International energy and electronics giant GE has signed a deal with Fortescue Metals Group to provide two dual fuel gas turbines for its new 120 megawatt power facility at the Solomon iron ore mine.

Despite ongoing uncertainty shaking confidence in the global economy, the state's Chamber of Commerce and Industry has tipped the local economy to grow by 6.25 per cent over the next year.

Galaxy Resources shares dipped today after it revealed a $27 million cost and schedule blowout for its lithium carbonate processing plant in Jiangsu, China.

Mining contractor Macmahon Holdings has won a ten-year, $900 million mining contract for the Tropicana gold joint venture between AngloGold Ashanti and Independence Group.

Perth-based biofuels company Algae.Tec says the introduction of a carbon price will accelerate uptake of its technology by carbon dioxide emitting industries.