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 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.
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.
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.
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.