Fraser Beattie

Perth-based contractor AusGroup has reported $3.9 million in first-half profit, rebounding from a $12.8 million loss it made a year ago.

Home owners enjoyed another good year in 2014, with home prices rising on average almost $11,000 across the eight capital cities, however Perth prices were largely flat.

Subiaco-based explorer RTG Mining has raised $15 million through the placement of about 22 million shares to fund exploration and development of its projects in the Philippines.

Amcom Telecommunications has teamed up with e-business association eGroup WA and technology hub Spacecubed to launch a tech accelerator program in Perth to help startups turn their ideas into products.

A man has died after a rock fall at BHP Billiton's Olympic Dam underground copper mine in South Australia, while another man has been killed after being struck by a train near Guildford Station.

Kalgoorlie-based Phoenix Gold has raised $5 million from a placement and plans to raise an additional $1 million in a share purchase plan.

Spookfish has made a solid debut on its first day of trading on the ASX after a backdoor listing, building on big gains over the past six months as investors were buoyed by the geospatial company's high-profile backers.

Shares in General Mining Corporation have skyrocketed by over 700 per cent on news it was granted the right to solely operate Galaxy Resources’ Mt Cattlin tantalum project near Ravensthorpe, in exchange for $7.5 million in lease fees and a 10 per cent production royalty.

Metals X has agreed to acquire a 25 per cent stake in Tanami Gold’s Central Tanami gold project in the Northern Territory for $11 million in cash and 4 million shares.

Perth-headquartered Bristow Helicopters Australia has acquired an 85 per cent interest in Darwin-based Airnorth for $30.3 million.

Engineering company Monadelphous Group has provided its joint venture partner AnaeCo with a $4.6 million loan facility to help fund the remaining cost of the company’s WMRC project in Shenton Park.

Murphy Pipe & Civil has strongly denied allegations that it breached 457 visa sponsorship regulations, after the Department of Immigration and Border Protection yesterday carried out an inspection at the company’s offices.

Engineering firm Calibre Group has flagged an $185 million to $190 million impairment as a result of a downturn in its business outlook and forecast trading conditions, as well as the cost of property leases.

Retail spending is still soft, as weak consumer confidence outweighs any boost from falling petrol prices.

Private house sales rose 13.4 per cent in Western Australia in the December quarter, the highest three-month achievement in more than a decade, new figures from the Housing Industry Association have revealed.

The Department of Immigration and Border Protection has raided the office of mining sub-contractor Murphy Pipe & Civil over allegations it has been assisting foreign employees fraudulently obtain work visas.

US fund management giant The Capital Group has taken a 5 per cent stake in the world's fourth biggest iron ore miner, Fortescue Metals Group.

Downer's share price has fallen after the company blamed a mining downturn for a 4 per cent slide in first-half profit.

Perth-based Macmahon Holdings has flagged a $125 million to $135 million impairment in first-half profit on the back of challenging market conditions in the mining services sector.

Perth technology company APE Mobile has made it into the shortlisted top 5 in the 2014-15 OzAPP Awards, which seek the most innovative tech startup companies from the Asia Pacific region.

New York-based resource investment company Sigur Minerals has taken a $1.9 million placement in Walkabout Resources, representing 19.9 per cent of the Perth-based junior exploration firm’s stock.

Perth-based safety equipment developer Mobilarm has completed a $2 million convertible note issue, as it cranks up a new strategy focused on rental rather than sale of its man-overboard safety beacons.

Development drilling has commenced at the Inpex-operated Ichthys gas-condensate field, marking another milestone in the US$34 billion project.

The Department of Mines and Petroleum has finalised new environmental assessment fees for mining proposals and program-of-work applications, to take effect from July 1.

Two of the big four banks have passed on the Reserve Bank of Australia’s interest rate cut after Treasurer Joe Hockey demanded they do so immediately.

Rail freight business Pacific National has awarded engineering firm Downer a $1 billion contract to provide maintenance services to 300 of the Asciano subsidiary’s train fleet.

West Perth-based Regal Resources has entered into a $6.3 million share placement agreement with a UK-based investor to fund a bankable feasibility study for its 30 per cent owned Kalongwe copper project in Africa.

Beach Energy shares soared today after the Kerry Stokes-chaired Seven Group Holdings confirrmed it had acquired nearly 14 per cent of its stock.

The Reserve Bank of Australia has cut the cash rate to a record low of 2.25 per cent in an effort to boost economic growth.

Social media company migme has cancelled plans to undertake a share placement, after being battered by volatile markets and selling by long-term shareholders who had acquired the stock when it was a mining business.

Construction contractor Georgiou, along with two Perth architecture firms, have been selected to work on the $57 million Aubin Grove train station ahead of a final construction tender later this year.

Phytotech Medical founder Ross Smith has vowed to take legal action against investor chat room HotCopper, following his resignation from the medical marijuana company today.