The Housing Industry Association has forecast that a significant recovery in housing starts in Western Australia is not expected until financial year 2010/2011.
Heavy equipment sales and rental company Emeco expects its 2010/11 earnings to be at the lower end of its earnings guidance of between $46 million and $53 million on the back of a stronger Australian dollar.
The state government's push for extended retail trading hours has started with the expansion of the Perth tourism precinct to include parts of Subiaco, Victoria Park and Mt Lawley, and the extension of closing times.
Gold and base metals explorer, Rubianna Resources has launched an initial public offer of 30 million shares at 20 cents each to raise $6 million to embark on drilling and exploration programmes across nine Mid West projects.
Gold exploration company Cortona Resources has announced plans to raise $10.3 million to accelerate the development of its Dargues Reef gold project in New South Wales.
Coote Industrial has today confirmed it has raised $30 million from a share placement and will raise a further $10 million through a share purchase plan.
A company that was founded by former Perth resident Frank Timis has reportedly been fined a record $1 million in the United Kingdom over a number of misleading stock market announcements.
Tox Free Solutions has raised $20 million from an institutional placement and plans to raise a further $5 million through a share purchase plan as the company prepares for works under its Gorgon contract.
Cape Lambert Iron Ore has officially launched its plans to spin out the Lady Annie copper mine into new company Q Copper, which will soon open its $214 million initial public offer.
Miner Perilya has launched a $55 million fully underwritten rights issue with funds to be applied towards organic growth and deliver projects that will complement its existing operations.
The battle for the hearts and minds of Great Southern scheme investors has escalated with Gordon Martin returning to the table with a revised offer and a new partner, Nick Tana.
Matrix Composites and Engineering made a strong debut on the local stock market today, with its shares closing at a 36 per cent premium to its issue price.
Former Environmental Protection Authority chairman Barry Carbon has today been appointed to the board of Bauxite Resources, which is currently awaiting approval for its bauxite operation from the Department of Environment.
A revitalised Macmin Silver will list on the local stock market tomorrow as Alcyone Resources, a year after it fell into administration on the back of the global financial crisis.
The expansive property investment group built up by West Perth-based SAS Global has collapsed, with four more entities being placed in administration this week following the recent failure of SAS Global Baldivis.
Norwegian aluminium company Norsk Hydro has abandoned its bauxite mining plans in the Mitchell Plateau region to the north Kimberley, giving back its mining leases to the state government.
A growing volume of WA contracts has prompted engineering and infrastructure company AJ Lucas to open a Perth office as it today secured a $95 million contract for works at the Gorgon gas project.
Galaxy Resources has received environmental approval for its Jiangsu lithium carbonate plant in China, which is expected to have a small environmental footprint.
Toro Energy could potentially expand the uranium footprint at its Wiluna project in Western Australia after it acquired two nearby uranium tenements from Liberty Resources for $1 million.
Leighton Holdings, in joint venture with Italian company Eni, has secured a $900 million contract to develop the liquefied natural gas jetty and marine structures for the Gorgon project.
A Bibra Lake-based transport company has been fined $30,000 in relation to a workplace incident where a mechanic had his legs crushed under the wheels of a truck trailer driven by one of the directors of the company.
A substantial fall in the state's unemployment rate to 5 per cent has sparked concern that WA is not ready for the next wave of growth, with a business lobby group projecting a shortfall of 150,000 workers within seven years.
HAVING maintained strong results despite the economic downturn, accommodation providers in the state’s north-west face a fresh problem, with a potential oversupply of new hotels and increased room availability.
I CONSIDER myself to be a devoted Western Australian.Perth born-and-bred, I thought I’d seen most of what this glorious state has to offer in terms of tourism experiences.
INVESTORS in the SAS Global group’s property companies face a dire outlook after at least one company was placed in administration last week and two others were forced to cancel restructuring plans.
HERITAGE-LISTED residential properties have proved to be just as valuable as an asset as similar non-listed properties, according to new research undertaken by the Australian Property Institute.
