Bradken has sold its Bassendean engineering facility to Sydney property group Charter Hall in an off-market sale and leaseback deal worth about $32.8 million, while the Champion Drive Shopping Centre in Seville Grove has been sold for $13.5 million.
GR Engineering Services has been awarded another contract at Sirius Resources’ Nova nickel project, bringing the value of its workbook at the project to $126 million.
Australia is likely to emerge as the clear leader in global lithium production after Perth companies Neometals and Mineral Resources today announced an offtake and funding agreement with a Chinese producer for the planned Mt Marion mine.
Local miner Poseidon Nickel has put its Lake Johnston operation near Norseman on care and maintenance, reduced its staff and cut board member salaries as it awaits improvements in the nickel price.
Adelaide-based York Civil has been selected to carry out $24.2 million in upgrades to Broome’s wharf, while expressions of interest will soon be called for a new $70.7 million marine control tower in Port Hedland.
US stocks have finished modestly lower, snapping a four-day winning streak after violent protests outside the Greek parliament revived anxiety about the eurozone.
Gold prices have fallen to four-month lows, extending losses for a third session as Federal Reserve Chair Janet Yellen say the US central bank remains on track to raise interest rates this year.
A small batch of bauxite sent overseas for refining may signal the start of a much bigger play by Alcoa, which would have major consequences for WA’s South West.
The state government has announced plans to release another 5,000 hectares of farm land in the Ord River irrigation area, as Chinese-backed company Kimberley Agricultural Investment continues to seek development approvals for land it secured three years ago.
Perth exploration company BMG Resources (formerly Brazilian Metals Group) has announced a non-binding heads of agreement for the possible acquisition of Brisbane-based online fitness training accreditation business FitLink.
As many as 20 Western Australian mining companies are considering adopting solar power, according to the developer of a $40 million solar project at Sandfire Resources’ DeGrussa copper mine.
Mines and Petroleum Minister Bill Marmion has again touted Western Australia’s credentials as a destination for uranium mining, this time at today’s opening of the Australian Uranium Conference in Perth.
Live cattle exporters in Australia face uncertainty after Indonesia, which accounts for 60 per cent of the $1.2 billion trade, flagged an 80 per cent cut in its imports.
An international consortium comprising European renewable energy companies, Australian government agencies, and local contractor Otoc has come together to finance and develop a $40 million solar power project at Sandfire Resources' DeGrussa copper mine.
Perth-based builder Jaxon has been contracted to build an $18.5 million apartment project in Midland, the first development by ASX-listed Mustera Property Group.
Mining giant BHP Billiton has flagged an impairment of up to $US2 billion ($A2.7 billion) in its end of financial year results against the value of its onshore gas assets in the US.
Oil prices have risen as markets weighed the effects of Iran's deal with six world powers on curbing the Islamic republic's suspected ambitions for a nuclear bomb.
Wall Street stocks have risen, with the Nasdaq leading the way following reports of a possible $US23 billion acquisition of chipmaker Micron and big gains by Google and others.
Gold has eased as the US dollar came off its lows and the market awaited Federal Reserve Chair Janet Yellen's semi-annual testimony to Congress on Wednesday and Thursday, which may provide more signals about a looming rate rise.
