Nexus Energy has placed its Crux oil project on hold and extended a voluntary suspension of its shares as the company seeks funding after an asset sale process fell through.
Credit squeeze – WA seeks federal help to raise $1.3bn; Rio slashed $277m off value of Kwinana HIsmelt project; Euroz client was unaware of Opes danger, court told; Mortgage freeze for the jobless; Axa in $660m capital raising
Azure Minerals has raised just over $1 million through a renounceable rights issue with shareholders subscribing to around one-third of shares on offer.
Three Western Australian resource companies are today on the hunt for capital with trading of shares in both Otto Energy and Eleckra Mines halted and Berkeley Resources unveiling plans to raise $10 million.
Litigation funder IMF (Australia) will pocket some $5 million following an unconditional settlement of a claim against certain directors of Centaur Mining, which formerly owned the Cawse nickel operation in the Goldfields.
The Perth director of global engineering company Connell Wagner hopes its merger with two South African companies will boost the chances of winning work on major projects.
Territory Resources has taken a sizeable $38 million hit to its half-year earnings with the iron ore miner reporting an interim net loss of $33.3 million.
Asciano sell-off plan as debts bite deeper; Big Rio holder damns sell-out; Brains behind new Macquarie model; Miner puts 5000 jobs on the line; China spree puts heat on foreign investment rules
Western Australians are most likely to be concerned about the state of the economy than other states or territories, according to the Sensis Consumer Report released today.
The marketing arm of the North West Shelf Venture has extended the relationship with customer Kansai Electric Power Company, which will buy a further 3.3 million tonnes of liquefied natural gas.
Mirabela Nickel plans to raise some $38 million more than the required amount of its debt facility condition in a bid to complete development of its Santa Rita nickel project in Brazil.
Mining services company NRW Holdings has received a letter of intent for a $57 million contract from Fortescue Metals Group for overburden mining and ore-rehandling at the Christmas Creek site.
South Australian Resources Minister Paul Holloway says the state is prepared for increased competition for investment dollars over uranium assets after Western Australia dropped its uranium mining ban.
Wesfarmers' coal division, Premier Coal, has bought a further 30 per cent interest in Blackham Resources' tenements that surround the existing Scadden Energy joint venture near Esperance.
The Andrew Forrest-led Poseidon Nickel has confirmed it is in talks with Russian miner Norilsk Nickel about the possible acquisition of the Cawse nickel operation in Western Australia.
Perth firm Christensen Vaughan will merge with the Perth operations of national legal firm Gadens Lawyers to form an expanded commercial legal practice in Western Australia.
State to shed 500 public servants; Rio Tinto deal faces extra scrutiny; Jobs plan to save lost generation; House sales crash as spooked owners stay put; G20 baulks at US push for spending
Independence Group executive director Kelly Ross has sold $771,757 worth of shares, with funds from the sale to go to the tax man after the conversion of some options.
Congestion at Port Hedland Inner Habour is expected to ease mid next year as construction work officially starts on the new, $225 million public access berth at Utah Point.
The friendly merger between Scimitar Resources and Jackson Minerals has been deemed to be in the best interest of the latter's shareholders following an independent valuation.
BHP Billiton has sold its interest in two oil fields, near the Van Gogh oil field off the coast of Western Australia, to Japan's Inpex and Apache Energy.
Perth remains among the most expensive in the world for office accommodation, however, a new research report released by DTZ has forecast a decline in occupancy costs in the year ahead.
Job losses worst for 18 years; NAB boss initiates an evolution; Former mining boom states bereft as GST goes south; Contractor Nash set to buy Minjar gold for $13.6m; Financial wizards feel the heat
A federal goods and services advisory body has recommended a $311 million cut in Western Australia's shares of GST revenue for the 2010 financial year.
Some seven months after he was appointed to the helm of Golden West Resources, chief executive David Rose will step down as the company seeks to conserve cash.
Western Australia Labor Senator Glenn Sterle has confirmed he has "annoyed the living daylights" out of Alannah MacTiernan in his bid to persuade the state Labor MP to move to federal politics.
Australia's export earnings from energy and mineral resources increased by 9 per cent to a record $47 billion in the 2008 December quarter, according to lastest statistics from ABARE.
