World oil prices have fallen as investors reassess a political crisis in Iraq that remains concerning but is yet to result in crude supply disruptions.
Coalspur Mines has announced a major strategic review, including the potential sale of its flagship Vista project in Canada, or sale of the company as a whole.
Australian Sandalwood producer TFS Corporation predicts it will generate exports of $1 billion over the next decade as its oil fetches $5,000 per kilogram overseas.
Perth innovation and design company Orbital Corporation has reached a settlement with AAI Corporation over a dispute relating to past contracts that resulted in AAI withholding payment on outstanding invoices.
Aquila Resources’ share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Perth gold exploration firm Enterprise Metals has completed a capital raising of $1.2 million, which was achieved through the placement of 24 million shares valued at 5 cents per share.
National residential developer Stockland has added to its Western Australian portfolio, acquiring two parcels of land totalling 65.7 hectares in two transactions worth a combined $58.1 million.
Perth-based Safety Medical Products is focusing its activities back in the medical sphere, signing an agreement to acquire an unlisted 3D printing company six months after backing out of a deal to purchase a gold exploration project in Brazil.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Welfare cuts due to come into effect next week are in limbo with the federal government conceding it has run out of time to pass the measures through parliament.
Gold prices have risen to within striking distance of a 10-week high as some investors breath easier after the Federal Reserve stuck to a dovish monetary policy while others buy the precious metal amid worries about Iraq.
US stocks jumped to fresh records this week as the Federal Reserve's promise of continued low interest rates offset turmoil in Iraq that lifted oil prices.
Nickel and gold explorer Duketon Mines has outlined plans for a $6 million initial public offering in what will be just the second float by a Western Australia-based resources company this year.
Plans to open a Café Del Mar restaurant in Western Australia will not be derailed by a legal fight over who owns the trademark, according to the managing director of the Australian arm of the music-themed eatery.
Regional Development Minister Terry Redman has appointed Paul Whyte to the position of acting director general at the Department of Regional Development.
