Steel group Posco Australia has acquired a 19.99 per cent stake in West Perth based exploration company Sandfire Resources through a proposed share placement.
Financial services major Commonwealth Bank is to remain the Western Australian Government's sole supplier of transaction banking and related services, representing about $45 billion a year in transactions.
West Perth based mineral exploration company Metex Resources Ltd, has secured $11 million through share placement with chemical and fertilizer group Incitec Pivot Ltd.
Pilbara iron ore explorer FerrAus Ltd has become the latest resource company to attract the interest of China, with mining and smelting company Western Mining Co Ltd to take a 10 per cent stake.
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Midwest Corporation Ltd said it does not need shareolder approval to nominate preferred infrastructure provider Yilgarn Infrastructrue Ltd to develop the $1.5 billion Oakajee Port, following ASX consultation.
Mermaid Marine Australia Limited has completed an institutional placement to raise $36.3 million, including a $8.9 million conditional component which is subject to shareholder approval.
Think tank the Committee for Perth has made two key appointments to its high-powered board - adding business leader John Langoulant and major accounting player Jeff Dowling - as it embarks on its first major steps to improve the city's amenity.
West Perth based mineral exploration company Beacon Minerals Ltd has announced positive results from its Barlee Gold Project in Western Australia, saying it will provide confidence for further regional exploration.
A new $35million purpose-built submarine maintenance facility at the Australian Marine Complex (AMC) will bring in millions of dollars to the State over the next 25 years.
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National logistics giant Toll Group has bought Herdsman-based Courier Australia, taking 100 per cent of the Western Australian company which has been operating for almost 50 years.
Western Australian companies Quickstep Holding Ltd and Vortex Pipes Ltd have announced a joint venture to develop and market a new generation of high end pressure pipes, featuring improved strength and corrosion resistance.
Embattled state opposition leader Troy Buswell used a pre-planned address to a business lunch today to outline his policy agenda, which includes proposals for state-funded paid parental leave, a state energy strategy and improved approvals for projects.
Perth based company Amcom Telecommunications Ltd has announced a forecast 30 per cent increase in net profit for the financial year, in comparison to its 2007 result.
Industry groups and the state government have welcomed the announcement of a $1 billion plan to transform Perth Airport by integrating the domestic and international terminals and building a new terminal dedicated to regional air services.
Woodside Petroleum Ltd said it is determined to find the right type of gas for the expansion of its Pluto LNG project, despite poor exploration results which could lead the oil and gas producer to miss its end-of-year final investment decision deadline.
The eastern end of Perth's CBD will undergo a massive transformation, with housing for 5,846 residents and commercial space for 1,704 workers as part of a projected $880million investment by the State Government and private sector.
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The fallout from the failure of Lift Capital Partners and Opes Prime Group is spreading, with at least four Perth company directors having a big parcel of shares sold as a result of their involvement with the east coast margin lenders.
Chinese interest in Australia’s iron ore sector has gone to a new level, with East Perth-registered exploration company Legacy Iron Ore Ltd seeking to list on the stock market.
Iron ore miners in the Mid West region will have more room to move following the $49 million upgrade of Berth 5 at the Geraldton Port, but it may not be enough space in 18 months’ time.
Australian exploration companies are renowned for pursuing opportunities in all corners of the globe, seeking out regions that will give them a competitive edge.
As new Chamber of Commerce and Industry WA chief James Pearson jetted off to Russia this week with a state trade delegation, his colleagues may hope he’s dotted the ‘i’s and crossed the ‘t’s on his paperwork.
