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.
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.
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.
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.
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.