Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.
Perth-based mining and exploration company Mindax will reduce its board membership from six down to four as a part of a company restructuring effort designed to minimise costs.
Cash Converters has entered into a joint venture with American pawn store giant EZCORP to launch the cash converters brand in Mexico and South America.
Western Areas is looking to raise $104 million to reduce debt and provide greater financial flexibility after a positive half-year report which saw the nickel miner turn a big loss to a modest $2.7 million net profit.
Perth-based Rumble Resources has signed an earn-in agreement with Blackham Resources for the acquisition of up to 75 per cent of the Zanthus project inside the Albany Fraser Tectonic Zone in the State’s south west.
Redstone Resources has raised $1.65 million to fund exploration of its 100 per cent owned Tollu copper project in the West Musgrave region of Western Australia.
Perth-based miner Integrated Resources Group has signed a conditional farm-in agreement of up to 85 per cent of four permits with more than 3000 square kilometres of prospective copper-filled land in Zambia.
Perth-based Volta Mining has raised $2.5 million to advance its exploration efforts at the DSO Newman iron ore project in the Pilbara and has completed the acquisition of Pilbara Commodities.
Struggling contractor Forge Group has forecast a loss of up to $25 million for the 2014 financial year, slashing its earnings guidance on the back of cost blow-outs at several projects.
US-based multinational Rollins Inc. has announced an agreement to acquire the assets and operations of Welshpool-based pest control company Allpest WA.
Sino-Australian investment house ASF Group will become the single largest shareholder in Perth-based Key Petroleum after agreeing to a 19.9 per cent placement of Key shares as the company expands its interests in Canning Basin oil and gas plays.
The state government has postponed some of its big transport infrastructure projects in order to reduce the projected increase in state debt, as it strives to regain its AAA credit rating.
Eden Energy will continue to wait to sell its entire UK coal seam methane and shale gas portfolio for up to £11.5 million ($21 million), due to UK-based buyer Shale Energy failing to complete a £7 million capital raising for the purchase.
McAleese Resources, a subsidiary of McAleese Group, has been awarded a four year, $250 million iron ore haulage contract for Atlas Iron’s Mt Webber mine in the Pilbara.
Perth residents can now see how their hometown stacks up against the world’s greatest cities via a ground-breaking online project, which compares life in global urban centres.
Perth-based miner Pacifico Minerals has entered an agreement with Miguel Angel Perez Villa to acquire up to a 90 per cent interest over three years of its share of the Berrio gold deposit in Antioquia, Colombia.
Perth-based gold explorer Primary Gold will raise up to $2.4 million for its Toms Gully mine at the Mt Bundy gold project in the Northern Territory with its appointed lead manager Patersons Securities to underwrite up to $1 million to the rights issue.
Bulletin Resources has enlisted its major shareholder Matsa Resources to acquire up to a 75 per cent interest for its Halls Creek gold projects in a $4.4 million binding term sheet.
Forge Group shares have risen on news it has secured a $40 million contract, helping to repair an 80 per cent single-day nose dive in late November when it announced a $127 million profit writedown on two power stations.
The University of Western Australia will receive a $17 million donation from BHP Billiton for its New Century Campaign, with the engineering faculty and busines school to be the main beneficiaries.
Western Australian farmers are increasingly confident about their outlook and may enjoy their best profits in a decade after the scale of the state's grain harvest was upgraded to near record levels.
Design proposals for the new Perth Stadium have been received from three private sector consortia – Confidem, Evolution and WESTADIUM – with a panel to announce the successful bidder for the project in mid-2014.
Perth-based GR Engineering Services has diversified from mining into the oil & gas sector, with the purchase of Melbourne company Product Solutions for $5.75 million.
Etihad Airways has announced plans to launch daily flights between Perth and Abu Dhabi next year, meaning all three of the big Middle Eastern airlines will be operating out of Western Australia.
Perth-based Xstate Resources have dropped their target of gaining 100 per cent control of Bombora Energy in an amended heads of agreement that will see them acquire 75.9 per cent of the shares on issue.
ThinkSmart shares have shot up 39 per cent upon its announced agreement to sell its Australian and New Zealand businesses to financial services company FlexiGroup for $43 million to shift focus to its operations in the United Kingdom.
Engineering and construction company VDM Group will look to strengthen its balance sheet through an $18.7 million capital raising, with the company's major shareholder H&H Holdings contributing $9 million to the finance boost.
