Herald Resources has reiterated its rejection of a takeover bid by Jakarta-based PT Bumi Resources despite another major shareholder advising it will accept the offer.
Western Australia is set to receive first funds from the Rudd government's $650 million Jobs Fund, with the bulk of the funds to go to projects in the south west of Perth.
Nexus Energy has raised $31 million from an instiutional placement with funds to be used for ongoing development of its 85 per cent owned Crux liquids project off WA and Longtom gas operation in Victoria.
Delays have prompted Stirling-based ComputerCORP to terminate its acquisition of private east coast outfit S Central while it seals the deal on another purchase.
Perth will be home to the country's fastest wireless broadband service early next year as the Seven Network commits $50 million towards the rollout of the 4G network.
Panoramic Resources' net profit has slumped 89 per cent to $5.6 million for the year to June 30, down from $53.3 million the previous year after the company's revenues receded on the back of lower nickel prices.
West Perth-based Marengo Mining has welcomed several global investment funds, including Soros Funds Management, onto its register after it raised more than $16 million through a share placement in North America.
Moly Mines has jumped the final logistical hurdle for its $9.4 million Spinifex Ridge iron ore project in the Pilbara after securing port space at the new Utah Point facility in Port Hedland.
Uranium producer Paladin Energy has posted a $US480 million loss for the year to June 30 on the back of large impairment expenses but remains positive about its current operations and growth opportunities.
The state's largest health insurer HBF is forecasting a loss of $115 million for the 2009 financial year but says it has strong financial reserves, accumulated during recent years, to weather the financial downturn.
Perth-based business publisher Aspermont has posted a solid increase in revenue and underlying earnings but one-off restructuring costs have pushed its net result to a loss of $484,000.
With poor health practices costing business more than $7 billion, Western Australian employers are being urged to consider the health of employees, with the launch of the Healthy Active Workplace policy today.
West Perth-based Barra Resources has raised $3.5 million through an oversubscribed placement to advance drilling on its key Mt Thirsty nickel and Phillips Find gold projects in Western Australia.
Ratings agency Standard & Poor's has suggested that state-owned energy retailer Synergy 's credit rating is likely to come under pressure when the government proceeds with changes to its power purchase contracts.
The federal government has established an employment taskforce to help staff future resource projects, including the upcoming Gorgon gas venture in Western Australia.
The federal and Western Australian governments have offered five production licences for the liquefied natural gas fields of the Gorgon project, Prime Minister Kevin Rudd says.
Balcatta-based Conquest Mining says it is currently in negotiations for an $80 million debt facility as it receives an offtake proposal from a Chinese smelter for its Silver Hill gold-silver-copper project.
Herald Resources has urged shareholders to reject Jakarta-based PT Bumi Resources' takeover bid, saying the offer is only a quarter of the price the shareholder paid 12 months ago for control of the West Perth company.
A further study to enhance the economics of Toro Energy's Wiluna uranium project in Western Australia has shaved 17 per cent off the capital cost to $162 million.
Scooter manufacturer Vmoto has delivered its fourth successive year of revenue growth but has posted a $4 million loss for the 2009 financial year, largely attributable to the development of its new facility in China.
The Federal Court has dismissed another claim from Cape Australia Holdings, which, on this occasion, was seeking relief from nine former employees who left Cape's PCH Group to start rival scaffolding company, Modern Access Services.
Brandrill has reported a 75 per cent slump in its full-year net profit on the back of a steep fall in revenues and tightening of competitive pressures on margins in the second half of the 2009 financial year.
West Perth-based Northern Iron plans to raise $61.4 million through a rights issue and has selected a new chief executive following a cost blowout at its iron ore project in Norway.
VDM Group has reported a loss of $106 million for the 2009 financial year on the back of hefty writedowns coupled with weak business confidence and highly competitive tendering.
Tap Oil has rejected speculation that its legal battle with Burrup Fertilisers could result in damages worth hundreds of millions or even billions of dollars, instead putting its maximum liability at $US20-25 million.
The state government is to create a new department dedicated to training and will rebrand Tafe colleges as part of plans to ensure the state's skills base has the appropriate attention as WA gears up for a big rise in economic activity.
