Fraser Beattie

Japanese miner Sumitomo Metal Mining Oceania has met its funding commitment conditions to acquire a further 20 per cent stake in Gold Road Resources’ South Yamarna joint venture project.

The state government has awarded building and construction contracts to a number of local businesses, including Perkins Builders, with the combined value of the contracts worth about $37.3 million.

Residents at Alkimos Beach and White Gum Valley are set to participate in trials of solar energy technology and battery storage that could lead to large reductions in power bills.

Energy giant Woodside Petroleum has signed an agreement for the supply of liquefied natural gas to an Indonesian corporation for an undisclosed sum.

The state’s building commissioner says contractors and suppliers need to be paid within 50 days, as controversy over the extension of Rio Tinto’s payment terms continues.

Fortescue Metals Group says it is running ahead of its production target and may be able to increase its full-year guidance, but has cautioned it may not hit its cash cost target.

West Perth-based tech company TikForce has closed marginally lower on its first day of trading, following completion of a $4.5 million capital raising as part of a reverse takeover by Palace Resources.

Local financial services provider Pioneer Credit has raised nearly $6 million from investors as it seeks to further grow its business.

The federal government's decision to inject an extra $260 million into the Perth Freight Link for construction of a road tunnel has drawn heated criticism, with the City of Fremantle saying an additional $1.4 billion was still required to address a core shortfall of the latest proposal.

Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company’s bonds.

Corporate law firm Gilbert + Tobin has recruited former Rio Tinto Australia managing director Philip Edmands as a new Perth-based partner.

Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target’s half-year earnings and up to 10 people were involved in the collusion.

The head of North Queensland Airport Group will soon be flown in to succeed Brad Geatches as chief executive of Perth Airport.

Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.

Prominent local business figure Gene Tilbrook has been appointed deputy chairman of the Australian Institute of Company Directors.

The board of local seafoods business Mareterram intends to accept a $19.7 million proportional takeover offer from the company’s largest shareholder.

Malaga-based window blinds manufacturer Kresta Holdings has scaled back its executive team with three roles being made redundant, while its chairman has taken a big pay cut.

The state government has launched a new co-working space designed to give technology-based businesses, startups and educational institutions access to its extensive property data

Perth’s median house price remained stable at $535,000 for the three months to March, according to the Real Estate Institute of Western Australia, while reported sales activity in the metro region jumped 15 per cent.

Consumers should expect to pay less for their electricity in the long term as a result of sweeping changes to Western Australia's energy market that aim to slash the cost of supply, Energy Minister Mike Nahan says.

Local contractor SRG has picked up another contract for work on a dam in Queensland which is owned and operated by SunWater.

Pilbara Minerals has announced the biggest capital raising by a Western Australian company for 2016, which it will use to fund development of its Pilgangoora lithium project, while also announcing it will put its new Tabba Tabba plant on ice.

Local contractor Decmil Group has won a $14 million contract for work on the state government’s New Norcia bypass along the Great Northern Highway.

The auditor general says the state government has made a good start on its $400 million land asset sales program but improvements could be made, following criticism earlier this week that some properties are being sold at a loss.

Perth-based Victory Mines has announced plans to exit resources through the acquisition of an Israeli-incorporated technology company for about $2.7 million.

Perth-based engineering services company Clough has strengthened its relationship with Woodside Petroleum, winning two contracts for work on the energy giant’s onshore and offshore assets.

Property developer Diploma Group expects to reap $42 million from the sale of its Quest apartment hotel on Adelaide Terrace, after finalising a deal that was announced in February.

MACA is seeking an entry into the east coast civil works market by acquiring a large stake in a privately owned road asset management and maintenance services provider.

An independent expert’s report into Atlas Iron’s debt restructure plan has found lenders would get a much lower dividend if the scheme isn’t approved by creditors later this month.

The competition watchdog has announced plans to investigate the cattle and beef industry following concerns that beef processors hold excessive power following industry consolidation around Australia.

The state government has revealed the new leadership structure of the five Tafe colleges that will be administering 70 campuses as part of a reform project.

New car sales continue to drag in Western Australia, with the latest figures revealing a 7.8 per cent slide in March.