Deterioration of market conditions has forced Osborne Park-based Anvil Mining Ltd to lower the price of its share placement to Israeli mining investor Dan Gertler by nearly 20 per cent.
Shares in Golden West Resources Ltd have jumped 30 per cent on an unusual heavy day of trade as Portman Ltd's shareholding grip on the company loosens due to dilution.
Mining services company Imdex Ltd has entered into an agreement to fully acquire Queensland drilling services Wildcat Chemicals Australia Pty Ltd for nearly $2 million.
East Perth-based engineering company Lycopodium Ltd believes the buoyant minerals sector outlook will offset challenging conditions in the biodiesel and manufacturing sectors, as it today announced a 40 per cent increase in full-year net profit.
Takeover target Ausdrill Ltd has posted a 28 per cent increase in its full year net profit on the back of a six per cent increase in revenue to $391 million.
Mining services company Mineral Resources Ltd has reported a net profit of $47 million for the 2008 financial year, up 134 per cent from the previous year.
West Perth-based mining company Sphere Investments Ltd is looking for a new partner for its Mauritanian iron ore project, after Qatar Steel walked away from acquiring a 15 per cent interest worth $130 million.
The mining boom has fed into mining services company Brandrill Ltd's full year net profit, which has increased 36 per cent to $11 million in fiscal 2008.
Civil construction company Brierty Ltd has posted a full-year net loss of $1.3 million after downgrading its profit twice in its first year of listing on the stock market.
Miner Mincor Resources Ltd has reported a 36 per cent fall in net profit for the 2008 financial year to $64 million on the back of lower nickel prices.
Wesfarmers Ltd's share price slumped today after it announced a 33 per cent increase in net profit for the year ending June 2008 of just over $1 billion but a fall in earnings per share.
Engineering company Clough Ltd has turned around its 2007 financial year loss into a net profit of $67 million while its order book stands at $1.2 billion.
Alliance Resources Ltd Patric Mutz will join the board as independent non-executive director. Bauxite Resources Ltd Daniel Tenardi has been appointed managing director.
The resources boom is helping to feed pay packets across Western Australia, with the state recording the highest increase in wages over the past year as average mining sector salaries pushed past $100,000 for the first time.
Contracting companies Abigroup, Macmahon Holdings, Laing O'Rouke and BGC Contracting have been the major beneficiaries of multi-million dollar road contracts awarded in Western Australia in the past two months.
At the height of the tech boom almost a decade ago it would have been laughable to suggest that one of Western Australia's most successful internet entrepreneurs would offer local weather information to fishermen.
Western Australia might be home to the nation's richest man and awash with riches amassed from property and mining booms, but that doesn't necessarily translate into funding for online businesses.
The battle between disgruntled union train drivers in the Pilbara and Rio Tinto is still being played out in the Industrial Relations Commission, with millions of dollars in revenue on the line.
A mining representative body has called on the state's major political parties to form a single resources portfolio to address WA's declining exploration levels.
A fall in commodity prices and a rising Australian dollar have cut West Perth-based Kagara Ltd's earnings in fiscal 2008 by 28 per cent despite achieving record copper production over the year.
Ausdrill Ltd has rejected Macmahon Holdings Ltd's increased takeover offer, saying the new bid represented less value for shareholders than the original offer.
Golden West Resources Ltd has hit back at Portman Ltd's criticism of its acquisition of iron ore tenements, using the latter company's recent purchase of prospective iron ore ground as ammunition.
A 74 per cent increase in sales revenue has reduced Osborne Park-based Advanced Braking Technology Ltd's annual loss for the 2008 financial year by $910,000.
Perth-based Venus Resources Ltd has branched out from its diamond focus following the settlement of iron ore tenements in the Mid West for over $1 million.
Cape Lambert Iron Ore Ltd chairman Ian Burston has stepped down as the company steps up evaluation of new acquisitions following the $400 million settlement of its namesake project.
Kalgoorlie-Boulder Resources Ltd has entered into a $3 million scrip deal to acquire private company Matsa Resources Pty Ltd which holds interests in projects in Western Australia and South East Asia.
Companies with an indirect interest to Western Areas NL chairman Terry Streeter have spent nearly $7 million buying shares in the miner over the past two days.
