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Andrew Hobbs

Collie-Wellington Basin use 'realistic': committee

Water Resources Minister John Kobelke has asked his department to accelerate development of a management plan for the Collie-Wellington Basin, after a State Government-commissioned report found the site was a realistic water source for the future.

Australis announces $10m capital raising plans

Perth-based seafood company Australis Aquaculture Ltd aims to raise $10 million through a placement and share issue to fund the acquisition of Vietnamese farming production assets and an upgrade of its US supply and distribution infrastructure.

Jupiter Energy finalises $4m placement

West Perth-based Jupiter Energy Ltd has finalised a placement to raise $4 million for evaluation and acquisition of oil and gas projects in Kazakhstan.

Atom raises $10m in IPO with oversubscriptions

Perth-based uranium explorer Atom Energy Ltd has closed its initial public offer fully oversubscribed, raising $10 million to fund exploration of its Northern Territory tenements.

Hotel Grand Chancellor sells for $52m

Wellington Street's Hotel Grand Chancellor will be re-badged Citigate Sebel Perth, following its acquisition by Brisbane-based property trust Property Funds Australia Ltd, for $52 million.

Boss closes $2.5m IPO

Nedlands-based oil company Boss Energy Ltd today closed its initial public offer, which aimed to raise $2.5 million for the acquisition and exploration of an oil shale project in Tasmania.

Hot air through the political farmyard in View from the Arch

The WA ALP conference and Liberal Party's Federal Council meetings allowed for bush telegraph chatter this week, while Catholic Archbishops noted thrice-crowing roosters and the access card was lead out to pasture.

Monarch acquires Mt Ida tenements for $5m

West Perth-based Monarch Gold Mining Company has acquired tenements surrounding its Mt Ida Gold Mine project for $5 million from West Perth's International Goldfields Ltd.

Olympia closes $3.2m entitlements issue

South Perth-based Olympia Resources Ltd will close its entitlements issue today, aiming to raise $3.2 million for exploration of three mineral sands tenements in Western Australia, Kalimantan and the Northern Territory.

Gallop, Langoulant to COAG reform council

Former Western Australian premier Geoff Gallop and Chamber of Commerce and Industry WA chief executive John Langoulant will serve on the Council of Australian Governments reform council, Prime Minister John Howard announced today.

McGinty makes four judicial appointments

Barrister Andrew Beech has been appointed a judge of the WA Supreme Court, one of four appointments, which also includes the elevation of Justice Geoffrey Miller to the Court of Appeal.

Uramet raises $7m ahead of listing

Subiaco-based uranium and base metals explorer Uramet Minerals Ltd has closed its initial public offer early, after raising the maximum subscription amount of $7 million.

WA vehicle sales slow in May

The growth rate of Western Australian motor vehicle sales slowed in May to 7.4 per cent, but still remains the strongest of the states this calendar year.

Testing times call for diplomacy in View from the Arch

A diplomat, they say, will tell you to go to hell so nicely that you look forward to the trip. Both state and federal politicians issued directions this week as fairness, English and citizenship tests dominated the agenda.

OmegaCorp spins off Mavuzi as CAMEC lodges bid

Mavuzi Resources Ltd, the spin-off of Perth-based uranium company OmegaCorp Ltd, has issued a prospectus for its initial public offer, aiming to raise $8.8 million for further exploration and development.

Ngarla people win 11,000sqkm Pilbara land claim

The Ngarla people of the East Pilbara have been handed down 11,331 square kilometres of land and water in the second native title claim to be decided in the region.

Chemeq loses case, goes into administration

Drug manufacturer Chemeq Ltd has been placed in administration after an appeal to overturn a court ruling ordering the company repay $60 million to its creditors failed.

Alto name change reflects US focus

Mt Pleasant-based oil and gas exploration company Alto Energy International Ltd plans to change its name to Grand Gulf Energy Ltd to reflect its new focus on plays in Oklahoma and Louisiana.

Aspermont to increase Excalibur stake

Perth-based resources industry publisher Aspermont Ltd has increased its stake in South Perth-based mineral explorer Excalibur Mining Corporation Ltd, receiving 40 million shares and 20 million options for its stake in a mining subsidiary.

PearlStreet to fall short of EBITDA forecasts by 15-20%

Perth-based asset management company PearlStreet Ltd has forecast a 15 to 20 per cent decrease in its earnings before interest, tax, depreciation and amortisation, caused by delays to project timetables and maintenance shutdowns.

Middlemas, Pearce join Gulfx board

In a case of history repeating, Perth dealmakers Ian Middlemas and Mark Pearce have taken board positions at West Perth-based oil and gas explorer Gulfx Ltd after backing a share placement.

Dining Rooms and Board Rooms in View from the Arch

While debate raged over the Prime Minister's dining room upgrade and Therese Rein's possible boardroom departure, David Hicks returned to Australia, a Stadium was planned then "thought about", and Alan Carpenter defended the cost of CCC.

Cortona raises $1.25m for Big Island

West Leederville's Cortona Resources Ltd has launched a share purchase plan to raise around $1.25 million as part of the acquisition price of Moly Mines Ltd subsidiary Big Island Mining Pty Ltd.

Residential rental vacancies lowest on record

Perth's rental vacancy rate plunged to an all time low of 0.8 per cent while Perth's land prices surged ahead in the March quarter, according to the Real Estate Institute of Western Australia and the Urban Development Institute of Australia WA.

Straits replaces chair with Good, Ong

West Perth-based miner Straits Resources Ltd has appointed former PricewaterhouseCoopers managing partner Alan Good as non-executive chairman and Richard Ong Chui Chat as chief executive of its Singapore-based subsidiary.

Essa shares jump on strong profit upgrade

Shares in Belmont-based sampling equipment manufacturer Essa Australia Ltd were up nearly 20 per cent today, after the company announced an expected 65 per cent rise in net profit after tax from the previous year.

ASG Group shares hold yesterday's gains

Shares in Perth-based IT services provider ASG Group Ltd have risen a further 2.5 per cent today after yesterday's good gains following news of a strong operating performance.

Dolomatrix up 19% in early trade on takeover speculation

Trade in Sydney-based hazardous waste management company Dolomatrix International Ltd rose 19 per cent in early trade today, on speculation of a merger between the company and Kwinana-based Tox Free Solutions Ltd.

East Perth, Kitchener preferred sites for stadium: Taskforce

Plans for a new 60,000 seat outdoor stadium were unveiled today, with the State Government's Stadium Taskforce declaring the proposed sites of Kitchener Park, Subiaco, and the old East Perth power station site were both suitable options.

Binningup plant buys time

The state government’s proposed desalination plant at Binningup is expected to provide at least 45 gigalitres a year to the integrated water supply scheme by the end of 2011.

QRSciences commences DOTARS trials after rights issue

Cannington-based security technology group QRSciences Ltd has announced the commencement of trials of its explosives screening system with the Federal Department of Transport and Regional Services.

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