West Perth-based explorer Dynasty Metals has accepted a $5 million placement offer with each share priced at nearly double the company's last traded price.
Initial study results into Heron Resources' Kalgoorlie nickel project has estimated capital costs at $US1.5 billion ($A2.2 billion) and a projected mine life of 34 years.
Shares in the Michael Kiernan-led Stirling Resources have been placed in a trading halt pending an acquisition announcement, speculated to be one of Mr Kiernan's former companies.
Western Australia's native timber industry has expressed shock at the state government's blanket rejection of requests for financial assistance, predicting job losses and mill closures will result.
Aquila Resources has partly resolved a dispute with its joint venture partner AMCI after both agreed on Anketell Point as the preferred port site for the West Pilbara iron ore project.
Staff numbers at the Western Australian arm of engineering contractor Clough will be cut by around 45 as part of restructure plans to ensure operational effectiveness.
VDM Group is expecting a better second half performance after forecasting its first half profit to fall to $3 million, prompting its shares to fall by as much as 63 per cent in trade today.
Perth-based Resolute Mining could pocket nearly $12 million after it agreed to sell the royalty it receives from production at Dominion Mining's Challenger gold mine.
The state opposition says hundreds of sustainable jobs could be created in Ravensthorpe and Hopetoun from the investment in a biomass power plant and wave technologies, rather than a $60 million road.
The proposed merger between Australasian Resources and billionaire Clive Palmer's Resource Development International is anticipated to take place next year as the latter re-schedules its listing plans.
PERTH-BASED education services company Navitas has defied the global economic slowdown by reporting a lift in interim profit to a record level and outlining plans to pursue further international growth.
BROCKMAN Resources managing director Wayne Richards has taken advantage of the recent upswing in the company's share price, exercising 1 million options in the money.
Some 14 months after listing on the local stock market, Modena Resources is facing a shareholder revolt after receiving requisitions for the replacement of all current directors.
Vehicle sales in Western Australia have started the year in dramatic fashion, slumping nearly 21 per cent in January compared to the same month in 2008.
Some six months after terminating the services of former managing director Mark Hansen, Prairie Downs Metals has today appointed rugby union stalwart John Welborn to the role.
