West Perth-based Convergent Minerals Ltd has secured an option to acquire the Bounty gold mine in the Eastern Goldfields and will embark on a $2.5 million capital raising.
Perth has suffered the biggest drop in house prices, falling 2.4 per cent in the June quarter, as capital city house prices across Australia decline by the sharpest rate in nearly than three years.
West Perth-based ARC Energy has hit back at claims that it breached a confidentiality agreement after it received a writ from Oil Basins Ltd late last week.
Project delays have prompted Belmont-based engineering and construction company Paladio Group Ltd to report a smaller profit of $55,000 for the 2008 financial year.
IMF (Australia) Ltd said the first distribution of money owed to creditors from the failed miner Sons of Gwalia Ltd has started, as administrators accept an increase in the value of claims.
Nedlands-based Integra Mining Ltd will move to feasibility study for its Randalls gold project near Kalgoorlie after an earlier study pegged capital costs at $85 million.
A mining representative body has called on the federal government to reconsider plans to heritage list 17 million hectares of Kimberley land, saying it could seriously damage the future of mining in Australia.
The state's small to medium enterprises are keeping up with their larger counterparts as business conditions continued to further weaken SME's across the country.
Perth-based Incremental Petroleum Ltd has recruited the services of former New South Wales senator Sandy Macdonald who will join the board as non-executive director.
West Perth-based Polaris Metals NL Has signed a memorandum of understanding with the Fremantle Ports that will focus on finalising the best option to export ore from its Yilgarn iron ore project at the bulk berths at Kwinana.
At a time of market volatility, Perth-based Gindalbie Metals Ltd has eliminated the need to raise equity as its Chinese project partner AnSteel contributes a further $123 million to the $1.8 billion Karara iron ore project.
Apache Energy Ltd delivered good news on the gas criris today when it said partial production from its Varanus Island gas plant will resume ahead of schedule but the Chamber of Commerce and Industry WA said the state is not "out of the woods".
Western Australia is one of two states that have defied the downward path of Australia's manufacturing activity, which sunk to a near three-year low as high interest rates slow the economy.
Uncertainty in global markets has prompted West Perth-based Zambezi Resources Ltd to suspend all but one drilling activities in Zambia in a bid to redirect its focus to its main copper discovery.
HBOS, the UK parent company of BankWest, has recorded a 56 per cent fall in net profits for the first half of 2008 due to credit crunch turbulence while earnings at its Australian arm dipped 12 per cent.
Just days after shareholders in Cape Lambert Iron Ore Ltd voted to sell the namesake iron ore project, new owner MCC has sold a majority stake in the project to Russian steel making giant Evraz Group S.A.
The Chamber of Commerce and Industry has stepped up its calls for deregulated trading hours as Perth is revealed as the second most expensive capital for food and groceries.
The Real Estate Institute of WA has quashed claims by a leading property forecaster that Perth's house prices are set to fall 15 per cent over the coming year, saying past predictions have been proven wrong.
Western Australia's regional food producers will get improved access to the state's supermarket network as a trial promoting regional produce is rolled out across Perth IGA stores.
A draft policy to reform the way contributions for social infrastructure are sourced from residential property developers has generated mixed responses from the industry, with submissions from the Property Council of Australia (WA) and Satterley Property
While much of the state's focus has been on the Varanus Island gas crisis, operator Apache Energy is forging ahead with its Devil Creek gas development project, which is open for environmental submissions from the public.
Western Australian mining and mining service industries have experienced a huge rise in the demand for skills and equipment which, along with higher fuel costs, has driven up their costs of doing business.
Perth-based green energy firm Eden Energy Ltd has established a new US subsidiary to lead the production and promotion of its 20/80 hydrogen/natural gas fuel blend.
Strategic Marine chairman Mark Newbold has won his second major award for the year, joining five others as winners of the Ernst and Young Entrepreneur of the Year western region 2008 awards.
When prominent Perth accountant Frank Cooper was asked to join the WA Opera board, his initial reaction was: "The fat lady with horns? Not my cup of tea".
Despite record prices, the gold sector has failed to glitter like other commodities, with the failure of marginal producers having a knock-on effect in the service sector.
The concerns of one of Australia's leading actuaries regarding the transfer from the state of about $330 million in assets may have stopped the mutualisation of $9 billion fund manager GESB, which claims about one quarter of Western Australia's workforce
