Nedlands-based gold explorer ABM Resources has outlined plans to raise $19.6 million from private equity fund Pacific Road Capital as it aims to bring its Old Pirate project in the Northern Territory to production.
Gold miner Regis Resources has blamed higher production costs at its Duketon project for a 32 per cent slump in first half profit but says recovery efforts are proceeding in line with expectations after torrential rain caused extensive flood damage to the site.
Developer and fund manager Aspen Group has continued selling its non-core assets, offloading its 50 per cent stake in Adelaide's Australian Taxation Office building as well as its interest in the a
Never has the KISS management principle (keep it simple, stupid) been better demonstrated than in the dreadful condition of Western Australia's mineral processing sector, where crisis is piling on crisis.
Gold futures have climbed to a six-month high as investors seek to protect their wealth from the ripple effects of financial troubles in China and geopolitical tensions in Eastern Europe.
Junior explorer Cott Oil and Gas has outlined plans to join the ranks of floating LNG producers, engaging Shanghai-based Wison Offshore and Marine to deliver a concept study for a floating vessel to support development of gas fields in Papua New Guinea.
The new directors of Empire Oil & Gas have admitted the company's financial position is worse than originally anticipated, with an initial review revealing a raft of performance issues at its flagship Red Gully gas and condensate processing facility.
Approvals for home loans in Western Australia have risen by 10 per cent over the past 12 months, but the strong growth appears to be slowing down, according to economists.
Consumer confidence within Western Australia has slumped to near record lows with the closure of high-profile businesses on the east coast and the prospect of higher interest rates rattling households.
The High Court has ruled that native title rights are not extinguished by the granting of mining leases, in what indigenous groups have described as a landmark decision which will provide a clear basis for the resolution of other native title disputes.
Former Treasury head Ken Henry has joined calls for the federal government to face up to the fiscal hurdles posed by the nation's growing welfare and health budgets.
The Subiaco Arts Centre will tomorrow launch its own independent festival, with high hopes to continue the strong public support for such arts events which has been evident at the Perth International Arts Festival and Fringe World Festival.
The state's two biggest mining companies have downplayed the recent dive in the iron ore price, insisting the outlook is still positive despite analysts tipping a continued fall to around $US80 per tonne.
Western Australia has been ranked as the world's most attractive jurisdiction for investment in the resources sector, based on the state's geology and its improved policy settings.
Western Australian magnate Len Buckeridge has died of a heart attack at his home at the age of 77 – leaving one of the nation's biggest construction and building materials businesses in the hands of his children.
