At least 10,000 jobs are forecast to go in Western Australia over the next 18 months as an economic forecaster projects a 50 per cent fall in mining investments over the next two years.
Woodside Petroleum says it will issue $US1 billion in corporate bonds in the United States in a bid to repay short term debt and for capital expenditure.
Nomad Building Solutions has revised down its full year net profit forecast for the third time after reporting a 62 per cent slump in its interim earnings.
Aspen Group has reported an interim net loss of $42.8 million, taking a big hit from investment property revaluations and fair value adjustments for the reporting period.
Chevron Corporation says it is a step closer to commercialising its Wheatstone project after exploration of two natural gas fields showed there were enough resources to support a two-train development.
Mining services company Emeco Holdings has revised down its full year earnings forecast as it books a 30 per cent lift in half year net profit after tax of $39 million.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
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Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
A company that acts as an agent for emerging Chinese steel mills has signed a deal with explorer Epsilon Energy over the Mardie iron ore project in the Pilbara.
Fortescue Metals Group has warned it could take at least a $US171 million ($A264 million) hit from suspended shipping contracts but says talks with Chinese entities for equity investment and a hybrid funding package are progressing.
Nickel miner Independence Group's net profit has slumped 99.7 per cent to $123,000 as it takes a hit from falling commodity prices and a $9.1 million write down in listed investments.
Industrial software developer ISS Group has reported a strong 52 per cent increase in half-year net profit to $1.2 million on the back of a similar 54 per cent lift in revenue.
South Perth-based Oropa is set to capitalise on the burgeoning gold market by re-focusing its activities towards the precious metal and rationalising its non-gold assets.
Perth-based Focus Minerals plans to raise up to $28 million in two separate raisings, with the majority of funds to go towards the refurbishment of a treatment facility at its Coolgardie gold project.
Subiaco-based Stirling Resources has teamed up with Indian resources company NMDC to jointly identify, acquire and develop coking coal and iron ore investments in Australia and New Zealand.
Shares in NRW Holdings have risen sharply in early trade on the back of a 45 per cent lift in its interim net profit driven by higher revenue from its mining division.
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Property developer Port Bouvard has described its interim results as "pleasing" despite posting a loss after tax of $1.2 million for the six months to the end of December 2008.
PetroChina Co will reportedly buy a further 2 million tonnes of liquefied natural gas each year from the Gorgon project after it signed a deal with co-owner ExxonMobil.
The Chamber of Commerce and Industry of WA has identified 33 government agencies which it believes are superfluous and, subject to review, need to be consolidated, abolished, or have their services privatised or contracted out.
Southern Cross Electrical Engineering has forecast a 28 per cent increase in its full-year net profit after it was selected as CITIC Pacific's preferred contractor for the Cape Preston iron ore project.
Perth-headquartered Cash Converters has lifted its full-year net profit guidance to up to $15 million as it delivers a record first half profit result, boosted by acquisitions in Australia and the UK.
Project delays as a result of the global economic crisis have impacted RCR Tomlinson's half-year net profit despite the company booking a record revenue result.
