Staff reporter

Southern Cross in $9m Rio contract win

Southern Cross Electrical Engineering has won a $9 million contract with Rio Tinto for overhead power lines at the Yandi iron ore mine in the Pilbara.

Strategic's UK push into repair and maintenance

Strategic Marine has entered a sales and service agreement with the United Kingdom’s Testbank Ship Repair.

VDM to lose $3m on Cape Crushing sale

Construction and contracting company VDM Group has announced it will take a $2.9 million loss on the sale of its Cape Crushing and Earthmoving Services subsidiary.

Cape Lambert delays Marampa listing

Cape Lambert Resources has deferred listing its Marampa iron ore project on the London Alternative Investment Market (AIM) until later this year, citing the volatile nature of world capital markets.

Capital city home values continue slide

The Reserve Bank of Australia’s attempts to stimulate the housing market are having little effect, according to figures released today, with capital city residential property values continuing to slid

UGL wins $190m in locomotive orders

Engineering firm UGL has won $190 million in contracts to supply and maintain freight locomotives for four different companies, including Rio Tinto's Pilbara mining operations.

PM criticises Minerals Council consultant

Prime Minister Julia Gillard has dismissed a Minerals Council of Australia report suggesting BHP Billiton's Olympic Dam expansion project in South Australia is in doubt.

Troy announces jump in Casposo guidance

Gold miner Troy Resources has increased its production guidance for its Casposo mine in Argentina by 40 per cent after preparing a new mine plan to include a significant discovery made late last year.

Confidence returning to residential market: REIWA

Rising home sales activity in the state is a sign of increased confidence in the sector, the Real Estate Institute of Western Australia says.

Ausdrill says it is looking at BTP takeover

Drilling and mining services contractor Ausdrill has confirmed it is in discussions to acquire equipment supplier Best Tractor Parts.

Leighton puts mining under one roof

Construction and contracting giant Leighton has announced it has unified its HWE Mining and Leighton Contractors operations under the new brand Leighton Contractors' Mining Division.

Wolf raises $5m for Hemerdon project

Wolf Minerals has completed a $5 million capital raising to provide additional funds as it seeks to finalise financing arrangements for its Hemerdon tungsten and tin project in the United Kingdom.

SAT gives Matilda green light at Keysbrook

Matilda Zircon says it will begin production next year at its Keysbrook mineral sands project in the south west after securing final approval from the State Administrative Tribunal.

Coles chief signs to extend contract

One of Australia's most highly paid executives, the head of Coles supermarkets Ian McLeod, has signed up to extend his contract.

Aluminex director charged by ASIC

Western Australian company director David Zohar has been charged with three counts of providing false or misleading information to the Australian Securities Exchange.

Rio/Sinosteel reach 200m tonne milestone

Rio Tinto and Sinosteel are celebrating a huge milestone at their Channar iron ore joint venture in the Pilbara, with the 200 millionth tonne of iron ore from the mine sent on its way to China yesterd

Unions, industry clash on mine labour

Multi-billionaire mining magnates should unlock the untapped potential in Australia's labour market before offering jobs to foreigners, a key union says, but the mining industry has dismissed these cl

Ex-MACA boss Tuckwell makes Ausdrill comeback

Recently-departed MACA chief executive Chris Tuckwell has returned to Ausdrill to oversee its African operations.

European stocks waver on Spanish banks

Most European stock markets have fallen on bank strains in Spain, but avoided a deep slump after opinion polls pointed to a win for pro-austerity conservatives in the upcoming Greek election.

Perth investors back Azure Healthcare

Perth-based technology entrepreneur Nathan Buzza is among a group of investors supporting medical technology business Azure Healthcare, formerly TSV Holdings.

Penalty for CFMEU

The Construction, Forestry, Mining and Energy Union has been fined more than $8500 in penalties by the Federal Magistrates Court for making misleading statements regarding workers obligations to join

Lycopodium JV wins Rio contract

Rio Tinto Iron Ore has awarded a contract to manage the expansion of its Nammuldi iron ore mine in the Pilbara, to a joint venture between Lycopodium and URS Australia.

Simpson, Hancock join Atlas board

Iron ore producer Atlas Iron has appointed its chief commercial officer Mark Hancock and lawyer Geoff Simpson to its board, as part of the company’s expansion plans.

RBA wants faster payments system

Australian banks need to catch up with the rest of the world and make financial transactions faster for customers, Reserve Bank of Australia boss Glenn Stevens says.

Big job losses after Hastie failure

Engineering company Hastie Group is in the process of being carved up, with its mechanical, electrical and plumbing businesses suspending operations but other divisions continuing to trade while they

Contract win for VDM

Civil construction and contracting firm VDM Group has been awarded a $13 million contract from MCC Mining for installation works on the Sino Iron project in the Pilbara.

New Karratha high-rise

The state government has unveiled a $125 million high-rise apartment complex in Karratha today, the first of its kind in the regional town.

ThinkSmart takes a hit

Online finance specialist ThinkSmart has taken a battering from shareholders on two fronts, with a sharp slump in its share price yesterday following a profit warning and a large protest vote against

Funding lifeline for Port Bouvard

Residential developer Port Bouvard has been given a lifeline by St George Bank which has approved funding for another five months, despite property writedowns that have resulted in the company breachi

Alcock wants Kennett-style reform

Leading home builder Dale Alcock has called for more reform of the building approvals system, saying recent changes to allow private certification had failed.

Migration deal for Rinehart's new mine

The Roy Hill iron ore project will be able to bring up to 1715 overseas workers into Australia during its three-year construction phase under a new immigration program announced today.



Morning Headlines

Union settles with BGC over case of the concrete pour

State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Vale Shane Gherbaz

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Brierty bags $300m contract

Brierty and three Aboriginal contracting firms have won a $300 million contract with Rio Tinto to complete mining and civil works on a project in the Pilbara.

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State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Rinehart comments an 'insult': Swan

Treasurer Wayne Swan has slammed mining magnate Gina Rinehart for insulting Australian workers after she called for a cut to the minimum wage and accused people of being jealous of the wealthy.

Rayney sad his wife's killer is still free

Acquitted murder suspect Lloyd Rayney has spoken of his sadness that his wife's killer is still at large, rather than the relief he feels at being cleared of killing her himself.

Leighton/Georgiou consortium wins Gateway works

A consortium led by Leighton Contractors and Georgiou Group has been chosen by the state government to deliver its $1 billion-plus Gateway WA project.