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Rashelle Predovnik

IMF shares jump on $22m windfall

The shares of litigation funder IMF Australia Ltd rocketed 13 cents this morning, up to 74 cents, following the annoucement of its unprecedented $22 million windfall today.

Bonaparte Diamonds raises $2.2m

West Perth-based diamond exploration company Bonaparte Diamond Mines NL has raised $2.2 million through an entitlement's issue which closed oversubscribed by 28 per cent.

Boss Energy radically revises rights issue

Perth-based Boss Energy Ltd has been forced to dramatically revise its rights issue in the wake of the Opes Prime collapse, which has put its share price under considerable pressure.

Territory increases Olympia shareholding

West Perth-based iron ore company, Territory Resources Ltd, has lifted its stake in mineral sands producer Olympia Resources today with an increase in its share holding up from 47.29 per cent to 50.03 per cent.

Territory lifts its stake in Olympia

Territory Resources, the iron ore company headed up by WA mining businessman Michael Kiernan, has lifted its stake in mineral sands producer Olympia Resources, following Olympia's rejection of its $15.5 million take over bid yesterday.

Migration drives WA growth

Increased immigration into Western Australia has helped the state record the highest level of population growth in the country, as the nation experiences its fastest growth rate in 18 years.

Exporters adjust to grants hit

Many Western Australian exporters will have to review their marketing budgets after the federal government announced that a big jump in applications for export market development grants will result in a sharp cut in payments.

Trade Opportunities

The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources

Contract reviews in copper-rich DRC

A government mining contract review and tumbling copper prices have done nothing to deter Perthbased Tiger Resources from its focus on the Democratic Republic of Congo.

Trade Opportunities

The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources

Plaudits for proactive work policies

Six Perth-based companies have been recognised for their initiatives to advance women in the workplace, joining 99 businesses nationwide as employers of choice for women.

Pressure mounts on port facilities

Most of Western Australia’s major shipping ports have undergone major expansion projects in recent years, as they endeavour to cope with rapidly growing demand for their services.

Road network continues to expand

Western Australia has one of the largest geographically spread road networks in the world, covering around 2.5 million square kilometers and valued by Main Roads at $19 billion.

Live export trade growth – report

Population growth and rising incomes in South-East Asia and the Middle East are expected to support increased demand for live cattle and sheep exports, a report by the Australian Bureau of Agricultural and Resource Economics has concluded.

Local government body releases regional plan

The WA Local Government Association today released its draft plan for restructuring of the sector, with a focus on a regional system of service delivery but no forced amalgamations of local councils.

Carnegie buys technology

West Perth-based Carnegie Corporation has bought two new technologies, further strengthening its position as a diversified clean technology developer and operator.

$2bn in loans for credit society

Westpac has its Volkswagens, Aussie has its Rav 4s, Home has its Minis and now the Police & Nurses Credit Society has a fleet of Mazda 3s to raise its profile and showcase its brand on Perth’s roads.

Miners target PNG riches

While many outsiders perceive Papua New Guinea as politically and socially unstable, the country continues to attract interest from mining companies keen to develop major resource projects.

Business lending up

Market research firm East & Partners has revealed a growing trend for Australian businesses to use third party finance brokers and mortgage originators when they are obtaining finance products.

Global focus on building works

Perth-based building products supplier, JV Global Ltd, is on track with its Indian joint venture with that country’s oldest construction company, Shapoorji Pallonji & Co, to manufacture steel door frames.

Strong growth in Kazakhstan

Covering territory equivalent in size to the whole of Western Europe, the former Soviet republic of Kazakhstan has attracted plenty of interest from Western Australian companies seeking to exploit its mineral reserves.

Montezuma cap raising falls short of $3m target

Montezuma Mining Company Ltd has failed to reach a capital raising target of $3 million, after an underwhelming response from investors.

Aquaculture group plans expansion

Perth company McRobert Aquaculture Group is planning to substantially expand its fish farming operation at Gingin, taking the company towards its five year goal of becoming a major aquaculture producer in Australia and internationally.

Mining African opportunities

More than 20 Western Australian companies involved in the mining and mineral services sectors will be participating in one of the world’s largest mining conferences this week.

TRADE OPPORTUNITIES

The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry of Western Australia (CCI) with the support of the WA Government’s Department of Industry and Resources.

Tower expands WA network

Canberra-based Tower Software is planning to expand its partner network in Western Australia after repurchasing the rights to supply its information management software in the local market, for an undisclosed sum.

Uranium drives rush to Namibia

A review of listed uranium companies found that the top three performers – West Australian Metals, Extract Resources and Bannerman Resources – all have operations in Namibia.

Councils criticise new rates ruling

The Western Australian Local Government Association has criticised the state government’s decision to retain the amnesty on council rates for independent living units in retirement villages owned by not-for-profit organisations.

Exporters back Freo lead plan

Magellan Metals’ plan to transport lead through Fremantle port has received a boost with two of the states largest livestock exporters, Wellard Rural Exports and Meat and Livestock Australia, expressing confidence in the safety requirements outlined by th

WestNet founders sell IT business

Westnet joint owners and directors Barry Mitchell and Peter Brown have sold their Geraldton IT services company, Mitchell and Brown Corporate, to marketing and web development agency Market Creations Pty Ltd.

Government grant for timber recycler

The state government has backed the development of a major new timber recycling centre designed to reduce the amount of industrial waste going into landfills.

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