Wesfarmers Ltd shares remained in trading halt today after it confirmed it was considering an equity raising - expected to be a rights issue - to refinance $4 billion in bridging finance used to fund its $20 billion takeover of the Coles last year.
Shares in West Perth-based resources company Straits Resources Ltd have jumped more than six per cent after the company unveiled a plan to restructure the business and demerge from its coal-focused Asian subsidiary.
A proposal to install a giant observation wheel on the Swan River foreshore has received enthusiastic support from two committees of the City of Perth.
West Perth-based mining company Centaurus Resources Ltd has secured a significant tenement package in the Iron Quadrangle in Brazil through the 100% acquisition of three new projects (comprising seven tenements) surrounding its Liberdade operation.
Miner Aquarius Platinum is to spend $790 million buying back all the shares held in it by Impala Platinum (Implats) and all the shares that company holds in its subsidiary, Aquarius Platinum (South Africa).
The demand for fixed rate loans among Western Australian borrowers slumped to 28% in March, significantly down from the record figure of 35% only a month agothe latest Mortgage Choice housing loan approval data revealed.
Subiaco-based iron ore company, Brockman Resources Ltd has completed a positive scoping study which indicates its Marillana iron ore project, located north of Newman, has a potential A$1 billion net present value for a 10Mtpa project development.
Iluka Resources Ltd has completed the retail component of its 4 for 7 pro-rata accelerated renounceable entitlement offer to shareholders, with the retail offer raising approximately A$95 million.
Further to filing a final prospectus on 3 April, Marengo Mining Ltd has today announced the completion of its C$9.8 million offering and has commenced trading on the Toronto Stock Exchange.
Abra Mining Ltd has entered an agreement with China's Hunan Nonferrous Metals Corporation to subscribe for $3.4 million in Abra shares, after an earlier agreement was unable to be completed.
West Perth-based Adamus Resources Ltd has raised $5 million through a private placement for its Southern Ashanti gold project in Ghana, and appointed Mintrex as engineering project manager.
For the second year running Western Australia has been the nation's highest taxing state, data released today by the Australian Bureau of Statistics (ABS) has shown.
Perth-based gold, nickel and uranium explorer, Impact Minerals has been granted exploration licences covering about 20,000 sq km in eastern Botswana, specifically for the exploration of uranium.
The proposed merger between mining company CopperCo Ltd and investment house Mineral Securities Ltd (MinSec) has moved closer with the release of an independent experts report and a shareholders general meeting scheduled for May.
South Perth-based ophthalmology company Advanced Ocular Systems Ltd has suffered a setback in its restructuring plans with the termination of a proposed $20 million sale and purchase agreement with Swift Venture Holdings Corporation.
The Environmental Protection Authority of Western Australia has recommended ministerial approval for Moly Mines's Spinifex Ridge project in the Pilbara.
Debt collection business Repcol (WA) Pty Ltd has secured its first major contract, under the state government's common use arrangement for debt collection services, with the Department of Housing and Works.
Perth-based wealth management business Plan B Group Holdings Ltd expects its result for FY2008 will be 10% to 15% below the directors' forecast, assuming a continuation of present market conditions for the remainder of this financial year.
West Perth-based development and exploration company Vulcan Resources Ltd has today announced that it is proceeding with the Kylylahti Mine in Finland.
West Perth-based Kagara Ltd has issued a response to media reports to advise shareholders that the Lounge Lizard nickel sulphide deposit at Forrestania is not for sale.
Planning and Infrastructure Minister Alannah MacTiernan has today announced the opening of the Mt Barker Northern Bypass, which allows motorists using Muirs Highway to access Albany Highway without travelling through the town centre.
South Perth-based property developer Finbar Group Ltd has received approval for its 15-storey office tower on the former Fairlanes Bowling site at 175 Adelaide Terrace.
Cedar Woods Properties has won a competitive tender conducted by the Department of Housing and Works for the joint venture development of the Harrisdale Village project.
Premier Alan Carpenter today opened the Broome Power Station, marking the completion of the $700 million West Kimberley power project, one of the biggest infrastructure investments ever made in the state's far north.
Nedlands-based software provider ISS Group Ltd has announced its biggest every contract, valued at around $4 million with Malaysian oil and gas group Petronas.
Perth-based wellness and health care company ATOS Wellness Ltd has formed a joint venture with SOL Wellness Pty Ltd (a subsidiary of Sol Health Pty Ltd) to establish up to 12 new wellness centres throughout Australia.
Western Australia is leading the national slump in housing finance with new figures showing an 11.6 per cent fall in the month of February, according to the Bureau of Statistics.
Applecross-based oil and gas exploration company Incremental Petroleum has entered into an agreement with a US private entity to acquire interests in five projects, totaling more than 19,000 acres in the San Joaquin Basin in central California, USA.
The Australian Securities and Investments Commission has obtained injunctions against Perth property developers Kenneth and Morag Fraser and associated companies to stop the promotion of nine land sub-division schemes.
