WA grapples with energy shortfall; Burrup float in jeopardy; Investment banks' fees fall 27pc; Ship costs jump lifts BHP, Rio case; Bankrupted, but Cumins vows one last tax appeal
Ausdrill Ltd today reaffirmed its opposition to Macmahon Holdings Ltd's takeover offer, saying directors and other shareholders with 39.1 per cent of its stock would not accept the offer.
Chinese steelmaker Sinosteel has laid out a further threat to Midwest Corporation Ltd's proposed merger with Murchison Metals Ltd, extending its takeover deadline by over a month.
West Perth-based nickel producer Nickelore Ltd has opted for a 25,000-tonne heap leach demonstration plant at its Canegrass nickel-cobalt Project in the state's Western Australia's Eastern Goldfields.
West Perth-based nickel miner Mincor Resources NL has moved to accelerate one of its key exploration ventures in the zinc-lead industry after securing a joint venture with major Japanese Government entity, JOGMEC.
Apex Minerals NL has entered into a second nickel joint venture with Barrick Gold Corporation over its Lawler gold tenements in the north eastern Goldfields, which more than doubles the extent of nickel interests.
Welshpool-based NRW Holdings Ltd is pleased to advise that the agreement between NRW and Simfer S.A, a wholly owned subsidiary of Rio Tinto, has been extended through to December 31 2009
West Perth-based Lion Energy Ltd, a wholly owned subsidiary of Lion International Investments Ltd, has entered into a share purchase agreement to acquire 20.7 million ordinary shares in Papua Petroleum Ltd.
One of Western Australia's longest serving resources sector representatives, David Parker, has quit his role as a director of leading industry lobby group the WA Chamber of Minerals and Energy.
Belmont-based mineral exploration company Richmond Mining Ltd expects to list on the stock market next week after its initial public offer closed oversubscribed.
US-based company Apache Energy Ltd said it will have a clearer picture over the coming days of the extent of the damage and the impact on gas supplies caused by an explosion at its Varanus Island gas plant.
Global steel company ArcelorMittal will increase its stake in Perth-based coal producer Coal of Africa Ltd beyond 15 per cent following approval from the Foreign Investment Review Board.
Western Australia could be recycling 30 per cent of its wastewater by 2030, with the state government making water recycling a key focus of its water plan.
A West Perth-based company will be banking on the strong fundamentals of the latest hot commodity, phosphate, as it launches its $10 million initial public offering.
Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.
Rising fuel prices have failed to re-ignite the state’s fledgling biofuels sector, with producers looking to side businesses, such as glycerine production and feedstock, to generate revenue.
Action on corporate collapses; Bankwest says it's safe despite sale rumours; Brierty sticks with same line as exchange steps up pressure; Metcash profit leaps but warns on volatility; Suncorp takes a $15m punt on WA's sunshine
An explosion at Varanus Island, a majr gas processing facility off the Pilbara coast, is expected to disrupt gas supplies to the Western Australian market for "a number of days".
Vmoto has raised $7 million through a share placement, with funds to be used to complete the acquisition of CSR Motorcycles in Spain, as well as to finalise payment for Stage 1 of its manufacturing facility in Nanjing, China.
Private equity manager, Ironbridge Capital, has acquired three specialist drilling businesses valued at $200 million that operate in the high growth mining and infrastructure services sectors.
Midwest Corporation Ltd has told shareholders their response to competing takeover proposals from Murchison Metals Ltd and Sintosteel will depend on whether they have a short-term or long-term investment horizon.
Nedlands based Portman Ltd has again denied speculation it will bid to takeover Golden West Resources Ltd, despite applying for approval to increase its interest in Golden West from 14.9 to 19.9 per cent.
Perth based Montezuma Mining Company Ltd will acquire an 85 per cent interest in a mining lease owned by Grange Resources, which contains the Durack gold deposit.
China Metallurgical Group Corporation has received no objection from the Foreign Investment Review Board for its proposed acquisition of the Cape Lambert Iron Ore project.
New York based investment house, Harbinger Capital Partners, has purchased an 8.1 per cent stake in Midwest Corporation Ltd, adding to the likelihood Midwest's merger with Murchison Metals Ltd will win shareholder backing.
