Subiaco-based Red Emperor Resources plans to raise $25 million early next year as it enters into an agreement to acquire a majority stake in a Russian project for nearly $14 million.
The state government will inject an extra $400 million over the next four years into the royalties for regions scheme as the policy that tipped Premier Colin Barnett into power is officially launched today.
Western Australian borrowers are going back to basics when choosing a loan to finance property, with basic variable loans surging 2 percentage points to 36 per cent and variable loans representing 80 per cent of all loan approvals.
Fortescue Metals Group says it is reviewing the legal status of its shipping contracts as it reveals today that disputes have arisen from a decision to suspend two-thirds of its long-term ship charter contracts.
Gas giants win millions in carbon scheme compo; Telstra barred from broadband; Investors on edge as Centro talks drag on; Mine exports slashed by $30bn; Property slump is building
The federal government's white paper on emissions targets has received mixed responses from lobby groups and companies across the country, while one of the loudest critics of the scheme keeps relatively quiet.
West Perth-based Red Hill Iron says it will review its legal options over its participation rights to share in port and rail infrastructure of the West Pilbara iron ore project, spearheaded by Aquila Resources.
Western Australia's economy is expected to slow by almost 40 per cent in 2008/09 and nearly 50 per cent the following financial year as the fallout from the global financial crisis impacts the state and demand for resources commodities wanes.
Mining and market groups have called the federal government to fast track the implementation of its promised investment incentive scheme that is expected to encourage mineral exploration.
The state government has confirmed that the University of Western Australia will be the headquarters of a new $20 million radio astronomy research centre that is designed to help WA win the $2.5 billion Square Kilometre Array project.
The weaker Australian dollar is expected to provide a buffer for Australia's commodity export earnings, which is forecast to drop by over 10 per cent for the 2009 financial year.
Manganese miner OM Holdings has revealed it has suspended shipments at a loss of over $12 million in response to weaker market conditions, which has also prompted a 30 per cent cut to annual production next year.
Premier takes on Mid West port push; Barnett says power merger has merit; $1.4bn to soften pain of carbon trading scheme; Arabs in multi-billion plan to buy WA farms; Up in smoke - share funds set for worst year on record
Premier Colin Barnett says he is "thrilled" with a federal government infrastructure package, which includes $195 million for the Ord River Irrigation Scheme but has very limited contributions for other projects in Western Australia.
Shares in Andrew-Forrest-led Poseidon Nickel jumped as much as 30 per cent today on news the company had entered into exclusive talks to acquire a "significant" nickel project in Western Australia.
Grange Resources shareholders have overwhelmingly voted in favour of its merger with private Tasmanian magnetite iron ore pellet producer Australian Bulk Minerals.
Western Australia has received little in the federal government's $4.7 billion nation building package designed to help combat the affects of the global financial crisis, receiving a total of $318 million.
Rio Tinto appears to have lost its rights to the northern half of a valuable mining concession in Guinea that is intergral to its iron ore production plans.
Sinosteel losses shut Rio mine; Investors hail Rio's cost cuts, asset sales; Christmas tax break for small businesses; No relief in sight as China dips; Shire planner reject Smiths Beach project
A social housing taskforce is to be established to review the acute shortage of public housing in Western Australia and to come up with innovative strategies for addressing the problem.
A consortium comprising Satterley Property, Leighton Contractors and Ngarda Civil and Mining has been announced as the preferred proponent to further investigate development of a 120 hectare parcel of land in Port Hedland.
Nickel miner Albidon says it will slash its mining workforce in Zambia by half and downsize its Perth office as part of cost cutting measures following an operational review.
Regional energy supplier Horizon Power has teamed up with PowerCorp and SunPower Australia to build two solar power stations in the Pilbara, valued at $25 million.
Clean energy technology group Orbital Corp says it expects to post a loss of up to $2.7 million for the first half 2008/09 as it reviews its option to maintain its interest in a manufacturing joint venture.
