Administrators have granted Clough's proposed new owner Webuild an extension to pin down a final agreement for the sale, allowing more time to negotiate and potentially take on more projects.
UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.
Mitsui & Co says it is confident of finding a workable solution for its Waitsia gas project as the share price of its joint venture partner Beach Energy continues to slide.
Italy's Webuild has backed out of a conditional deal to buy struggling engineer Clough, plunging the 102-year old Perth-based company into administration.
Initial assays from extensional RC drilling at CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have confirmed significant direct shipping ore mineralisation beneath the asset's pre-feasibility study pit. The company says the material's average grades of about 55.6 per cent iron align with its targeted production figures and reinforce its strategic plan to lift production and mine life once in operation.
Scott Morrison has used his trip to Western Australia to announce grants for eight businesses in the mining and energy sector, with the biggest grants going to two new hydrogen hubs.
West Australian iron ore player CZR Resources has received more assays that seemingly support its strategy to grow mine life and production rates at its Robe Mesa iron ore project in the west Pilbara. The company says the project is poised for significant growth as the latest assays continue to reveal extensive direct shipping ore mineralisation from the surface and outside the resource area.
Businessman Sam Walsh has been awarded The Order of the Rising Sun, Gold Rays with Neck Ribbon for his contributions to economic relations between Japan and Australia.
A second large carbon capture and storage project could be built in the north west, with Woodside Petroleum, BP and Japanese investors to scope a new facility.
BHP has started development of a new Pilbara iron ore mine after its Japanese partners, ITOCHU and Mitsui & Co, bought a minority stake in the project.
Dredging for a solar salt operation at Shark Bay has won environmental approval, while the Gascoyne Gateway port near Exmouth will go to a public review.
Geraldton-based Garla Barna Civil & Mining has been subcontracted by engineering and construction giant Clough for work on the Waitsia gas field in the Perth Basin.
The state government has disclosed that nearly all gas from the onshore Waitsia project will be exported, at least for the initial six years of production.
An Onslow-based Aboriginal corporation has returned to member control after a major restructuring that included selling its pastoral stations and other assets.
The owners of the giant Waitsia gas field intend to export half the gas rather than reserve it for the domestic market after securing state government approval for their plans.
As the big offshore gas projects planned for WA's north face more delays and uncertainty, the prospects for developing onshore gas fields in the Perth Basin get better.
Western Australia's largest timber plantation owner, investment group New Forests, has expanded its holdings by purchasing 12,000 hectares of bluegums from Bunbury Fibre Plantations, a subsidiary of Japan's Mitsui & Co.
Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.
Woodside Petroleum is priming itself to begin design work on its $30 billion Browse LNG project by the end of the year, and has reiterated its intention for a final decision on construction during the first half of 2021.
SPECIAL REPORT: Four prospective domestic gas projects will be key to ensuring adequate supply in WA in the next decade, despite new facilities recently starting up.
