Perth-based Arafura Resources has become the latest miner to sign an investment deal with a Chinese company, which has agreed to inject at least $8 million in return for a major shareholding.
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Stirling Resources has expanded its resources investments with a $4.8 million investment in the assets of collapsed mineral sands miner, Matilda Minerals.
Miner Aditya Birla says it is exploring various funding options after it revealed it will be hit by $112 million in liabilities on the back of the falling copper price.
A scoping study into Scotgold Resources' Cononish gold and silver project in the United Kingdom has confirmed the economic potential of the operation, which has estimated capital costs of $27 million.
Western Australia will not be immune from Japan's worst economic slump since World War II, however demand will continue for key commodities iron ore and liquefied natural gas, an economist said.
Atlas Iron says it has the opportunity to defer $20 million in mine establishment costs after it entered into a deal to access infrastructure that can support its Abydos iron ore project in the Pilbara.
Analysts at Hartleys have lowered its full year net profit forecast for Imdex but retained its Buy recommendation on the back of strong potential growth opportunities for the mining services company.
Shares in South Perth-based Central Petroleum soared 56 per cent before entering a trading halt, following a report that more than a trillion tonnes of coal could be extracted on the South Australia and Northern Territory border.
Monadelphous Group says it will accelerate efforts to expand further into the oil and gas and infrastructure markets amid the slowing minerals sector, as it posts a record interim net profit.
After nearly three months in a trading hiatus, shares in OZ Minerals have jumped as much as 33 per cent in early trade today, boosted by yesterday's $2.6 billion takeover by China's Minmetals.
OZ Minerals agrees $2.6bn Chinese bid; Watchdog slams power merger; Wary Wesfarmers sees glimmer of hope for Coles; Windimurra on the brink as directors quit; Tax hike to fund dental care plan
The West Australian Symphony Orchestra has announced that this year's tour of Japan, which was backed by the North West Shelf gas joint venture, will not proceed due to the downturn in the Australian and Japanese economies.
A Chinese white knight for Oz Minerals may give stressed shareholders some relief but it will only add to the mounting pressure on federal Treasurer Wayne Swan who has the final word on foreign investment.
Crane supplier Boom Logistics has put WA's economic performance in perspective, announcing that it will slash the number of cranes it has in Victoria while increasing the number in WA by one.
Russian mining giant Norilsk Nickel is planning to close all of its mining and exploration operations in Western Australia, resulting in the loss of about 330 jobs.
Wesfarmers has confirmed a sharp downturn in earnings in two of its Perth-based business units, with the energy and chemicals & fertilizer divisions both adversely affected by last year's Varanus Island gas explosion.
Work/life balance and pay are usually rated as key workplace issues but a new Australian-based study of 2,400 people has found other issues that really get employees riled.
The state government's plan to force amalgamations of small local councils could be blocked in parliament after Labor leader Eric Ripper said today his party would oppose the plan, a move that would be supported by the WA Local Government Association.
Cost-cutting measures have reached new heights with Osborne Park-based Northern Mining going to extremes to reduce the company's overheads and its ongoing operating costs in light of the current economic environment.
Nickel miner Western Areas is seeking to finalise a new offtake arrangement after announcing a major restructure of its old offtake agreement with Norilsk Nickel, which is closing its Australian mining operations.
Wesfarmers Ltd has reported a 46 percent rise in net profit saying its businesses have weathered the global economic crisis but as expected its earnings per share have slumped.
Perth-based car retailer and logistics company Automotive Holdings Group has posted a $1.8 million loss for the half-year to December 2008, as a result of a modest decline in operating profit combined with impairments and write-downs.
Some 68 employees at CopperCo's Lady Annie mine have been stood down today as record rainfall and significant flooding in Queensland bring operations to a halt.
