Edited announcement

A major redevelopment of Belmont Park racecourse is back on the table after Planning Minister John Day today approved the advertising of a metropolitan region planning scheme amendment.

Perth-based Westralian Gas and Power has signed a title transfer and share sale agreement and a joint venture shareholder's agreement with Oswal Resources.

Construction of the $55 million Muchea Livestock Centre has been given the green light by the state government.

Perth-based engineering firm, GRD Minproc has been awarded an ore processing technology contract on the world's largest uranium deposit and a world scale copper and gold resource, BHP Billiton's Olympic Dam Expansion Project.

Galaxy Resources has appointed Iggy Tan as the company's managing director.

West Perth-based Iron Ore Holdings has discovered a new high-grade iron ore deposit at its 100%-owned Weeli Wolli Project near Yandicoogina in the Pilbara.

Gold miner Resolute has announced that it will not proceed with a renouncable rights issue, two weeks after telling the market it was planning to restructure and re-price the issue.

Timbercorp has revised its profit forecast from an estimated $57 million down to approximately $44 million following a review of its current projects and assets.

The North West Iron Ore Alliance has appointed former chief executive of the Association of Mining & Exploration Companies (AMEC), Dr Justin Walawski, as its chief executive.

Perth-based Oroya Mining intends to raise over $1 million through a renounceable rights issue to continue it's exploration projects around the country.

Commerce Minister Troy Buswell will recommend Western Australia opts out of joining a national industrial relations system that would refer its industrial relations powers to the Commonwealth.

Perth-based Stirling Products has terminated some of its existing contracts and put plans on hold with a number of other separate organisations.

Nido Petroleum has delivered its first cargo of almost 300,000 barrels of Galoc crude oil to the Petron refinery at Limay, Philippines.

Avalon Minerals is hoping to raise $2 million through the placement 20 million shares at 10 cents per share to progress drilling and feasibility studies at its flagship Viscaria Copper Project, located in Northern Sweden.

Herald Resources has secured a standby loan facility for up to US$30 million from PT Bumi Resources TBK.

Consulting engineers and international professional services company GHD has appointed Perth-based Ian Shepherd as its new chief executive.

Western Australian agribusiness improved in the September quarter with further improvement expected in the December quarter.

Neptune Marine Services has been awarded two repair projects in the Gulf of Mexico worth almost $15 million.

Cooper Energy has become the major shareholder in Incremental Petroleum, purchasing a share of almost 27 per cent in the company.

Atlas Iron has hauled the first iron ore shipment from its Pardoo Iron Ore Project to Fortescue Metals Group's port facilities in Port Hedland.

Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.

The federal government has announced details of a new financial literacy program designed to help young people make decisions about insurance and superannuation in their future.

Housing and Works Minister Troy Buswell has appointed Grahame Searle as Director General of the Department of Housing and Works.

The Water Corporation has named Sue Murphy as its new chief executive, replacing Jim Gill who retires at the end of the year after a 12-year reign.

iiNet managing director Michael Malone has warned a Senate Committee that the federal government's national broadband network is doomed to be a huge monumental failure and a waste of $5 billion of taxpayers money.

Global miner Xstrata has boosted its interest in West Perth-based Pioneer Nickel and has agreed to provide over $1 million to the company to explore the Acra project in Western Australia.

Bentley-based waste recycling company AnaeCo has teamed up with a private firm to explore the feasibility of expanding its DiCOM waste processing facility to the eastern states.

Engineering firm Monadelphous Group has secured a $76 million contract from Ports Corporation of Queensland for expansion works at the Abbot Point coal terminal.

Perth-based Indo Mines has received government approval to develop its $870 million Jogjakarta liquid iron project in Indonesia, the first such approval granted to a foreign company in over 10 years.

Downer EDI has secured a $35 million engineering contract with BHP Billiton for expansion works at its Pilbara iron ore operations, while Paladio Group has won its third Woodside contract in two months.

The state government has announced it is seeking a development partner for a major part of its landholding at Alkimos, 40 kilometres north of Perth.

Perth property developer Kevin Pollock has been given a suspended three year sentence in the Supreme Court of Perth after being found guilty of fraud charges totalling over $3 million.