Home building approvals have suffered their biggest slide in three and a half years in November, with Western Australia's residential construction sector expected to take a hit over 2016.
Western Australia's unemployment rate has lifted 0.2 per cent in November to 6.6 per cent in seasonally adjusted terms and employment eased back from a record high, in contrast to strong employment growth in the rest of the country.
The unemployment rate in Western Australia was unchanged at 6.1 per cent in September, however it disguised a fall in employment as the number of people working fell by over 9,000 during the month.
The unemployment rate across Australia, and especially in Western Australia, has recorded a surprising fall, with the local number affected by a special adjustment by the Australian Bureau of Statistics.
Emeco Holdings has entered merger discussions with Queensland-based Orionstone, three weeks after the rival mining equipment supplier proposed a nil-premium merger.
The takeover negotiations facing mining equipment supplier Emeco Holdings got more complex today after it received a merger proposal from Queensland-based competitor Orionstone, which has also pushed for Emeco to scrap its planned purchase of truck rental company Rentco.
A surprise fall in home loan approvals in November shows the national housing market is starting to moderate and a rate cut should be on the cards early in 2015, according to the Real Estate Institute of Australia.
Mineral sands miner Base Resources is pushing on with its takeover bid for World Titanium Resources, despite the target declaring yesterday the bid is not capable of succeeding.
Perth-based Mineral sands miner Base Resources has launched a scrip takeover offer for ASX-listed World Titanium Resources, which owns the Toliara Sands project in Madagascar, after securing extra funds for its Kwale project.
Paladin Energy has launched a $205 million recapitalisation plan, designed to fund it until midway through 2016, which has won the backing of China-focused private equity firm HOPU Clean Energy.
Perth-based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.
Northern Star Resources has continued its aggressive expansion strategy, announcing it will buy the Jundee gold mine in Western Australia from Newmont Mining for $82.5 million.
Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.
Western Australia's gold sector is rallying against a potential increase in royalty rates, saying such a move would significantly hurt country towns as well as local producers of the precious metal.
African gold producer Endeavour Mining has appointed Ian Henderson as a director. Mr Henderson is the former manager of the JP Morgan Natural Resources Fund.
Local players in the corporate finance market faced more competition than ever before from big national and international firms, WA Business News' 2011 survey has found.
Perth-headquartered emerging developer Coal of Africa has announced its intention to proceed with the issue and allotment of 50.32 million conditional placing shares, the second tranche in a US$106
Perth-based mining company Atlantic has completed a $25 million capital raising to finance process improvements and alterations at its Windimurra vanadium project, which has been adversel
The spectacular rise in Fortescue Metals Group's share price since chief executive Andrew Forrest took the reins has made the iron ore developer the top performing Western Australian stock over the past five years.
