Staff reporter

Eumeralla lists on ASX

Mongolia-focused minerals explorer Eumeralla Resources has listed on the Australian Securities Exchange, after successfully completing a $3.5 million initial public offering.

Legacy announces $6m Qld coal tenements buy

Legacy Iron Ore has acquired six highly prospective coal exploration projects in Queensland for $6 million.

Tenix to partner Water Corp in Pilbara

Industrial and mining infrastructure firm Tenix has been announced as the preferred contractor to complete a $200 million upgrade of wastewater services in the Pilbara.

Ansaldo awarded $151m Roy Hill deal

Ansaldo STS Australia has won a $151 million rail signalling contract for Hancock Prospecting’s Roy Hill iron ore project in the Pilbara.

Woodside focused on growth despite US gas glut

Woodside Petroleum has told shareholders that it plans to substantially increase its exploration spending and seek new partnerships, despite plunging prices caused by a gas glut in the United States .

Murchison's Matthews moves to Matilda

Matilda Zircon has appointed former Murchison Metals boss Trevor Matthews as its new chief executive. Mr Matthews will take the reins at Matilda from May 14.

NAB, BoQ won't pass on full rate cut

National Australia Bank and the Bank of Queensland have become the first banks to lower interest rates, but both say they won’t pass on the full 50 basis point cut recommended by the Reserve Bank of A

Grange says Southdown to cost $2.9 billion

Grange Resources has put a $2.9 billion price tag on its Southdown magnetite project near Albany and says it expects to make a final investment decision by the end of this year.

RBA moves on rates, now for the banks

The impact of the Reserve Bank's decision to cut its official cash rate by an unexpectedly large 0.5 per cent will become clearer later this week when Australia's big four banks announce their respons

Members support Police & Nurses rebranding

Police & Nurses Credit Society members have overwhelmingly thrown their support behind a plan to re-brand the institution as P&N Bank.

Carnegie receives $10m fillip

Carnegie Wave Energy has received close to $10 million in federal government funds to continue developing its wave energy technology.

Rio, UWA sign $3m partnership

Mining giant Rio Tinto has signed a $3 million partnership with the University of Western Australia aimed at increasing supply of graduates for the mining industry.

Property market stumbles over March-April

Perth’s residential property market is displaying renewed softness, according to figures released today.

Woodside sells $2bn Browse stake to MIMI

Woodside Petroleum has struck a $2 billion deal to sell part of its stake in the proposed Browse LNG development, in a move that will add to speculation the gas will be piped to the North West Shelf v

Woodside's Pluto begins production

Woodside Petroleum says it will soon be loading first gas for export from its Pluto LNG project, after commencing production at the $14.9 billion operation near Karratha.

Pura Vida rises on resource upgrade

Pura Vida Energy shares have jumped on the ASX today, after the Perth-based company unveiled an upgraded resource at its Mazagan exploration permit, off the coast of Morocco.

Slow recovery tipped for new houses

The Housing Industry Forecasting Group is predicting a slow recovery for the Perth new homes sector, with dwelling starts down 11 per cent this year on last.

Kagara appoints administrators

Embattled miner Kagara has called in administrators from Taylor Woodings after making no progress on restructuring its financing arrangements over the past week.  

RDG pays $6.25m for Ecologia

Resource Development Group has added a fourth arm to its engineering and contracting business after exercising an option to acquire Ecologia Environmental Consultants.

Government awards $22m Riverside roads deal

The state government has awarded a $22 million contract for road and infrastructure works at the Riverside project in East Perth to Broad Construction.

Zeta to list on ASX in early May

Perth-based oil and gas explorer Zeta Petroleum is expecting to list on the ASX early next month, after its $8.35 million initial public offering closed oversubscribed.

Broad to build new international terminal

Broad Construction Services has won the first stage works contract for the $300 million expansion of Perth Airport’s international terminal.

Middlemas appointment lifts Berkeley

Berkeley Resources' volatile share price jumped 28 per cent today, making up for similar losses last month, after the uranium explorer announced the appointment of successful Perth dealmaker Ian Middl

Cazaly gets nod for Parker Range

Cazaly Resources has received environmental approval from the state government for the construction of its Parker Range iron ore project near Southern Cross.

Georgiou kicks off construction at waterfront

Construction has commenced on the $440 million redevelopment of Perth’s waterfront, with Georgiou Group picking up a $50 million contract for early works.

ABT lines up funds to launch garbage truck brakes

Advanced Braking Technology says it has the funds in place to support the commercial launch of its garbage truck braking technology, after completing a $2.4 million capital raising.

Miners, unions clash on training claims

Western Australia's Chamber of Minerals and Energy has strongly denied claims from the construction union that the resources sector was not doing enough to train young Australian workers.

Labor proposes 20-year infrastructure plan

Opposition leader Mark McGowan has committed a future Labor goverment to work with the private sector to develop a 20-year infrastructure strategy for the state but the proposal has been rubbished by

Draig drills closer to JORC resource

Draig Resources says it is close to establishing a JORC-compliant resource at its coal exploration projects in Mongolia.

Kagara stocks in halt ahead of announcement

Shares in base metals miner Kagara have entered a trading halt, with the market speculating the struggling company is set to make a funding announcement.

Paladin to raise $US225m to pay back debts

Paladin Energy has announced it is seeking to raise $US225 million to cover its debts, through the issue of convertible bonds.



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.

most commented

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.