Latest Headlines

New home sales figures released by the Housing Industry Association of Western Australia today, show a 10.4 per cent rise in the sale of new homes among WA's largest builders in November.

Monarch Gold Ltd has remodelled its 12 month mine plan for 2008 to ensure monthly gold production targets can be met.

Emerging mineral explorers Jameson Resources Ltd, Bellevue Resources Ltd and Noah Resources NL have made modest debuts on the Australian Securities Exchange today.

West Perth-based diamond explorer Paramount Mining Corporation Ltd has appointed Solco Ltd chairman Steven Cole as its new non-execuitve chairman.

The state opposition has unveiled a major plan for the strategic relocation of heavy port operations and road freight traffic out of North Fremantle to a new port in Kwinana, which could link in with Len Buckeridge's James Point port proposal.

Euroz Ltd announced today that its subsidiary Westoz Funds Management Ltd has successfully completed an $80 million capital raising for the initial public offering of Ozgrowth Ltd.

West Perth-based gold explorer Exco Resources Ltd has sold its Exco Operations (SA) subsidiary for $12 million to Syrah Resources Ltd and RMB Resources Ltd.

Shares in aspiring iron ore miner Talisman Mining Ltd made a small eight per cent gain on return to trade today, despite news that Jubilee Mines Ltd executive chairman Kerry Harmanis will acquire a stake in the company.

Emerging Australian gold company Emmerson Resources Ltd has made a steady debut on the Australian Securities Exchange, following the completion of its heavily oversubscribed $20 million Initial Public Offer.

West Perth-based iron ore explorer Vector Resources Ltd has made a strong debut on the Australian Securities Exchange, with the value of its shares surging more than 65 per cent.

Accomodation services provider MAC Services Group Ltd has been selected by the state government to construct a 1,400 unit accommodation village at Gap Ridge, near Karratha.

Newly listed West Perth-based resources company Apollo Minerals Ltd has taken a significant step forward in the development of its recently acquired Western Australian iron ore project, following the signing of a Memorandum of Understanding with Chinese I

Perth-based Carrick Gold Ltd has raised $18 million after placing 10.6 million shares in the company at $1.70 each to investors and clients of BBY Ltd.

Shares in Perth-based mineral explorer Syndicated Metals Ltd remained steady at 34 cents today, following the company's strong debut on the Australian Securities Exchange yesterday in which its 25 cent issue price soared 20 per cent.

Jubilee Mines NL has written to shareholders today urging them to accept a takeover offer from Xstrata Nickel Australia Pty Ltd, which currently holds 40.13 per cent of Jubilee shares.

Nickel explorer Heron Resources Ltd has launched legal proceedings against Russian giant Norilsk Nickel in the Western Australian Supreme Court in a bid to gain access to the Bulong tenements near Kalgoorlie.

Contract labour hire firm Workforce Solutions has rejected claims by the recruitment industry lobby group that federal government changes to the 457 visa scheme had thrown the sector into disarray.

With 11 days to Christmas, Western Australia's retailers are gearing up for a bumper festive season with WA shoppers tipped to spend a record $2.8 billion this December.

Shares in Fairstar Resources Ltd sank another 5 per cent today as it revealed its holding in takeover target Golden West Resources Ltd had fallen from 32.2 per cent to 24.8 per cent.

A spokesman for Fortescue Metals Group Ltd said the group would not comment on reports that its chief executive, Andrew Forrest, held discussions with bankers in Beijing earlier this week seeking loans to help fund a $1 billion expansion of its Pilbara ir

Emerging from a trading halt today, engineering services group Neptune Marine Services Ltd has raised $61 million to primarily fund the acquisitions of Ross Deeptech Initiatives Ltd and Sea-Struct businesses.

Emerging mining and exploration players Navigator Resources Ltd and CityView Corporation Ltd have successfully completed share placements to raise $5 million and $10 million, respectively.

An independent expert's report by Deloitte Corporate Finance has concluded that Arc Australia Ltd's proposed acquisition of Anzon Australia Ltd is fair and reasonable.

Housing and works minister Michelle Roberts said a land release in South Hedland would provide a much-needed boost for housing in the region and re-vitalise the North-West town.

West Perth-based Bellevue Resources plans to list on the Australian Securities Exchange on December 18, after raising $3.5 million through its initial public offering.

Golden West Resources Ltd has firmly rejected Fairstar Resources Ltd's improved scrip takeover offer, arguing that the value of Fairstar scrip is highly uncertain and volatile and that Fairstar adds nothing to the planned Wiluna West iron ore project.

Jupiter Mines Ltd has appointed former Batavia Mining Ltd managing director, Greg Durack, as chief executive officer.

Welshpool-based RCR Tomlinson Ltd has secured $60 million in new project orders through its engineering, electrical, maintenance and energy business units.

Chamber of Commerce and Industry Western Australia boss John Langoulant has resigned from the peak business and employer group to take up the role of chief executive with Kerry Stokes' private company, Australian Capital Equity Pty Ltd.

Premier Alan Carpenter has unveiled a $73 million package of initiatives that he said was designed to transform dance, theatre, music and visual arts, as well as change the shape of Western Australia's cultural landscape.

Uranium West Pty Ltd, a wholly owned subsidiary of Perth-based Crescent Gold Ltd, has committed $16 million to a uranium exploration program in South Australia.

Perth-based gold exploration company Scotgold Resources Ltd has launched an initial public offer to raise up to $6 million ahead of its plans to list on the Australian Securities Exchange in 2008.