Varanus gas blast a $2b blow to WA; Recession fears increase; Shareholders target boards in executive pay revolt; ANZ readies axe over troubled lending arm; Top China official in warning on BHP-Rio tie
The credit crunch sweeping global markets is buffeting the property sector in Western Australia, with major developer Brookfield Multiplex denying rumours that the $1 billion office tower City Square was in jeopardy.
Energy retailer Synergy has rejected claims by the Food Industry Association that it engaged in price gouging following the gas explosion at Varanus Island in June.
South-Perth based Cooper Energy Ltd today said its hostile takeover bid for Incremental Petroleum Ltd could become ugly if Incremental's board acts against its shareholders' wishes and refuses the unsolicited takeover offer.
The Chamber of Commerce and Industry WA has told a Senate inquiry into the Varanus Island gas explosion the approvals process has made the state's energy supply structure vulnerable.
Despite there being no firm launch date for the mutualisation of $9 billion fund manager GESB, a seven-member board has been unveiled that includes the who's who of the corporate world.
Former managing director of Woodside's green energy subsidiary Metasource, Richard Beresford, has been appointed to the board of West Perth-based energy company Green Rock Energy Ltd.
Disgruntled shareholder Power United Ltd has stepped up its calls to remove the board of Cape Lambert Iron Ore Ltd after it formalised a $250 million deal to acquire a stake in an African iron ore project.
WESTERN Australia formally lost its bid to host a multi-billion dollar liquefied natural gas plant on Friday, with Japanese company Inpex Ltd and project partner Total E&P Australia announcing Darwin
NATIONALS WA's Royalties for Regions plan, which is now a key element of the new government's policy platform, is going to be a true test for Colin Barnett and his team as they manage the state's finances.
RALLIES on global markets last week were a direct result of short covering and some over-exuberance by a few who have not yet lost all their investments or hope.
TORO Energy Ltd has clarified statements last week that it was among the top five most likely uranium project contenders in Western Australia to move to commercial fruition.
MALAGA-BASED Complete Site Services is set to become Western Australia's newest player in the transportable mining accommodation sector, having being awarded a $65 million contract to supply and install a camp for 801 workers at Fortescue Metals Group's H
MINERAL and petroleum commodities dominate Western Australian exports, with iron ore alone accounting for almost one-third of the state's total exports.
THE timber industry has incurred major losses and continues to struggle as a result of the state's gas crisis following the explosion at Varanus Island.
FORTESCUE Metals Group Ltd is closer to gaining access to Pilbara railways, after last week's High Court decision that some tracks were not part of BHP Billiton's production process.
THERE was something almost surreal about events last Friday when Western Australia lost the country's single largest resources project as the rest of the world trembled over the fallout from the global financial crisis.
A WORLD-FIRST monitoring system developed by Perth satellite communications company, Fastwave, is giving mining giant Woodside an advantage in meeting the strict environmental conditions attached to its Pluto project.
SMALL Western Australian-based renewable energy technology exporters are reaping the rewards of lucrative overseas market opportunities, as the global momentum towards sustainability continues to build.
THE pipeline fire at Varanus Island in June, which cut one-third of the state's gas supply, is expected to have an impact on nickel, gold, alumina and mineral sands exports in 2008-09.
US failure shocks markets; Reserve poised to cut rates; Emissions deal 'crucial' to economic future; China could be dragged down; NAB unveils $400m hit as global markets dive
The Merredin Shire Council has today approved the development of a $600 million wind farm that will generate enough electricity to power 160,000 homes.
The continued market volatility has claimed another potential acquisition with Newland Resources Ltd scrapping plans to acquire stakes in two companies that hold iron ore and petroleum projects.
Subiaco-based seafood processor Sam's Seafood Holdings Ltd has branched out into the coal sector after agreeing to acquire a company that holds a majority interest in an Indonesian coal project.
Moly Mines Ltd has executed full financing documentation for the provision of a $US150 million interim debt financing facility with various funds associated with the Trust Company of the West.
US-based machinery group Terex Australia has signed a design and construct deal with Perth Airport to establish its new WA headquarters on a four hectare site at the airport's Kewlink intermodal business park.
Former Arc Energy Ltd chief operating officer Marie Malaxos has been elected as the president of the Petroleum Club of Western Australia, replacing Derrick O'Keefe.
Two wholly-owned subsidiaries of Como-based construction company Forge Group Ltd have secured contracts valued at $50 million from mining companies including Rio Tinto.
Western Australia has formally lost its bid to host a multi-billion dollar liquefied natural gas plant, with Japanese company Inpex Ltd today announcing Darwin as its preferred site.
