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Andrew Hobbs

Uranium International opens $6m IPO

West Perth-based Uranium International Ltd will open its initial public offer today, aiming to raise $6 million to develop its portfolio of uranium, gold and base metals projects and pursue further acquisitions.

BlackGrange opens $10m IPO

West Perth-based uranium explorer BlackGrange Ltd has opened its initial public offer, aiming to raise $10 million for exploration on its Western Australian and South Australian projects.

Mix wears the crown but head uneasy in latest radio survey

Austereo's mix 94.5 has retained its crown as Perth's most popular radio station despite a one per cent fall in total audience share, while Southern Cross Broadcasting's 96FM looks to be catching up.

Monarch to spend $11m on exploration in 07-08

One day after acquiring the Riverina gold project, West Perth-based Monarch Gold Mining Company Ltd has committed over $11 million to drilling programs on its Goldfields tenements during the 2007-08 financial year.

AnaeCo to close $2m rights issue for waste plant

Bentley-based AnaeCo Ltd will close a non-renounceable entitlements issue today, raising just over $2 million to commence an engineering, procurement and construction management contract for a waste management facility in Shenton Park.

Areva challenges Summit-Paladin truce

The Australian subsidiary of French nuclear giant Areva NC will seek to intervene in legal action brought by Summit Resources Ltd against Subiaco-based Paladin Resources Ltd, which the companies announced they would drop on Friday.

An interesting state of affairs in View from the Arch

The line between state and federal politics blurred this week as the PM announced funding for a Tasmanian hospital, while the Opposition Leader promised a WA specific infrastructure fund. Meanwhile WA's Paul Omodei was told to shape up and Mohamed Haneef

Summit drops Mt Isa Uranium court action against Paladin

The almost-completed takeover of Summit Resources Ltd by Subiaco-based Paladin Resources Ltd was sweetened today by the settlement of legal action between the two companies.

Goldstream closes TSXV spin-out IPO oversubscribed

West Perth-based Goldstream Mining NL's Toronto Stock Exchange Venture Exchange spinout, Continental Nickel Ltd has closed its initial public offer oversubscribed, raising $C19 million, the equivalent of $21 million.

Ozjet trials Perth-Melbourne event flights

Victorian charter carrier Ozjet Airlines is dipping its toe in the pond of Western Australia's interstate travel market once again, announcing plans to conduct one flight to Melbourne on August 9, and a return flight on August 13.

Buchanan opens $3m IPO for exploration costs

West Perth-based diversified minerals explorer Buchanan Resources Ltd has opened its initial public offer, aiming to raise $3 million for exploration of its five East Kimberley projects.

Mavuzi closes up 70% in ASX debut

Perth-based copper and gold company Mavuzi Resources Ltd has debuted strongly on the Australian Securities Exchange, up 70 per cent on the issue price of its initial public offer.

Strong debut for Western Kingfish

Western Australia has spawned yet another listed aquaculture player, with Nedlands-based Western Kingfish Ltd debuting strongly on the Australian Securities Exchange.

Buxton opens $5m IPO

West Perth-based gold and base metals explorer Buxton Resources Ltd has opened its initial public offer, aiming to raise $5 million to fund drilling and identification of future acquisition opportunities.

Western Kingfish closes up 12% in ASX debut

Nedlands-based aquaculture group Western Kingfish Ltd has debuted strongly on the Australian Securities Exchange, closing up 12 per cent on its first day of trade.

Murchison signs MOU with WestNet Rail

The jockeying by four different groups to position themselves as the preferred developer of new rail and port infrastructure in the Mid West has taken a new turn, with Murchison Metals Ltd linking with Babcock & Brown Ltd subsidiary WestNet Rail.

India 'n' ya homes in readers of the lost (View from the) Arch

Eyes turned to the Subcontinent with uranium export plans India as citizen Mohamed Haneef was released from prison. Meanwhile Mr Howard visited WA and Dili, Mr Rudd dropped forests for houses and Mr Carpenter initiated Drug Summit action.

Greens launch WA's Senate campaign

Western Australian Greens party candidate Scott Ludlam has today launched his campaign for the federal Senate, announcing a sustainability platform.

Boss Energy doubles on ASX debut

Nedlands-based oil company Boss Energy Ltd has commenced trade on the Australian Securities Exchange, debuting at a 100 per cent premium.

EQiTX planning coal production

Following the Western Australian tradition of small cap stocks reinventing themselves, Perth-based biotechnology company EQiTX Ltd will take an 80 per cent stake in five Indonesian mineral permits under a plan to become as a coal producer and explorer.

Desert Energy raises up to $8m in IPO

Perth-based gold explorer Aurora Minerals Ltd's uranium spin-off Desert Energy Ltd will close the public section of its initial public offer today, aiming to raise $6 million to fund exploration of its projects.

EQiTX re-invents itself as Indonesian coal producer

Perth-based biotechnology company EQiTX Ltd will take an 80 per cent stake in five Indonesian mineral permits under a plan to reinvent itself as a coal producer and explorer.

Making new friends and keeping the old in View from the Arch

This week Mal Brough made up with Eric Ripper, while the PM made friends online, and tried to keep them in Cabinet. Meanwhile Kevin Rudd's brother lost a few friends, the CCC looks in danger of following and Mohamed Haneef needs as many as he can get.

State wants to terminate Midwest Corp agreement

Iron ore miner Midwest Corporation Ltd's plans to expand its operations have suffered a major setback after the state government said it wanted to terminate a state agreement that is central to the company's growth strategy.

Avonlea to raise $2.5m for Qld exploration

West Perth-based mineral explorer Avonlea Minerals Ltd has opened its intial public offer, aiming to raise $2.5 million for exploration of its Queensland gold and base metals projects.

Atlantic to recapitalise with $2.75m capital raising

Offers for the recapitalisation of Perth-based pearl producer Atlantic Ltd will open today, with the company aiming to raise $2.7 million for debt repayment, working capital and new opportunities.

Economics 101 - back to basics in View from the Arch

This week, as US singer Christina Aguilera's "Back to Basics" tour rolls into town, State and Federal politicians employed a similar motto, with housing, grocery prices, unemployment and another WA budget surplus all making the headlines.

iiNet challenge brings ACCC to call on Telstra to cut LSS costs

The Australian Competition and Consumer Commission has officially called on Telstra to reduce its line sharing service costs, Perth-based iiNet has announced, but the giant intends to challenge the ruling.

Newland rejects Summit accusations, calls for project info

Perth-based uranium company Newland Resources Ltd has rejected allegations by Subiaco-based Summit Resources Ltd that it knowingly breached duties to it by signing a deal with former Summit chair Alan Eggers.

Aurium raises $3.5m ahead of IPO close

South Perth-based Aurium Resources Ltd has reached the minimum subscription level of $3.5 million for its initial public offer, raising funds for gold and uranium exploration in Western Australia and the Northern Territory.

Lonhro opens IPO for tungsten exploration

Nedlands-based tungsten explorer Lonhro Resources Ltd will open its initial public offer today, aiming to raise $3.5 million for exploration on its Victorian project.

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