Shipbuilder Austal has signed a $305 million contract to build and maintain Pacific Patrol Boats for the Australian government, however the contract's price tag was smaller than what the Commonwealth had flagged.
The state's shipbuilding industry has had a big win, with the federal government selecting Austal to build 21 Pacific Patrol Boats at its yard in Henderson in a contract worth at least $500 million.
A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.
Mark Pownall and 720Drive presenter Jane Marwick speak with Austal CEO David Singleton, X-press Magazine founder Joe Cipriani and Kalgoorlie-Boulder Chamber of Commerce & Industry CEO Hugh
Austal has doubled its interim dividend after growing revenue and boosting its cash flow, despite posting a 41.8 per cent fall in profit for the six months to December.
The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.
Local miner Poseidon Nickel has put its Lake Johnston operation near Norseman on care and maintenance, reduced its staff and cut board member salaries as it awaits improvements in the nickel price.
Independent schools across the state are benefiting from the experience some of Perth's most prominent business leaders have brought to their boards, providing greater diversity and structure to the decision-making process.
Shares in Poseidon Nickel have surged after it announced it had agreed to buy Norilsk Nickel's Lake Johnston nickel project, located west of Norseman, for an undisclosed amount.
Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel's Black Swan project near Kalgoorlie for an undisclosed amount.
Poseidon Nickel has hailed new drilling results at its Windarra nickel project and outlined plans to resume drilling in coming months, which meant it expected to re-engage contractors who had finis
Poseidon Nickel says its historic Windarra nickel mine will cost $197 million to re-start, with a feasibility study flagging a 10-year mine life and first production in 2014.
THE drama that has enveloped the elite Methodist Ladies College in Melbourne over the past month has done more than put this private institution under an uncomfortable glare of public examination;
South African company Murray & Roberts Ltd has taken firm control of local engineering and construction group Clough Limited by replacing chief executive David Singleton with its own nominee.
A mini boom in New Zealand's small oil and gas industry has been remarkably fruitful for engineering and construction companies in Western Australia, with Clough being the third local company to sign a major contract across the Tasman.
Perth engineering and construction company Clough Ltd and US-based Haliburton subsidiary Kellogg Brown & Root Pty Ltd have been awarded a contract to design and construct the new Kalgoorlie reservoir in alliance with the Water Corporation.
