Fraser Beattie

The state budget assumes iron ore prices will average about $US47.70 a tonne in the coming financial year, substantially higher that what most forecasters have been tipping, and also includes a $41 million royalty concession for magnetite producers.

Embattled Perth Lord Mayor Lisa Scaffidi has lost the support of her deputy, with James Limnios calling for her to step aside following the release of another report into her conduct.

Subiaco-based Paynes Find Gold is seeking to become a lithium miner through the reverse takeover and backdoor listing of a European mining company backed by local businessman Tony Sage.

Aspermont has announced plans to raise up to $10 million by offering shares to investors and converting debt, as it seeks to shore up its balance sheet.

A Leederville-based company that makes camera and lighting accessories for cyclists is seeking an ASX listing through the reverse takeover of Voyager Global Group.

GR Engineering Services’ oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $50 million job.

Local gold companies Azumah Resources and KIN Mining have released updates on their respective projects, with Azumah slashing the capital cost of its Wa gold project in Ghana by $US54 million ($A73 million).

Three independent delegates have been chosen to reassess the state government’s Roe 8 highway extension project, which was knocked back by the Supreme Court in December.

GR Engineering Services has won a $90 million contract to operate and maintain a floating production storage and offloading facility in the Timor Sea for Northern Oil & Gas Australia.