Nearly 4,000 shareholders in West Perth company Moly Mines have effectively become stranded in the $63 million cashbox after a stand-off between its board and the ASX ended in a delisting of its stock.
A contractual fight is set to erupt between the state government and John Holland after the building commissioner today revealed there is more than one source of lead contaminating the water at the long-delayed Perth Children's Hospital.
Oil prices have tumbled more than 2 per cent, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.
CPB Contractors has failed in its application for an injunction against engineering group JKC Australia, which is claiming $39.2 million of liquidated damages related to work on the Ichthys LNG project.
The recently recruited global sales manager of Perth engineering company VEEM has been forced to resign after his former employer took Supreme Court action, claiming he breached terms of his employment agreement.
Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company's financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.
A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.