Patersons Securities will takeover the broking arm of Tolhurst whose shareholders today agreed to sell the business for $2 million, well below the figures originally mooted for the deal.
Aquarius Platinum plans to raise $260 million through a placement and rights issue, with part of the funds to be used for its acquisition of Ridge Mining.
Tolhurst Group has unveiled that its stockbroking business will be sold for some $2 million to Patersons Securities, in what is a dramatic fall on the value of the deal after it was revealed earlier this year.
Ramelius Resources says funds from a successful $13.4 million raising will be applied towards expansion works at its Wattle Dam gold operation in Western Australia.
One of the country's largest employer groups says the Senate's change to the small business threshold to 20 is both reasonable and necessary and should be accepted by the government.
The Terry Streeter-backed Fox Resources has launched a $6 million all-scrip takeover of junior explorer Hannans Reward to increase its spread of iron ore and nickel assets in Western Australia.
The state government is expected to formally approve the $3.5 billion Oakajee port and rail project that is vital to mining developments in the Mid West region.
Junior iron ore producer Atlas Iron has signed the last of its available iron ore into a long-term offtake agreement with an unidentified Chinese steel mill.
West Perth-based miner Kagara has revised down its annual zinc production target as it restarts trucking operations after heavy rainfalls in Queensland.
The Rudd government will introduce new laws to curb excessive termination payments for executives, amid community concern about high "golden handshakes" given to departing company heads.
Nexus Energy has placed its Crux oil project on hold and extended a voluntary suspension of its shares as the company seeks funding after an asset sale process fell through.
Azure Minerals has raised just over $1 million through a renounceable rights issue with shareholders subscribing to around one-third of shares on offer.
Three Western Australian resource companies are today on the hunt for capital with trading of shares in both Otto Energy and Eleckra Mines halted and Berkeley Resources unveiling plans to raise $10 million.
Independence Group executive director Kelly Ross has sold $771,757 worth of shares, with funds from the sale to go to the tax man after the conversion of some options.
Congestion at Port Hedland Inner Habour is expected to ease mid next year as construction work officially starts on the new, $225 million public access berth at Utah Point.
The friendly merger between Scimitar Resources and Jackson Minerals has been deemed to be in the best interest of the latter's shareholders following an independent valuation.
Belmont-based property developer Diploma Group has booked an interim net profit of $941,000, a dramatic fall from the previous corresponding period's profit of $4.8 million.
Nickel producer Western Areas has signed an offtake and $45 million financing agreement with BHP Billiton, with the funds earmarked for mine development and plant expansion.
REBOUNDS in the retail and mining sectors have lead a 13 per cent increase in the Deloitte Western Australian Index for the month of February, rising $73 billion to $82.
Aspiring gold miner Catalpa Resources has reserved Perth-based GR Engineering Services for the refurbishment and construction of a processing facility at its $92 million Edna May gold project near Westonia.
Inpex says it remains committed to developing its $12 billion gas processing plant, located in Darwin, after a Liberal Senator said the company could move to offshore locations due to the Rudd government's emissions trading scheme.
WHI Australia, owner of stockbroker DJ Carmichael, has recorded an annual net loss of $2.2 million, a turnaround from the previous year's net profit of $2.4 million.
Western Australia has recorded one of the larger falls in the number of job advertisements in newspapers and on the internet in February, a survey has found.
A new tender for the development of a luxury hotel on Rottnest Island will go out to the market in the next few months after negotiations between the island's authority and the Broadwater Consortium broke down.
Woodside Petroleum has reportedly signed an agreement with state-owned Korea Gas Corporation to invest in three exploration permits in the Browse Basin.
