Standard & Poor's Ratings Services has lowered its rating on Rick Stowe's private comany Griffin Coal Mining Company Pty Ltd after the coal miner's financial results were below expectations.
Peter Shergold, John Langoulant and Cathy Nance have been named in the state government's economic audit group that will review the operation and financial performance of the public sector.
Premier Colin Barnett has outlined the state government's top infrastructure priorities in a submission to the federal government's Infrastructure Australia fund.
In a major upset to BHP Billiton and Rio Tinto, Treasurer Wayne Swan has declared the iron ore giants' Pilbara rail lines open for a period of 20 years.
United States company Cleveland Cliffs is looking to wrap up its takeover of iron ore miner Portman Ltd quickly, announcing today it will make on-market purchases at a possible discount to its $21.50 cash offer.
Mining services company Emerson Stewart Group Ltd has been awarded a new contract, valued at some $5 million, by BHP Billiton Nickel West at its Leinster operation in Western Australia.
Falls in commodity prices and rapidly changing market conditions have prompted two Perth miners, Minara Resources Ltd and Kagara Ltd, to explore cost cutting measures.
BHP Billiton Ltd said today it had "outstanding" growth options in Australia, with several major projects in Western Australia under assessment for future development.
A handful of Perth companies, Macmahon Holdings Ltd, Monadelphous Group Ltd and Nomad Building Solutions Ltd, have had their recommendations changed by analysts at brokerage Hartleys.
The state's largest credit society, Police & Nurses Credit Society, has pledged it will pass on in full any rate cut made by the Reserve Bank of Australia at its upcoming November meeting.
O'Connor-based Brainytoys Ltd is teetering on the brink of collapse with the stock's September quarterly in the red as capital injection deadline looms.
Shares in Mount Gibson Iron Ore Ltd are still placed in a trading halt as the company continues discussions with customers and third parties regarding off-take agreements.
Shares in Atlas Iron Ltd have dropped nearly 10 per cent despite news the emerging iron ore producer has entered into an agreement that could lower the cost of bringing its Abydos project online.
Perth-based emerging gold producer Catalpa Resources today reported a 16 per cent increase in its gold Reserves from 544,000 ounces to 629,000 ounces at its wholly-owned Edna May Gold Project in Western Australia.
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Gina Rinehart's Hancock Prospecting is investigating its Queensland asset further with the start of a feasibility study into a 30 million tonne per year coal operation.
West Perth-based Uranio has consolidated its ground position near the Mulga Rock uranium deposit in the Eastern Goldfields following the acquisition of the Ponton uranium project from Paladin Energy Ltd.
The Varanus Island gas facility is expected to be back in full production by the end of November, ahead of the previously targeted December date, operator Apache Corporation says.
Perilya Ltd will retain its Mount Oxide copper project after buyer Chalice Gold Mines Ltd asked for the acquisition deal to be terminated amidst the fall in commodity prices.
The iron ore price will be a leading indicator of Western Australia's economic health as the risk of a slump continues to rise, a leading economic forecaster has warned.
Perth public relations firm Porter Novelli, owned and managed by Paul Downie and John McGlue, will operate under the FD Third Person banner after it was acquired by Financial Dynamics International.
West Perth-based Automotive Holdings Group Ltd says it is working to replace its existing network of finance providers after major financier GMAC Finance Services withdrew from the local market due to the global credit squeeze.
The state's business lobby group is urging the federal government to come to Western Australia to discuss the impact of the global turmoil on local business and industry.
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Austal Ltd managing director Bob Browning said there are no plans for further staff cuts after the company laid off over 100 workers at its Henderson shipbuilding facility.
Treasurer Troy Buswell is considering an overhaul of the Department of Housing and Works after the agency revealed it will have a shortfall of $235 million this financial year.
