Mark Beyer

West Perth-based Moly Mines Ltd has appointed local firm Azure Capital as corporate finance adviser for its $600 million Spinifex Ridge molybdenum project, effectively replacing United States merchant bank Taylor-DeJongh.

After working for five years to win an $80 million waste treatment project in Perth, engineering company WorleyParsons Ltd has pulled the plug on its consortium partners, including Macquarie Bank.

Alinta Ltd can expect a substantial protest vote from small shareholders when it holds its meeting in August to approve the proposed Babcock & Brown Ltd-Singapore Power takeover.

Minerals testing business Genalysis Laboratory Services Pty Ltd has joined the large number of private Western Australian businesses to have been sold for a premium price after achieving rapid growth during the current resources boom.

Kerry Stokes' Seven Network has emerged as the surprise buyer of the 10.4 per cent stake in engineering and infrastructure company GRD Ltd that was sold early this week by GRD founder Brettney Fogarty.

BankWest has commenced a seach for a new managing director after the incumbent Rodger McArthur advised that he plans to retire later this year.

Private businesses are being sold at higher earnings multiples in the current market compared with recent years, according to West Perth firm Mergers & Acquisitions Pty Ltd.

The centrepiece of the state government’s 2007 budget, handed down last week, was a $433 million tax relief package targeted at first-home buyers, property owners and motor vehicle buyers.

The WA Liberal Party has engaged former City of Perth town planner Max Hipkins, engineer Peter Bruechle and architect Andrew Storey to help it develop a plan for development of the City of Perth.