Wesfarmers is set to acquire a coal development licence worth $70 million from Peabody Energy, in a purchase which the company says will boost its total coal reserves by about 29 per cent.
Paladin Energy managing director John Borshoff says the company's $US190 million sale of a minority stake in its Langer Heinrich mine vindicates a decision to walk away from sale negotiations last year.
Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
The Australian dollar has hit fresh three-and-a-half-year lows amid concerns over China's shadow banking sector and growing strength in the US economy.
American Express's solid earnings has helped pushed the Dow higher but the broader market has fallen after a mixed batch of corporate earnings and economic reports.
Moly Mines has announced another boardroom shakeup in the wake of the arrest in Hong Kong earlier this week of one of the company’s major shareholder’s senior executives.
An independent committee may have taken more than a year to review the Liquor Control Act and recommended 141 changes, but industry participants are skeptical over whether it will herald any business benefits.
Two Western Australian businesses are seeking to join the electricity retail market currently dominated by Synergy and the handful of companies licensed to sell to businesses using more than 50-meg
Mineral Resources has confirmed the sale price of its Christmas Creek plant, saying Fortescue Metals Group will pay around $300 million for the processing facilities.
Exploration firm Energia Minerals has launched a $2.2 million capital raising plan, to fund evaluation and development of its Carley Bore uranium project in the Carnarvon Basin.
PBD Developments, formerly known as Port Bouvard, has offloaded its Bandy Creek development site near Esperance for $1.6 million, while also announcing the sale of two more apartments at its Oceani
Uranium miner Paladin Energy’s stock has lifted on the ASX after the company announced it had refinanced its debt facilities for its Langer Heinrich and Kayelekera projects.
Perth Arena has been named as one of the world's top entertainment venues, ahead of iconic venues including New York's Madison Square Garden and London's O2 Arena.
Spending has risen across the Australian economy for 16 consecutive months and a lower Australian dollar, along with improving consumer sentiment, should provide a further boost this year.
The state government’s liquor licensing review has sparked a fascinating debate over corporate social responsibility, vested interests and Perth’s social and cultural development.
