Rio Tinto has confirmed today its deal with Chinalco has been "terminated" with the miner instead opting to raise $US15.2 billion ($A19 billion) through a rights issue that will reduce its net debt to $US23.2 billion ($A29 billion).
BHP Billiton and Rio Tinto will set up a production joint venture comprising all of their iron ore assets in Western Australia, in a move expected to save them billions of dollars.
Rio deal with Chinalco is dead; Troubled Mirvac launches $1.1bn capital raising; BHP tempts China with index-linked ore prices; Investors pull back as mining falls off; Brandrill warns of loss for second half
A new anti-uranium campaign is due to be launched tomorrow as the Conservation Council of WA today submitted its concerns over BHP Billiton's proposed Yeelirrie uranium mine to the environmental watchdog.
Three Western Australian junior explorers are the latest in a string of companies to head to market for fresh equity, today unveiling plans to raise a total of nearly $10 million.
Aquila Resources has had a win in the Queensland Supreme Court case relating to its dispute with its joint venture partner in the West Pilbara iron ore project.
Cash-strapped biodiesel producer Australian Renewable Fuels plans to raise over $2 million, underwritten by a major shareholder, as it acknowledges it has continued to struggle to generate cash flow.
The state government's recently established Freight and Logistics Council has been given the task of assessing the contentious issue of upgrading grain transportation in Western Australia.
Shares in office equipment financing company ThinkSmart have jumped after the execution of a new wholesale funding deal with Societe Generale (SG) in Spain.
Sinosteel Midwest Corporation has warned its Mid West iron ore project may not go ahead after the environmental watchdog failed to approve an integral part of the mining proposal.
A Chinese government agency is set to take a 13 per cent interest through a near $10 million placement in East Perth-based Bauxite Resources following Foreign Investment Review Board approval.
Perdaman Chemicals and Fertilisers, the company behind the $3.5 billion urea plant near Collie, has awarded an engineering and construction contract to a Korean and Indonesian consortium.
A joint venture led by engineering and construction company Clough has been awarded a contract for early works on a major liquefied natural gas (LNG) project being developed by Exxon Mobil in Papua New Guinea.
Stocks soar on rise in GDP; Kagara poised to raise close to $200m; Ore price fall puts China on spot, boosts miners; WA may privatise assets to aid books; Union fury as Gillard talks tough
COULD a sea of electricity generators appear on the distant horizon off Yanchep in the next few years? Perth-bred scientist and entrepreneur George Taylor certainly hopes so, having a struck a deal with Griffin Energy to develop a wave power station capab
THE Environmental Protection Authority (EPA) has put further pressure on the development of new mines in the Mid West by opposing a key part of Sinosteel Midwest Corporation's proposed iron ore project.
WESTERN Australian building and construction companies are continuing to seek opportunities in the Middle East, despite the region's once brightest star, Dubai, continuing to fade.
THE state government will prosecute Apache Energy over the Varanus Island explosion, but many businesses believe the response pales in comparison with the Victorian Esso-Longford explosion of 1998, which generated a Royal Commission.
THE national property market is continuing to recover off the back of an increase in new home sales, but Western Australia is lagging behind the rest of the nation, according to new industry data.
THE post-boom environment has given rise to a surge in demand for outsourced chief financial officers, as small to medium-sized enterprises look to implement similar systems to larger businesses.
REAL estate agent Geoff Baldwin, fresh from completing the purchase of the RE/MAX franchise rights for Western Australia, believes the industry's traditional business model is finished.
DURING the past two years, Neptune Marine has been on a breakneck growth path, which has scared many investors who find it difficult to assess such a fast-moving target.
