Staff Reporters

MRRT under fire after raising just $126m

Premier Colin Barnett has described the federal government's mining tax as a flop, after Treasurer Wayne Swan revealed today the impost raised just $126 million in its first six months of operation. 

Goyder lifts Coles from 'stuffed' to success

The head of Western Australia's biggest industrial company says he's still having fun in the top job and has spoken in depth about how much he enjoys the role. Click through for video.

Sundance shares soar on takeover deal

Shares in Sundance Resources have shot up by more than 11 per cent after it accepted a reduced takeover offer from China's Hanlong Mining. Sundance said it had accepted a fresh $1.37 billion offer from Hanlong, which reduced its original offer by about one fifth.

Rio Tinto profit down 34%

Resources giant Rio Tinto has reported a 34 per cent drop in its underlying first half profit to $US5.2 billion ($A4.9 billion), with lower prices for iron ore and other commodities the main reason for the expected decline.

Porter quits ministry, plans federal move

Treasurer and Attorney-General Christian Porter has stunned the state government by resigning immediately from his ministerial roles, and confirming that he plans to leave state politics and make a run for federal parliament.

Strike rises on stunning drill results

Strike Energy was one of the few Australian stocks to end the day in positive territory, after drilling results intersected one of the thickest coal seams recorded to date in South Australia's Cooper Basin.

Rio to double apprentice numbers

Mining giant Rio Tinto has announced a plan to double the size of its apprenticeship and trainee programs to ease tightening skills shortages.

Emu bails out of Hillgrove mine buy

Emu Nickel has abandoned plans to purchase the Hillgrove antimony-gold project from Straits Resources for $40 million, after it failed to raise sufficient funds to cover the purchase.

Mix94.5 continues long reign at the top

Mix94.5 has come up trumps for the 100th consecutive Perth Radio Survey, despite a significant fall in listeners, ratings agency Nielsen says.

Central Systems wins $7m pipeline project

Monadelphous Engineering subsidiary KT Pipelines has appointed civil construction and services firm Central Systems for construction works at Chevron's Gorgon liquefied natural gas project on Barrow Island.

BHP Billiton announces two appointments

BHP Billiton has continued making big changes in key executive positions, appointing Ian Maxwell as president energy coal, following the move of Jimmy Wilson from energy coal to take up Ian Ashby's position of president iron ore, announced in March.

Ramelius stocks plunge after poor report

Ramelius Resources has been savaged by investors after releasing a disappointing quarterly production report yesterday.

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Corporate Finance

Corporate Finance

ECM driven by Business News' corporate finance database includes private equity relationships

Mergers and Aquisitions

Mergers & Acquisitions

Who are the leading hands in the West Australian M&A marketplace

Exporters

LabelValue
Rio Tinto$26.13bn
BHP Billiton Iron Ore$20.48bn
North West Shelf Venture$14.92bn
Gold Corporation$6.82bn
Fortescue Metals Group$6.68bn
Others$22.08bn
FMG
CF 2011
CF Q3 FY12

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