The traditionally quiet time for businesses in the days before Christmas has been set aside as six Western Australian companies today unveiled merger and acquisitions plans valued at over $506 million.
Booragoon-based Total Staffing Solutions has entered an agreement to acquire recruiter Ultimate Skills in a $5 million scrip deal as it offloads its majority interest in Mining People International.
The market capitalisation of Western Australian listed companies shed $17 billion in November as uncertainty surrounding China's future growth and falling commodity prices continued to add pressure.
Rio Tinto Iron Ore has confirmed it has suspended operations at its HIsmelt joint venture in Kwinana for three months on the back of falling demand for pig iron.
South Perth-based Advanced Ocular Systems will transform into a scaffolding business after it agreed to merge with International Formwork & Scaffolding, valued at $22.5 million.
New motor vehicles sales in Western Australia have plummeted 21 per cent in November compared to the previous corresponding period, according to latest data from the Australian Bureau of Statistics.
Manganese miner OM Holdings says it will incur a loss of over $13 million after it closes another hedging position as Consolidated Minerals beefs up its interest in the miner.
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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.
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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.
