Shares in Mount Gibson Iron have jumped 40 per cent on the government's approval for two Chinese companies to subscribe and underwrite a $162.5 million capital raising.
The state government will ask the private sector to submit proposals for the expansion of Exmouth Boat Habour, which is increasingly catering for super-yachts and ideally placed to service the oil and gas industry.
Redbank Mines has listened to the advice of its largest shareholder, Michael Kiernan, with the spinout of its Fiji project into a separate, dedicated gold vehicle.
Subiaco-based Rox Resources has entered into an agreement with a Chinese minerals company for the majority sale of its Myrtle zinc-lead project for $12.5 million cash.
Banks agree to extend Centro's $5bn debt; CBA seeks $2bn in late dash for cash; Industry revolt on green plan; Telstra hit again; Burrup counts the cost as gas supply comes back on stream
US stocks soared on Tuesday as investors cheered the Federal Reserve decision to cut its key rate to near zero and its pledge of more steps to revive economic activity.
The Department of Treasury and Finance is set to take on more responsibilities as the Department of Housing and Works joins the list of government agencies to be split.
Cape Lambert Iron Ore says any discussion to acquire more assets remain confidentional and incomplete as reports reveal the company has been in talks over OZ Minerals and CopperCo's assets.
Brisbane-based Intrepid Mines is set to benefit from a full exposure to the gold price as it closes its hedge book for its Paulsens gold mine in Western Australia.
Subiaco-based Red Emperor Resources plans to raise $25 million early next year as it enters into an agreement to acquire a majority stake in a Russian project for nearly $14 million.
The state government will inject an extra $400 million over the next four years into the royalties for regions scheme as the policy that tipped Premier Colin Barnett into power is officially launched today.
Western Australian borrowers are going back to basics when choosing a loan to finance property, with basic variable loans surging 2 percentage points to 36 per cent and variable loans representing 80 per cent of all loan approvals.
Fortescue Metals Group says it is reviewing the legal status of its shipping contracts as it reveals today that disputes have arisen from a decision to suspend two-thirds of its long-term ship charter contracts.
Gas giants win millions in carbon scheme compo; Telstra barred from broadband; Investors on edge as Centro talks drag on; Mine exports slashed by $30bn; Property slump is building
The federal government's white paper on emissions targets has received mixed responses from lobby groups and companies across the country, while one of the loudest critics of the scheme keeps relatively quiet.
West Perth-based Red Hill Iron says it will review its legal options over its participation rights to share in port and rail infrastructure of the West Pilbara iron ore project, spearheaded by Aquila Resources.
Western Australia's economy is expected to slow by almost 40 per cent in 2008/09 and nearly 50 per cent the following financial year as the fallout from the global financial crisis impacts the state and demand for resources commodities wanes.
Mining and market groups have called the federal government to fast track the implementation of its promised investment incentive scheme that is expected to encourage mineral exploration.
The state government has confirmed that the University of Western Australia will be the headquarters of a new $20 million radio astronomy research centre that is designed to help WA win the $2.5 billion Square Kilometre Array project.
The weaker Australian dollar is expected to provide a buffer for Australia's commodity export earnings, which is forecast to drop by over 10 per cent for the 2009 financial year.
Manganese miner OM Holdings has revealed it has suspended shipments at a loss of over $12 million in response to weaker market conditions, which has also prompted a 30 per cent cut to annual production next year.
Premier takes on Mid West port push; Barnett says power merger has merit; $1.4bn to soften pain of carbon trading scheme; Arabs in multi-billion plan to buy WA farms; Up in smoke - share funds set for worst year on record
Premier Colin Barnett says he is "thrilled" with a federal government infrastructure package, which includes $195 million for the Ord River Irrigation Scheme but has very limited contributions for other projects in Western Australia.
Shares in Andrew-Forrest-led Poseidon Nickel jumped as much as 30 per cent today on news the company had entered into exclusive talks to acquire a "significant" nickel project in Western Australia.
Grange Resources shareholders have overwhelmingly voted in favour of its merger with private Tasmanian magnetite iron ore pellet producer Australian Bulk Minerals.
