West Perth-based New World Energy plans to raise $10 million through an initial public offer to explore and develop its geothermal permits, and expects to list on the local stock exchange by the end of the year.
Adultshop.com has indicated it is unlikely to recommend a hostile takeover offer from Melbourne group Sexyland, saying its directors will not accept the offer on its current terms.
Moly Mines says it is continuing strategic investor talks for its Spinifex Ridge molybdenum operation in the Pilbara, as debt capital markets continue to resist supporting green-field projects.
Troy Resources' dissident director John Jones has returned fire in an increasingly heated boardroom battle as the company sets a date for the shareholders to decide which directors stay or go.
Marine safety company Mobilarm has joined the growing list of companies seeking to list on the stock exchange, today unveiling plans to raise up to $6 million in its initial public offer.
The Australian Securities Exchange has knocked back an application by PearlStreet to extend the expiry date of its listed options, as it proceeds with a conditional recapitalisation proposal by private equity firm Catalyst Investment Managers.
Tasmania and South Australia are Australia's top performing economies relative to their historic track record, contrasting with the resources-rich states of Western Australia and Queensland which are growing below par, a new CommSec study has concluded.
The Foreign Investment Review Board has given the greenlight to a $10.5 million investment by a Chinese company into Meridian Minerals, which will apply the funds to its Lennard Shelf zinc project in the Kimberley.
Epsilon Energy has entered into a binding deal to acquire the outstanding shares in private Canadian outfit Takatu Minerals, which holds prospective gold and uranium projects in South America, in an all-scrip deal valued at more than $9 million.
The founder of Carnegie Wave Energy, chairman Alan Burns, has decided to step down, ending his Australian public company career, as the acquisition of Renewable Energy Holdings is formalised.
Ramelius Resources' takeover bid for Dioro Exploration is gaining momentum with the Adelaide-based company boosting its shareholding by more than 9 per cent and extending the offer by three weeks.
GRD Minproc, a subsidiary of Perth-based engineering company GRD, has been awarded the definitive feasibility study contract by Kentor Gold for its Andash gold-copper project in the Kyrgyz Replublic.
Fortescue Metals Group will spend $360 million to upgrade its Christmas Creek iron ore mine in the Pilbara to boost its total Pilbara output by 40 per cent to 55 million tonnes a year by mid 2011.
Receivers McGrathNicol has recommended that Great Southern's 2008 wine grape income project be wound up after it determined that a minimum of nearly $8 million would be needed to produce a 2010 vintage.
The takeover battle for South Perth-based Rocklands Richfield is heating up, with first bidder Jindal Steel and Power boosting its shareholding through a $2.8 million on-market purchase.
Software developer Websby is set to broaden its horizons after unveiling a proposed acquisition of an internet-based procurement and materials management business in a $4.8 million scrip deal.
The global economic downturn has cut Hartleys' net profit after tax by 64 per cent to $6 million for fiscal 2009, in what has been described as a good result by the group's chairman.
Grain handling and marketing company CBH Group plans to simplify its zone system for electing directors after shareholders supported a resolution put forward by the board.
Gina Rinehart has been awarded this year's Telstra WA business woman of the year for her work in transforming Hancock Prospecting into the country's fourth largest exporter of iron ore.
Paladin Energy officers Rick Crabb and Gillian Swaby have reached a settlement deal on their action against collapsed margin lending business Lift Capital Partners, which sold a parcel of shares without permission.
Shares in West Perth-based Red Sky Energy grew as much as 18 per cent in trading this morning following the announcement of further coal seam acquisitions across prospective basins in northern New South Wales.
Perth-based Royal Resources has signed a $50 million binding deal with a Singaporean company for the joint development of the Razorback magnetite iron ore deposit in South Australia.
East Perth-based explorer Westgold Resources says it will press ahead with an exploration program at its Rover project in the Northern Territory, after successfully raising $22 million.
Moly Mines has today announced the terms of its $C31.5 million ($A33 million) capital raising, a necessity for the restructure of its $US150 million financing facility.
Western Australia's unemployment rate has risen to a seasonally adjusted 5.8 per cent in September, bucking the national 0.1 per cent fall, the Australian Bureau of Statistics said today.
AS a pack of reporters thrust their dictaphones in front of Troy Buswell late last week, the treasurer remarked that it reminded him of something other than a press conference.
THE number of Western Australian companies considering listing on the local stock exchange may be gaining momentum, but the frantic activity from a couple of years ago is not likely to occur any time soon.
Directors in Western Australian-listed companies continued to embrace the free share-trading period after the black-out period concluded with the end of the reporting season.
