Aquila Resources and its joint venture partner AMCI have ended up in a legal dispute after failing to reach agreement on plans for a new port in the Pilbara for their proposed iron ore project.
Analysts at CommSec have forecast iron ore prices to fall by 25 per cent this year as Chinese consumers push for lower prices after being squeezed over the past five years.
The sharp deterioration in the Australian dollar has ensured the country's goods are more competitive on the international front as exports record the largest annual increase in over 34 years.
The Australian share market slumped to a five-year low as bank and resource stocks were weighed down by continuing concern about the health of the global economy following the release of economic figures from Asia.
It was a mixed December quarter for iron ore miners Murchison Metals and Mount Gibson Iron, as demand for the commodity lowered one miner's shipments but raised the other.
Brokerage Hartleys has started coverage of Woodside Petroleum, rating the oil and gas giant as a Buy as the company gets ready to report its most profitable year ever.
Western Australian companies ranging from conglomerate Wesfarmers to juniors Ironbark Gold and AnaeCo have returned to the markets with a vengeance in a bid to tap fresh capital.
As companies take stock of the global financial crisis, the securities watchdog has reminded listed entities of their obligations to announce any material difference to financial results.
Gold miner Resolute Mining has raised a further $6 million through the placement of shares not taken up in the previous rights issue, as total gold production fell 10 per cent in the December quarter.
As the fallout from the Ravensthorpe mine closure starts to unravel, the state's resources lobby group says mining companies are doing all they can to prevent further job losses.
Conglomerate Wesfarmers says it expects a lower dividend for the third consecutive year as it launches a heavily discounted rights issue to raise nearly $3 billion to help pay down debt from its $20 billion Coles acquisition.
Shares in Anvil Mining have closed up 27 per cent after it reached a deal with the government of the Democratic Republic of Congo over its Dikulushi and Kinsevere mines.
Perth-based leisure technology firm V3 has been awarded a state government tender to provide online booking technology for Tourism Western Australia's website.
Cooper Energy says it is well placed to achieve record production for the 2009 financial year as it reports a 17 per cent lift in oil production for the December quarter.
Azure Capital managing director Michael Minosora has joined the executive team at Fortescue Metals Group as part of a reshuffle in a bid to sustain operations in the current economic climate.
Paladin Energy has exceeded production capacity at its Langer Heinrich uranium mine for a second consecutive quarter as it extends its takeover bid for Fusion Resources.
Great Southern says it will pursue other interested parties for the sale of a Queensland forestry estate after a private international timber fund pulled out of a $23 million deal.
Premier Colin Barnett has reportedly indicated the government could buy back some houses in the Ravensthorpe and Hopetoun areas following BHP Billiton's decision yesterday to close its nickel operation.
Newcrest Mining, Australia's biggest gold company, has delivered a drop in gold production during the second quarter and cut full year production forecasts for its Telfer mine in Western Australia.
Wesfarmers has launched an equity raising to raise a minimum of $2.8 billion, comprising a three for seven accelerated pro-rata non-renounceable offer, at $13.50 per share.
THE Industry Capability Network of WA has launched a new scheme to help Australian companies win supply contracts with major Asian oil and gas contractors.
AGRIBUSINESS Great Southern Ltd is pursuing alternative options, including the sale of assets, as received proxy votes indicate investors may not be willing to exchange their interest in plantation
THE revolving door of accountants in Perth's insolvency world continues to spin with Chris Munday joining his former Pitcher Partners colleague Vince Smith in Ernst & Young's corporate restructuring practice.
WITH the takeover offer set to open shortly for Perth-based Pure Energy, managing director Steven Beardsall may be in for a nice cash bonus as he boosts his stake in the company.
WESTERN Australia has suffered the biggest fall in job advertisements in December as ads across the country slump to recession-like levels, a key employment measure has found.
Perth #1 in radio advertising spend PERTH has come out top of the pops in radio advertising revenue as the medium proves to be the most resilient of the traditional media in tough economic times, The
THE volume of mergers and acquisitions in the stockbroking sector is expected to pick up in 2009 as firms prepare for a new watchdog rule that will come into force later this year.
