Biotech company Admedus has completed an oversubscribed $8 million share placement as it looks to push marketing for its CardioCel regenerative tissue product in Europe and the US.
Andrew Forrest has emerged as a surprise backer of Energy and Minerals Australia, taking a major stake in the Perth-based uranium explorer through a much-needed $12 million investment. EMA has also struck a debt-for-equity swap with its noteholders.
Andrew Forrest's Minderoo Group has emerged as the surprise buyer of the state's largest beef processor, Harvey Beef, quashing speculation that the company would be sold to Chinese interests.
BC Iron has beaten iron ore sales guidance from its Nullagine joint venture for the March quarter despite lower than anticipated production in the period.
Energy and Minerals Australia has extended its trade suspension period to almost a month after signalling it has been unable to complete a proposed capital raising.
The state government has secured private funding to build own and operate a 150 megawatt power station in South Hedland which will incorporate infrastructure from a smaller power station that collapsed engineering company Forge Group was building.
Fortescue Metals Group shipped record quantities of iron ore in the first three months of 2014, despite posting softer production on the back of seasonal wet weather.
Fortescue Metals Group has taken control of ore processing and train load out facilities at its Solomon Hub project previously managed by Leighton Contractors.
Fortescue Metals Group has vowed at the official opening of its final expansion project that it was not the end of its incredible rise to become the world's fourth-largest iron ore producer.
Alinta Energy has entered into negotiations to supply more Pilbara businesses with electricity following the termination of a long-standing state agreement, which restricted its ability to provide power.
Western Australia has reclaimed its position at centre stage in the money world, not because it is sucking in development capital but more so because it has become a global cash cow.
Macmahon Holdings has returned to profitability but warned that tough conditions for companies servicing the mining industry are unlikely to pass anytime soon.
Engineering contractor Monadelphous Group has posted a record half-year net profit of $87.1 million, with cost-cutting efforts offsetting softer revenue.
Mike Young has been confirmed as the new chief executive of Energy and Minerals Australia as a condition of a deal to secure more debt funding for the uranium explorer.
Mining services company Mineral Resources is close to implementing ambitious plans to develop new transhipment facilities in the Pilbara and in Cockburn Sound to support growth in iron ore exports.
Fortescue Metals Group has appointed the BAM Clough joint venture to design and construct a fifth iron ore loading berth at its Anderson Point facility in Port Hedland.
Atlas Iron managing director Ken Brinsden told a business forum in Perth today the big mining houses' practice of locking-up resources in the Pilbara was depriving smaller miners of development opp
Iron ore miners in the Pilbara are on track to reach production and shipping targets, despite bad weather hampering operations and affecting some December quarter results.
The granting of planning approval for a $400 million apartment project in Port Hedland has focused attention on environmental issues facing the Pilbara town.
Plans for a major industrial hub at Forrestdale are gathering momentum, with planning approvals granted and manufacturing giant Hitachi preparing to start construction on a new $100 million headquarters.
Mineral Resources has confirmed the sale price of its Christmas Creek plant, saying Fortescue Metals Group will pay around $300 million for the processing facilities.
Shares in West Perth explorer Riedel Resources have skyrocketed after Fortescue Metals Group agreed to farm-in to its Charteris Creek tenement in a deal worth up to $1 million.
Fortescue Metals Group has assumed "full operational responsibility" at its Christmas Creek mine after two fatalities in less than five months, announcing it has purchased the mine's ore processing facilities from Mineral Resources subsidiary Crushing Services International.
The Department of Mines and Petroleum has warned Fortescue Metals Group to improve safety procedures at its Christmas Creek mine in the wake of a second fatality at the site last month.
Is the world about to become a better place? That's not a philosophical question, it's simply an observation that economic conditions might be better than we realise, as shown by recent developments in China, the US and the UK.
Rio Tinto employees have dominated a list of 16 executives and key operational players based in Western Australia that feature in the 100 Global Inspirational Women in Mining.
Australian of the Year Ita Buttrose has offered a bleak assessment of the level of diversity in the business sector, despite decades of effort to get more women to the top of industry.
Fortescue Metals Group is continuing to accelerate its debt reduction by initiating repayment of nearly half of its $US2.04 billion in senior unsecured notes to its trustees that are due in 2015.
Andrew Forrest has purchased a further 2 million shares in Fortescue Metals Group at a cost of $10.99 million, further cementing his position as the biggest wealth creator in Western Australia.
Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.
