Varanus gas blast a $2b blow to WA; Recession fears increase; Shareholders target boards in executive pay revolt; ANZ readies axe over troubled lending arm; Top China official in warning on BHP-Rio tie
The credit crunch sweeping global markets is buffeting the property sector in Western Australia, with major developer Brookfield Multiplex denying rumours that the $1 billion office tower City Square was in jeopardy.
Subiaco-based explorer Vital Metals Ltd said it will reduce the pace of work on the feasibility study on its Watershed project in an effort to conserve cash in the current financial climate.
Housing and Works Minister Troy Buswell has ordered a review of public housing stock in high-end suburbs of Perth with a view to eventually reinvest the value of some properties to greater effect elsewhere.
Energy retailer Synergy has rejected claims by the Food Industry Association that it engaged in price gouging following the gas explosion at Varanus Island in June.
Emerging producer Atlas Iron Ltd expects to disclose its off-take arrangements shortly as it today received the final environmental approval for its Pardoo iron ore project in the Pilbara.
South-Perth based Cooper Energy Ltd today said its hostile takeover bid for Incremental Petroleum Ltd could become ugly if Incremental's board acts against its shareholders' wishes and refuses the unsolicited takeover offer.
The state corruption watchdog has recommended that former deputy of the resources department, Gary Stokes, be prosecuted after finding he engaged in serious misconduct for supplying information to disgraced former premier Brian Burke.
CityView Corporation Ltd has put its Angolan oil project on hold as global financial turmoil forces its joint venture partner to pull away from financing its part of the operation.
Australian stocks were lower at noon, as nervous local investors await the outcome of tonight's US House of Representatives vote on a new version of the $US700 billion ($A888 billion) bailout of the financial markets.
Apex Minerals NL said it is "judicious" to implement a hedging project to protect its exposure to the Australian dollar gold price over the next three years.
West Perth-based Equinox Minerals Ltd has secured a new $103 million loan facility, underwritten by a banking syndicate, for its Lumwana copper project in Zambia.
After teething problems with its processing plant, uranium miner Paladin Energy Ltd has achieved full production during the September quarter at its Langer Heinrich mine in Namibia.
Subiaco-based Poseidon Nickel Ltd will sack at least nine workers after the company said yesterday it had suspended work at the underground Mt Windarra Nickel Project in the Goldfields.
Emu tower struggles to sign up a builder; WA, Qld the winners in harvest, too; PM unlocks $20bn future fund; Analysts tip China slowdown to hit iron; Global economy fears overshadow bailout support
The global wait begins for an expected tight vote on the $US700 billion rescue package in the US House of Representatives after the Senate today passed the bailout plan designed to calm panicky bourses.
The global financial turmoil has hit the Andrew Forrest-chaired Poseidon Nickel Ltd, with the company suspending mining activities at its Mt Windarra underground mine in the Goldfields.
The Chamber of Commerce and Industry WA has told a Senate inquiry into the Varanus Island gas explosion the approvals process has made the state's energy supply structure vulnerable.
Despite there being no firm launch date for the mutualisation of $9 billion fund manager GESB, a seven-member board has been unveiled that includes the who's who of the corporate world.
Former managing director of Woodside's green energy subsidiary Metasource, Richard Beresford, has been appointed to the board of West Perth-based energy company Green Rock Energy Ltd.
Grange Resources Ltd will pocket more than $13 million in cash after it agreed to sell a 30 per cent stake of its Southdown magnetite iron ore deposit to Sojitz Resources and Technology Pty Ltd.
Disgruntled shareholder Power United Ltd has stepped up its calls to remove the board of Cape Lambert Iron Ore Ltd after it formalised a $250 million deal to acquire a stake in an African iron ore project.
Zinc producer CBH Resources Ltd has launched a hostile $65 million takeover bid for Perilya Ltd, just over two months after the companies terminated a friendly merger proposal.
Western Australian Premier Colin Barnett will raise Australia's investment relationship with China at today's Council of Australian Governments meeting in Perth.
Shares bounce back as US rescue hopes rise; BHP-Rio nod sparks stock rally; Inpex set out to avoid regulation: land council; CBA pounces on BankWest with low-ball offer; Breakthrough on national consumer laws
THE timber industry will seek the support of other industry groups in launching a proposed joint class action over losses from the state's gas crisis, if an official report into the explosion at Varanus Island cites negligence as the cause.
THE state's information technology and communications export businesses are getting a foothold in international markets, according to the WA Business News Book of Lists.
MIGRATION agents believe new federal legislation aimed at cracking down on employers that exploit workers under the temporary 457 visa program will lead to a further tightening of employer obligations.
WESTERN Australia's major shipping and transport stakeholders are cooperating closely to ensure smooth sailing at the Fremantle Ports this coming Christmas period.
October 3 Melville Toyota Pink Ribbon Ball, sponsored by Worldwide Online Printing. Run annually by Momentum Women’s Forum that raises money to support breast cancer research.
