal of Africa Ltd has boosted its bank balance to more than $280 million following approval for an African investor group to increase its stake to 17.3 per cent.
The state president of the Australian Institute of Company Directors Fiona Harris and former senior manager of Western Mining Corporation Mike Donaldson have been appointed to Territory Resources Ltd's board.
Engineering company Neptune Marine Services Ltd has been awarded a $2.5 million contract from Dutch marine contractor Van Oord to provide services for the Blacktip gas field development in the Timor Sea.
Perth has suffered the biggest drop in house prices, falling 2.4 per cent in the June quarter, as capital city house prices across Australia decline by the sharpest rate in nearly than three years.
West Perth-based ARC Energy has hit back at claims that it breached a confidentiality agreement after it received a writ from Oil Basins Ltd late last week.
Project delays have prompted Belmont-based engineering and construction company Paladio Group Ltd to report a smaller profit of $55,000 for the 2008 financial year.
IMF (Australia) Ltd said the first distribution of money owed to creditors from the failed miner Sons of Gwalia Ltd has started, as administrators accept an increase in the value of claims.
Nedlands-based Integra Mining Ltd will move to feasibility study for its Randalls gold project near Kalgoorlie after an earlier study pegged capital costs at $85 million.
The state's small to medium enterprises are keeping up with their larger counterparts as business conditions continued to further weaken SME's across the country.
Western Australia is one of two states that have defied the downward path of Australia's manufacturing activity, which sunk to a near three-year low as high interest rates slow the economy.
HBOS, the UK parent company of BankWest, has recorded a 56 per cent fall in net profits for the first half of 2008 due to credit crunch turbulence while earnings at its Australian arm dipped 12 per cent.
Ensuring the ongoing strength of the arts sector in Western Australia beyond the boom will only be achieved by building relevance of the arts in the community, according to participants at the WA Business News forum.
