Latest Headlines

Bedding franchiser Joyce Corporation has reached a deal to sell its Queensland property for $9 million, some $500,000 more than its valuation at the end of the 2008 financial year.

US forced to save Citigroup; Unions regain power to bargain; Babcock deal fails as execs resign; Time to strike for rights, say unions; Scarborough gets nod for 12 storeys

Yilgarn Infrastructure has continued its rearguard bid for a slice of the planned Oakajee port and rail project, claiming today that its Chinese partners would not work directly with the government's preferred bidder.

Bassendean company Verriers Engineering Services has won the Prime Minister's award for the best small business of the year in the Australian Training Awards.

Civil contractor Brierty has warned shareholders of a slower second half for the 2009 financial year as customers, including Fortescue Metals Group, defer work.

Perth-based Mirabela Nickel has extended its $127 million bridge financing facility with Barclays and Credit Suisse to June next year.

The state's mining sector weighed heavily on the market capitalisation of Western Australian stocks, which lost $36 billion during October, a survey has found.

The global economic turmoil has prompted nickel miner Independence Group to stop its on-market share buyback in a bid to maintain cash reserves.

West Perth-based IronClad Mining has entered into an agreement with a Chinese steel making company over the development of two of its iron ore projects in South Australia.

Redcliffe-based Global Construction Services has secured a $24 million contract for works at Brookfield Multiplex's City Square project in Perth.

Destined for a deficit; Property price fall worst in 25 years; Industry funds face attacks on unlisted valuations; Powers lock horns on crisis; Atlas digs in as big backers flex muscle

Perth-based Stirling Products are aiming to raise $210,000 in immediate capital raising, or up to $960,000 in total before expenses, through a placement of fully paid ordinary shares and convertible notes.

The Esplanade Property Fund is intending to put a proposal to shareholders to unlock value by delisting the fund from the Australian market.

An administrator has been appointed to Aluminex Resources by two directors of the company without the consent of the board.

Murchison Metals has disclosed that the state government is requiring it to include Chinese suppliers in its $1.5 billion Oakajee port and rail infrastructure project.

In response to research findings released by Curtin University yesterday, indicating that people on the minimum wage are as happy and medium-paid workers, the union responsible for a large percentage of Australia's low-paid workers have issued a statement

Western Australia is approaching the current global economic crisis from a position of strength with the strong growth in the resources sector having a widespread direct and indirect positive impacts on the economy.

Engineering firm, SKM has taken out the top prize at the Engineers Australia, Engineering Excellence Awards for its work on Rio Tinto Iron Ore's US$1.4 billion Dampier Port Upgrade in the Pilbara, with two Western Australians taking out individual honours

The state government is currently considering a proposal from Magellan Metals to export containerised lead through the Port of Fremantle.

The federal government's Equal Opportunity for Women in the Workplace Agency (EOWA) has recognised professional services firm, Deloitte as Australia's Leading Organisation for the Advancement of Women (500+ employees).

Cooper Energy has pulled out of the offshore Seruway Production Sharing Contract located in North Sumatra, Indonesia incurring a $19.8 million write-off for the oil producer.

A report from the Corruption and Crime Commission has not recommended prosecuting former Labor Minister, Tony McRae despite finding Mr McRae's actions involving lobbyist, Julian Grill constituted serious misconduct.

Exploration company Spitfire Resources has finalised its move to take on advanced coal projects in Tasmania with two key exploration licences, covering the Langloh and Avoca thermal coal projects, being granted.

Shares in Fortescue Metals Group jumped more than 15 per cent at market open after the burgeoning iron ore miner announced an increase in exports.

Phosphate Resources will shutdown its Christmas Island operations for more than six weeks over the the New Year due to a lack of demand from its Malaysian and Indonesia markets.

Share prices off 50pc in a year; We can avoid deficit - Swan; Banks seek guarantee overhaul; iiNet faces action over piracy; Housing finance skids

Perth-based sandalwood products company, TFS Corporation is expecting to deliver a profit increase of at least 15 per cent for the year ending 30 June 2009.

Minimum wage earners have far higher life satisfaction than the unemployed and they are also just as happy with their lives as medium wage workers, a study from Curtin University's Business School has found.

Speaking at Fortescue Metals Group's AGM this afternoon, the Perth-based mining company's chief executive, Andrew Forrest announced his company has enhanced long term contracts with its Chinese customers.

Apex Minerals has commenced commissioning of the plant and increased gold ore reserves at its cornerstone Wiluna mine, extending the projected life of the mine to four years.

West Perth-based Equinox Minerals has accepted handover of the process plant and related infrastructure at its Lumwana copper project in Zambia.

Macmahon Holdings has been awarded an $89 million dollar road contract for the Tiger Brennan Drive Extension Project in Darwin.