Sino Gas & Energy Holdings has signed a term sheet with Macquarie Bank for a US$50 million loan, which will be used to support its joint venture entity’s working interests in the Linxing and Sanjiaobei production sharing contracts at the Ordos Basin in China.
Rail operator Aurizon has written off $19 million it has spent trying to develop an infrastructure solution for iron ore producers in the East Pilbara, including Atlas Iron and Brockman Resources.
Baosteel and Aurizon are set to take control of Aquila Resources after another major shareholder threw their support behind the $1.4 billion takeover deal.
Mining and energy sector exports are forecast to rise by just 2.6 per cent in 2014-15, with weakness in coking coal and iron ore prices offsetting strong growth in export volumes for most commodities.
Auditor general Colin Murphy tabled a report in parliament today that showed that while the royalties for regions program had provided substantial infrastructure and services to regional Western Australia, it is still unclear whether they are delivering their intended outcomes.
BGC's residential division is making its first foray into the eastern states, teaming up with one of Australia's largest home builders to address the nation's housing affordability crisis.
Gold producer Northern Star Resources said today it expects to lift 2015 production to 600,000 ounces, at the top end of its guidance range, after it more than doubled the resource at its Pegasus deposit at the Kundana mine.
More than 4,100 Western Australians will take part in the federal and state government versions of disability care, which will run in conjunction from next week.
From Irish backpacker to managing a national construction services business in just six years, 30 year old Declan White’s Monford Group was named the 2014 Telstra Western Australia business of the year.
The Aboriginal community that was at the centre of a major land rights dispute, sparked by oil exploration at a remote Kimberley cattle station in the early 1980s, has announced its support for a gas 'fracking' program planned by Perth company Buru Energy.
Gold prices have extended their two-month high as sustained worries about instability in the Middle East and dovish remarks from England's central bank prompt investors to buy the precious metal.
Cradle Resources has tapped the investors to raise $3.6 million, while also receiving the first $US5 million tranche of payment as part of its divestment of a 50 per cent stake in its Panda Hill niobium project in Tanzania to Tremont Investments.
I tend to think of competition policy a bit like defence: it requires eternal vigilance and strong proponents. There will always be those with a large interest in its absence, to the detriment of the many.
FEATURE: A Subiaco based-company is using marine drones and its global remote monitoring system to deliver benefits for the offshore oil and gas industry.
Perth exploration firm Hannans Reward has entered into a joint venture agreement with Reed Resources for 20 per cent interest in its Lake Johnston nickel sulphide project west of Norseman.
Western Australia’s aged care sector is preparing for major upheaval, including the entrance of investment-hungry private equity firms, as the most significant reforms in a generation take effect.
FEATURE: The state’s premier oil and gas training institute has joined forces with Northern Territory-based Charles Darwin University in the search for a training provider to tackle a looming oil and gas skills shortage.
FEATURE: The writing was on the wall, and has been for more than a decade. Royal Dutch Shell’s divestment of most of its 23 per cent stake in Woodside Petroleum last week surprised few in the business community.
Perth based hydrocarbon production firm Antares Energy has announced it intends to place 9.75 million convertible notes at an issue price of $2.00 per note to raise $19.5 million.
