The commercial viability of a liquefied natural gas hub in the Kimberley appears to rest on oil giants Woodside Petroleum and Inpex, as the state government selects James Price Point, 60 kilometres north of Broome, as its preferred site.
Financing arrangements for Ferrowest's Yalgoo iron ore project have been disrupted by the financial crisis as the miner's foreign partners renew their commitment to off-take agreements.
The merger between collapsed miner CopperCo and Mineral Securities has not been fully completed, with some MinSec shareholders missing out on shares owed to them.
The downturn in commodity markets has prompted Nomad Buildings Solutions to cut its earnings forecast for the 2009 financial year as its modular division comes under pressure.
The traditionally quiet time for businesses in the days before Christmas has been set aside as six Western Australian companies today unveiled merger and acquisitions plans valued at over $506 million.
Booragoon-based Total Staffing Solutions has entered an agreement to acquire recruiter Ultimate Skills in a $5 million scrip deal as it offloads its majority interest in Mining People International.
The market capitalisation of Western Australian listed companies shed $17 billion in November as uncertainty surrounding China's future growth and falling commodity prices continued to add pressure.
Babcock & Brown Infrastructure has been given an extension to purchase the remaining interest in WestNet Rail it does not already own, as it finalises its $339 million sale of New Zealand gas utility PowerCo.
South Perth-based Advanced Ocular Systems will transform into a scaffolding business after it agreed to merge with International Formwork & Scaffolding, valued at $22.5 million.
New motor vehicles sales in Western Australia have plummeted 21 per cent in November compared to the previous corresponding period, according to latest data from the Australian Bureau of Statistics.
Manganese miner OM Holdings says it will incur a loss of over $13 million after it closes another hedging position as Consolidated Minerals beefs up its interest in the miner.
A new industrial area is set to be created at Ashburton North which is being considered by oil giants Chevron, Exxon Mobil and BHP Billiton Petroleum for development of gas reserves in the Carnarvon Basin and Exmouth Gulf.
Babcock & Brown Power could face a class action lawsuit over the alleged failure to properly disclose its refinancing arrangements in the wake of the Alinta acquisition.
Perth-based Incremental Petroleum has recommended shareholders reject an $84 million takeover bid by Texan firm TransAtlantic, citing the current low oil price as one reason to rebuff the offer.
Perth-based Condor Nickel has agreed to merge with its shareholder, Chinese controlled Chihong International Mining, with the merged entity to have a host of projects across Western Australia.
CITIC Pacific Mining has been given the green light to submit proposals for a 70 million tonne operation for its Sino iron ore project in the Pilbara following the passing of amendments to its state agreement act.
Fortescue Metals Group has dismissed the value of over $190 million of legal claims over the suspension of its shipping contracts as "ambit claims", as it reveals that over $2 million of its funds have been frozen in the United States.