Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.
The federal government has announced details of a new financial literacy program designed to help young people make decisions about insurance and superannuation in their future.
iiNet managing director Michael Malone has warned a Senate Committee that the federal government's national broadband network is doomed to be a huge monumental failure and a waste of $5 billion of taxpayers money.
Global miner Xstrata has boosted its interest in West Perth-based Pioneer Nickel and has agreed to provide over $1 million to the company to explore the Acra project in Western Australia.
Bentley-based waste recycling company AnaeCo has teamed up with a private firm to explore the feasibility of expanding its DiCOM waste processing facility to the eastern states.
Engineering firm Monadelphous Group has secured a $76 million contract from Ports Corporation of Queensland for expansion works at the Abbot Point coal terminal.
Perth-based Indo Mines has received government approval to develop its $870 million Jogjakarta liquid iron project in Indonesia, the first such approval granted to a foreign company in over 10 years.
Downer EDI has secured a $35 million engineering contract with BHP Billiton for expansion works at its Pilbara iron ore operations, while Paladio Group has won its third Woodside contract in two months.
Perth property developer Kevin Pollock has been given a suspended three year sentence in the Supreme Court of Perth after being found guilty of fraud charges totalling over $3 million.
Subiaco-based PharmAust Ltd, through its wholly owned subsidiary Epichem Pty Ltd, has entered into a joint venture agreement with Curtin University to develop oral insulin for the treatment of diabetes.
Herdsman-based Olympia Resources Ltd is undertaking a strategic review of its projects in light of the current financial crisis while chairman Mal Randall steps down.
The effect of banks tightening the purse strings on small to medium enterprises could seriously hamper the Australian economy in the long term, East & Partners' latest SME Banking Markets Report reveals.
Perth-based Mission NewEnergy Ltd has produced first bio-ethanol from non food agricultural waste material, which sets up the company to produce the fuel from a range of low-cost and readily available feedstock.
Clough Ltd has signed a $56 million agreement with Superior Energy Services Inc to charter the newly built Rem Clough and provide associated subsea services.
The legal battle between Oil Basins Ltd and ARC Energy Ltd has been resolved, with the Canning Basin joint venture partners agreeing to a new arrangement.
Advanced Engine Components Ltd has entered into a potential 10-year purchase deal with India's Tata Motors Ltd that is estimated to generate over $30 million in revenue over three years for the Malaga-based company.
Clough Ltd's Indonesian subsidiary, PT Petrosea Tbk, has extended its long-term contract with a coal firm by a further 60 months, valuing the new deal at $440 million.
Perth-headquartered RCR Tomlinson Ltd was secured a mechanical works and warehouse services contract for Woodside's Pluto liquefied natural gas project, valued at over $60 million.
Treasurer Troy Buswell has approved a continuation of the costly Office of Shared Services project but has placed it on notice that remaining implementation and budget targets must be strictly adhered to.
The state opposition has questioned Premier Colin Barnett's economic credibility after he requested federal government money for the Oakajee port project, which already has private sector funding.
Shares in Perth-based Hydrotech International Ltd have jumped 40 per cent on the stock landing its first commercial contract in the United Kingdom outside of the rail industry.
