The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.
Fortescue Metals Group chief executive Nev Power has criticised what he calls "last man standing" expansion strategies by the major iron ore producers in the Pilbara while defending FMG's own expansion strategy.
The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.
The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.
An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.
As the state’s review of its electricity market seeks to turn the system on its head, investors protecting their interests have argued strongly to keep Western Australia out of the national electricity market (NEM).
A Perth based digital healthcare startup, ResApp Diagnostics has signed a heads of agreement to be fully acquired by Adam Sierakowski’s Narhex Life Sciences.
Cassini Resources, the five cent explorer that quickly graduated to a 25 cent stock in April after acquiring BHP Billiton’s West Musgrave nickel-copper project has taken a share price hit in its stride as it seeks to educate the market on its as yet unrealised potential.
A joint project between Woodside Petroleum and Curtin University is aiming to boost productivity in the construction of liquefied natural gas projects in Western Australia.
Scientists and engineers in Perth have begun quietly setting up a centre which could encourage more floating gas projects off Western Australia's coast and create local jobs.
Last month’s huge oil discovery off the Pilbara coast, which could be the largest local find in 30 years, has already provided West Perth junior Carnarvon Petroleum with a significant boost to its share price.
Junior producer AWE has claimed a new gas discovery in the Mid West could be the largest conventional onshore gas discovery in Western Australia in 50 years.
Recent changes to some airlines’ routes have provided a mixed bag for those flying into and out of Perth, with more ways to connect to Europe but fewer options to and from Asia.
POP philosophy enterprise The School of Life is tentatively considering Perth as its second permanent Australian centre, with a temporary school testing the local waters.
Rural network provider Horizon Power has in part blamed a downturn in the economy for the company’s decision to reduce its number of electrical linesmen by 28 per cent