Shares in Balcatta-based Target Energy have fallen as the company withdraws from two gas joint ventures in the United States which is expected to save them over $2.5 million.
In what has been continuously described as a difficult market to raise funds, gold miner Avoca Resources has exceeded its $25 million capital raising target with stock issued at a slight discount to its share price.
Debt-laden Centro Properties Group completed a long-term refinancing agreement with lenders today, delivering its lenders 90 per cent of the company's equity and reducing pressure for asset sales.
Share bloodbath on fears of recession; Job losses send shares tumbling; Rio chairman takes fall for BHP bid debacle; CanWest may be forced to can Ten; Gillard defiant on jobs
OM Holdings says it has received overwhelming support from its shareholders for the introduction of Takeover Protection Provisions, which have been criticised by major shareholder Consolidated Minerals.
A study into the Mount Thirsty cobalt-nickel-manganese project in Western Australia has found the $606 million operation could catapult the joint owners into the world's top five cobalt producers.
The $4 billion price tag for the Oakajee port and rail project is expected to come down as the global economic downturn lowers the price of iron ore and mining project deferrals free up contractors.
Shares in Rio Tinto have fallen by as much as 10 per cent today as the miner posts a significant drop in iron ore output during the fourth quarter as the global market weakened amid the global economic slowdown.
The state government says it will provide an additional $31 million from the Royalties for Regions Scheme to increase support to country residents needing to travel away from their homes to access specialist medical services.
State government agencies have been ordered to slash advertising spend by 15 per cent and reduce the use of consultants by $5 million each year as the government undertakes a review into advertising and communications.
The effect of the global financial crisis is expected to become evident in coming months as Western Australia's December unemployment rate falls to a seasonally adjusted 2.8 per cent.
Wesfarmers set for storm; $60bn mining projects under threat; Argyle forced to axe 300 jobs; Telstra raises stakes with job cut plans; Write-downs weigh heavily on business
DESPITE a significant fall in new vehicle sales across the country in 2008, car dealers in Western Australia retain a positive outlook for the year ahead.
AGRIBUSINESS Great Southern Ltd is pursuing alternative options, including the sale of assets, as received proxy votes indicate investors may not be willing to exchange their interest in plantation
REPRESENTATIVES from equipment manufacturer Sensear are in California this week aiming to enhance the company's global presence and increase its market share in the US's $3 billion safety and protective devices market.
Perth #1 in radio advertising spend PERTH has come out top of the pops in radio advertising revenue as the medium proves to be the most resilient of the traditional media in tough economic times, The
The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry WA with the support of the WA Government's Department of Industry and Resources.
A WESTERN Australian geospatial software developer has won an Asia Pacific award for its software warning system, which helps protect infrastructure during major emergencies and natural disasters.
ALMOST six years in the making, BGC's $110 million Brikmakers plant in Hazelmere has begun production, although not in the most ideal of circumstances.
LUXURY fashion label Emporio Armani will soon join other high-end retailers at the new Wesley Quarter redevelopment, as the first of the centre's retailers open their doors.
Earth from above High-profile environmentalist Phillip Toyne is coming to Perth to give a speech at The University of Western Australia Club's theatre auditorium on Tuesday January 20.
A YEAR ago it would have been unthinkable for a major Australian bank to buy BankWest, the only significant regional player in the powerhouse growth state of Western Australia.
TIGHT credit conditions significantly hampered commercial property sales activity in the Perth CBD last year, with the number of properties sold almost half that of 2007.
A TALE of two halves is the most apt description of capital raisings last year, with the fall-off in the latter part of the year meaning investors are likely to be more selective in 2009.
AS the state government conducts an audit on capital works projects worth more than $20 million in an effort to contain spending, a number of affected design firms have already started to count the financial costs, including redundancies.
A DISASTER or a strong recovery - that's Martin Place Securities managing director Barry Dawes's each-way bet for what's likely to pan out in equity markets in 2009.
RECRUITERS in Western Australia say the fall in job advertisements is not an accurate predictor of workplace trends, and businesses should focus on building their employment brand.
DEBT is a theme across all the top deals of 2008, something that hasn't featured previously because such matters were considered relatively boring in a market awash with cheap credit.
