Staff Reporters

Perth-based Eden Energy hopes to raise $2 million through a share placement plan to fund general capital works.

Electrical engineering company LogiCamms has posted a $5.6 million statutory net profit after tax for the 2010 financial year, up 10 per cent on last year.

West Perth-based Altona Mining has announced it will become a major shareholder in Syndicated Metals after agreeing to divest a number of exploration licenses in Mount Isa to the company.

Property investment and funds manager Aspen Group has announced a full year operating profit after tax of $33.6 million up slightly from $33.2 million last year.

An independent group of experts has been appointed by the state government to provide high-level advice on how to employ a world's best uranium sector regulatory framework.

Aquarius Platinum has paid about $12 million to former contractor Moolman Mining to settle a four-year dispute related to its South African mining operations.

Key Petroleum's chairman Ted Ellyard and non-executive director Richard O'Shannassy have agreed to resign after a group of shareholders requested a general meeting to restructure the board.

A senior economist has expressed concern at the possibility of a hung parliament and the impact it may have on foreign investment.

Belmont-based Essa has posted a $1.6 million 2010 financial year profit turning the company's profits around after an $800,000 loss last year.

The duel-fuel Kwinana Swift Power Station, operated by Perth Energy, has been opened by Energy Minister Peter Collier.

Norton Goldfields expects to record a $33 million loss for the 2010 financial year.

Automotive Holdings Group has posted a $60.3 million 2010 financial year profit, up 150 per cent on last year, and its Rand Transport logistics division has flagged a 2012 expansion into Western Australia.

Macmahon has been awarded an $86 million rail construction contract for Gindalbie Metals' Karara Iron Project in the mid-west.

Mineral Resources has posted a net profit after tax of $97 million for 2010, an improvement of 119 per cent on the previous year.

The fight between Energy and Minerals Australia and Yarri Mining over Mulga Rock uranium project is set to go to the High Court.

Perth-based Scotgold is considering its options after a local National Parks Board in Scotland refused the company planning permission to establish a gold and silver mine at Cononish.

Redcliffe-based Global Construction Services has increased its net profit after tax for the 2010 financial year 5.4 per cent to $11.4 million.

Mincor Resources has recorded $28.1 million net profit after tax for the 2010 financial year a $44.8 million turnaround from global financial crisis-induced losses in 2008-09.

Perth-based Clough has announced a $50.1 million net profit after tax for the 2010 financial year and that former Woodside executive Keith Spence will be taking over as chairman later this year.

Perth-based companies Chemeq and Phylogica have announced commercial and licensing agreements with two global pharmaceutical giants.

Schaffer Corporation has posted a $4.5 million net profit after tax for the 2010 financial year, 57 per cent down on the company's earnings last financial year.

Cape Lambert Resources has completed a $7.7 million acquisition of the Leichhardt Copper Project in Queensland from Matrix Metals.

Apartment developer Finbar Group has announced a record $23.6 million profit after tax for the 2010 financial year.

Maddington-based Brierty has secured a $10.8 million contract to upgrade the access road to Gindalbie Metals' Karara Iron Ore project in the mid west.

Welshpool-based NRW has announced a $112 million contract extension with Fortescue Metals Group and reaffirmed its 2010 profit guidance.

Two Ian Burston-chaired explorers, Carrick Gold and Condor Nickel, have lured the founder of Sydney-based funds manager Equitilink, Laurence Freedman, to join their boards as a non-executive director.

Cash Converters International has announced it has acquired 13 franchised stores in the eastern states for $21.9 million.

IT services company ASG Group has extended its contract with the WA treasury department's shared services unit, which will deliver at least $16 million in revenue per year.

Nomad Building Solutions has announced a $61 million loss for the 2010 financial year based on an $8 million operating loss and large writedowns of goodwill and fixed assets.

Forge Group has announced it made a net profit of $29.5 million for the 2010 financial year, an increase of 89 per cent.

The state government has announced a deal between Tourism WA and Jetstar which it expects will increase visitors to WA from the east coast.

Alinta Energy has announced it expects a $465 million write-down in the value of its assets when it finalises its latest accounts, with most of the loss attributable to its WA retail business.