The time lag with New South Wales and Victoria has served private businesses in Western Australia well with the state topping the nation in terms of profit growth, a new survey has found.
South Perth-based Central Petroleum says it will launch proceedings against joint venture partner Petroleum Exploration Australia after the latter failed to execute a key contract condition after Red Sky Energy joined as a partner.
The awarding of contracts for the massive Gorgon gas project is gathering pace with operator Chevron so far handing out about $7 billion worth of work, including the latest $810 million contract to Dutch group Boskalis.
The state government has committed $3 million towards improving power reliability for Ravensthorpe with a hybrid system comprising of renewable energy and diesel to be implemented.
The $50 billion Gorgon liquefied natural gas project will be a boon for the state, but Western Australia has not escaped unscathed from the global financial crisis, according to Access Economics.
Hannans Reward managing director Damian Hicks will go ahead with the listing of his other company, Scandinavian Resources, which will launch its $6.5 million initial public offer next month.
Lynas Corporation has selected United Group as its lead engineering contractor for its Mt Weld rare earths project in WA, after previous ongoing delays forced then contractor, Ranhill WorleyParsons, to demobilise its resources.
Sam Walsh has been appointed as chief executive of Rio Tinto's Australia operations and will maintain his position in the iron ore division, as the global mining company reshuffles its organisational structure.
Sandfire Resources managing director Karl Simich has sold 1 million shares to an unnamed North American resource fund, pocketing more than $3.5 million.
ENERGY giant Shell has asked a number of its Perth-based staff to reapply for their positions next week, as it pushes on with a global restructure to redress a doubling of its cost base since 2004.
HOUSING Minister Troy Buswell's reform proposals for public housing announced last week could not have come at a better time for national social housing provider Community Housing, which recently announced its intention to move into the Western Australian
THE revitalisation of former industrial land at South Beach in South Fremantle has passed a key milestone, as national property developer Stockland expects residents to move into its Islands apartment complex by year's end.
THE market is still digesting the latest jobs figures from the Australian Bureau of Statistics, which showed an unexpected drop in the unemployment rate for September with the creation of 40,600 new jobs, 35,400 of those full-time positions.
UNCERTAINTY over the federal government's carbon pollution reduction scheme has cast a shadow over the growth prospects for the carbon offsets plantation industry.
INDUSTRY has given a tentative thumbs-up to Energy Minister Peter Collier's report into the state's long-term energy security to help guard against potential major supply disruptions.
