Western Australia’s biggest industrial company, Wesfarmers, has confirmed its status as Perth’s very own ‘millionaires’ factory’, with eight executives earning more than $1 million last financial year.
There was a big increase in the number of companies paying very large cash bonuses last financial year, and at first glance its hard to reconcile some of the increased payments with company performance.
The booming advisory market in Perth is creating some musical chairs among the key players, with corporate lawyer Justin Mannolini heading to Gresham Advisory Partners Ltd, prompting Freehills to fill the vacancy by appointing a new partner, Simon Reed.
West Perth-based Heron Resources Ltd will raise $17.2 million through the placement of 15 million shares to CVRD Inco Ltd, just days after raising the same amount in a two-tranche placement of the same number of shares to BHP Billiton.
West Perth-based energy exploration company Blue Energy Ltd has completed its acquisition of the Cobalt Seismic Survey within its Queensland petroleum exploration tenure ATP 854, the company has announced.
Nedlands-based investment company Oceanic Uranium Fund Ltd will raise $50 million in its initial public offer, raising funds to pursue investments in the uranium and broader energy sectors, the company has announced.
South Perth-based gold explorer Oropa Ltd will secure a 90 per cent stakes in two uranium exploration projects in Malawi through the establishment of two independent joint venture companies with the current holders, the company has announced.
Spending on mineral and petroleum exploration in Western Australia rose by 39 per cent to $839.2 million in the 2006-2007 financial year, accounting for nearly half of the nation's total, according to the Australian Bureau of Statistics.
The Carbon Neutral program run by community organisation Men of the Trees has won the 2007 WA Environment award at a showcase honouring individuals, community groups and businesses who have shown outstanding achievement in protecting the environment.
WA politics reclaimed the spotlight this week as Upper House MP Shelley Archer quit the ALP. Meanwhile both federal parties launched their campaigns, Foreign Affairs spokesmen were in furious agreement and our expats started voting.
One week after Brazilian mining giant CVRD Inco agreed to fund further studies on Heron Resources' Kalgoorlie nickel project, Heron has done a deal with Australian mining giant BHP Billiton to raise extra capital for a second nickel project.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has signed a debt financing agreement worth around $257 million to part fund its purchases of additional mine concession areas in Indonesia, the company has announced.
West Perth-based uranium explorer Atomic Resources Ltd's Tanzanian subsidiary has signed a memorandum of understanding with the National Development Corporation to explore two coal fields in southern Tanzania.