Grange Resources’ search for an equity partner in the development of its billion dollar-plus Southdown magnetite and iron pellet project has received a boost with a resource increase to more than 400 million tonnes.
After falling victim to the doomsayers, having its share price halved and slipping off the radar for a few months, Andrew Forrest’s Fortescue Metals Group and its ambitious $2.3 billion Pilbara iron ore project appear to be back on track.
While television is still the first medium of choice for major advertisers, Perth agencies and their clients are looking at new alternatives to break through the growing advertising clutter and reach an increasingly fragmented audience.
West Australian Newspapers is embarking on a $189 million, two-year expansion plan that includes a $31 million redundancy provision to cover 220 full-time production staff at the company’s Herdsman headquarters.
The $173.5 million acquisition of a 50 per cent stake in Hoyts Cinemas, a step outside West Australian News-papers’ traditional comfort zone and the development of its online services, is costing the company.
A Distinguished economist has painted a rosy picture of economic growth opportunities for Western Australia, but warns that capitalising on the predicted boom in the Indian economy will be entirely different from the Chinese experience.
Lionore Australia will spend more than $250 million on short-term upgrade and development for its Western Australian nickel assets to push nickel production from 19,000 tonnes a year to over 30,000tpa by the end of 2006.