Perseus Mining has unveiled details of its third capital raising this year, with the gold hopeful planning to raise $58.5 million through institutional investors to take its Ayanfuri gold project through to construction.
The merger between Subiaco-based Sylvania Resources and Finnish company Ruukki Group has been terminated due to difficulties experienced with the merger implementation.
Shares in East Perth-based Legacy Iron Ore have surged 67 per cent higher after it entered into a potential joint venture deal with Lachlan Capital Partners over its Robertson Range and Hamersley iron ore projects in the Pilbara.
Woodside Petroleum remains confident of pushing ahead with its fast-tracked expansion of its Pluto liquefied natural gas project, despite missing out on third party gas supply agreements to rival LNG developer Chevron.
West Perth-based Sphere Investments has extended the sale process of a 51 per cent stake in the Geulb el Aouj iron ore project in Mauritania as $US500 million is shaved off the capital cost estimate.
Training Minister Peter Collier has today opened a simulated underground mine at Central Tafe, which will give students a taste of underground mining life without leaving the city.
Apache Corporation and Kuwait Foreign Petroleum Exploration Co have teamed up with Chevron over the $25 billion Wheatstone gas project, leaving Woodside Petroleum to look elsewhere for extra gas supply sources for its Pluto expansion.
The retail property space in Perth city is tightening up with vacancies in the CBD malls falling by more than 7 per cent while rents are pushed to an all-time high of close to $5,000 per square metres, a new report shows.
Red Fork Energy expects to make an additional $1 million each year in revenue after it struck a deal with a US company to market gas from its Pawnee prospect.
Shares in Sandfire Resources climbed higher today after exploration work pointed to a new discovery at its Doolgunna copper-gold project, 150 kilometres from Meekatharra.
Joint venture partners Nido Petroleum and Kairiki Energy have sold a combined 15 per cent interest in the Tindalo oil project in the Philippines to international commodities trader, Trafigura, for $12.7 million.
Property funds manager Aspen Group has started the first stage of construction at its 900-lot St Leonard's Estate in the Swan Valley, as it halves its debt following the completion of a recapitalisation process.
Growing demand for Western Australia's agricultural commodities from Asia and the Middle East has boosted exports to a new record of $6 billion for 2008/09.
BHP Billiton chairman Don Argus says Australia needs policies to ensure foreigners do not squeeze out locals to invest in the country's natural resources.
Galaxy Resources says it will award a key contract for its Jiangsu lithium processing facility after today revealing a slight increase in the operation's capital cost estimate of $55 million.
South Korea's Hyundai Heavy Industries and GE Oil and Gas have been awarded a collective $2.46 billion worth of work on the Gorgon gas project, taking the total amount of contracts awarded to just under $9.5 billion.
THEY may be accidents of history, geography and geology, but Western Australia's long-term economic future is all the more rosy because of its tremendous resources, located near the most important growth markets in the world.
THE Real Estate Institute of Western Australia is predicting Perth's median house price to remain steady over the next 12 months, while the rental vacancy rate is tipped to decrease slightly over the next quarter.
TIMBER industry group Forest and Wood Products Australia predicts the structural use of manufactured timber products will be an important future growth area for the Western Australian timber industry.
THE developers planning to turn land around Jandakot Airport into a major commercial and industrial precinct have shifted their focus to industrial tenants as the project nears a final environmental approval decision.
WHY is one hour so important in Western Australia? Earlier this year, the battle was over daylight saving, that magical hour of time difference that splits the electorate almost evenly down the centre.
