Conglomerate Wesfarmers says it expects a lower dividend for the third consecutive year as it launches a heavily discounted rights issue to raise nearly $3 billion to help pay down debt from its $20 billion Coles acquisition.
Shares in Anvil Mining have closed up 27 per cent after it reached a deal with the government of the Democratic Republic of Congo over its Dikulushi and Kinsevere mines.
Perth-based leisure technology firm V3 has been awarded a state government tender to provide online booking technology for Tourism Western Australia's website.
Cooper Energy says it is well placed to achieve record production for the 2009 financial year as it reports a 17 per cent lift in oil production for the December quarter.
Azure Capital managing director Michael Minosora has joined the executive team at Fortescue Metals Group as part of a reshuffle in a bid to sustain operations in the current economic climate.
Paladin Energy has exceeded production capacity at its Langer Heinrich uranium mine for a second consecutive quarter as it extends its takeover bid for Fusion Resources.
Great Southern says it will pursue other interested parties for the sale of a Queensland forestry estate after a private international timber fund pulled out of a $23 million deal.
Premier Colin Barnett has reportedly indicated the government could buy back some houses in the Ravensthorpe and Hopetoun areas following BHP Billiton's decision yesterday to close its nickel operation.
Newcrest Mining, Australia's biggest gold company, has delivered a drop in gold production during the second quarter and cut full year production forecasts for its Telfer mine in Western Australia.
Wesfarmers has launched an equity raising to raise a minimum of $2.8 billion, comprising a three for seven accelerated pro-rata non-renounceable offer, at $13.50 per share.
Developers of tourism accommodation are adopting a range of responses to the financial crisis, with some going full steam ahead while others are taking a more cautious approach.
THE state government says it will cut advertising spending by 15 per cent, after campaign and non-campaign advertising increased $20 million in five years under the previous Labor government.
THE struggles being experienced by tourism operators in some parts of Western Australia seem to have missed the north-west, for time being at least, with businesses in Exmouth and Broome positive about the year ahead.
IN a bid to bring extra hotel rooms onto the market, a new study has highlighted investment opportunities in Perth's CBD by compiling a short list of commercial buildings suitable for conversion.
WESTERN Australia has suffered the biggest fall in job advertisements in December as ads across the country slump to recession-like levels, a key employment measure has found.
FORMER Woodside Petroleum executive Dave Agostini (pictured) has been appointed executive of the state government-Commonwealth inquiry into the Varanus Island gas explosion, along with Kym Bills of th
HISTORY shows us that the disillusioned, the disenfranchised, the oppressed, the impoverished, the downtrodden will eventually turn on the society that spawned and then abandoned them.
THE mortgage broking industry is preparing for a major transformation as the credit crisis and slowdown in the real estate market continues to dampen demand.
Western Australia's leading consulting engineers have expressed concern over the state government's capital works program, after a number of advanced projects were put on hold.
VENDORS and lessors of commercial buildings could be required by law to disclose the energy efficiency of their buildings under a proposed federal government scheme.
Kenneth Ambrecht bought 3,070 shares in Fortescue Metals Group at $2.281 per share at share market price, bringing the total value of his shares to $14,362369.
