Edited announcement

The market capitalisation of listed Western Australian companies leapt 10.4 per cent in May, largely driven by the resources sector, according to the Deloitte WA Index, released yesterday.

West Perth-based Eneabba Gas Ltd has announced plans to raise $1.5 million through a placement, allowing the company to conclude agreements with energy offtakers and commence drilling at its Yarra Yarra uranium, potassium & thorium exploration tenement.

West Perth-based Anvil Mining Ltd has completed a bought deal financing arrangement worth around $225 million, with proceeds being used for the development of the company's Congolese mining projects.

West Perth-based dry welding company Neptune Marine Services Ltd has finalised the acquisition of Texas-based diving contractor US Underwater Services for $17.4 million and a share issue worth around $4.4 million.

Racing and Gaming Minister Ljiljanna Ravlich pushed legislation through Parliament to repeal the Kalgoorlie and Boulder Racing Clubs Act today, removing what she termed a series of archaic regulations on today's club and its operations.

Perth-based specialist software developer CCK Financial Solutions Ltd will provide its treasury management system, Guava Suite, to South Australian government agency HomeStart Finance, the company announced today.

Shares in Perth-based RMA Energy Ltd, previously Ansett Energy Ltd, closed at 85 cents in its ASX debut, up 240 per cent from its issue price of 25 cents.

Unlisted property fund Multiplex Development and Opportunity Fund has bought a 95 hectare land parcel at Henley Brook for $63.8 million, to be developed as a residential and commercial precinct, near its Vale project.

Perth-based coal miner GVM Metals Ltd has won shareholder approval to complete the 100 per cent acquisition of its Baobab joint venture and Holfontein project, the company announced today.

The takeover bid from Perth-based property developer Axiom Properties Ltd for Queensland's Eumundi Group Ltd has officially lapsed, after the company held only 16.9 per cent of the developer when the bid closed on Monday.

Welshpool-based Compressed Air and Power Solutions Australia has won contracts worth $2 million for the supply of airblowers and compressors to Newmont and AngloGold Ashant's Boddington Gold Mine joint venture project.

Perth-based gas developer Po Valley Energy Ltd will bid for up to five new gas storage licences in Italy with UK onshore oil producer Star Energy Group plc, the company announced today.

Acting Auditor-General Colin Murphy has been appointed to the role for a 10-year term, State Treasurer Eric Ripper announced today.

West Perth-based exploration company Platinum Australia Ltd has appointed RBC Capital Markets as its broker, with Nabarro Wells remaining its nominated advisor.

The state government has foreshadowed the provision of a $15,000 grant and 20 per cent reduction in the lease rate for up to 10 taxis in a trial of "green taxis" for Perth.

Western Australian small and medium enterprises are confident in themselves, but not in the State Government, according to the quarterly Sensis Business Index, released today.

China's stake in mid-west iron ore development has increased with iron ore miner Midwest Corporation teaming with China-backed Yilgarn Infrastructure to progress the Oakajee Port and Rail project.

West Perth-based Tanami Gold NL aims to raise up to $20 million through a placement, with funds to be used on development of its Coyote Gold project, the company announced today.

Canadian uranium giant Mega Uranium Ltd will take a 5 per cent stake in West Perth-based uranium explorer Scimitar Resources Ltd, after the company raised $5.1 million through a placement with a number of investors.

Subiaco-based Golden State Resources Ltd and Utah-based White Canyon Exploration LLC will combine their uranium and vanadium assets in a joint venture to list on the ASX later this year.

Perth-based property developer Aspen Group Ltd will aim to develop golf courses within its residential estates through an arrangement with a company owned by professional golfer Adam Scott.

South Perth-based Australian Renewable Fuels Ltd will supply up to five million litres of biodiesel per year to Caltex Australia Petroleum Pty Ltd, after reaching a new agreement with the company.

Leederville-based iron ore firm Cape Lambert Iron Ore Ltd will spin-off subsidiary Global Iron Ltd to allow it to focus on its namesake project, the company announced today.

Western Australian salaries continue to increase at a quicker pace than other states, with Queensland not too far behind, according to the 2007 Hays Salary Survey, released today.

Western Australian-based composites technology developer Quickstep Holdings Ltd has commenced manufacturing trials with US companies GE Aviation and Sikorsky Aircraft Corporation to evaluate the company's process for aerospace component fabrication.

West Perth-based nickel explorer Mirabela Nickel Ltd has raised around $20.7 million through a placement to Companhia Vale do Rio Doce-Inco Ltd.

Perth-based IT services provider ASG Group Ltd has been awarded a five-year contract with the Victorian Department of Education worth $49 million, the company announced today.

West Perth-based metals explorer Apex Minerals NL will raise $32.2 million through a placement to fund its recent project acquisitions, the company announced today.

Martin Bruce Jones, Andrew John Saker and Darren Gordon Weaver of Ferrier Hodgson have been appointed as receivers and managers to Rockingham-based Chemeq Ltd, which went into administration on Wednesday.

A proposal to combat insider trading by reducing the disclosure timeframe for directors from 14 to two days is unnecessary regulation of an area already well protected by the continuous disclosure rules, according to Chartered Secretaries Australia.

The directions hearing for the Office of Workplace Services case against Perth-based National Jet Systems will be held on July 3 in Perth, the office confirmed today.

Perth-based uranium explorer Echelon Resources Ltd will raise $18 million through a placement to fund further exploration on its Queensland and Western Australian tenements.