China buys into big battle for Rio spoils; Scook, Braysich guilty of phoney share trading; Panel vest Murchison forecast; Telstra settles class action with investors; Inflation pressures put brakes on campaign promises.
As the nation watched horses on Tuesday, Wednesday saw a bullish Reserve Bank increase interest rates to 6.75 per cent. Meanwhile, debates were held on the Environment and Industrial Relations as the WA government released a controversial study.
Perth-based gold explorer Tianshan Goldfields Ltd will raise $15.5 million through a placement to fund feasibility studies and a drilling program on its Gold Mountain project.
Takeover target Midwest Corporation Ltd has appealed to the Takeovers Panel, seeking a declaration of unacceptable circumstances in relation to the offmarket takeover bid made by Murchison Metals Ltd.
Australian Infrastructure Fund has lifted its stake in Perth Airport to at least 29.3 per cent after the fund's parent body, Hastings Funds Management Ltd, acquired BAA International Holdings for $775 million.
Food giant Goodman Fielder has urged all state governments to continue their moratoria on genetically modified food crops, providing support for agriculture minister Kim Chance's decision to continue a moratorium.
Perth-based Clough Ltd's Indonesian subsidiary PT Petrosea Tbk has reached an agreement to expand contract mining activities at the Sanga Sanga coal operations, the company has announced.
The Geraldton Iron Ore Alliance claims new analysis shows less than one per cent of the Mid West region's Banded Iron Formation ranges will be mined under current proposals of the eight Alliance companies.
Perth-based AuDAX Resources Ltd has announced plans to acquire Subiaco-based Alpine Oil and Gas Pty Ltd for a scrip issue worth around $3.8 million, the company has announced.
West Perth-based Heritage Gold NZ Ltd will raise around $1.6 million through an issue of rights on a one for seven basis, raising funds to advance exploration of the company's gold tenements in Australia and New Zealand.
Perth-based metals explorer Tasman Resources NL has raised almost $2 million under its pro-rata renounceable rights issue, with a shortfall of 2.3 million shares worth around $500,000, the company has announced.
West Perth-based energy exploration company Blue Energy Ltd subsidiary Eureka Petroleum Pty Ltd has been named the preferred tenderer for 375 contiguous sub-blocks of coal seam methane gas, 130 km west of Brisbane, the company has announced.
Nedlands-based gold explorer Integra Mining Ltd will raise $31.5 million to fund ongoing exploration on its Eastern Goldfields assets, the company has announced.
East Perth-based Macmahon Holdings Ltd has secured a 10-year quarrying contract for France-based Lafarge SA's cement manufacturing plant in Aceh, Indonesia, worth around $64.8 million.
Planning and Infrastructure Minister Alannah MacTiernan announced today that RailLink will be running the first test train will on the new Mandurah line between Perth and Rockingham this morning.
Rio stock set to soar on back of BHP takeover offer; Fortescue on back foot over director, auditor; AGL in hot seat in pay revolt; Westpoint investors keep hopes in check; Wesfarmers chief quick to take control of Coles.
Northbridge-based VDM Group Ltd subsidiary, Queensland-based Bellero Constructions Pty Ltd has been awarded a $30m contract for the construction of the Bundaberg Ring Road by the Queensland Department of Main Roads.
Four of the six civil society organisations posing a legal challenge to Paladin Resources Ltd's Kayelekera mine in Malawi have settled their cases out of court, the Subiaco-based mineral explorer has announced.
West Perth-based Herald Resources Ltd has announced plans to raise $100 million in a capital raising after securing environmental approval for work on its Dairi zinc and lead mine in Indonesia, the company has announced.
Perth-based gold exploration company Silver Lake Resources has closed its $30 million initial public offer early, due to significant public interest, the company has announced.
Biotechnology company Rockeby Biomed Ltd has announced plans to raise $2 million through a share purchase plan to existing shareholders, to help fund the international expansion of the company's existing products and continue research and development acti
The Town of Victoria Park will retain the landmark Belmont Park Racecourse site, following the state government's decision to knock back a district boundary amendment proposal by the City of Belmont.
Bibra Lake-based rubber recycling company Reclaim Industries Ltd will develop a tyre processing facility capable of producing fuel and other byproducts, the company has announced.
North Perth-based Backreef Resources Ltd has issued a supplementary prospectus extending the closing date of its initial public offer to January 31 2008 after failing to raise sufficient funds during its initial offer period.
West Perth-based Vulcan Resources Ltd has been hammered by investors after disclosing that planning for its flagship Kylylahti project in Finland has been adversely affected by higher than expected costs and an unfavourable exchange rate.
Shares in West Perth-based Comdek Ltd were the most traded on the Australian Securities Exchange yesterday, after the former telecommunications company announced a deal to gain access to a South African coal resource.
Investor group backs Midwest; Investors lash Telstra over Sol's millions; Wesfarmers chief warns of hard yakka on Coles; Buyout offer for family-run group spurs float plans; Pluto carbon offset worth $100m to CO2.
West Perth-based Beadell Resources Ltd will pay $2 million in cash and scrip to Boulder-based Challenge Drilling to guarantee priority access to both aircore and reverse circulation drill rigs over a 2 to 3 year period, the company has announced.
Perth-based Sunset Energy Ltd has performed strongly in its debut on the Australian Securities Exchange, closing at 28.5 cents, up 42.5 per cent from its offer price.
