The state's two biggest mining companies have downplayed the recent dive in the iron ore price, insisting the outlook is still positive despite analysts tipping a continued fall to around $US80 per tonne.
Western Australia has been ranked as the world's most attractive jurisdiction for investment in the resources sector, based on the state's geology and its improved policy settings.
Rare earth miner Lynas Corporation has widened its half-year loss and warned that it will need to raise additional funding within the next 12 months to meet its debt repayment obligations.
SPECIAL REPORT: As the junior resources sector slows, so do the earnings of companies most exposed to the sector – exploration drilling and mining services firms.
SPECIAL REPORT: Tight debt and equity environments have led many junior mining and exploration firms to seek alternative arrangements to finance their operations.
Struggling miner Atlantic has secured $29.7 million in debt funding from its major shareholder Droxford International and negotiated a standstill arrangement with the majority of its noteholders.
Chevron Australia and the state government have signed a landmark deal to boost residential development in Onslow, near Chevron's $29 billion Wheatstone liquefied natural gas project.
Gold and silver futures have dropped as investors come to grips with the prospect of continued stimulus reduction by the Federal Reserve in the wake of better-than-expected US employment data.
Chevron is well known as the company behind two of Australia's largest resources projects, but today the oil and gas giant released data indicating it is also one of the country's biggest inve
New Standard Energy has reported a profit of $1.2 million for the half financial year ended December 31, with an income tax benefit helping shift its performance back into the black.
Western Australia's mineral and petroleum sector grew 15 per cent in value last year, after a weaker Australian dollar and greater sales helped counteract falls in some commodity prices.
Engineering firm Downer EDI has won a $70 million contract to perform structural, mechanical, piping and electrical work at the Technical Ammonium Nitrate Plant project on the Burrup Peninsula in Western Australia.
FairStar Resources has cancelled its $260 million joint venture which would have provided 80 per cent of the required funding for its Steeple Hill iron ore mine in the eastern Goldfields, while at the same time announcing an alternative deal that will pay for the project's rail infrastructure.
Flinders Mines has announced plans to raise $14.3 million through a share placement and entitlement offer to fund a bankable feasibility study and further exploration on its Pilbara iron ore project.
Former Labor minister Martin Ferguson has heralded floating liquefied natural gas as the wave of the future, urging the Western Australian government to work with developers like Shell, Woodside Petroleum, ExxonMobil and BHP Billiton.
Woodside Petroleum has signed a sales and purchase agreement with Korea Gas Corporation for up to 2.2 million tonnes of liquefied natural gas over three years.
Southern Cross Electrical Engineering has been awarded a $40 million contract for further electrical and instrumentation works at Rio Tinto's Cape Lambert Port B project.
Welshpool-based contractor MACA has launched a $59 million capital raising and paid out a special dividend to shareholders on top of last week's interim dividend.
