Coal prices surge more than 200%; ANZ flags $1b for bad debts; Second Opes director in ASIC's sights; BHP's petroleum chief to woo Rio investors; Shell opts for $2b floating LNG plant at prelude field
Newcrest Mining Ltd has agreed to farm into the Mount Mackenzie gold project in Queensland which is currently owned by Leederville-based SmartTrans Holdings Limited (60%) and Australia Oriental Minerals NL (40%).
West Perth-based Atlas Iron Ltd has obtained a 19.9% interest in emerging iron ore explorer Warwick Resources Ltd, acquiring shares in Warwick at 0.23 cents via a share placement and off market purchase for a consideration of approximately $4.3 million.
Fortescue milestone marks end of giants stranglehold: Forrest; Santos to give Devil Creek nod; WAN goes on the attack to 'set the record straight'; Receivers target Opes six; Business calls for tax relief from states
The state government plans to introduce a $780 million subsidy scheme to limit increase in electricity prices, after rejecting a recommendation to lift prices by about 60 per cent over two years.
Redcliff- based construction services group, Global Construction Services Ltd has today announced a revised full year net profit forecast of $9.5 million for the year to 30 June 2008.
Shares in takeover target Golden West Resources Ltd have soared over 70 per cent after it was revealed iron ore mining company Portman Ltd had acquired a 10 per cent stake while its bidder Fairstar Resources discloses its position in the Opes Prime saga.
Total Staffing Solutions Ltd's offshore division has signed an agreement to acquire Perth-based CFM Global for $2 million which includes an agency supply agreement for sourcing skilled international labour.
West Perth-based Marengo Mining Limited has filed its final prospectus to raise A$9.1 million, in the Canadian market, which will be used to fund a definitive feasibility study on its wholly-owned Yandera copper molybdenum project in Papua New Guinea.
Small companies listed on the Australian stock exchange today continued to reveal details of their exposure to the collapse of stockbroker Opes Prime, including Perth-based Blackham Resources, Hodges Resources, Catalyst Metal and Conquest Mining.
There seems to be a competition developing amongst finance journalists, along with some economists and market analysts, to be the first to call a base to the current bear market phase on stock markets.
The starter’s gun has been fired for reinvestment in university education as our leaner and hungrier tertiary institutions prepare for the new federal landscape.
A question the Liberal Party’s national leadership – Brendan Nelson and Julie Bishop, primarily – should promptly ask is, what they hope to accomplish by merging with the Nationals, as some have suggested.
Como-based mining company, Aquila Resources Ltd, could be the target of takeover activity by its joint venture partner, private equity group AMCI, following recent share acquisitions in Aquila and three related iron ore explorers.
Perth-based resource company Windimurra Vanadium Ltd’s recent $25 million share placement has led a charge by small to mid-cap resources companies that have managed to raise capital despite the sharp stock market downturn.
The mining sector, the small business sector and the regions all claim from time to time to be the powerhouse of Western Australia’s economy, and they will all find evidence to back up their claims in a new research report prepared by the Chamber of Comme
Investors in Western Australia’s commercial property market appear to be feeling the effects of the global credit squeeze, as the first quarter of the calendar year passes without a single sale of prime stock in Perth’s CBD.
The Australia Business Arts Foundation (AbaF) has passed a significant milestone, with the total amount of private sector support for the arts it has generated and facilitated passing $20 million.
Media magnate Kerry Stokes stepped up his attack on WA Newspapers Holdings Ltd today, telling nearly 1,200 Western Australian business people that the publisher had lost focus to its customers.
Perth companies Finbar Group Ltd and Image Resources Ltd today joined a long list of companies caught up in the collapse of Melbourne stockbroker Opes Prime.
Gindalbie Metals Ltd's biggest shareholder has taken legal action to block the sale of 32 million shares, or more than six per cent of its issued capital, that is caught up in the collapse of Melbourne stockbroking firm Opes Prime.
Meltdown fear for WA juniors snared in Opes; Mt Gibson eyes appeal despite win; Opes clients: don't dump our shares; Westpoint adviser escapes prison with theft plea; Reserve hints at peak of rate cycle
Peet Ltd has today announced its Peet Alkimos wholesale syndicate has settled on the purchase of a 243-hectare residential zoned property with 1.7km of ocean frontage within the Alkimos Eglinton project.
Leederville-based specialist media company Aspermont has today announced a deal to acquire UK based Mining Communications Ltd for $18.8 million, as part of its global expansion strategy.
ASX-listed exploration company Westgold Resources has today announced a fully underwritten 1-for-4 pro-rata non-renounceable rights issue, at a price of 18 cents per share, to fund its Rover exploration program in the Northern Territory.
Broker accused of hiding losses; Sinosteel claims market uncertainty is a threat for Midwest; Landmark deal promises reward for WA's Martu; Lew lobs $898 bid for Just; Lehman sues over $US350m fraud
The collapse of stockbroker Opes Prime has ensnared shareholders in at least seven WA resources companies, including high profile mining identity Nathan MacMahon and the biggest stakeholder in Gindalbie Metals Ltd.
