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Staff Reporters

Limnios pair fined over unlawful fees

Real estate agents Helen and James Limnios have been reprimanded and fined $4,000 each by the State Administrative Tribunal for taking unlawful fees prior to settlement of transactions.

Worst is yet to come for retail property

Retail property has been struggling for over 12 months in Australia but rock bottom is still to come, according to gloomy results from the Australian Property Institute’s six monthly property directio

Diploma wins $55m in apartments jobs

Construction and development firm Diploma Group has won $55 million in new apartment development contracts just south of Fremantle.

Mundo Minerals exits Brazil

Mundo Minerals has quit its interests in Brazil with the sale its wholly-owned Brazilian subsidiary Mundo Mineracao Ltda, known as Mundo Brazil, to with a group of Brazilian high net worth individuals

Hogan estate sells down RCR stocks

The estate of the late Jeff Hogan has raised $4 million with a further sell down of shares in RCR Tomlinson.

Pretorius to leave Deep Yellow; AIM listing mooted

Uranium explorer Deep Yellow has announced that Leon Pretorius will leave the company after seven years as a senior executive.

Clough AMEC awarded Wheatstone Project ORM contract

Engineering and construction company Clough has announced that the Clough AMEC joint venture has been awarded a contract worth more than $30 million for the operability, reliability and maintainabilit

Wanneroo Central sold for $70m

Wanneroo Central Shopping Centre has been sold to the Charter Hall Retail Partnership, for $70 million.

Bannerman rises on positive Etango study

Bannerman Resources stocks have risen after the Perth-based explorer released a study it says confirmed its Namibian uranium project as one of the world’s largest uranium-only deposits.

Cortona to raise $7m for Dargues Reef

Cortona Resources has launched a $7 million capital raising to finalise approvals and commence site engineering works for its Dargues Reef Gold project in New South Wales.

GCU members back demutualisation plan

Goldfields Credit Union members have overwhelmingly supported the company’s proposal to demutualise and list on the ASX.

Cimeco awarded $125m FMG deal

Forge Group subsidiary Cimeco has won a $125 million civil and concrete works contract at Fortescue Metals Group’s Solomon Hub iron ore project in the Pilbara.

Mining sector produces 20% of GDP: report

Mining and mining related businesses make up 20 per cent of the national economy and the sector is much larger than many people think, a Minerals Council of Australia report says.

Perkins to complete Bunbury Hospital

Bunbury-based Perkins Builders has been appointed by the state government to complete the final stages of the $14.9 million Bunbury Hospital redevelopment.

Yara, Orica, Apache to build Burrup plant

Norwegian company Yara International has signed an agreement with Orica and Apache to develop a $US700 million ammonium nitrate plant on the Burrup Peninsula in a joint venture.

Alkane boosts coffers with $107m raising

Alkane Resources has set out to raise $107 million to fund the development of two significant resource projects in New South Wales.

Exoma contracts Ausdrill for QLD drilling

Exoma Energy has signed Ausdrill to provide a drill rig and drilling services at its Galilee natural gas joint venture in Queensland, in a deal worth $13 million.

BHP changes Port Hedland accommodation plan

Mining giant BHP Billiton has slashed the size of its proposed workers accommodation camp at Port Hedland, after opposition from state and local governments.

Australia tipped to be worlds largest gas exporter

Australia is set to become the world’s largest exporter of natural gas by 2030, according to delegates at the Australian Oil and Gas Conference and Exhibition in Perth.

PMI to raise $35m for Obotan

PMI Gold Corporation has entered a share purchase agreement with a syndicate of underwriters to raise $C35 million ($A32.8 million) to complete feasibility studies for its Obotan gold project in Ghana

Rudd steps down in surprise move

Kevin Rudd has resigned as Foreign Minister, saying he could no longer perform the role without the support of Prime Minister Julia Gillard.

McGowan proposes local government move

Labor Leader Mark McGowan has unveiled a plan to relocate the Department of Local Government, and its 103-strong staff, to Albany if Labor wins the next state election.

Underwood joins Tango Petroleum

Tap Oil founding managing director Paul Underwood has joined oil and gas junior Tango Petroleum in the role of executive chairman.

Mulroney returns to Venturex

Argonaut executive director Michael Mulroney has made a comeback to the board of Venturex Resources, this time as managing director.

Flinders gets court approval for takeover

Flinders Mines, owner of the Pilbara iron ore project in Western Australia, has received initial court approval for its $554 million takeover offer from Russia's Magnitogorsk Iron and Steel Works.

Bankwest profit continues growth

Bankwest has increased its interim profit to $268 million, up from $239 million the previous half-year.

Grain harvest smashes 15 million tonnes

Western Australia's 2011-12 grain harvest continues to extend its record-breaking run, with a truckload of wheat delivered to CBH Group's Pingrup receival site near Albany late yesterday afternoon tak

Blackgold buys Chinese barge company

Coal miner Blackgold International has acquired a Chinese barge transport business in a deal worth approximately $23 million.

Neptune sells US diving arm

Neptune Marine says it has completed its restructuring of operations, selling off its US-based diving business to a US private equity firm.

Emeco pushing into Chilean mining

Emeco Holdings has invested $50 million to expand its mining equipment rental business into Chile, establishing a new avenue of growth and gaining exposure to a new market.

BHP on ball at West Coast

BHP Billiton has extended its relationship with the West Coast Eagles, signing on as its match ball sponsor for 2012.

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Nalder stripped of finance portfolio

Dean Nalder has been stripped of his finance portfolio as part of a cabinet reshuffle after conflict of interest controversies.

Wenco wins Beenyup recycling contract

O'Connor-based engineering services company Wenco has been awarded a structural, mechanical and piping contract by the KEP Recharge Alliance for the Beenyup advanced water recycling plant in Craigie.

CEO Survey Results - the year ahead

More than 60 CEOs from WA provided Business News with detailed views on the year past, the next 12 months, their vision for the state, and what they expect from political leaders.See more responses he

Pacific Energy MD resigns

Pacific Energy managing director Adam Boyd has announced plans to leave the role at the end of March next year, after more than eight years at the company.

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Gillard clings to power

Julia Gillard will remain Prime Minister after securing the support of two of the three rural Independent MPs to form government.

First farmer loses crop to GM

A WA oat and wheat grower has become the first farmer to lose his organic certification after his crop was contaminated by a neighbour's genetically modified canola crop.

Labor to oppose retail trading change

The push for extended retail trading hours in Perth is doomed to fail after the Labor opposition decided to oppose the move, joining the Nationals who also oppose change.

Kleenmaid appoints administrators

Around 150 employees of national kitchen and laundry appliance retailer Kleenmaid Group face an uncertain future as administrators are appointed to the company after the global financial crisis hits sales and margins.