Shake-up for ASX capital raising rules; ASX 100 face losses of $50bn; Metal meltdown to persist; Super funds seek tax relief; Razor gang to fund rescue
A new industrial area is set to be created at Ashburton North which is being considered by oil giants Chevron, Exxon Mobil and BHP Billiton Petroleum for development of gas reserves in the Carnarvon Basin and Exmouth Gulf.
Great Southern has welcomed a Federal Court decision allowing the appeal in respect of the industry's test case on whether participants in non forestry managed investment schemes should be entitled to claim deductions in respect of carrying on a business
Babcock & Brown Power could face a class action lawsuit over the alleged failure to properly disclose its refinancing arrangements in the wake of the Alinta acquisition.
Perth-based Incremental Petroleum has recommended shareholders reject an $84 million takeover bid by Texan firm TransAtlantic, citing the current low oil price as one reason to rebuff the offer.
Perth-based Condor Nickel has agreed to merge with its shareholder, Chinese controlled Chihong International Mining, with the merged entity to have a host of projects across Western Australia.
Perth-based office equipment financing firm ThinkSmart will put its United States ambitions on hold as it forecasts a 32 per cent increase in earnings.
CITIC Pacific Mining has been given the green light to submit proposals for a 70 million tonne operation for its Sino iron ore project in the Pilbara following the passing of amendments to its state agreement act.
Fortescue Metals Group has dismissed the value of over $190 million of legal claims over the suspension of its shipping contracts as "ambit claims", as it reveals that over $2 million of its funds have been frozen in the United States.
The state environment watchdog has rejected Premier Colin Barnett's preferred location for a liquefied natural gas hub in the Kimberley, saying nearby settlements are likely to be affected by emissions.
The federal government's infrastructure advisory council has recommended all five Western Australian projects for the $12.5 billion Building Australia Fund in its preliminary priority list released today.
Western Australian mining identity Tony Sage will chair the combined entity of Jackson Minerals and Scimitar Resources, which have unanimously agreed to merge.
Shares in Atlas Iron have risen sharply in early trade as the iron ore miner enters into a long-term off-take agreement for its Pardoo project in the Pilbara.
Exporters taxed to boost borders; Qantas ditches BA merger; Bang goes the west's boom; Jilted shipowners sue FMG; Fahour is pushed aside as Clyne takes reins at NAB
The state's Economic Regulation Authority says a re-amalgamation of Verve Energy and Synergy will have adverse implications on the wholesale energy market.
Fashion brand Costarella Design will go back to its private roots after the company that owns it entered into a deal to acquire a liver disease treatment company.
Corporate recovery experts Ferrier Hodgson say they have received significant expressions of interest for the acquisition of copper miner CopperCo, which went into receivership last month.
Perth’s design professionals have appealed directly to the state government not to pull the funding rug from under it, as some projects are halted amid rumours of billions of dollars being slashed from the capital works program.
Perth-based Phosphate Australia has emerged as the best performing initial public offer for 2008, as the number of company listings in Western Australia more than halve as the financial crisis bites.
The state government has budgeted $2.4 billion for the Royalties for Regions scheme as it forecasts a net debt of nearly $17 billion in 2010/11, according to the mid-year economic review.
The continued high risk of Rio Tinto's debt following its Alcan acquisition has prompted international ratings agency Moody's to downgrade the miner's rating.
Wembley-based property developer and manager United Overseas Australia expects its 2008 profit to slump over 70 per cent, largely on the back of project delays.
Minemakers is targeting first production from its Northern Territory project next year as it unveils capital costs of around $100 million for Australia's largest phosphate resource.
Oil and gas explorer Salinas Energy will close its Perth office as its managing director transfers to California as part of restructure plans to help maintain the company's oil production profitability.
