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John Phaceas

CBH to stay tax-exempt after court win

Grain exporter CBH Group has had a major win over the Australian Tax Office, with the Federal Court upholding its May ruling that enshrined the co-operative's tax-exempt status today.

March target for Griffin power sale

The Collie power stations of Rick Stowe's failed Griffin Coal business are likely to be sold by the end of March, administrator Brian McMaster said today.

Venus surges on Yalgoo iron resource

Shares in aspiring Mid-West iron ore miner Venus Metals Corporation surged over 11 per cent today after it confirmed a better than expected magnetite resource at its Yalgoo iron ore project, east of Geraldton.

Navigator advances rare earths spin-off

Perth-based gold miner Navigator Resources has moved closer to cashing in on rampant investor appetite for rare earths exposure, finalising plans to spin-off its rich Cummins Range project in the Kimberley early next year.

Team Australia touts rare earths

WESTERN Australia’s rare earths and lithium potential have become major selling points to overseas investors for state and federal representatives touting the nation’s resources opportunities on the international conferences circuit.

Woodside reunion fortifies Geodynamics

AUSTRALIA’S leading geothermal energy developer, Brisbane-based Geodynamics, has taken on the hue of a mini-Woodside Petroleum following its recruitment of respected corporate adviser Geoff Ward as managing director.

Potential Burrup shake-up in the mix

A major restructure of Pilbara fertiliser producer Burrup Holdings is believed to be under discussion in a bid to resolve the ongoing battle between its estranged owners, Indian businessman Pankaj Oswal and Norwegian giant Yara International.

Indian group buys Griffin Coal

Indian infrastructure group Lanco Infratech has emerged as the winning bidder for the Collie coal business of Ric Stowe's failed Griffin coal and power empire.

Cultural differences a challenge

THE growing internationalisation of Western Australia’s resources sector is creating a range of major new challenges for local services companies as they deal with an ever more exotic client base.

Riding a rough road to riches

OPPORTUNITIES may abound for many in the resources services sector as the state’s economy returns to full speed, but they are not yet always flowing through to the bottom line.

Hutton boosts RNI stake before Doolgunna drill

RESOURCES and Investment non-executive director John Hutton has significantly boosted his holdings in the Miles Kennedy-led copper explorer as investor interest builds over the copper-gold potential of the Doolgunna region.

Loving life on the shelf

Kevin Gallagher is understandably optimistic about the future of the North West Shelf.

Moore a lone voice on safety

THE Western Australian government has stepped up its campaign to derail a proposed Canberra-controlled safety regulator for the entire offshore petroleum industry, which it fears will gut its influence over a core industry.

Famine and feast for resources services sector as pressures squeeze opportunities

The return of boom conditions is not delivering an even spread of benefits to the companies servicing the resources sector.

Hertel swoops on Aibel offshore business

DUTCH offshore construction and services giant Hertel has stepped up its aggressive expansion into Western Australia to cash in on the state’s booming gas sector, buying the Australian operations of Norwegian offshore specialist Aibel Group.

Pilbara juniors bemoan missed opportunity

THE Pilbara’s emerging junior iron ore sector fears its best chance of winning guaranteed rail haulage rights will be lost forever when the state’s Legislative Council rises for the last time in 2010 this week.

Top executives’ pay cheques a sign the state’s economy is back on the fast track

Australia’s resources-led economic recovery has had a major impact on the pay of WA-based executives, with a big rise in the number of million dollar pay packets as share prices bounced back from GFC lows.

Value in the eye of shareholders

GETTING value for money is a subjective matter when it comes to assessing executive pay.

Chairmen’s pay up as roles broaden

HE role of chairman at Australian public companies has traditionally been reserved for experienced industry professionals tired of working in an executive capacity and who are keen to bring an independent viewpoint to the company boardroom.

BC Iron boss weighs in ahead of shipment

BC Iron managing director Mike Young took the opportunity to top up the emerging Pilbara iron ore miner’s coffers a little further last week, in the countdown to its first exports from Port Hedland.

Communication key for uranium

FIGHTING fiction with facts will be pivotal for the successful establishment of a uranium mining industry in Western Australia, according to the company planning the Pilbara’s first major mine.

Iron ore activity firms infrastructure fears

A FLURRY of activity in the Western Australian iron ore sector has highlighted growing concerns about infrastructure bottlenecks in the Pilbara.

Local contractors’ positive spin

LOCAL engineering and resources services contractors have used annual meeting season to highlight the brightening outlook for their sector, despite major ongoing challenges.

Woodside to unveil Pluto overruns

WOODSIDE Petroleum is expected to reveal the full extent of cost overruns and delays at its crucial $13 billion Pluto liquefied natural gas project by early next week.

Spar gas find to boost WA supplies

Western Australia's domestic gas supply outlook has received a welcome boost, with Apache Energy and Santos revealing an impending increase in reserves at their Halyard gas project now being developed.

Burrup/Yara stoush drags on

The legal stoush between Norwegian fertiliser giant Yara and Burrup Holdings over access to the Pankaj Oswal-controlled ammonia producer's accounts remains unresolved after a short hearing in the Federal Court today.

Japanese interests may target NWS

ALL eyes were on BHP Billiton chief Marius Kloppers this week for hints that the resources giant is eyeing a move on North West Shelf operator Woodside, following Shell’s decision to sell 10 per cent and field offers for its remaining 24 per cent interest

New strategy for Bauxite

CONTROVERSIAL junior miner Bauxite Resources has all but given up on shipping raw bauxite to China as it starts afresh to establish a major bauxite mining and refining business in the South West.

Boom pressure cooking local firms

Perth-based marine services contractor Marine & Civil's slide into administration and a string of profit warnings by local resources contractors in recent weeks have highlighted the uneven flow of benefits from boom conditions in the state’s eco

Jack Hills not holding Oakajee back: OPR

Oakajee Port & Rail chief John Langoulant has scotched suggestions that delays at the Jack Hills iron ore development are holding back its efforts to develop its namesake $4 billion port and rail venture in the Mid-West.

China Inc takes over Mt Gibson board

Chinese corporate shareholders in Mt Gibson Iron have seized board control of the local iron ore producer at a sensational annual meeting in Perth today.

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Govt uses emergency powers to back tax

The Rudd government has taken the extraordinary step of invoking national emergency powers to launch an advertising blitz aimed at countering miners' fierce campaign against the mining super profits tax.

Barnett vows to block Kimberley pipeline

Premier Colin Barnett has vowed to block any move to pipe gas from the Browse Basin to existing LNG facilities on Burrup Peninsula, in a bid to shore up support for his preferred Kimberley LNG hub at James Price Point near Broome.

Port Bouvard in halt ahead of deadline

Perth real estate developer Port Bouvard has called for the trading of its shares to be halted ahead of a critical refinancing deadline on Sunday night.

Barnett seeks more foreign workers

Premier Colin Barnett has warned that restrictions on foreign guest workers will have to be eased if Western Australia is to avoid another major skills shortage within two years.