THE Australian share market had its largest one-day fall in six months, closing more than three per cent weaker and wiping $38.5 billion from its value, on troubling news from National Australia Bank
Property developers in Western Australia are likely to face higher costs for water connections to projects in regional areas if changes to developer contributions, put to the state government by the Economic Regulation Authority, are adopted.
This week's landmark decision on the preferred developer for the Oakajee port project has reminded Western Australians that Japan still plays a very big role in the state's economy.
The important role of leadership in boosting the arts was strongly voiced at the boardroom forum, with some participants calling for the premier to take on the portfolio.
Bannerman Resources Ltd non-executive director Alastair Clayton has increased his stake in the company through the exercise of 4.8 million options at a total cost of $1.9 million.
In a move that reflects its growing presence in the international mining industry, Perth-based CSA Australia Pty Ltd has changed its name to CSA Global Pty Ltd.
Shares in Subiaco-based Sam's Seafood Holdings Ltd will start trading on the local stock market later this week after a three year administration hiatus.
BHP Billiton Ltd is expected to restart rail and port activities at its Nelson Point operation shortly after a 52 year old employee was killed on site yesterday.
Developers of the Gorgon gas project are looking to invest more than $1 billion on carbon capture and storage designed to reduce the project's emissions by up to 40 per cent.
Murchison Metals Ltd's equal joint venture partner for the Oakajee port development and Jack Hills iron ore mine in Western Australia, Japan's Mitsubishi Corporation, says it could be interested in taking a controlling stake in the ventures.
Takeover target Ausdrill Ltd has forecast earnings growth in the 2009 financial year of at least 20 per cent after posting a 31 per cent increase in net profit after tax for fiscal 2008.
Western Australia has recorded a 6.5 per cent drop in building approvals for the month of June as approvals across the country slump to their weakest reading in over two years.
West Perth-based Mirabela Nickel Ltd will spend a further $68 million on its Santa Rita nickel project in Brazil to increase the production rate by 40 per cent.
Less than a week before shareholders are due to meet, West Australian Metals Ltd has sought legal advice to clear up claims that dissident shareholder Vladimir Nikolaenko could control more than 40 per cent of the company.
Planning and Infrastructure Minister Alannah MacTiernan has cautioned that the development of the $2 billion Oakajee port and associated rail infrastructure is some time away, after today selecting Oakajee Port and Rail Pty Ltd as the preferred bidder.
BHP Billiton Ltd has appeared in the High Court today over rail access issues in the Pilbara while rail and port activities at its Nelson Point operation were suspended after a man was killed this morning.
Embattled Structural Monitoring Systems plc said it is in ongoing talks with two global companies over a potential deal for its patented aircraft fuselage technology, two weeks after sacking staff and executives.
The Murchison Metals Ltd and Mitsubishi Corporation backed Oakajee Port and Rail Pty Ltd has been selected as the preferred developer of the $2 billion Oakajee Port in the state's Mid West region.
Macquarie Bank Ltd has emerged as the biggest shareholder in Perth-based African gold explorer Azumah Resources Ltd after subscribing to shares worth nearly $2 million.
Higher fuel prices and deteriorating economic conditions have forced Skywest Airlines to suspend its Kalgoorlie to Melbourne service, nearly one year after flights began.
Perth-based small-medium enterprise investor Greencap Ltd is set to bolster its reach in South Australia and the Northern Territory after agreeing to acquire Adelaide consultancy AEC Environmental Pty Ltd for $3.8 million.
West Australia Metals Ltd is seeking legal advice over a letter mailed out to shareholders from requisitioning parties over the removal of a company director.
While much of the state focus has been on the Varanus Island gas crisis, operator Apache Energy is forging ahead with its Devil Creek gas development project which is open for environmental submissions from the public.
The state government has approved a plan to extend the life of Iluka Resources Ltd's mineral sands processing facility near Geraldton by more than 10 years.
A Western Australian Supreme Court judge has reserved his decision in the battle between Western Areas NL chairman Terry Streeter and a group of businessmen behind unrelated company Western Areas Exploration.
