Perth ISP iiNet says Telstra's increase in wholesale line rental is a tactic to restrict competition that has 'backfired' and welcomes the competition regulator's decision to issue Telstra with a consultation notice.
Perth-based Allied Gold Ltd announced that it will be raising up to $10 million, from predominantly UK based investors, and listing on the Alternative Investment Market in London.
Perth-based potential gold miner Wedgetail Exploration nl has entered into underwriting agreements to fully underwrite receipt of $12.9 million from the exercise of the company's options.
Perth-based olive oil company Olea Australis Ltd has made a further placement to Siva Ltd to raise an additional $644,480, increasing Siva's interest to 19.99 per cent in the company.
The Australian Competition and Consumer Commission will not oppose a bid for the EG Green Group by a joint venture between Elders Ltd and T&R Pastoral Ltd, ACCC chairman Graeme Samuel said yesterday.
Shareholders in Perth-based Po Valley Energy Ltd have cleared the way for the gas explorer to complete a capital raising package totalling $8.75 million with US funds manager, Harbert Management Corporation.
West Perth-based Tanami Gold NL has given the go-ahead to its Coyote Gold Project, with board approval the $9 million stage one development with initial target production of 50,000 ounces per year.
Perth-based Macmahon Holdings Ltd has been awarded a $250 million mining and crushing contract for BHP Billiton's new "Orebody 18" open cut iron ore mine.
Michael Kiernan's Monarch Resources Ltd has declared its takeover offer for Andrew Forrest's Siberia Mining Corporation Ltd unconditional after increasing its interest in the exploration company.
Property developer Finbar International Ltd's 50 per cent owned subsidiary, 375 Hay Street Pty Ltd, has purchased a section of the old Royal Automobile Club of WA base for $5.5 million.
WA-based PharmAust Ltd's wholly owned subsidiary Epichem Pty Ltd, in collaboration with Murdoch University and Centre for Drug Candidate Optimisation, have received $240,000 in funding.
Perth-based property investor Aspen Group has raised $22 million from placements with insitutional shareholders to fund new acquisitions as it forecast an improvement in earnings for the current financial year.
Cazaly Resources Ltd has lodged its second submission to the Western Australian Department of Industry and Resources in support of its application for the Shovelanna iron ore project, responding to Rio Tinto Ltd's opposition.
Major Chinese group Shandong Yuansheng International Trading Co Ltd is understood to have confirmed that it will take up almost 20 per cent equity in Cape Lambert Iron Ore Ltd through the purchase of securities on market.
Development of the North West Shelf Venture's $1.6 billion Angel gas and condensate field off the north west of Western Australia will begin immediately following final investment decisions by all of the joint venture participants.
