West Perth based Otto Energy Ltd are planning to raise $15 million to fund drilling preparations, site surveys and costs associated with its two permits in Po Valley, Italy.
Gwalia pursues Portman for royalty; NAB won't rule out rival bid; Resources boom for 20 years; BHP market value surges past $250bn on Chinese whispers; Chemicals tycoon snaps up Repcol stake
LAST week’s state budget was exactly what you’d expect from a pre-election government in a very strong electoral position, picking a few winners and hoping to make positive headlines.
EAST Perth-based internet and telecommunications provider iiNet has returned to its acquisition strategy after a two-year layover, buying fellow Western Australian player Westnet for an $81 million ca
AFTER a setback earlier this year, Pankaj Oswal’s Burrup chemicals empire appears to have gained renewed confidence in the market, unveiling plans for a $600 million ammonia nitrate plant and a likely relaunch of the IPO it shelved in March.
BRIEFCASE, having recently returned from a visit to the land of the free, has identified the source of a possible new financial scandal in the US, which holds the potential to rock the market in th
PERTH’S hotel market may be the busiest in the world, but despite record occupancy rates and growing demand for hotel rooms, no new major hotel developments are planned for the city.
FROM the outside, John Atkins’ decision to quit his five-year leadership role at law firm Freehills to join a bank appears a significant change in trajectory.
LAST year, State Scene had the pleasure of meeting New Zealand’s former National Party leader, Don Brash, in Blenheim, at the heart of Cloudy Bay wine country.
THE social services sector in Western Australia is at breaking point, with skyrocketing staff costs and increased difficulty attracting new recruits, according to those on the front line.
THE Perth operations office of telecommunications provider SOUL Communications, formerly B Digital, is understood to be closing down its local call centre following its parent’s merger with a company that has offshore customer support operations.
Henderson-based shipbuilder, Strategic Marine Pty Ltd, has won the WA Business News 2008 Rising Stars Award on the back of a seven-year growth campaign.
Dragon backs $18.6bn all-scrip Westpac bid; $20bn budget boost for infrastructure; Swan lite on inflation; Explosive plant faces showdown at Burrup; FarmWorks eyes listing to support national expansion
Paramount Mining Corporation Ltd has lost its chairman Steven Cole after a group of shareholders two weeks ago voted down a number of proposals, including increases to director remuneration.
Former Westpoint advisor, Mr Keith Rowntree, has appeared in the Downing Centre Local Court in Sydney, facing charges of providing financial advice without an Australian financial services license.
Applecross based Hawk Resources Ltd has reached agreement to acquire 100 per cent of the issued capital of oil and gas exploration company New Standard Energy Ltd.
Overland Resources Limited has entered into subscription agreements with institutional, sophisticated and industry investors to raise $10 million through the issue of 20 million new shares at $0.50 per share, with the issue subject to shareholder approval
Malaga based Automotive Technology Group has raised its minimum subscription of $6m, in an Initial Public Offering to expand the global penetration of its emissions efficient supercharger technology.
Perth based mineral exploration company, Gryphon Minerals, will raise $10 million through the placement of 25 million ordinary shares at 40 cents each for exploration at its Banfora Gold Project in Burkina, West Africa.
Chinese circling Fortescue; Confession season intensifies as earnings growth slows; Coventry at 30-year low as investors wait; Bad debts threaten banks' double-digit profit growth; Globetrotter thrives on making virtue of family
On the final day of tender applications, Midwest Corporation Ltd has nominated Yilgarn Infrastructure as its preferred developer for the $1.5 billion Oakajee port.
The State Government's failure to provide meaningful tax relief to business in today's state budget suggests it is trying to future-proof its prospects at the next election, rather than safeguard the economy and reinforce business growth.
The state government has responded to calls from the housing sector in its pre-election budger by reducing the cost of property transaction, increasing thresholds which will cut stamp duty on a median priced home by more than 15 per cent.
Canadian mining software company Gemcom Software International Inc, which has major Western Australian operations via its Surpac Minex acquisition, has agreed to be acquired by two private equity firms for $C180 million ($A189.5m).
