OM Holdings has launched a share buy-back for about five per cent of its issued capital, saying its current share price did not reflect the underlying value, strong earnings and future potential of its assets.
A consortium headed by WorleyParsons and including the state's biggest companies is embarking on a major study to develop a series of $1 billion, 250 megawatt solar thermal power stations across Australia.
Malaga-based Advanced Engine Components Ltd has secured a $2 million loan from a party related to a major shareholder to fund working capital requirements on the back of ongoing growth in sales demand.
Perth-based Jupiter Energy Ltd will pay up to $57 million to move to full ownership of an oil field in Kazakhstan, with Macquarie Bank to provide funding assistance.
The three partners in the Gorgon gas project have approved spending of $1 billion and the employment of 1200 staff and constractors ahead of a final investment decision over the coming 12 to 18 months.
Fox Resources Ltd has today appointed Bruno Seneque as managing director following the resignation of Don Harper, who has left the company to pursue other opportunities in the resources sector.
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The surging iron ore industry delivered a big boost today for West Perth-based miner Mount Gibson Iron Ltd, which reported a doubling of profit, and engineering company WorleyParsons Ltd, which signed a $260 million contract with Fortescue Metals.
Subiaco-based Empire Beer Group Ltd has agreed to sell two of its pubs to a shareholder company controlled by Computershare Ltd executive chairman Christopher Morris for $4.5 million.
Perth-based coal miner Handini Resources Ltd has revised its initial public offer, this time doubling the amount of funds to be raised to $10 million as it pins its hopes on a major company to take the majority of shares.
West Perth-based ipernica Ltd will lend its knowledge to a Melbourne company caught in legal proceedings in the United States over its intellectual property rights.
Nedlands-based waste management company Tox Free Ltd has reported a 56 per cent jump in earnings for fiscal 2008 as it opens its first waste facility in New South Wales.
Strike Resources Ltd is banking on the high iron ore and coal prices to feed the development of its flagship Peru project as it signs a $19 million scrip deal to reacquire two projects from Perth-based Orion Equities Ltd.
Mortgage aggregator Australian Finance Group has teamed up with Perth-based wealth management adviser Plan B Group Ltd to offer a full range of mortgage products to customers.
Subiaco-based IMX Resources NL has signed two agreements with its Chinese partners regarding the offtake from its South Australian mine and the potential acquisition of a processing plant in China.
Shares in West Perth-based ARC Energy Ltd will be suspended from trading at the close of business today after the Federal Court approved its merger with Australian Worldwide Exploration Ltd.
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The Albany Hospital has become the first battlefield in the state election with both the Labor and Liberal Parties trying to outdo each other with budgets and quicker schedules for a rebuild.
Bibra Lake-based Mineral Resources Ltd had a double dose of good news today - it expects to more than double its profit in 2007-08 and has signed of a seven-year agreement with Hancock Prospecting Pty Ltd to develop and operate a Pilbara manganese mine.
A Queensland-based consortium is pushing ahead with bold plans for a A$14 billion, 3300 kilometre rail line from the Pilbara to Queensland with industrial smelter hubs at each end after gaining support from 19 steel producers.
State liberal member Rob Johnson has regained his police portfolio in opposition leader Colin Barnett's shadow frontbench reshuffle, as Troy Buswell takes on treasury and commerce.
Berkeley Resources Ltd has released its maiden resource estimate for its Gambuta uranium deposit in Spain, with investors liking the news and pushing the company share price up nearly 10 per cent.
The ANZ Banking Corporation Ltd and Westpac Banking Corporation said today they cannot guarantee passing on any interest rate cut made by the Reserve Bank of Australia.
Litigation funder IMF (Australia) Ltd will pocket a further $1.35 million after a New South Wales court ruled in favour of Concept Equity Pty Ltd against Challenger Group Holdings Ltd.
Subiaco-based Red Fork Energy has secured $33 million for the exploration of a new gas project in Oklahoma after signing a joint venture deal with a Dallas-based company.
