Chevron Australia says the government's proposed emissions trading scheme could increase operating costs by up to $200 million to its massive Gorgon and Wheatstone projects.
Shares in Leederville-based Blackham Resources Ltd have jumped 46 per cent after a resource boost in the Scaddan coal-to-liquids joint venture with Wesfarmers Premier Coal Ltd that is projected to have mine life of over 45 years.
CBH Resources Ltd has hit back at claims that its proposed merger with Perth-based Perilya will expose the latter's shareholders to additional risks in relation to CBH's Endeavour mine and debt position.
Nationals leader Brendon Grylls said only half of the $675 million of the royalties for regions will be budgeted this year in order to maintain the state's AAA credit rating.
A subsidiary of Straits Resources Ltd plans to use its newly approved $435 million facility to refinance a $333 million loan and progress development plans.
Western Australia's Commissioner of State Revenue has today issued a warning to first homebuyers who are looking to take advantage of the increased grants unveiled by the federal government this week.
Burswood-based resource explorer Mindax Ltd faces the possibility of a board spill after it declined to offer a position to shareholder William Wang, who said the company does not adequately reflect its Asian-based shareholding.
Engineering firm RCR Tomlinson Ltd has secured an additional $34 million in new project work, boosting the total value of its order book to over $210 million.
North Perth-based metals explorer Aura Energy Ltd has entered into a deal, potentially valued at $460 million, with Chinese company Sino King Investment Ltd.
The corporate watchdog has banned Dalkeith man Pierre Schinazi from providing financial services for five years over his role in the collapse of Westpoint.
Amid the market turmoil, Handini Resources Ltd has finally got its float away with plans to list on the local market next week after today closing its initial public offer, some eight months after lodging its original prospectus.
The federal government has imposed a raft of tough measures on Perth-based Great Southern Ltd's Tiwi Islands plantation operation following a breach of approval conditions.
Western Australia miners have been hit hard in trade today with the metals and mining index plummeting over 12 per cent on fears that the meltdown will spark a global slump and reduce demand for commodities.
The collapse of Lehman Brothers has put the spotlight on BHP Billiton's takeover of Rio Tinto, with Chinalco in urgent talks with Lehman Brothers' liquidators to retrieve a 12 per cent stake it holds in Rio.
Treasurer Troy Buswell said spending will be signifcantly tightened in next year's budget while an exact forecast on how the global financial turmoil will affect the state's resource royalties revenue stream is not yet known.
West Perth-based Augustus Minerals Ltd has offloaded its 19 per cent interest in a Kazakhstan project for over $2 million in a bid to focus on its Western Australian project.
The state government will take a maximum stake of 25 per cent in homes under the revamped First Start shared equity scheme which this week received a $70 million lifeline.
THE country's banking sector has been the focus of intense scrutiny over the past few months as the global financial turmoil casts light on potential targets.
Osborne Park-based Fairstar Resources Ltd said it has received several unsolicited enquiries over its 18 per cent shareholding in Golden West Resources Ltd.
West Perth-based Matilda Minerals Ltd is expected to announced a strategic review of its financial position after shares were today placed in a trading halt.
United States company Cleveland Cliffs will move to acquire the remaining shares in iron ore miner Portman Ltd after passing the 90 per cent threshold in its all-cash takeover bid.
Shares in Paladin Energy Ltd have dropped 16 per cent after the company said the global credit crisis will probably cause the deferral or cancellation of some planned uranium projects.
Shares in Wesfarmers Ltd surged as much as 10 per cent today as the company assured investors it was confident it would be able to repay $1.26 billion worth of debt due in less than a year.
As the Australian bourse continued its rally today on the federal government's $10.4 billion stimulus package, gold stocks were left behind as the price of the precious metal dropped.
The cost for Moly Mines Ltd's Spinifex project in the Pilbara has risen from $1.1 billion to $1.26 billion following the inclusion of costs for a power station after a deal with an infrastructure company fell through.
