Mineral developer IMX Resources will sell part of its Ntaka Hill nickel mine to Mauritius-based private equity company Fig Tree Resources Fund II, with plans to use the cash to fund its nearby graphite project.
Mining contractor Barminco Holdings has taken advantage of the falling Australian dollar to repurchase $US36.9 million of its US high-yield bonds, through a transaction that did not require the use of cash reserves.
The state government is proceeding with plans to create a City of Perth Act as part of its reform of local governments, with cabinet approving the drafting of legislation to be released early next year.
Department store chain Kmart is set to move its Western Australian distribution centre from Canning Vale to Jandakot, with plans in motion to establish a $40 million facility at Jandakot Airport.
The share market has hit its lowest level in more than 10 months as falling commodity prices contributed to a sixth consecutive straight day of losses.
Banks should be forced to hold more capital in order for them to impress their offshore creditors, the head of the government's financial system inquiry says.
Crane hire company Boom Logistics is relying on staff cuts and surplus asset sales to pay down debt amidst challenging market conditions, the company said today.
The state's private electricity providers have warned that an unfavourable result in the Energy Market Review could cause problems for independent operators, ultimately stifling competition and putting pressure on power prices.
This week, Treasurer Joe Hockey and Finance Minister Mathias Cormann said this was the year that the government "commenced the critical task of repairing the budget".
Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.
Developers will be able to get a slice of prime coastal land near the South Fremantle Power Station early next year, after the state government today approved the master plan for the redevelopment
Global oil prices have slid to new multi-year lows after a top OPEC official suggested that speculation largely was driving the market lower, indicating the cartel would keep output unchanged.
The deficit forecast for the federal budget has blown out to $40.4 billion, with a surplus projected for 2019-20 in the mid-year economic and fiscal outlook.
US-based logistics giant Iron Mountain is bemused with Australian data management business Recall Holdings' dismissal of its $2.2 billion takeover offer.
Mineral sands developer Mineral Commodities has become the subject of action in the High Court of South Africa, after a dispute over a garnet deposit at its Tormin operations.
