Staff Reporters

TFS announces NT land acquisition

Sandalwood plantation manager TFS Corporation has acquired a 2,910 hectare farming property in the Northern Territory for $4.45 million.

AnaeCo promotes Kedemos to board

Perth-based waste management technology firm AnaeCo has elevated its chief executive, Patrick Kedemos, to its board in the position of managing director.

Azumah completes C$20m raising

Perth-based Azumah Resources has launched a C$20 million (A$19 million) capital raising to fund exploration programs and a feasibility study for its Wa project in north west Ghana.

LNG Ltd signs EPC contract with Chinese firm

Perth-based Liquefied Natural Gas Limited has announced a $US760 million engineering, procurement and construction contract with China Huanqiu Contracting and Engineering (HQC) Corporation for its 3 m

Chevron hits more gas in Carnarvon Basin

Chevron has announced a new gas discovery in the Carnarvon Basin, a day after Woodside Petroleum disappointed the market by revealing three exploration wells originally earmarked for supply to its Plu

Nexus to process Crux gas through Shell's Prelude

Nexus Energy has entered a non-binding agreement with oil and gas giant Shell and Japan’s Osaka Gas which will see gas from the Crux natural gas asset off the Kimberley coast processed through Shell’s

Chevron signs ISS for Gorgon

Perth-based software developer ISS Group has signed a $2.4 million, one year contract with Chevron Australia to deploy its BabelFish suite of products at Chevron’s $43 billion Gorgon natural gas proje

Palmer funnels $2m into Australasian

Mining magnate Clive Palmer’s Mineralogy has agreed to provide iron ore hopeful Australasian Resources with a $2 million loan facility, which will allow the company to pursue additional mining rights

Sunbird to make ASX debut tomorrow

Perth-based exploration firm Sunbird Energy’s shares will commence trading on the Australian Securities Exchange tomorrow, following the successful completion of a $9 million initial public offering l

New harvest record for WA

Western Australia’s 2011-12 harvest has officially broken the record for most grain produced, with deliveries yesterday pushing the season’s total over 14.7 million tonnes, CBH Group says.

Major Transactions

CBD sales top $1bn Property group Stockland capped off a busy 2011 for office sales in Perth, with the sale of a 50 per cent interest in Exchange Plaza for $157.7 million.

Silver Lake lodges profit jump on record production

Silver Lake Resources has reported a 186 per cent increase in half-year pre-tax profit to $24.6 million, on the back of record production at its Mount Monger gold operation.

ADG acquires UK's Winchester

Mining services firm ADG Global Supply has announced the acquisition of UK-based Winchester Procurement for £1.12 million.

Navigator Resources secures $4.5m funding

Navigator Resources has secured $4.5 million in extra funding by negotiating a royalties deal with Canadian group Franco-Nevada, as it continues efforts to ramp-up gold production.

PMI Gold closer to Obotan project approval

PMI Gold Corporation has reported positive results from a pre-feasibility study for its Obotan gold project in Ghana, saying the results provide a good basis for securing funding.

Santos approves $490m Fletcher Finucane oil project

Santos today announced the final approval of the $490 million Fletcher Finucane oil project in the Carnarvon Basin, offshore Western Australia, and an increase in its equity interest after buying out

Ichthys LNG project to cost US$34bn

The owners of the Ichthys LNG project have today announced that the cost of the development will be US$34 billion, above most recent estimates for the long awaited project.

Property sector talks up prospects

Hegney Property Group has reported that rents in Perth rose by 6.8 per cent in 2011 and that vacancy rates that are currently at about 2.8 per cent are expected to tighten even further to 2.0 per cent

WA's IronClad gets $6m investment boost

Hong Kong based New Page Investments has taken a $6 million share placement in WA-based IronClad Mining, the developer of the Wilcherry Hill iron ore mine in South Australia.

Extension Hill to purchase Mt Gibson gold project

Iron ore developer Extension Hill is planning to exercise its pre-emptive right to purchase Legend Mining’s Mt Gibson gold project, gazumping a previously announced deal with private explorer Top Iron

CCI revises down WA growth outlook

While WA continues to record impressive economic growth, the CCI’s latest quarterly outlook highlights an economy of mixed fortunes.

LogiCamms awarded Rio Tinto upgrade

 LogiCamms has been awarded two design contracts worth $8.3 million as the intitial phase for the upgrade of electrical infrastructure at Rio Tinto’s iron ore ports in Western Australia.

Crosslands gains new mine approval

Mid West iron ore miner Crosslands Resources, which is set to become a wholly-owned subsidiary of Japan’s Mitsubishi Development after Murchison Metals sells its 50 per cent interest, has received env

Austal wins contract for support vessel

Boat builder Austal has confirmed a contract for a fourth wind farm support vessel for UK company Turbine Transfers for GBP 4 million.

VDM wins $25m BHP contract

VDM Group has announced today that it has been awarded a $25.2m contract from BHP Billiton Iron Ore for the design and construction of an ammonium nitrate storage facility at BHP's Jimblebar project.

Grain harvest surges to more than 14mt

Grain handler CBH Group has reported a late surge in grain deliveries, pushing the state’s total harvest to an unexpectedly large total in excess of 14 million tonnes.

Northern Star beats its own guidance

Northern Star Resources has exceeded its own production expectations, generating $46 million in operating cash-flow for the year, cementing its position as a highly profitable Australian gold miner wi

Atlas sells second magnetite project

 Atlas Iron has sold its Yerecoin magnetite project to US-owned Cliffs Natural Resources for $18 million plus potential royalty payments.

WA government rejects Margaret River coal

A bid to mine coal in Western Australia's sensitive southwest tourism and wine-producing region has been rejected by the state government after the proponent appealed the original Environmental Protec

Fair Work Act review details unveiled

The federal government has asked a former federal court judge, an academic and a Reserve Bank board member to review the Fair Work Act.

Legacy appoints Indian directors

Legacy Iron Ore has appointed three senior Indian business figures to its board, following shareholder approval of India’s National Mineral Development Corporation’s (NMDC) purchase of a 50 per cent i



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.

most commented

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.