Shares in oil and gas exploration company Carnarvon Petroleum have jumped more than 10 per cent in trading today after the company reported the discovery of commercial quantities of oil at two of its fields off the coast of Thailand.
West Perth-based mining outfit Meteoric Resources has raised more than $1.1 million in a placement to investors to finance initial exploration of its gold project at Webb in WA and new nearby joint ventures targeting iron oxide-copper-gold mineralisation.
A national report identifying the suburbs that currently represent the best value in Australia has highlighted two previously overlooked Perth suburbs as WA's best buys.
The state government has announced that Perth will host a digital earth symposium in 2011 that is expected to attract at least 1,000 guests to the state and will run in tandem with a land information system forum.
WA based iron ore and uranium mining company Royal Resources has acquired private outfit Mintech for $4.95 million taking control of its Razorback iron project in South Australia.
Uranium exploration company Extract Resources has completed its previously announced private placement worth $40.3 million as part of a $91 million capital raising to accelerate exploration activities at its Rossing South project in Namibia.
Minerals exploration company Wolf Minerals has raised $4 million for completion of a bankable feasability study on its Hemerdon Ball tungsten and tin project in England.
Business confidence and business performance in WA improved during the last quarter and is now above the national average despite a particularly challenging February to April trading period, a survey has revealed.
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The momentum in the state's oil and gas sector continued today with construction officially starting on Apache Energy's Devil Creek domestic gas plant near Karratha.
VDM Group's order book has been boosted to $346 million after subsidiary Wylie and Skene was awarded a $14.2 million contract for works on BHP Billiton's Rapid Growth Project 5 in the Pilbara.
Shares in Eden Energy have surged after an Indian tea-plantation company ordered the Perth-based company's dual fuel system that could see diesel use slashed among industries reliant on generator power.
Low interest rates and a more generous government housing grant have failed to lift the rate of new home building, with housing starts in WA falling by a larger than forecast 18.1 per cent in 2008/09.
Perth-based energy specialist Enerji will investigate the potential use of its low-emission cogeneration technology in two of Babcock and Brown Power's power stations.
Perth-based biotechnology outfit BioPharmica plans to seek an initial public offer for its wholly owned subsidiary, Molecular Discovery Systems, which will focus on cancer treatments.
Adelaide-based Toro Energy has raised $40 million to advance its Wiluna uranium project in Western Australia, with first production anticipated in 2012.
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Grain handling and exporting group CBH has changed the way it charges for its services, to accomodate growers who use alternative transport arrangements in the deregulated grains market.
The state's housing market is forecast to grow at a slower rate in 2009/10 than previously projected, as building approvals show slow signs of life, a new report shows.
Australia investors have emerged as one of the most pessimistic compared to other countries, in a new survey of senior fund managers who say the global financial crisis is still not over.
The Domenic Martino-chaired mining and engineering services company ORH has secured a $7.5 million equity and debt deal with Helmsman Funds Management.
Fresh from approving the massive Gorgon gas development, US energy giant Chevron said today that adding two more LNG production trains on environmentally sensitive Barrow Island remained part of the company's long term vision.
The corporate regulator has agreed to settle a class action against Professional Investment Services relating to financial advice it gave to clients over the failed Westpoint Group.
Major resources projects that import capital equipment will have to pass a tougher 'local content' test before they qualify for customs duty concessions on the imported goods.
The state's corruption watchdog has cleared former Labor MP John Bowler of misconduct in relation to disclosing information to lobbyist Julian Grill about Fortescue Metals Group's railway line application.
Engineering construction activity in Western Australia is tipped to slump 20 per cent over the next two years, above that of a national 15 per cent decline, economic forecaster BIS Shrapnel says.
The state's Planning Commission has endorsed the structure plan for the redevelopment of the Cockburn coast, which will attract about 10,000 new residents to the area.
Henderson-based shipbuilder Austal has secured its third commercial contract this year with the design and construction of four passenger ferries valued at $75 million.
