Latest Headlines

Property group Stockland has sold its 25 per cent stake in the Karrinyup shopping centre for $152.5 million, more than doubling the value of its original investment.

VDM Group Ltd subsidiary Como Engineers Pty Ltd has received a $16 million order to supply a Semi Autogenous Grinding mill to Universal Resources Ltd.

The Real Estate Institute of Western Australia has again called on the state government to reign in the state's runaway stamp duty, after new estimates reveal stamp duty on residential homes has blown out by 31 per cent this financial year.

The market capitalisation of Western Australian listed companies included in the Deloitte WA Index ended 2007 at a record $179.3 billion, gaining 7.9 per cent in the month of December.

Banks give Swan an interest rate slap; Bad year tipped for super; Race is on to power desalination plant; Alinta shareholders are better off: Indermauer; Investors wary after second stockmarket correction

The Subiaco Redevelopment Authority has appointed Jones Lang LaSalle as the new sales agent for the Subi Centro urban renewal project, after a competitive public tender process.

Victoria Park-based property group Tasica Developments Ltd has launched a prospectus to raise up to $5.5 million to help fund the development of a 75-lot residential subdivision in Baldivis.

Subiaco-based mineral explorer Gondwana Resources Ltd has successfully placed a shortfall of shares and options to raise a total of $1.9 million from its December entitlement offer.

Perth-based gold miner View Resources Ltd has announced it will sell its 30 per cent stake in the Carnilya Hill Nickel Project to joint venture partner Mincor Resources NL in a package totalling $25 million.

US fears hit global shares; Banks lift deposit rates to combat credit crunch; $35bn lost as shares tumble; Peet pays $300m for Alkimos land; Rio Tinto to start its own iron ore fleet.

Western Australian nickel hopeful Nickelore Ltd has revised the terms of its rights issue, offering shareholders one new share for every existing share held at an issue price of 25 cents, down from its previous offer in December of 30 cents per share.

Two new community radio stations are set to hit Perth airwaves in the next 12 months, following an Australian Communications and Media Authority decision to allocate two new licences to serve the city's Indigenous and seniors communities.

Perth-based gold miner View Resources Ltd and Queensland's Norton Gold Fields Ltd have posted strong production increases from their Western Australian operations.

Non-farm small businesses in drought affected areas of Western Australia can apply for the state government's Dry Season Assistance grants today.

Property group Peet Ltd has announced the successful launch of its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.

Perth-based engineering services company, Neptune Marine Services Ltd, has secured its largest integrated subsea services project with global exploration and production company, Apache Energy.

Perth-based Allied Gold Ltd has appointed mining engineer Richard Johnson as its new chief executive, while announcing the resignation of Grant Brock as company director and chief operating officer.

Perth-based Mission Biofuels Ltd has signed another exclusive feedstock deal with a government controlled entity in India, through its Indian subsidiary, Mission Biofuels (India) Pvt Ltd.

Small brewers toast bumper Christmas; Woodside faces compo claims over gas debacle; Market faces $30bn sell-off on US falls; Rudd to axe Lib pledges; Car trouble: auto makers says it's all uphill.

West Perth-based uranium explorer Uran Ltd has lodged an appeal against a decision by authorities in the Czech Republic to decline its licence application to explore the significant Brzkov deposit.

Windimurra Vanadium Ltd is set to launch a $54.8 million rights issue to fund planned development at its namesake project in Western Australia's Mid-West region.

Alkane Resources Ltd non-executive director Ian Gandel has invested $10.6 million buying extra shares in the company, after he was required to take up a big shortfall in its $12.8 million rights issue.

Oil and gas producer Chevron is planning to seek environmental approval for an additional gas production train on Barrow Island, after deciding to expand the capacity of its proposed Gorgon liquefied natural gas (LNG) project by 50 per cent.

Como-based GME Resources Ltd has appointed mining engineer David Varcoe as managing director, replacing Jamie Sullivan.

Engineering and construction company Clough Ltd has reached agreement with Uhde to sell its equity stake in engineering firm Shedden Uhde for $40m.

Ukrainian-based mining investment company Palmary Enterprises Ltd is a step closer to gaining control of Consolidated Minerals Ltd, breaching the 90 per cent takeover threshold today.

Engineering company WorleyParsons Ltd has been awarded a five-year maintenance contact at BP's Kwinana oil refinery, expected to generate revenue of $70 million.

Northbridge-based Impact Minerals Ltd is free to resume exploration of its Yarrabubba project, near Meekatharra, after plaints lodged against six tenements at the site in 2006 were dismissed by the Warden's Court.

Former Western Australian opposition leader Matt Birney announced today that he would be retiring from politics at the next state election, due in early 2009, to pursue opportunities in the private sector.

Western Australia's Chamber of Commerce and Industry has taken a swipe at the state government over its dependence on gas from the North West shelf, as the government-owned Western Power moved to allay fears of rolling blackouts this afternoon.

Polaris Metals NL has revealed a new look management team with chief operating officer Jonathan Lea replacing Kevin Schultz as managing director, as the iron ore hopeful switches its focus from exploration to production.

Polaris Metals NL spin-off Southern Cross Goldfields Ltd is looking to raise up to $10 million to progress its gold and nickel exploration aims, ahead of listing on the Australian Securities Exchange.