The State Administrative Tribunal has ruled in favour of a plan to demolish buildings still standing on a section of land purchased for $59 million in 2015.
Bentley-based developer Stati Group is moving on a $35 million plan to build a major race track in Perth’s south-east capable of hosting international rally events and the Red Bull Air Race.
The multinational developer, which exited its $1 billion Waterbank project in Perth this year, has announced a $99 million loss at its full year results.
A Pindan contractor allegedly left $1 million out of pocket by the company’s collapse is now pursuing Rio Tinto for the cash, demanding it hand back the facilities at Gudai-Darri.
OreCorp has talked up the prospects for its Nyanzaga gold project in Tanzania despite revealing a big increase in expected pre-production capital costs.
MACA has reported a $42.8 million net profit due to a strong pipeline of work across WA’s resources sector, but is providing few details on the status of a much-discussed takeover.
Western Australia’s largest brewer has expanded its presence in Victoria and doubled the number of venues it owns with the purchase of Stomping Ground in a deal valued at around $10 million.
Shares in Adbri fell sharply today after the ASX company reported a fall in net profit and provided updates on major projects at Kwinana and Kalgoorlie.
The local share market has finished flat on Friday with a rally in the energy sector balanced by losses in financials, ending the week up 1.2 per cent.
M8 Sustainable has secured the $10 million of convertible notes it needed to complete its Gingin facility and pay other debts after its $8 million minimum raising fell short earlier this week.
Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.
