THE resources sector has undergone a rapid change in circumstances with falling commodity prices, private investors on strike, and a tough attitude by banks.
A Treasury official will help the state's police department to identify savings in line with the government's 3 per cent efficiency-based savings amid claims the Police Minister is not doing his job properly.
Eight mining deals done in Western Australia have featured in the top 250 deals completed globally in 2008 as the value of transactions in the country fell 11 per cent.
Mirabela Nickel has secured a $US150 million ($A238 million) facility from a consortium of lenders to fund development works at its Santa Rita nickel project in Brazil.
Shares in Catalpa Resources have jumped as high as 56 per cent as the company executes a $67.5 million project financing deal with Macquarie Bank and plans to launch a $30 million capital raising.
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One of Western Australia's oldest brokers, Mortgage Force, has agreed to merge with Sydney-headquartered Smartline to create an entity with a loan portfolio worth more than $10 billion.
Premier Colin Barnett continued talking up Western Australia's economy in the face of further bad global news, but also issued a warning that the state had to be treated fairly by the rest of the nation.
Perth-based Tasman Resources has demanded that former joint venture partner WCP Resources pay $713,848 after it declared force majeure on the Lake Torrens project in South Australia.
Construction company Boral plans to sell and leaseback 11 of its Australian properties, including a landholding in Bunbury, as part of its ongoing management of its land assets.
Corporate events organisers Gregory Millar and John Webb have been found to have engaged in misleading or deceptive conduct over the promotion of several industry exhibitions by a Federal Court in Perth.
Brookfield Multiplex has been appointed as the managing contractor for stage one of the Fiona Stanley Hospital under an innovative contract by the state government.
The Reserve Bank of Australia has left the official interest rate at 3.25 per cent, bringing a temporary halt to a series of rate cuts by the central bank that started in September last year.
Shares in Albidon have slumped as much as 43 per cent as the nickel miner places its Munali operation on care and maintenance and lays off some 350 employees and contractors.
Commodity exports are forecast to fall by 17 per cent in the 2010 financial year but farm export earnings are expected to rise over the next two years, a report for the nation's commodities forecaster says.
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Mining services company Emerson Stewart Group has posted a strong first half result, with an interim net profit after tax of $1.5 million, a 125 per cent increase on the previous corresponding period.
Two Japanese companies will buy into the Lake Maitland uranium project in Western Australia after owner Mega Uranium sold a 35 per cent stake for $77 million.
Coote Industrial says it is still waiting on a $75 million payment from the sale of locomotives and wagons as it posts a 70 per cent fall in its first half net profit.
Skywest Airlines has booked a near $3 million half year net loss after accounting for one-off impacts including a $5.7 million cost associated with a major Rio Tinto contract.
