Latest Headlines

West Perth-based Liquefied Natural Gas Ltd has raised $11.4 million, partly through the sale of a 10 per cent stake in its issued capital to Arrow Energy Ltd.

A new licence will be introduced next year, aimed at curbing freight on heavy-haulage trucks between plantation sites and Bunbury.

Perth-based Aspen Group Ltd has acquired a 4.5 hectare industrial site in Queensland for $13.6 million.

Western Australian small business owners are generally not a happy bunch when it comes to the performance of the state government, according to the latest MYOB Australian Small Business Survey released today.

Subiaco-based Summit Resources Ltd has entered into an agreement with unlisted UK company MM Mining Plc for the farm out of 80 per cent of Summit's interest in a number of tenements in North-West Queensland.

Engineering and construction company Clough Ltd has appointed Deloitte Touche Tohmatsu as its new auditor, replacing PricewaterhouseCoopers.

West Perth-based gold miner Troy Resources NL has lodged a preliminary prospectus in Canada ahead of its intended listing on the Toronto Stock Exchange.

Architectural firm Woods Bagot has been commissioned to design a new $200 million Biosecurity and Agricultural Research Facility at Murdoch University.

IT services provider ASG Group Ltd has won a $2 million contract to deliver the Oracle Financials re-implementation project for the ACT Government.

Housing loan activity in Western Australia was the weakest in the nation in October, falling 3.2 per cent, with new data released today showing rising interest rates are taking their toll on home loan borrowers.

Michael Kiernan's Territory Resources Ltd has firmly put its foot on mineral sands company Olympia Resources Ltd by lifting its stake from 14.0 per cent to 19.7 per cent.

Andrew Forrest's Fortescue Metals Group Ltd is in discussion with Clive Palmer's Mineralogy Pty Ltd about the potential of blending low-grade iron ore to supply the Chinese market.

West Perth-based Baraka Petroleum Ltd has acquired a 20 per cent stake in a highly prospective Colombian Block for US$1.8 million ($2 million).

Equinox Minerals Limited shares surged more than 10 per cent during trade today, following the announcement that Canadian investor First Quantum Minerals Ltd had acquired a 17 per cent stake in the company.

Australand Ltd is set to release another 12 premium marina lots with ocean views at its $900 million Port Coogee development, following the sell-out success of "The Peninsula" land release last month.

Shares in Brierty Ltd have debuted at a 75 per cent premium to its $1 issue price as it revealed it was in exclusive negotiations to buy WA civil contractor Wormall Pty Ltd for between $55 million and $60 million.

Macmahon Holdings Ltd has been awarded a construction contract valued in excess of $80 million for BHP Billiton at Newman.

Chinese steelmaker Sinosteel is proposing a cash takeover offer for iron ore miner Midwest Corporation Ltd that values the target at $5.60 per share, well above Murchison Metals Ltd's floundering scrip offer.

Creditors of failed biotechnology company Chemeq Ltd are facing losses approaching $40 million after its receivers failed to sell its land and buildings in Rockingham, which are its main asset.

Bentley-based alternative waste technology company AnaeCo has reduced the minimum subscription level of its initial public offer from $5 million to $3 million, and extended the offer closing date to January 11.

Perth-based Capitol Health Ltd has emerged as Melbourne's third largest private radiology clinic owner following the addition of the established Bell Imaging and South East Medical Imaging groups to its Victorian portfolio.

New legislation that will pave the way for a geothermal industry in Western Australia has been passed by both Houses of State Parliament.

Western Australian canola growers are reaping early benefits of the Victorian and New South Wales Governments' decision to lift their moratorium on the commercial production of genetically modified crops, WA agriculture and food minister Kim Chance said.

Australian commodity export earning are forecast to increase by 1 per cent to more than $140 billion in 2007-08, according to the latest Australian Bureau of Agriculture and Resource Economic's Australian Commodities publication.

Major printing franchise Worldwide Online Printing has diversified its operations by acquiring professional writing firm Wordplay Media for an undisclosed sum.

West Perth-based resource investment and exploration company Artemis Resources Ltd has raised $4 million to grow its diversified portfolio of prospects in Western Australia and Africa.

Shares in takeover target Midwest Corporation Ltd rocketed 12 per cent higher today after the company disclosed that it was in discussions with "parties interested in pursuing corporate transactions".

West-Perth based Emu Nickel Pty Ltd is looking to raise up to $20 million through an initial public offer to fund its nickel mining aims.

The Nationals WA leader Brendon Grylls says regional WA has been well-served by Agricultural Region MLC Murray Criddle who today announced his intention to retire from the WA Parliament early in the New Year.

Australian stockbroker Patersons Securities Ltd is launching a significant expansion of its national network with the opening of an office in Brisbane.

Western Metals Ltd has struck an agreement with BHP Billiton for the option to acquire a 100 per cent stake in the highly prospective Snowbird nickel and base metals project in Canada for $US1.5 million ($1.7 million).

One striking example of how local councils are interfering with the intent of Western Australia's new liquor licensing laws is found on the sleeve of the wine list and menu at the state's first approved small bar, the Essex St Organic Wine Bar in Fremantl