Latest Headlines

Andrew Forrest's Fortescue Metal Group Ltd has increased the cost of its Pilbara iron ore project by $31 million, taking the final forecast cost up to $2.796 billion and leaving the company with no formal contingency.

Churchlands-based education services provider Navitas Ltd announced today it has reached an in-principle agreement with Curtin University to develop and manage a new university campus in Singapore.

Burswood-based Wavenet International Ltd has announced the sale of its modem technology business for at least $2.15 million, with the potential for further payments.

West Perth-based property developer Cedar Woods Properties Ltd has reported a 67 per cent fall in net profit for the half year to December 31 2007, although the company maintains it is on track to meet a full year net profit of $20 million.

Exploration and development group, Focus Minerals Ltd has announced a substantial resource upgrade for its Countess Resource gold deposit in Coolgardie.

West Perth-based Giralia Resources NL will pocket at least $70 million from two transactions with energy investments companies.

Unlisted company The Jeminex Group, a provider of industrial equipment to the resources sector, has purchased five new businesses raising its total number of acquisitions to seventeen.

Perth-based Perilya Ltd and Sydney-based CBH Resources Ltd have announced a $489 million merger deal to form a globally significant producer of lead and zinc.

Silver Lake Resources Ltd has reached an agreement to buy Alloy Resources Ltd's Comet gold project and Kurrajong nickel prospects for a total of $1.575 million.

Atlas Iron has set a target of 120 to 180 million tonnes of Pilbra iron ore, after previously reporting its Pilbara tenements were prospective for a total of 30 to 40 million tonnes.

Azuma Resources and Integra Mining have reported strong drilling results from their gold exploration projects in Kalgoorlie and Ghana.

The use of debtor finance by Western Australian businesses recorded a rare drop in the December quarter to $1.3billion following five years of strong growth, the Institute for Factors and Discounters (IFD) of Australia and New Zealand has reported.

Australian companies Nkwe Platinum Limited and International Goldfields Ltd have issued statements playing down speculation they were planning to complete a deal over some of their African platinum projects.

Woodside's Neptune oil and gas project has been temporarily stalled by the identification of a structural glitch which is estimated to impact the company by 0.15 million barrels of oil equivalent per month until the issue is resolved.

Iluka Resources Ltd's near $1 billion capital restructure despite tough capital markets hails a much needed positive for a company that has endured two tough years in the wilderness.

HBOS, the parent of Western Australia's biggest retail bank operator BankWest, was forced to deny it is in financial difficulty after rumour-fuelled selling hit the UK banking giant in trading overnight.

Churchlands-based Navitas Ltd said today that the establishment of its program for international students at McMaster University College in Canada has been delayed due to further discussions at the university.

A state government decision to divert trucks off part of Leach Hwy will cost the industry $20 million, the Chamber of Commerce and Industry of WA has estimated.

Orbital Corporation Ltd managing director Rodney Houston announced today that he will step down form his position as of the end of June 2008.

As Tiffany & Co prepares to take up residence on King Street in the city and a number of other luxury brands sign leases along the retail strip, several projects under construction in the CBD are attracting national and international brands.

Former Wallabies captain and mining finance expert Nick Farr-Jones will entertain guests at the Activ Dragonfly Corporate Leaders Lunch, March 25 in the Astral Room at Burswood.

Subiaco-based property syndicator, Australasian Property Investments Pty Ltd, is preparing to move ahead with a major mixeduse development in Subi Centro, having settled its $20.4 million acquisition of the site formerly owned by refrigeration company Arc

Celebration Homes has won an award for most affordable family housing at the Master Builders Association – BankWest Metropolitan Housing Excellence awards.

A two-speed economy may be starting to emerge in Western Australia.

It may be some time before a green-star building rating is mandatory for developers, but a number of businesses are getting ahead of the game and refurbishing their offices using

From the satellite imagery it looks almost as big as the town it takes its name from, but the proponents of the 264 hectare Margaret River Estate insist the development will be in keeping with the area.

Recently released images of Multiplex's planned City Square tower, future home of BHP Billiton, have prompted debate on the future direction of building design in Perth.

Gina Rinehart's Hancock Prospecting has only recently started mining at its Hope Downs iron ore prospect in the Pilbara, but is already advanced in the planning of its next two mines.

Wind turbines on Adelaide Terrace may sound like a futuristic vision for the city, but architecture firm Woodhead is hoping to break new ground with its design for Stockland's Dur

Smaller gold miners in Western Australia are set to capitalise on the soaring gold price, which has not even come close to the real highs of the 1980s.

Briefcase, in another guise, was strident in its opposition to last year's private equity bid for Australia's major airline and former national carrier, Qantas.

Those  unfamiliar with the Slavic languages will need to have the phrase; “Kto Kogo?” translated and explained.