Latest Headlines

Atlas Iron is on track to achieve an annual production rate of 12 million tonnes after it signed a native title agreement over its $9.5 million Wodgina iron ore mine in the Pilbara.

Perth-based Web Ace faces a $1 million fine after the communications regulatory body found the internet service provider had deducted money from customers' credit card accounts without permission.

Mirvac Group's The Point, a residential and commercial precinct in Mandurah, has taken out top honours at this year's Urban Development Institute of Australia's awards while the Town of Claremont received a rising star gong.

Perth-based oil and gas company Amadeus Energy has bowed to disgruntled shareholder CVC's demands, announcing today that managing director Geoffrey Towner will step down and two other directors will resign.

Local consumers are becoming increasingly confident about an economic rebound in Western Australia in the year ahead, according to a new confidence survey.

Western Australia has again retained the title of being one of the least desirable mining jurisdictions in Australia with inefficient exploration and mining approvals processes at the centre of the state's poor performance, a worldwide survey has found.

Wesfarmers has raised $500 million via notes with a five-year term which it will use for general funding and to repay shorter term debt.

LandCorp is seeking Expressions of Interest for a head contractor to construct and manage the delivery of the dynamic Ord-East Kimberley Expansion Project's infrastructure.

The state government has announced two new appointments to the board of the South West Development Commission and named Augusta-Margaret River shire president Stephen Harrison as chairman.

Engineering and construction company Clough today announced that Andrew Walsh has resigned his role of chief financial officer and executive director and will terminate his employment on 30 September 2009.

The long-running saga of the Sons of Gwalia collapse has reached another milestone with the former mining company's auditor Ernst & Young agreeing to pay $125 million.

Aspen Group is pleased to advise that settlement of the hospital component of the Norwest Private Hospital development was completed on 3 September 2009.

Aurox Resources says it has secured a $10 million equity placement facility with US-based investment fund YA Global Master SPV, which will reduce the Subiaco-based company's medium-term funding risk.

Brazil-focused Mirabela Nickel has entered the top 200 club as Standard & Poor's conducts its quarterly rebalancing of Australian equity indices.

Perth-based Resolute Mining plans to raise up to $35 million through a convertible notes placement as it enters a conditional agreement Barclays Bank to restructure its debt facilities.

Perth-based Sandalwood grower and processor TFS Corporation has raised $28 million from an institutional placement with funds to be used to reduce debt and growth opportunities.

Fremantle Ports has embarked on its biggest infrastructure project for decades with the $250 million deepening of the inner habour to cater for bigger ships.

Former University of Western Australia researcher Dr Bruce Gray will be able to keep his $75 million stake in Sirtex Medical after the Federal Court today dismissed the university's appeal over ownership of the biotech's intellectual property.

Iluka Resources has cut a further 54 jobs at its Western Australian operations as the company moves to focus on its Victorian and South Australian projects.

West Perth-based Shaw River Resources plans to raise up to $5 million through a placement with its largest shareholder, Atlas Iron, backing the raising.

Subiaco-based Indago Resources plans to sell three of its projects and raise capital through a rights issue following an asset and operational review.

The two companies that manage Great Southern's olive groves in Western Australia have joined forces to develop proposals for the collapsed company's olive managed investment schemes.

Navigator Resources will press ahead with its acquisition of the Bronzewing gold operation after securing a $16 million debt facility and revealing plans for a $24 million capital raising.

Shares in Murchison Metals have surged as the company flags the potential to increase the scope of its Mid West iron ore operation after setting an additional exploration target of up to 1 billion tonnes.

Cash-rich Vulcan Resources and Universal Resources have announced a friendly merger, brining together copper projects in Finland and Queensland into the combined group.

Uranium explorer WildHorse Energy is diversifying into the coal sector through a deal that will see Mark Hohnen and Ian Middlemas join its board of directors.

LANDCORP has reduced land prices at its major industrial estates in and around Perth by up to 25 per cent, and introduced more generous financing terms to try and encourage investment in the sector.

THE opening of the International Centre for Radio Astronomy Research at the University of Western Australia this week is the next step towards WA potentially securing the $2.5 billion Square Kilome

A $50 MILLION markets and restaurant precinct plan for Morley is the latest in a string of tourism-focused developments by the Strzelecki Group.

IN a week during which Education Minister Julia Gillard reinforced education ties with India, an agreement between Edith Cowan University and India's Adesh Group has been signed, calming widespread

TWO prominent directors of Western Areas have pocketed more than $11 million from the sale of shares as unrelated company Western Areas Exploration makes its way on to the share register after a lengthy court battle.

MOLY Mines has revealed plans to raise at least $30 million as part of debt restructure plans and to fund the $10 million development of its iron ore deposit while it progresses its Spinifex Ridge