Moly Mines says it is looking for projects with cash-flow potential to ease its debt pressures as a six-month deadline for a $US150 million ($A206 million) loan looms.
Engine technology group Orbital Corporation has entered a $2.4 million deal with a Chinese business to jointly develop a concept engine that will improve fuel economy.
Balcatta-based Videlli, formerly ERG, plans to delist from the Australian stock market to better focus on its Tcard project litigation in New South Wales.
Macquarie Group has posted a 52 per cent fall in annual profit - its first decline in 17 years - as chief executive Nicholas Moore takes a hefty 99 per cent pay cut.
China Nonferrous Metal Mining Group Co (CNMC) is set to gain control of Lynas Corporation, which holds a rare earths project in Western Australia, after striking a $505 million deal.
Banks ordered to pay $1.6bn in compensation; Macquarie set to raise $1.2bn; Alumina to tap investors for $1bn to ease debt risk; Turnbull sees red on Rudd China policy; Swan reveals $50bn budget revenue hit
Japanese company INPEX has awarded AMEC Engineering the contract for the offshore front end engineering and design (FEED) for the Ichthys liquefied natural gas project in the Browse Basin.
A federal government report released today has recommended the establishment of a national offshore petroleum industry regulator to streamline the approval process for oil and gas projects.
Chevron says it will work with the state government on appropriate conditions for its multi-billion dollar Gorgon gas project after the environmental watchdog reluctantly gave the go-ahead to expansion plans.
Gold miner Newcrest Mining has withdrawn from its joint venture with Leederville-based SmartTrans Holdings over the Mount Mackenzie gold joint venture in Queensland.
Woodside Petroleum says production at its Vincent oil project will resume production at the end of June after a fire at its processing facility earlier this month.
Australia's largest resource project, the Gorgon gas development, inched closer to proceeding after WA's Environmental Protection Authority gave it qualified support today.
The steep economic slowdown reduced new infrastructure projects to a trickle in the first three months of the year, propped up only by a major federal government initiative, according to economic consultancy Access Economics.
Fortescue takes axe to $400m in costs; ANZ slumps on rising bad debt; Low rates boost WA housing market; Turnbull sets new ETS plan; Lower costs help nickel miners lift earnings
GOVERNMENTS around the globe have, almost without exception, felt compelled to try and take charge of their economies to tackle the recent financial crisis.
LAST year's boost to the first home owners grant and cuts to interest rates have given rise to a two-tiered property market, with the first home buyer and sub-$500,000 market firing while the middle to upper end of the market languishes.
IF there's any upside to the current housing slump it would have to be the easing of several boom time pressures, such as labour shortages, input costs and time blowouts.
THE property industry was one of the most affected by the global financial slowdown, which gripped the state in late 2008 as plummeting global markets and job losses became more and more prevalent.
EARLY analysis of the property market for 2009 is showing signs of revival, as the effects of the increased first homeowners grant, lower interest rates and stamp duty concessions for first homebuyers start filtering through.
DESPITE trade volumes falling at Fremantle Port in recent months, complaints about delays at the wharf by members of the Customs Brokers and Forwarders Council of Australia (CBFCA) suggest efficiency has not improved as expected.
The Western Australian Trade Opportunities Service is operated by the International Trade Centre of the Chamber of Commerce and Industry of Western Australia.
THE small business sector is missing out on the benefits of lower interest rates, with higher risk margins on business loans outweighing the fall in rates, new research has found.
THE first stage of the transition of Fremantle storage facility Fort Knox into warehouse apartments is taking shape, with major upgrades of the facility recently finalised.
