Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.
Shares in junior explorer Padbury Mining have plunged as the company resumed trade and revealed details of its short-lived $US6.47 billion ($6.89 billion) equity funding deal to construct a port and rail network at Oakajee.
Chevron Australia managing director Roy Krzywosinski and Rio Tinto Iron Ore chief executive Andrew Harding have joined some of Australia's top business leaders in being honoured by the American Australian Association.
Woodside chief executive Peter Coleman has urged the company's shareholders to be patient, as it works through multiple challenges affecting its growth projects and its operating costs in Australia.
Less than three weeks after announcing it had secured $US6.47 billion ($6.89 billion) in equity funding to construct a port and rail network at Oakajee, junior explorer Padbury Mining says the deal is now dead.
The Perth Mint is set to spend $16 million to expand its manufacturing facilities, in response to increasing demand for bullion and precious metal blanks, which are used to make coins.
SPECIAL REPORT: The changing profile of the Water Corporation's $1 billion works program will present more direct opportunities for smaller contractors.
SPECIAL REPORT: With new project work from the resources and government sectors slowing down, contractors will need to look harder for work opportunities.
The state government has signed a native title agreement with the Ngarluma people of the Pilbara over land intended for a deepwater port at Anketell Point.
The reform agenda mapped out last week by the Economic Regulation Authority should become former treasurer Troy Buswell's greatest legacy to the state.
Padbury Mining has sought another extension to its suspension from trading, saying it needs more information from its mystery backer to determine whether they have the capacity to provide a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee.
Engineering and construction contractor Civmec opened its $20 million office at its headquarters in Henderson today as the company prepares to expand its workforce by 30 per cent.
Finally, after decades of dithering and empty promises there is hope the ambitious Oakajee port and rail plan in the Mid West will move beyond the drawing board, not that there will be a ground-breaking ceremony for a few more years.
Premier Colin Barnett says he can't see "a great deal of substance" in junior explorer Padbury Mining's claims it has secured a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee, as the company missed a self-imposed deadline to reveal its mystery backer.
A consortium led by international investment groups Brookfield Financial and John Laing has been named as preferred proponent to build Perth's new sporting stadium at an estimated cost of about $900 million.
SPECIAL REPORT: The state's major builders appear unfazed to be operating in what's considered among Western Australia's most competitive and closely monitored business sectors.
Premier Colin Barnett has launched a blunt attack on the gas industry, saying it doesn't understand Australia, had left his government swinging “high and dry” and needed to do more for the domestic market.
Western Australian voters will return to the polls tomorrow for a Senate election re-run which could have major consequences for the federal government's legislative agenda.
Alinta Energy has entered into negotiations to supply more Pilbara businesses with electricity following the termination of a long-standing state agreement, which restricted its ability to provide power.
Recent events in the business and political sphere highlight again the importance of having a good succession plan, a process that many leaders do not embrace or understand.
Gina Rinehart has virtually ensured her family's long-held dream of operating its own iron ore mine, securing final funding for her massive Roy Hill project.
Mike Nahan has been tasked with the difficult job of managing the state's finances ahead of May's budget, replacing Troy Buswell as treasurer in a cabinet reshuffle.
Western Australian magnate Len Buckeridge has died of a heart attack at his home at the age of 77 – leaving one of the nation's biggest construction and building materials businesses in the hands of his children.
Chevron Australia and the state government have signed a landmark deal to boost residential development in Onslow, near Chevron's $29 billion Wheatstone liquefied natural gas project.
Premier Colin Barnett will be forced to undertake another cabinet reshuffle in the lead up to May's state budget after the resignation of Treasurer and Transport Minister Troy Buswell.
Premier Colin Barnett has taken responsibility for the treasury and transport portfolios while Troy Buswell is on health-related leave for the next two weeks.
Former Labor minister Martin Ferguson has heralded floating liquefied natural gas as the wave of the future, urging the Western Australian government to work with developers like Shell, Woodside Petroleum, ExxonMobil and BHP Billiton.
SPECIAL REPORT: Former Verve Energy CEO Shirley In't Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.
SPECIAL REPORT: One of the Barnett government's most innovative social reforms, seeking to marry hard-nosed investment bankers with not-for-profit groups, is under review.
