Burswood based Wavenet International Ltd has sold its 100 per cent owned subsidiary, Wavenet Technology Pty Ltd for an upfront payment of $585,372, with a further payment of up to $563,174 to be paid in the next 30 days.
West Perth based mineral exploration company Metex Resources has raised $22 million, with funds being used to complete its Underground Coal Gasification trial site in Queensland.
Burrup reduces float target after trimming gas sale; Closure fears for WA grain rail network; Directors' personal liability to be eased; Investec hunts credit victims; Commodities gains tipped to lift index
Recently appointed Chairman of The Pisces Group, John Hewson, has criticised the Reserve Bank of Australia for excessively using interest rates to try and manage inflationary pressure at the Mortgage and Finance Association of Australia 2008 National Conv
Osborne Park based Advanced Braking Technology Ltd will aim to raise $4.6 million to fund a network of service centres in Kalgoorlie, the Pilbara, eastern states and South Africa.
All aboard as Forrest sets sail for China; Beadell roars on Lion deal; Circulation figures go down in the west; Eastwood cashes up to fund rights in Wesfarmers; Leighton hits back as states over project bid costs
West Perth based Washington Resources has signed a joint venture agreement with exploration company Western Desert, allowing Western Desert to explore one of its Northern Territory tenements.
PERTH-based explorer Beadell Resources Ltd is about to step into producer status after negotiating a deal with resource investment firm Lion Selection Ltd to acquire the remaining 30 per cent interest in the Cracow gold mine for $80 million.
West Perth based Otto Energy Ltd are planning to raise $15 million to fund drilling preparations, site surveys and costs associated with its two permits in Po Valley, Italy.
Gwalia pursues Portman for royalty; NAB won't rule out rival bid; Resources boom for 20 years; BHP market value surges past $250bn on Chinese whispers; Chemicals tycoon snaps up Repcol stake
Henderson-based shipbuilder, Strategic Marine Pty Ltd, has won the WA Business News 2008 Rising Stars Award on the back of a seven-year growth campaign.
LAST week’s state budget was exactly what you’d expect from a pre-election government in a very strong electoral position, picking a few winners and hoping to make positive headlines.
EAST Perth-based internet and telecommunications provider iiNet has returned to its acquisition strategy after a two-year layover, buying fellow Western Australian player Westnet for an $81 million ca
AFTER a setback earlier this year, Pankaj Oswal’s Burrup chemicals empire appears to have gained renewed confidence in the market, unveiling plans for a $600 million ammonia nitrate plant and a likely relaunch of the IPO it shelved in March.
BRIEFCASE, having recently returned from a visit to the land of the free, has identified the source of a possible new financial scandal in the US, which holds the potential to rock the market in th
PERTH’S hotel market may be the busiest in the world, but despite record occupancy rates and growing demand for hotel rooms, no new major hotel developments are planned for the city.
FROM the outside, John Atkins’ decision to quit his five-year leadership role at law firm Freehills to join a bank appears a significant change in trajectory.
LAST year, State Scene had the pleasure of meeting New Zealand’s former National Party leader, Don Brash, in Blenheim, at the heart of Cloudy Bay wine country.
THE social services sector in Western Australia is at breaking point, with skyrocketing staff costs and increased difficulty attracting new recruits, according to those on the front line.
THE Perth operations office of telecommunications provider SOUL Communications, formerly B Digital, is understood to be closing down its local call centre following its parent’s merger with a company that has offshore customer support operations.
Dragon backs $18.6bn all-scrip Westpac bid; $20bn budget boost for infrastructure; Swan lite on inflation; Explosive plant faces showdown at Burrup; FarmWorks eyes listing to support national expansion
Paramount Mining Corporation Ltd has lost its chairman Steven Cole after a group of shareholders two weeks ago voted down a number of proposals, including increases to director remuneration.
Former Westpoint advisor, Mr Keith Rowntree, has appeared in the Downing Centre Local Court in Sydney, facing charges of providing financial advice without an Australian financial services license.
Applecross based Hawk Resources Ltd has reached agreement to acquire 100 per cent of the issued capital of oil and gas exploration company New Standard Energy Ltd.
Overland Resources Limited has entered into subscription agreements with institutional, sophisticated and industry investors to raise $10 million through the issue of 20 million new shares at $0.50 per share, with the issue subject to shareholder approval
