Construction and engineering firm Macmahon Holdings Ltd has launched a $446 million takeover bid for Canning Vale-based Ausdrill Ltd, a year after the drilling contractor revealed it had been approached by an unidentified suitor.
Epsilon Energy has entered a trading halt as shares in the Subiaco-based explorer skyrocketed by as much as 411 per cent in trade today, after an exploration target of 1 billion tonnes of iron ore was revealed for its Mardie project in the Pilbara.
West Perth based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a quarterly net profit of over $21 million ($US20.1 million), an increase of 139 per cent on the same quarter last year.
HIT by the high cost of feedstocks, biofuel players Mission Biofuels Ltd and Australian Renewable Fuels Ltd are seeking to adapt their strategies as rising agricultural product prices disrupt their business models.
IT may not be considered a sexy commodity compared with the likes of iron and gold, but the rapidly growing importance of potassium and phosphate is attracting the focus of a number of resource companies based in Western Australia.