Latest Headlines

Federal Treasurer Wayne Swan has defended Treasury's growth forecast, saying it does not conflict with more pessimistic predictions by the World Bank and the Reserve Bank of Australia.

Property prices in most capital cities including Perth have plummeted in the September quarter, with house and unit prices flattened or posting negative rates of return in the past 12 months.

Investors rush to pour $3bn into NAB; 'Green car' drive in Rudd's industry rescue; Community bars bureaucrats to protest Beagle Bay gas plan; Liberty chairman quits uranium hopeful over self-interest issues; World buoyed by surprise stimulus package

Perth-based Oroya Mining intends to raise over $1 million through a renounceable rights issue to continue it's exploration projects around the country.

Commerce Minister Troy Buswell will recommend Western Australia opts out of joining a national industrial relations system that would refer its industrial relations powers to the Commonwealth.

Perth-based Stirling Products has terminated some of its existing contracts and put plans on hold with a number of other separate organisations.

Rio Tinto is confident about the future demand from China for iron ore despite announcing today it will scale back production at its operations in the Pilbara region by 10 per cent.

Nido Petroleum has delivered its first cargo of almost 300,000 barrels of Galoc crude oil to the Petron refinery at Limay, Philippines.

Avalon Minerals is hoping to raise $2 million through the placement 20 million shares at 10 cents per share to progress drilling and feasibility studies at its flagship Viscaria Copper Project, located in Northern Sweden.

The federal Workplace Ombudsman has put 200 of Western Australia's premier wineries and vineyard contractors on notice that they will be subject to a series of random audits.

The federal government's $6.2 billion investment in the car industry has been applauded by car makers around the country and the unions representing more than 60,000 employees tied to the car industry.

Herald Resources has secured a standby loan facility for up to US$30 million from PT Bumi Resources TBK.

Western Australian agribusiness improved in the September quarter with further improvement expected in the December quarter.

Neptune Marine Services has been awarded two repair projects in the Gulf of Mexico worth almost $15 million.

Cooper Energy has become the major shareholder in Incremental Petroleum, purchasing a share of almost 27 per cent in the company.

Atlas Iron has hauled the first iron ore shipment from its Pardoo Iron Ore Project to Fortescue Metals Group's port facilities in Port Hedland.

Mine employment caves in; WA gas demand to double; Uranium's still hot despite Rio's slowdown plans; Pressure on US to bail out car giants; Obama demands new rescue plan

Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.

Less than two months after it floated on the Australian market, Perth-based Aluminex Resources will delist after a technical glitch with its initial public offer.

RESOURCESTOCKS magazine has named its best performers in the Australian resources sector for 2008 in its Best of the Best Awards.

West Perth-based miner Kagara has been granted an extension to its $100 million facility by the National Australia Bank while Westpac has provided a $50 million facility.

A new power station in Naval Base opened this afternoon, ensuring a capacity boost of 10 per cent to Western Australia's power supplies.

The federal government has announced details of a new financial literacy program designed to help young people make decisions about insurance and superannuation in their future.

Perth company Beta Pharmaceutical hopes to list on the local market at a later date after the ongoing economic volatility forced it to withdraw its $5 million initial public offer.

Mining contractor Macmahon Holdings has downgraded its annual growth forecast for 2009 to between 10 per cent to 20 per cent growth as the economic crisis delays projects.

ASX-listed Po Valley Energy Limited has been granted six-year gas exploration licences for its La Prospera and Terra del Sole prospects near Bologna in northern Italy.

Burke charged with corruption; State projects get the axe as cash dries up; Receivers refuse to guarantee ABC child-care centres will stay open; ASIC won't intervene in Incremental bid; Rudd goes local with $1bn spend

The Water Corporation has named Sue Murphy as its new chief executive, replacing Jim Gill who retires at the end of the year after a 12-year reign.

iiNet managing director Michael Malone has warned a Senate Committee that the federal government's national broadband network is doomed to be a huge monumental failure and a waste of $5 billion of taxpayers money.

Shareholders in Jupiter Mines will decide whether to hand control of the company to the Brian Gilbertson-led Pallinghurst Resources, which intends to spend $50 million to advance Jupiter's projects.

Global miner Xstrata has boosted its interest in West Perth-based Pioneer Nickel and has agreed to provide over $1 million to the company to explore the Acra project in Western Australia.

Bentley-based waste recycling company AnaeCo has teamed up with a private firm to explore the feasibility of expanding its DiCOM waste processing facility to the eastern states.