The outlook for Aquila Resources' Queensland coal project appears gloomy with the company admitting it has revised its work plan and reduced the workforce.
The Australian share market is expected to extend its losses in morning trade after opeing more than one per cent lower, but should make something of a late recovery into the close.
Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.
Leighton Contractors has secured a $1.3 billion deal with Fortescue Metals Group for work at the Kings iron ore deposit, adding to a $1.5 billion deal Leighton signed last year at the neighbouring
Gold and silver futures have pulled higher as investors who wagered on lower prices cashed in gains on the previous day's slump, and as a rebound in physical purchases buoyed prices.
US investors have endured another down week after the Federal Reserve surprised markets by signalling that it would begin to taper its bond-buying program later this year.
THE WA Council of Social Service has expressed concern that many small businesses and charities remain unaware of looming changes to national reporting regulations, which come into effect on July 1
The lack-lustre equity market has resulted in International Goldfields failing to sell off its only Australian asset and settling for a farm-in agreement.
Continuing weakness in commodity markets and a failure to pay staff adequate superannuation will combine to take a $5 million chunk out of Matrix Composites & Engineering's expected earnings fo
A UK-based business has swooped on Cool Clear Water Group, buying the Perth-based water purification and dispensing system distributor for $60 million.
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
Arafura Resources has formally cancelled an agreement to purchase an industrial site in Whyalla, South Australia as part of its cost-savings initiatives.
Interstate business travel into Western Australia has fallen 6 per cent during the past year, and much of the blame is being sheeted home to the drop in resources activity.
The parent company of Perth business Arccon has been placed into administration, just six days after veteran engineer Robert Wilde was elected as chairman.
The Australian dollar has fallen below the 92 US cent mark as a report showing weakness in Chinese manufacturing adds to worries about the US Federal Reserve scaling back economic stimulus measures
