Xstrata meets with WA government to discuss its $3.1b Jubilee takeover; Harold Clough quits Clough board after family sell down; Coventry rose by 3pcts yesterday; WA Department of Agriculture quits involvement in wheat breeding; Myer staff wins pay rise.
Specialist mining and energy software developer ISS Group Ltd has disclosed that its European office has concluded a purchase agreement with BG International, formerly British Gas.
Mine developer Precious Metals Australia Ltd has negotiated a new gas supply agreement for its Windimurra vanadium project with Santos Ltd, two months after Santos cancelled their original $35 million agreement.
Perth-based gas developer Po Valley Energy Ltd has awarded a $10 million contract for its first production plant in Itay, which is targeted to start producing in the third quarter of next year.
West Perth-based oil explorer Otto Energy Ltd has struck a deal to acquire an 18 per cent interest in a Philippines oil field that is set to enter production in April next year.
Specialist engineering company Neptune Marine Services Ltd has continued its rapid expansion by announcing plans to acquire Aberdeen-based Ross Deeptech Initiatives Ltd for $25 million in cash.
Private Brisbane company ERM Power is expected to proceed shortly with a new gas-fired power station at Neerabup, just north of Perth, after gaining environmental approval.
This week, as Prime Minister John Howard incurred the wrath of dog-walkers and Opposition Leader Kevin Rudd was ticked off by angry choristers, the economy remained the number one issue as the consumer price index was released.
Tap Oil Ltd has signed its third gas sales contract in the past two months, lifting its total revenue from the new agreements to $243 million over the coming decade.
South Perth-based energy company Aviva Corporation Ltd will incorporate emissions technology for carbon capture, desulfurisation and air cooling in its Coolimba Power project, south of Eneabba.
West Perth-based Straits Resources Ltd subsidiary Straits Asia Resources Ltd has entered into a deal to acquire two coal tenements north of its Sebuku Island operations for around $153.8 million, the company has announced.
West Perth-based Liquefied Natural Gas Ltd has announced plans to spin out subsidiary Gas Link Global Ltd after completing a capital restructure on the company and raising $7.5 million.
New nickel projects will inject a further 275,000 tonnes of the metal into global markets by 2013 - but supply-demand dynamics are expected to remain tight, Delta Securities' research analyst Carey Smith told the 2007 Paydirt Australian Nickel Conference
ARC Energy Ltd has negotiated deals to buy oil producer Anzon Australia Ltd and its UK parent company Anzon Energy Ltd, creating a merged group with a market value of about $1.1 billion.
Futuris to sell 43 per cent of its AAC stake; Uranium contracts puts BHP on the spot; Atomic authority says nuclear energy industry planning has to start next year; PM releases $4b concession package; Gage Roads main shareholder sells most of its stake.
Electricity retailer Synergy has emerged as the only one of the four disaggregated electricity corporations to exceed budget forecasts, reporting earnings before interest and tax of $64.9 million for the 2006-07 financial year.
Strong overseas demand for minerals and petroleum, particularly from China, and strengthening commodity prices pushed the value of Western Australia’s resources industry up 25 per cent to a record $53.4 billion in 2006-07.
Growth in the Western Australian residential property sector over the past year may not have reached the stellar heights of the 2004-06 period, but a double-digit return still points to the market’s continuing strength.
The state government is likely to approve two gas processing hubs on the west Kimberley coast despite conservation groups expressing concern about the impact of giant gas projects and the associated shipping movements.
