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Seasons Greetings
WA Business News will be closing today, Thursday 23th December 2010, and will open again on Tuesday 4th January 2011. ...
John Holland, Pindan win govt. contracts
Construction companies John Holland and Pindan have won major contracts to build new hospital facilities at Albany and Kalgoorlie respectively. ...
Ruling will encourage strikes: AMMA
A peak industry group has expressed dismay at a Fair Work Australia ruling handed down today, which it says will encourage a 'strike first, commence bargaining later' approach. ...
UWA makes three senior appointments
The University of WA has this month announced new heads for its Law School, its newly established Centre for Social Impact within the Business School and its Urban Design Centre. ...
Pacific Energy signs Norilsk deal
Perth company Pacific Energy has signed a three-year electricity supply contract with miner Norilsk Nickel, to support the resumption of production at Norilsk's Lake Johnson mine. ...
Orbital books $4.3m profit on sale
Engine technology developer Orbital Corporation will book a $4.3 million profit on the sale of its Balcatta property to a syndicate of investors. ...
Poseidon in $20m conv. notes deal
Poseidon Nickel has raised $20 million through an issue of convertible notes to Phil Falcone's New York-based investment group Harbinger Capital, which has backed several emerging WA mining companies. ...
Geraldton lead exports blocked
The state government has suspended lead exports through Geraldton Port as a precautionary measure after monitoring showed one incident of lead levels in excess of the port's environmental licence limit. ...
New native title deals in Kimberley
Premier Colin Barnett announced today that an additional 54,000 square kilometres of land in the Kimberley will be added to the native title estate in Western Australia. ...
State plans retrospective tax move
The state government plans to introduce retrospective legislation to reverse the effect of a High Court ruling that could have saved taxpayers tens of millions of dollars in stamp duty. ...
Rio bids $3.9bn for Riversdale
Mining giant Rio Tinto has secured the backing of a majority of Riversdale Mining's directors for a takeover offer that values the Africa-focused coal miner at $3.9 billion. ...
Rialto invests more in African oil
Rialto Energy has announced plans to increase its interest in an oil & gas prospect off the coast of west Africa, following completion of a $55 million capital raising. ...
Indo raises $5.4m, plans more
West Perth-based Indo Mines has raised $5.4 million through a placement to private Chinese company Rockcheck Steel Beijing Co Ltd, to help fund development of its iron project in Indonesia. ...
Kagara recruits Day as MD
Mining copany Kagara has announced a management succession, with chairman Kim Robinson moving to a non-executive role and Newcrest Mining executive Geoff Day recruited as the new managing director. ...
Neptune Marine forced to recapitalise
Struggling engineering group Neptune Marine Services has announced a deeply-discounted $80.6 million capital raising to reduce its debts, after its major bank agreed to a major restructuring of its loan facilities. ...
