A leading economist believes the record $50 billion Gorgon liquified natural gas deal with China could lead Western Australia into a "symbiotic" relationship with the Asian giant while the Greens reiterated the deal hasn't received environmental approval.
Engineering and construction company, AusGroup has delivered record earnings thanks to it work in the resources sector over the last 12 months, with revenue and profit surging 26 per cent and 52 per cent respectively.
Globe Metals & Mining has teamed up with South African engineering outfit, Thuthuka Group to invest $US10.6 million into Globe's Kanyika Niobium Project, in return Thuthuka will receive a 25 per cent stake in the project.
Gold exploration company Tianshan Goldfields has agreed to sell all of its Chinese assets to Hong Kong-based company China Power Sino Renewable Resources for $US22.5M.
Mineral sands producer Iluka has posted a net losst after tax loss of $55.8 million in the half year to June 30 after cutting production earlier this year and selling its interest in Consolidated Rutile (CRL).
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The state government has earmarked the future possible use of geothermal energy to power homes and businesses in Perth following the recent awarding of the first geothermal exploration permits in the Perth Basin.
Engineering services provider, LogiCamms has announced a 59 per cent increase in after tax profit, reaching $4.6 million on the back of a strong second half performance.
West Perth-based nickel miner Western Areas has announced a $35 million loss in the year to June 30 as a result of weak nickel prices, delayed sales and continued investment in its expanding nickel operations.
The push for extended retail trading hours in Perth is doomed to fail after the Labor opposition decided to oppose the move, joining the Nationals who also oppose change.
Three regional Western Australian companies have led the country in collectively receiving the greatest funding allocation from the first round of the federal government's $35 million Regional Food Producers Innovation and Productivity Program (RFPIPP).
Brockman Resources has gained environmental apporval for its Marillana iron ore project in the Pilbara, where the company aims to establish a 17 million tonne per year mining operation.
Shares in iron ore pellet producer Grange Resources fell after it unveiled plans to raise $167 million in new equity in a deeply discounted offer to key stakeholders including a Chinese investor.
Civil and mining contractor Brierty has returned to the black with an annual net profit of $6.7 million, compared with its $1.3 million net loss in the 2008 financial year.
Despite building products group James Hardie Industries NV posting a loss for the first quarter of its fiscal year, due to weakness in the US housing construction market and the general economy, ea
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Three partners of KPMG's Perth office, Brett Fullarton, Robert Kelly and Grant Robinson, have agreed to stop practicing as auditors for between nine months and two years following their involvement in the collapsed Westpoint investment group.
Drilling services company Imdex has posted significant profit fall for the year ending June 30, which the company attributed to the impact of the global financial crisis and the downturn in mineral exploration.
Perth-based property fund manager Aspen Group has raised $10 million from investors in its embattled Diversified Property Fund, leaving the company to raise a further $5 million to meet its minimum loan obligations.
Fortescue Metals Group says a proposed $US6 billion funding agreement with Chinese banks will give it optimum flexibility to expand its Pilbara iron ore operations to meet demand from Chinese customers.
Southern Cross Electrical Engineering have posted a record net profit after tax of $15.5 million, an increase of more than 36 per cent, thanks to record revenues of more than $100 million, up by more than 19 per cent on the previous year.
Mining services companies Brandrill and Ausdrill have proposed a friendly scrip merger to create whay they say will be a larger, more diverse company able to better serve existing clients and with greater financial capacity to fund future growth.
Chevron Australia has been awarded a deepwater exploration permit to conduct initial surveys and then drilling at a potentially vast hydrocarbon basin which it jointly owns with Shell Development.
Japan, the world's second largest economy and WA's second largest trading partner has joined Europe's two biggest economies, Germany and France in recording positive economic growth in the June quarter.
Perth-based engineering and construction company Clough has acquired Houston-based subsea engineering firm Ocean Flow International LLC, giving Clough a foothold in the oil and gas capital of the world.
Australia's third largest internet service provider, iiNet, has posted a 28.8 per cent jump in full year profit after lifting subscriber numbers and says it is well placed for the current financial year.
Iron ore miner Fortescue Metals Group has agreed to a price for all the iron ore it sells to Chinese steel mills for the six months to the end of December.
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Positioning for long-term control of the Farooq Khan-chaired investment company Bentley Capital is under way, with shareholders notified today the board would seek a limited share buy-back.
