Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
The effect of banks tightening the purse strings on small to medium enterprises could seriously hamper the Australian economy in the long term, East & Partners' latest SME Banking Markets Report reveals.
Mines and Petroleum Minister Norman Moore has not given up hope the state can still benefit from Inpex's multi-billion dollar Ichthys liquefied natural gas facility.
Perth-based Mission NewEnergy Ltd has produced first bio-ethanol from non food agricultural waste material, which sets up the company to produce the fuel from a range of low-cost and readily available feedstock.
Consumer watchdog Choice has today launched a campaign to find an alternative buyer for BankWest, which has accepted a $2.1 billion takeover from the Commonwealth Bank of Australia.
Clough Ltd has signed a $56 million agreement with Superior Energy Services Inc to charter the newly built Rem Clough and provide associated subsea services.
Perth has recorded the biggest fall in house prices over the past year as latest figures from the Australian Bureu of Statistics confirm a slowdown in the national housing market.
Western Australia has recorded the biggest drop in newspaper job advertisements for October, in line with the national decline as firms shied away from hiring staff in a slowing economy, a survey says.
Shares in Atlas Iron Ltd have jumped over 30 per cent on news the miner is on the verge of signing a long-term off-take deal as it sells its first iron ore shipment from its Pilbara project.
Mount Gibson Iron Ltd has entered into several offtake deals with two Hong Kong listed companies, one a major shareholder, as it plans a $162 million capital raising that is fully underwritten.
Molybdenum miner Moly Mines today announced the Spinifex Ridge Molybdenum Project was poised for immediate implementation, despite the economic slowdown.
Talks start on WA uranium mining; China output slows as exports fall; Vale set to slash iron ore output; Jobs to go as squeeze hits car dealers; Unions shape up for Telstra strike action
West Perth-based Industrial Minerals Corporation Ltd will explore funding arrangements for the development of its $67 million US project after its joint venture partner pulled out.
The legal battle between Oil Basins Ltd and ARC Energy Ltd has been resolved, with the Canning Basin joint venture partners agreeing to a new arrangement.
Advanced Engine Components Ltd has entered into a potential 10-year purchase deal with India's Tata Motors Ltd that is estimated to generate over $30 million in revenue over three years for the Malaga-based company.
Takeover target Perilya Ltd said an update on resources at its downsized Broken Hill lead and zinc mine could "significantly" extend the mine's life, based on conservative metals prices, beyond the previously advised three years.
The Western Australian housing market is tipped to bottom out this December quarter as new homes sales during September jumped 19.5 per cent, however Perth remains the worst performer in property values.
Westpac outshines its rivals; RBA plays down fears of recession; Wesfarmers seeks €3b to cover Coles debt; Miners pull projects as prices drop; Bills go up $365 as LNG hit hard
Wesfarmers Ltd has taken steps to allow it to access capital from international markets with the establishment of a near $6 billion Euro Medium Term Note program.
The Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy say the federal government's economic modelling of its proposed emissions trading scheme has confirmed their concerns about the scheme and its impact on the state.
The state government has announced that two major departments will be restructured and split into three, as part of its plan for improving project approvals and delivering more clarity for business.
The once hot commodity, phosphate, appears to be affected by the global meltdown with miner Phosphate Resources Ltd today saying it has had a "sharp and marked" slowdown in demand from its Asian markets.
Clough Ltd's Indonesian subsidiary, PT Petrosea Tbk, has extended its long-term contract with a coal firm by a further 60 months, valuing the new deal at $440 million.
Early action to tackle climate change will reduce gross national product by just a tenth of a per cent a year, with the economy continuing to grow strongly, the federal government says.
Nickel miner Mincor Resources Ltd has downgraded its annual nickel production target following an operational review in light of the plummeting nickel price.
Perth-headquartered RCR Tomlinson Ltd was secured a mechanical works and warehouse services contract for Woodside's Pluto liquefied natural gas project, valued at over $60 million.
Moly Mines Ltd says it will instigate a "concerted" cost reduction program across all its activities to conserve cash, as it successfully draws down the remainder of its $US150 million ($A220 million) interim facility.
