China's biggest offshore oil and gas producer China National Offshore Oil Co (CNOOC) is poised to kick off its first major drilling program in Australian waters as it seeks to match Japanese rival Inpex by establishing its own Australian production base.
Atlas Iron says it will increase the size of its $11.7 million share purchase plan by 28 per cent to accommodate for a substantial amount of oversubscriptions.
Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.
Labor defector gives Nationals more power; Dioro set for tie-up, blocking Avoca bid; Bank results boost shares; Produce prices lowest in 10 years; Coalition torn over climate
Western Australia appears to have weathered the global economic downturn but the resource-rich state must still rely on China's appetite for bulk commodities to stay in the clear, according to Access Economics.
The competition watchdog has proposed that the Retail Energy Market Company continue operating the market rules in Western Australia and South Australia.
South Perth-based Uranium Australia is gearing up for a local stock market listing in October as it receives expressions of interest from brokers to underwrite its $6 million initial public offer.
The state opposition has again slammed the Barnett government's 3 per cent budget cuts with Department of Health the latest to reveal a fire sale of $1.8 million worth of land.
Australia's bid to host the $2.6 billion Square Kilometre Array project has been given a boost by the federal government, which has committed more than $88 million towards a stake in a complementary telescope in Chile.
The Chamber of Commerce and Industry WA has shown it is not immune from the economic downturn after the business lobby group confirmed today it had retrenched around 12 employees.
Takeover target Dioro Exploration says it is in advanced discussions with Canadian copper and gold miner Northgate Minerals Corporation as original suitor Avoca Resources extends its $68.5 million offer.
BC Iron is one step away from receiving full support from Fortescue Metals Group for its $43 million Pilbara iron ore project, with the miner requesting one further test.
Chinese step up pressure on Barnett over Oakajee; Rising ore prices buoy Rio; Rudd resists ACTU's Buy Australian push; Telstra hears demerger call; Capital floods in at record rate
Coote Industrial will be able to make a start on its growth objectives after it received a $44 million payment from Greentrains while it enters into a major shareholding deal with Elphinstone Group.
Premier Colin Barnett is hopeful of strengthening the state's relationship with China, particularly in the iron and gas sectors, as he prepares to visit the country amidst a political storm.
West Perth-based Exco Resources has asked Barclays Capital to arrange a $16 million debt financing facility, which together with the recent $7 million equity raising, will be used for the development of the White Dam gold project.
Australasian Resources has stepped up negotiations with other companies after finance talks with Shougang Corporation over a $2.7 billion iron ore project in the Pilbara collapsed.
Nickel miner Panoramic Resources has confirmed it is running the ruler over Barrick Gold's Osborne copper-gold mine in Queensland as part of its acquisition plans.
Shipbuilder Austal has entered a $12 million contract to manage and maintain services for two vehicle-passenger ferries owned by the government in Egypt.
China growth may lift world out of recession; Union threat to projects; Perth faces cut for business; Panoramic eyes Barrick base metals; Shares surge by $70bn
The Economic Regulation Authority has knocked back Western Power's request to allow big increases in the price it charges for access to the state's main electricity grid for the next three years.
Magellan Metals today announced that the Department of Environment and Conservation has given final sign off to all of the requirements of the Esperance Lead Removal Plan.
There are signs Western Australia is well-placed to be one of the first states to come out from the global recession, with economists revealing there are early indications that the economy is about to recover.
Breakaway Resources has sold its Earn-In Rights for the Mt Finnerty Joint Venture to Reed Resources Ltd for a total consideration of 500,000 fully paid ordinary shares.
Opposition energy spokesman Mark McGowan today called on the state government to end 10 months of uncertainty surrounding the possible re-merger of Verve Energy and Synergy.
Surging spot prices put heat on China mills; World came close to collapse: bankers; Stokes buys up more of Packer's empire; China soothes Rudd on trade; Ziggy remains in NBN race as Anderson ruled out
FINANCIAL planners are the sole dissenting voice regarding a federal government move to allow superannuation funds to provide members with personal advice.
FORECASTING has never been more difficult for those in the real estate industry, as predictions of future housing demand from national industry bodies counter opinions from local builders and representative groups.
