Staff reporter

Emeco forecast profit lift

Earthmoving equipment supplier Emeco has forecast full year profit growth of up to 41 per cent due to strong demand in Australia, Canada in Indonesia.

Orbital flags possible equity raising

Orbital Corporation says it is evaluating its options with regards to a possible capital raising, after revealing its forecast loss this financial year would be larger than first thought, sinking to a

BC Iron passes milestone at Nullagine

BC Iron has hit a milestone in the ramp up of its Nullagine iron ore joint venture with Fortescue Metals Group, with the mine achieving its targeted production rate of 5 million tonnes per year.

MACA boss quits

Mining services company MACA managing director Chris Tuckwell has resigned, just months after six of the company’s founding shareholders cut their combined stake in the company by nearly 25 per cent.

Matrix seeking to raise $36.7 million

One-time market favourite Matrix Composites & Engineering has launched a $36.7 million capital raising to strengthen its balance sheet and partially pay off its debts, after disclosing it would in

Zeta falls on ASX debut

Perth-based oil and gas explorer Zeta Petroleum has had a harsh introduction to life on the ASX, with its shares falling to 13.5 cents from its issue price of 20 cents on debut today.

Sargent picks up Newman tyre shop

National fleet services firm Sargent says it is looking to expand its business further in Western Australia, after announcing it had acquired a Bridgestone tyre centre in Newman.

Pan Asia to spend $US180m on Indo coal mine

Pan Asia Corporation has released a study confirming the viability of its Transcoal Underground Coal Mine (TCM) in Indonesia, with the project set to cost around $US180 million to develop.

NRW announces new $129m contract

NRW Holdings has won a $129 million contract win for BHP Billiton Iron Ore’s Port Hedland inner harbour expansion.

Mount Gibson port upgrade complete

Mount Gibson Iron has completed its upgrade of port and rail facilities at Geraldton.

Goldfields Money debuts on ASX

Goldfields Credit Union has made its debut Australian Securities Exchange as Goldfields Money, after raising $9 million through an initial public offering.

CBD land released for new hotel

The state government is calling for hotel developers for a 7,300 square metre site on Hay Street in Perth’s CBD, the first land released under its hotel incentives scheme.

Cullen leads local push to stop offshore drilling

One of the Margaret River region’s most prominent wineries, Cullen Wine, is spearheading local efforts to convince the state government to stop oil and gas exploration off the South West coast.

CME to lead rare earths and lithium delegation to Europe

One of the state’s leading mining industry groups has kicked off a 13-day tour of Europe to promote the Australian rare earths and lithium sector.

Shortlist for $1bn Gateway WA revealed

Transport Minister Troy Buswell has announced a shortlist of three consortiums to construct the $1 billion Gateway WA roads upgrade.

Pilbara nitrate plant to cost $US800m

Chemicals company Orica says it will cost $US800 million to build an ammonium nitrate plant on the Burrup Peninsula, in joint venture with Norway's Yara International and US-based Apache Energy.

Bibra Lake steel fabricator closes doors

Bibra Lake-based Steelwise Fabrication has been forced to shut down permanently, prompting claims by the state opposition that the government is not doing enough for local business.

Bunnings trust ups rent on warehouses

Retail property landlord BWP Trust has increased rents on three of its Bunnings Warehouse properties, including significant jumps for two in Western Australia, highlighting the strength of Perth’s ind

Brookfield Place practically complete

Perth’s newest skyscraper has reached practical completion, with interior fitouts at Brookfield Place to be completed over the coming months, ahead of an official opening in September.

Aurora completes $120m raising

Aurora Oil and Gas has completed a $120 million capital raising to fund exploration and development at its shale gas acreage in Texas.

Perron Group takes half stake in Galleria

Shopping centre owner Perron Group has added to its bulging portfolio, snapping up 50 per cent stakes in Morley Galleria, The Glen in Melbourne and Colonnades in Adelaide from Centro Retail Australia

Charter Hall buys Perth office tower

Property fund manager Charter Hall announced today that it has moved to full ownership of 225 St Georges Tce, after buying out co-owner The Wyllie Group for $96 million.

Business urges caution on wage claim

Business has warned against adding further imposts to small business in Western Australia, urging the Western Australian Industrial Relations Commission to tread lightly over a proposal to increase mi

Magma directors back Panoramic bid

Panoramic Resources has moved a step closer to completing its $40 million takeover of Magma Metals, with the target recommending its shareholders accept the bid.

Industrial land market tightens over 2012

Perth’s industrial land sector is starting to show similar traits to the CBD office market, with sales data over the first four months of 2012 showing a clear contraction in supply.

BHP won't spend $80bn on expansion: Nasser

BHP Billiton chairman Jacques Nasser says the global miner will not spend the $80 billion on growth projects that it said it would, stepping back from previous commitments.

GE makes $700m move into mining services

US giant General Electric (GE) aims to increase its presence in the resources sector through friendly takeovers of two mining equipment businesses, ASX-listed Industrea and US-based Fairchild Internat

VDM announces $38m in new deals

Civil construction and contracting firm VDM Group has won $38 million in new contracts in Western Australia and Queensland.

Mirabela launches $120m raising plan

Mirabela Nickel has launched a $120 million capital raising, to boost the company’s coffers after its stocks plunged to a near all-time lows due to tough conditions in the nickel market.

Perth suburbs top national investment list

Perth has emerged as the hottest capital city location for property investment, with four metropolitan suburbs topping a list of the most affordable inner-city suburbs across the country.

Azumah signs up GR Engineering for Wa project

Azumah Resources has appointed GR Engineering to undertake design and engineering works for the Wa gold project, in northwest Ghana.



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.