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Energy

Figures don’t lie on value for money

Two Western Australian chief executives stand out in our fifth annual salary survey, which also found a big increase in the number of million-dollar packages.

The end is coming...really

BHP Billiton’s proposed $400 billion merger with Rio Tinto is being hailed as the biggest game in the resources world, but there is a bigger force at work, and it has the potential to permanently chan

Rewards at Wesfarmers, Woodside

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.

Appointments at new Patersons arm

PERTH-BASED stockbroker Patersons Securities Ltd has appointed three former Alinta Ltd executives to head up its new arm, Patersons Capital Partners.

Big bonus bounce for the lucky few

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.

CVRD, BHPB up stake in Heron

GLOBAL miners, CVRD-Inco Ltd and BHP Billiton Ltd, continued to shower their attentions on resources junior Heron Resources Ltd, increasing their stakes in the West Perth company during the past week.

Chairmen have options in remuneration totals

The going rate for a non-executive chairman of a mid-sized listed Western Australian company sits between $120,000 and $170,000, judging by the data compiled by WA Business News.

Freehills adds new partner as Mannolini heads to Gresham

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.

Cooper completes $55m raising to fund offshore growth

South Perth-based oil and gas company Cooper Energy Ltd has completed its $55 million placement to Euroz Securities Ltd after winning the approval of its shareholders, the company has announced.

Heron keeps foot in two camps with CVRD placement

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.

Blue Energy completes Cobal Survey acquisition

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.

Today's Business Headlines

Doubts Mid-West ore miners can deliver; Taiwan giant locks into gas deal; Stokes lifts stake in WANH to 19.4%; Shareholders seek end to BHP-Rio stand-off; Kiernan draws Olympia into grand plan.

Oceanic Uranium Fund opens $50m IPO

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.

Oropa to take 90% of two Malawi uranium exploration projects

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.

Vendor withdraws Antares project majority stake offer

West Perth-based Antares Energy Ltd's planned acquisition of a 55 per cent stake in the Group A acreage of its Kenedy Ranch properties will not proceed after the project vendor terminated its offer.

Exploration spending in WA up 39% in 2006-07: ABS

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.

Men of the Trees wins 2007 WA Environment award

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.

Round 5: Returning Sledgehammers in View from the Arch

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.

Heron raises $17.2m in BHP placement

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.

Straits Asia signs $257m debt financing deal for mine buys

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.

Atomic subsidiary signs exploration deal with Tanzania

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.

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