Financial Services

Balcatta-based Carnavale Resources Ltd will acquire two Brazilian iron ore tenements for around $4.5 million from Puma Metals Mineracao Ltda, the company has announced.

Shares in iron ore explorer Midwest Corporation Ltd have soared by more than 30 per cent after rival Murchison Metals Ltd made a takeover bid worth up to $986.3 million.

CCC says Burke and Grill did nothing illegal; Evans & Tate may have been insolvent before calling administrators; Howard and Brumby give Pratt support; Health Care attacks on Healthscope takeover plans for Symbion; Kintyre deposit in bidding war.

While the gold sector in Western Australia has long led the way in exploration spending, iron ore exploration expenditure has jumped significantly in recent years to be to almost level pegging.

Like many drilling companies, Swick Mining Services Ltd was hit hard by the downturn in exploration spending early this decade.

The web development industry in Western Australia is, like many other sectors, benefiting from the flow-on effects of the state's mining boom.

BIBRA Lake-based Reclaim Industries Ltd has been awarded a $567,500 grant to establish a tyre recycling and re-processing facility in Adelaide, which it says will be the first of its kind in South Aus

Disability services provider Rocky Bay is undergoing a rapid growth phase, having more than doubled its capacity over the past 18 months.

While exploration expenditure in Western Australia reaches new highs, exploration spending from WA junior to mid-cap explorers remains mixed between domestic, interstate and overseas projects.

Mining companies are urging the state government not to squander the current resources boom, as mineral exploration expenditure in WA hits a 20-year high.

Greg Neill has been appointed a certified financial planner for Provident Financial Services.

A Perth company that has developed a revolutionary new method of extracting copper, nickel and other base metals from ore is pursuing a stock market listing through a reverse takeover of newly listed explorer Trajan Minerals Ltd.

ISS Group Ltd managing director Shane Atwell has increased his indirect interest in the company through the conversion of 6.2 million unlisted options valued at $1.5 million.

The chairman of Applecross-based engineering services giant Monadelphous Group Ltd, John Rubino, has sold a quarter of his holding in the company for $15 million.

Shareholders in West Perth-based gold miner Artemis Resources Ltd have take up 96 per cent of the 50.8 million loyalty options it offered earlier this year, the company has announced.

Nedlands-based information and technology company ISS Group Ltd will provide its shareholders with a capital return of 6 cents per share, subject to the approval of the plan by shareholders at a general meeting to be held on or around 16 November 2007.

Bibra Lake-based mining services company Mineral Resources Ltd will construct ore crushing and beneficiation facilities worth $300 million for West Perth-based Precious Metals Australia at the company's Windimurra vanadium project.

West Perth-based Tap Oil Ltd has entered into a gas sales agreement with a Western Australian customer for over five years, which it expects will generate $135 million in revenue.

Hamilton Hill-based barramundi producer Cell Aquaculture Ltd will relocate its Mississippi aquaculture operations to Las Vegas, Nevada, after losing and writing off $2.4 million on the site.

Henderson-based drill and blast company Brandrill Ltd has completed the acquisition of a 70 per cent stake in truck trays manufacturer DT-Hi Load Australia Pty Ltd for around $3.4 million.

West Perth-based Heron Resources Ltd has approved the commencement of trial mining and construction of the Demonstration Leaching Project on its Jump-up Dam Heap Leach Nickel Project, expected to cost $5.5 million.

Perth-based biotechnology company pSivida Ltd has completed enrolment for the first studies of absorption, distribution and metabolism of its diabetic macular edema treatment Medidur, the company has announced.

Premier Alan Carpenter has called on Federal Treasurer Peter Costello, who is visiting Perth today, to allocate more money to the State Government for infrastructure projects.

Diversified minerals explorer India Resources Ltd plans to raise up to $20 million to drive development of its Surda copper project in India and fund further exploration to leverage India's resources potential.

South Perth-based Aurium Resources Ltd has acquired a 37.5 per cent stake in gold exploration company Haven Resources Ltd for the issue of 7.5 million shares, worth around $1.3 million, the company has announced.

West Perth-based Jupiter Energy Ltd will pay Zher Munai & K LLP around $6.7 million and issue shares worth a further $2.3 million for sub surface rights on an oil permit in the Mangistau Basin in South West Kazakhstan.

Applecross-based engineering company Monadelphous Group Ltd has secured new minerals and oil and gas projects worth a total of $140 million, the company has announced.

Planning and Infrastructure Minister Alannah MacTiernan has called for a greater share of Federal Government funding for infrastructure funding to be distributed to Western Australia.

Leading shareholders of Orbital Corp have made an unsuccessful attempt top entice billionaire founder Ralph Sarich to reinvest in the Balcatta engine technology company.The West

The discovery of a bashing victim in Melbourne lead to revelations of a new approach to Australia's refugee intake as Paul Omodei discovered allegations of plagiarism by Attorney General Jim McGinty, plus Pulp Mill, Hospitals, Autism, Teachers and Pauline

Former Hallmark Gold NL and Welcome Stranger Mining Company NL directors Stuart Adrian Corp and Brian Millwood Smith, have been found guilty of 29 charges brought after an investigation by the Australian Securities and Investments Commission.

Applecross-based financial services company Questus Capital Group Pty Ltd is seeking a backdoor listing on the Australian Securities Exchange through failed Belmont-based company Financial Resources Ltd.