The Perth-based diamond explorer Paramount Mining Corporation Ltd is set to launch a $40 million capital raising ahead of a new exploration float on the Johannesburg Stock Exchange in September this year.
One of the biggest names to emerge from WA is set to take a backseat in Australia's construction landscape, with former Perth giant Multiplex Group taking the name of its new owner Brookfield Asset Management Inc to become Brookfield Multiplex Ltd.
Ambitious redevelopment plans for Scarborough's landmark Rendezvous Observation City site have now been lodged with the City of Stirling for development approval.
South Perth-based Dragon Mountain Gold Ltd has raised $6.32 million via the placement of 13.45 million shares at 47 cents each with a range of select institutional groups and sophisticated investors in Australia and the UK.
Teaching and research activities in Western Australia have received a boost with the announcement of a $150,000 donation from Mitsui & Co (Australia) Ltd and Mitsui Iron Ore Development Pty Ltd to The University of Western Australia.
Diploma Group has released its first results as a listed company, offering half year returns that its says show the builder and developer is on track to meet prospectus forecasts, with a big boost from the decision to end its joint venture with Probuild.
Listed accounting and financial services group Count Financial Ltd has acquired a 25 per cent shareholding in West Perth firm RLF Bentleys Pty Ltd, formerly Rix Levy Fowler, for just under $1 million.
West Perth-based Coote Industrial Ltd has announced a net profit after tax of $7.3 million for the half year to December 2007 on sales of $143.8 million.
Bedding franchiser Joyce Corporation Ltd has reported a small increase in net profit after tax to $1.428 million, and outlined plans for further growth of its retail operations.
Lower than expected trade at its flagship Mad Monk brewery in Fremantle has seen Oz Brewing Ltd post a net loss after tax for the half-year to December 2007 of $702,923, up from a $154,054 loss in the previous half year.
Compensation for commercial fishermen affected by new laws was back on track following the withdrawal of a disallowance motion in Parliament this week, Fisheries minister Jon Ford has announced.
A joint venture between Pacific Ore Ltd and the Shanghai-listed, Western Mining Joint Stock Company, is set to commission a full scale feasibility study into the development of a commercial scale Bioheap operation in Inner Mongolia.
Local Government minister Ljiljanna Ravlich and Regional Development minister Jon Ford have announced the appointment of Jennifer Mathews as the Director General of Department of Local Government and Regional Development.
Peet Ltd has announced an after tax profit of $15.3 million for the half year ended December 2007, down 21.4 per cent on the previous half-year result.
The state government's discussion paper outlining the first comprehensive approach to the long-term development of the Western Australian food industry has been released today for public and industry comment.
Premier Alan Carpenter has announced a $20 million state government investment in the establishment of an International Radio Astronomy Research Centre in Western Australia.
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Redcliffe-based Global Construction Services Ltd has announced a net profit after tax of $4.7 million for the half year to December 2007, the group's first reporting period as a listed entity.
Former state government minister John Bowler has announced he will stand for the seat of Kalgoorlie as an independent candidate at the next state election, due in early 2009.
Subiaco-based mineral explorer TNG Ltd is set to joint venture a portfolio of non-core mineral exploration projects in the Northern Territory with Western Desert Resources Ltd.
BankWest's parent company HBOS Australia has reported a 15 per cent increase in profit, saying it is a good result considering the big investment in east coast expansion it has undertaken.
East Perth-based engineering consultancy Lycopodium Ltd has announced a net profit after tax of $4.8 million for the half year, on revenue of $55.9 million.
The WA Local Government Association today released its draft plan for restructuring of the sector, with a focus on a regional system of service delivery but no forced amalgamations of local councils.
West Perth-based Brumby Resources Ltd has launched an underwritten 1-for-2 pro-rata non-renounceable entitlements issue, to raise a total of $2.57 million for exploration at its Pilbara iron ore projects.
Perth-based asset management firm PearlStreet Ltd has reported a net profit after tax of $821,000 from ordinary activities for the half year ended December 2007, down 26.9 per cent on the 2006 corresponding period result.
The three directors of West Perth-based Trafford Resources Ltd have injected a total of $1.8 million into the company's exploration efforts after each exercised 4.5 million options at 25 cents a share and over 2 million options at 35 cents today.
GRD Ltd has confirmed that it is looking at new ownership arrangements for its Global Renewables infrastructure arm, as its Minproc engineering business reported a strong rise in profits.
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The race is on to find ways to store carbon dioxide emissions, but some in the sector argue the legal framework has to be put in place to deal with this new issue and the business opportunities it creates
