Latest Headlines

Construction and engineering firm Macmahon Holdings Ltd has launched a $446 million takeover bid for Canning Vale-based Ausdrill Ltd, a year after the drilling contractor revealed it had been approached by an unidentified suitor.

Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.

The Perth Convention Bureau has secured 10 conferences over the last two months that are expected to deliver over $26.4 million of deligate spending to the State.

The State Government has launched a new program to help Western Australian shoppers identify and purchase locally produced food.

New motor vehicle sales in Western Australia rose by 2 per cent in April, bucking the trend as higher interest rates and rising fuel costs saw national sales fall by 0.8 per cent seasonally adjusted, the Australian Bureau of Statistics said today.

Western Australians Dr Ron Edwards and Professor Fiona Stanley will join 11 other members on the Australian Social Inclusion Board, which will meet today for the first time.

Wave energy and clean tech developer Carnegie Corporation Ltd has raised $2.5 million through a private placement to institutional and sophisticated investors.

Epsilon Energy has entered a trading halt as shares in the Subiaco-based explorer skyrocketed by as much as 411 per cent in trade today, after an exploration target of 1 billion tonnes of iron ore was revealed for its Mardie project in the Pilbara.

West Perth based Ampella Mining Limited has appointed Dr Paul Kitto to the role of Chief Executive Officer, reporting directly to the Company's Board of Directors.

Perth based Iluka Resources Ltd will spend up to $420 million developing the Jacinth-Ambrosia mineral sands project in Eucla Basin, South Australia.

Over two thirds of Australians expect to receive a pay rise this year, with one third claiming they will look for another job if their request is unsuccessful, a CareerOne.com.au survey says.

Macquarie's golden run finally falters; Reserve fuels rate rise fears; SMS sheds jobs, seeks capital after grant axed; Mitchell expands WA presence with $6.2m agency buyout; New Orbital chief to run a full review of operations

West Perth based Overland Resources Ltd has lodged a prospectus to raise $10 million, with funds being used to conduct a full feasibility production study at its Andrew Zinc Deposit in Canada.

The recent appointment of The Board of Infrastructure Australia, who will allocate funding from the $20 billion national infrastructure fund, has been condemned by the Chamber of Commerce and Industry of Western Australia for not giving WA business a dire

Manas Resources Ltd, the spin-off company of Balcatta-based gold miner Perseus Mining Ltd, has launched a $6 million initial public offering to further its exploration efforts in the Kyrgyz Republic of Central Asia.

Perth based engineering services company, Neptune Marine Services Ltd, has acquired a $31.3 million sea vessel, the Nor Sea.

Perth based IT services company L7 Solutions has been awarded two long term contracts with Western Power and Horizon Power.

In a positive sign for the battered listed property sector, Perth-based developer and investment player Aspen Group, has launched a new property fund, seeking to raise $40 million.

The Home Building Society name will disappear from Western Australia, with the Bank of Queensland announcing it consolidate its local operations under its own brand name from June 2008.

IAG spurns QBE's revised offer; Burrup says Apache deal ends gas shortfall fears; BHP pushes ship rates to record; Predators line up for bite at Albidon nickel; Woodside breaks $70 as resources stocks boom

West Perth based Atlas Iron Ltd is planning to begin operations and export of iron ore from its Pardoo Project in October, awarding Northern Territory based CDE Capital Pty Ltd the mining contract for the project.

Perth based company Jupiter Energy Ltd will aim to raise $7.6 million, through a share and option placement, to fund current acquisition efforts.

Perth-based nickel miner Albidon Ltd could be in play as a takeover target after its major shareholder revealed plans to sell its blocking stake worth some $37 million.

Demand for executives in Western Australia rose by 9 per cent in April, while nationally demand fell to its lowest level since 2006, a consultancy executive demand index shows.

Mineral exploration company Noble Mineral Resources Ltd plans to raise at least $2 million to fund existing projects and raise working capital through an initial public offering.

Perth based property and land developer Peet Ltd has announced that its civil contractor for its Innisfail Estate development has placed itself into voluntary administration.

Burswood based Wavenet International Ltd has sold its 100 per cent owned subsidiary, Wavenet Technology Pty Ltd for an upfront payment of $585,372, with a further payment of up to $563,174 to be paid in the next 30 days.

West Perth based mineral exploration company Metex Resources has raised $22 million, with funds being used to complete its Underground Coal Gasification trial site in Queensland.

Burrup reduces float target after trimming gas sale; Closure fears for WA grain rail network; Directors' personal liability to be eased; Investec hunts credit victims; Commodities gains tipped to lift index

Recently appointed Chairman of The Pisces Group, John Hewson, has criticised the Reserve Bank of Australia for excessively using interest rates to try and manage inflationary pressure at the Mortgage and Finance Association of Australia 2008 National Conv

The Federal Government will provide BEC Australia with $42 million over four years to fund one-stop small business advisory centres across Australia.

Osborne Park based Advanced Braking Technology Ltd will aim to raise $4.6 million to fund a network of service centres in Kalgoorlie, the Pilbara, eastern states and South Africa.