Wesfarmers Ltd says its pre-tax earnings will be cut by up to $20 million a month, as the company feels the impact of gas outages following an explosion that closed down the Varanus Island gas plant.
Australian Competition and Consumer Commission chairman Graeme Samuel has today defended the integrity of the corporate watchdog, but said a 'reality check' was needed on commentary by the ACCC on the decision making process.
The state government will contribute a further $6 million towards the restoration of the Busselton Jetty, covering the gap initially allocated to the federal government.
North Perth-based Frontier Resources is preparing legal action against Papua New Guinea to recoup over $3 billion in expenditure and lost profits after the government refused to renew the licence covering its Kodu deposit.
Engineering and project management business Emerson Stewart Group Ltd has made a premium debut on the stock market today with its shares opening at a 15 per cent above its 20 cent issue price today.
Perth-based Beadell Resources Ltd has potentially secured a $50 million debt facility with ANZ to help fund part of its purchase of the Cracow gold mine in Queensland.
A week after dropping its acquisition of Adelaide-based drilling company Underdale Drillers, base metals explorer Haddington Resources is now eyeing Brisbane company Pheonix Drilling Services.
Chinese producer Hunan Nonferrous Metals Corp has increased its stake in Abra Mining Ltd to 50.2 per cent, putting it in reach of its takeover offer to acquire 70 per cent of Abra shares.
Perth engineering company Macmahon Holdings Ltd has negotiated a $100 million extension to a contract with BMA Coal Operations, which owns and operates the Saraji coal mine in Queensland.
Mining identity Michael Kiernan has quit the boards of several West Perth-based resource companies in a bid to reduce his workload and focus on embattled Monarch Mining Gold Company Ltd.
BHP hails bumper ore price but wants more; BG lobs hostile $14bn Origin bid; Boom prices the people out of Pilbara; Strategy clash sees Kiernan quit Territory board; Perilya, CBH hit as failed merger test tempers
The state government is set to reap over $680 million in iron ore royalties over the next four years after Rio Tinto confirmed it had secured an 85 per cent price increase with Chinese customers.
Malaga-based Automotive Technology Group Ltd has signed an agreement with ARE Engines Ltd to jointly evaluate the fuel saving and lower emission capability of the patented Almasi Rotary Engine.
Boutique brewing company Oz Brewing Ltd has suspended trading of its shares indefinitely pending the release of an announcement relating to its acquisition of assets from Shedco Group Pty Ltd.
Oil and gas company Santos has forecast a net production loss of 1.2 million barrels of oil equivalent for 2008 thanks to the Varanus Island gas incident.
East Perth-based VDM Group Ltd, through its subsidiary Keytown Constructions, has been awarded a $13 million contract by Fortescue Metals Group to build 24 houses in South Hedland.
Perth-based oil company Odyssey Energy Ltd has entered into an agreement with Marion Energy Ltd to sell its North Helper and Jester-Bloomington projects for consideration of 27.5 million Marion shares.
Perth-based grain handler The CBH Group has welcomed the passing of the federal government's export wheat marketing bill which will provide more choice to the state's wheat growers.
WA eyes $340m bonanza; Austal casts a wide net for new chief as Rothwell steps ashore; WA gas crisis to ease in August; Perilya to cut and run from CBH link; Wyllie Group gets back into energy with $15m Amadeus stake
A study into West Perth-based DMC Mining Ltd's Maroko iron ore project in the Republic of Congo has revealed potential revenue earnings of $US1.1 billion ($A1.2 billion) based on a 11 million tonne per annum operation.
Charter Hall Group Ltd has announced that the Police and Nurses Credit Society has officially signed a 10 year lease at the ONE30 Stirling Street project, located on the fringe of Perth's CBD area.
Engineering services company Neptune Marine Services Ltd, through its subsidiary, Link Weld Engineering, has been awarded two fabrication contracts, one with Apache Energy Ltd, collectively worth more than $5 million.
Apex Minerals NL is expecting the first gold pour from its Wiluna gold project in Western Australia in November, after the finalisation of a study pegged cash costs at around $A560 per ounce.
The state's gas shortage is expected to last for another six months as Apache Energy Ltd, the operator of the shut down Varanus Island gas plant, calls on the federal government to review a policy that may have exacerbated damage at the facility.
The Takeovers Panel has ruled that Harbinger Capital Partners will not be allowed to vote with its 4.27 per cent interest in takeover target Midwest Corporation Ltd while a bid by Chinese steelmaker Sinosteel is active.
A scoping study into Subiaco-based Wolf Minerals' Hemerdon tin and tungsten project in the United Kingdom has revealed a capital cost estimate of $160 million for a three million tonne per annum operation.
Australian consumers are increasingly becoming aware of the Perth-based BankWest brand while Bill Gates' Microsoft has been named as Australia's most authentic brand, a study has revealed.
