Galaxy Resources plans to capitalise on the anticipated growing demand for power electric and hybrid cars as it approves development of its $68 million Mt Cattlin lithium-tantalum project near Ravensthorpe.
The acquisition of Coles has boosted Wesfarmers' ranking in the top 250 retailers in the world, according to the Deloitte 2009 Global Power of Retailing report.
Western Australia's housing market has yet to bottom out with the market forecast to fall by up to 7 per cent this year as mortgage commitments in the state decline by nearly 6 per cent in November.
Macmahon Holdings is expected to lose 75 per cent of its Argyle Diamonds' revenue and possibly lose 200 of its contractors as Rio Tinto scales back production and development work at the Kimberley mine.
The state opposition is calling on the government to be open and honest about its 3 per cent budget cuts as the planned $93 million Northbridge-based police complex is delayed.
One of China's largest banks has given its approval to a $1.8 billion loan to Gindalbie Metals' Karara iron ore joint venture following completion of due diligence.
Wall Street closed narrowly mixed yesterday as investors began to worry about the weakening global economy, a poor start to the corporate earnings season and the health of ailing banking giant Citigroup, the Australian newspaper has reported.
Western Australia has just missed its projected Christmas retail sales target for 2008 as the national figure climbed 2 per cent compared to the previous year.
Despite a low cash balance, Perth-based 3D Resources says it has sufficient funds to meet its obligations as its managing director steps down and the company suspends all exploration activity.
Rio Tinto has postponed its $547 million automated train operation in Western Australia and suspended a $236 million underground mine development in New South Wales amid the gobal economic downturn.
Sundance Resources is part of a consortium selected to construct and operate an iron ore export terminal in Cameroon which is expected to become a major shipping hub that will service the company's Mbalam iron ore project.
Diversified miner OZ Minerals will halt production at its Scuddles mine in Western Australia with 70 employee and contractor positions to be cut in an effort to conserve cash.
Prices within oceanfront suburbs are much higher in Western Australia than all other states, with the most affordable suburb Withers in Bunbury having a price tag at about $270,000.
Extension of gas pipeline to preserve Kimberley; Chinese mills seek long-term offtake agreements in WA; Rudd IR changes 'a threat to WA'; Demand dive savages iron exports; PM told to hasten tax cuts
International Goldfields has finalised its terms of a proposed $60 million merger with Nkwe Platinum, in a move that will consolidate both stocks' platinum tenements in South Africa.
Nedlands-based Dragon Energy will be hoping to mirror the success of a fellow Western Australian phosphate explorer as it opens its $1.5 million initial public offer.
Oil and gas explorer Buru Energy says it will defer this year's exploration work at its Canning Basin tenements and reduce employee numbers in response to the current economic climate.
Perth-based Coal of Africa has appointed Morgan Stanley & Co and Evolution Securities as joint brokers as it prepares to list on the London Stock Exchange.
Further studies into processing methods at Perseus Mining's Ayanfuri gold project in Ghana has reduced capital costs by 23 per cent to $192 million with project payback to take about one year.
The proposed 40 megawatt biomass plant in Manjimup has been served with additional conditions by the state government following a number of public appeals.
Neptune Marine Services has completed its $11 million acquisition of Aberdeen-based Subsea Engineering Services, a specialist provider of subsea consultancy and project services to the oil and gas industry.
China warms to a flexible ore price; Miners push for right to use strike-breakers; Morgan Stanley and Citi in merger talks; Lifeline for Babcock & Brown; Rudd told to ease up on public service
Suitor TransAtlantic has revealed a small fraction of Incremental Petroleum shareholders have accepted its takeover offer while its chairman has spent close to $16 million buying shares.
Spending in the latest inquiry into the Varanus Island gas explosion has been capped at $1 million as former Woodside executive Dave Agostini and federal government appointee Kim Bills join the expert panel.
Western Australia has hit its second operating deficit in four months with the state's monthly report revealing a deficit of $17 million in October, down from a surplus of $458 million from a year ago.
