Nickel miner Western Areas says it has probably recorded the lowest cash costs in Australia as production at its Flying Fox mine in Western Australia exceeded its yearly target.
The US sharemarkets were closed overnight for the Martin Luther King Jr public holiday, and no major local data was due for release on today, although the Australian dollar was expected to stay under $US0.6775.
The Forest Product Commission has estimated the damage from a fire, which swept through more than 2,500 hectares of pines near Yanchep, at around $100 million to industry and $10 million in stumpage value to the state government.
Hundreds of unionised Alcoa workers in Western Australia have today voted in favour of job security over pay increases in a bid to work with the company in the current economic uncertainty.
A prominent Western Australian economist and Treasurer Troy Buswell have both said the state is unlikely to dip into recession in 2011, as projected by economic forecaster Access Economics.
West Perth-based Carnegie Corporation has entered into a preliminary agreement with the Department of Defence to investigate the feasibility of a wave energy facility at Garden Island off Western Australia.
Shares in BHP Billiton have climbed higher despite a report the miner could close its Ravensthorpe nickel mine and some 700 employees may lose their jobs.
Western Areas Exploration Pty Ltd has been ordered by the Full Court of the Court of Appeal to pay for the appeal costs for Terry Streeter, chairman of unrelated company Western Areas, and his colleague.
West Perth-based oil and gas explorer GB Energy says it has the option to spend over $2 million to acquire a major interest in Protean Power which was developed a concept for a wave energy converter.
Shares in Balcatta-based Target Energy have fallen as the company withdraws from two gas joint ventures in the United States which is expected to save them over $2.5 million.
In what has been continuously described as a difficult market to raise funds, gold miner Avoca Resources has exceeded its $25 million capital raising target with stock issued at a slight discount to its share price.
Debt-laden Centro Properties Group completed a long-term refinancing agreement with lenders today, delivering its lenders 90 per cent of the company's equity and reducing pressure for asset sales.
Share bloodbath on fears of recession; Job losses send shares tumbling; Rio chairman takes fall for BHP bid debacle; CanWest may be forced to can Ten; Gillard defiant on jobs
OM Holdings says it has received overwhelming support from its shareholders for the introduction of Takeover Protection Provisions, which have been criticised by major shareholder Consolidated Minerals.
A study into the Mount Thirsty cobalt-nickel-manganese project in Western Australia has found the $606 million operation could catapult the joint owners into the world's top five cobalt producers.
The $4 billion price tag for the Oakajee port and rail project is expected to come down as the global economic downturn lowers the price of iron ore and mining project deferrals free up contractors.
Shares in Rio Tinto have fallen by as much as 10 per cent today as the miner posts a significant drop in iron ore output during the fourth quarter as the global market weakened amid the global economic slowdown.
The state government says it will provide an additional $31 million from the Royalties for Regions Scheme to increase support to country residents needing to travel away from their homes to access specialist medical services.
State government agencies have been ordered to slash advertising spend by 15 per cent and reduce the use of consultants by $5 million each year as the government undertakes a review into advertising and communications.
The effect of the global financial crisis is expected to become evident in coming months as Western Australia's December unemployment rate falls to a seasonally adjusted 2.8 per cent.
Wesfarmers set for storm; $60bn mining projects under threat; Argyle forced to axe 300 jobs; Telstra raises stakes with job cut plans; Write-downs weigh heavily on business
A TALE of two halves is the most apt description of capital raisings last year, with the fall-off in the latter part of the year meaning investors are likely to be more selective in 2009.
AS the state government conducts an audit on capital works projects worth more than $20 million in an effort to contain spending, a number of affected design firms have already started to count the financial costs, including redundancies.
A DISASTER or a strong recovery - that's Martin Place Securities managing director Barry Dawes's each-way bet for what's likely to pan out in equity markets in 2009.
RECRUITERS in Western Australia say the fall in job advertisements is not an accurate predictor of workplace trends, and businesses should focus on building their employment brand.
DEBT is a theme across all the top deals of 2008, something that hasn't featured previously because such matters were considered relatively boring in a market awash with cheap credit.
UK company Cape plc's acquisition spree in Australia in 2007 has continued to have extraordinary fallout, with three new competitors emerging in the scaffolding and formwork sector in Western Australia.
LISTED East Perth internet service provider iiNet was already number three in Australia when it bought local rival Westnet for $81 million, but the deal made it the dominant force in Western Australia and strengthened its national market share.
WHILE a number of aged care companies in Western Australia profited handsomely on the back of the boom, the sector overall has fallen victim to these economic good times.
