Fraser Beattie

Oil and gas firm Coretrack has signed a licence agreement with Specialised Oilfield Services for its core level recorder system technology, which will give SOS exclusive rights to develop, operate, manufacture and sub-license the technology.

Matrix Composites & Engineering has made a net profit of $3 million in the FY14 financial year, back in the black after a $2.9 million loss last year.

Poseidon Nickel has said the purchase of the Black Swan mine from Norilsk Nickel would save the company $240 million in start up-costs.

The Liberal-National government has approved development of a new resources safety bill to further modernise resources industry regulation.

Perth-based mining services firm Ausdrill announced today that its subsidiary Energy Drilling Australia would be mobilising its new $20 million high-tech rig, the Schramm T500XD Telemast.

Power generator Pacific Energy has reported a 1 per cent fall in profit over the last financial year despite record earnings from its Kalgoorlie Power Systems and hydro-electric businesses.

Perth-based Southern Cross Electrical Engineering has been awarded an electrical and instrumentation contract at CITIC Pacific Mining’s Sino Iron project at Cape Preston, worth over $10 million.

Grain handler and marketer CBH Group has closed its Western Australian network after a male contractor died while carrying out maintenance work at Northampton.

Perth-based explorer NSL Consolidated has announced it has received $2.5 million from financer Effectivo, which will in turn receive 25 million of the company's shares.

Subiaco-based gold and metal base explorer Ironbark Zinc has announced a $2.5 million capital raising for permitting and pre-development works at its Citronen zinc project in Greenland.

Shares in junior oil and gas explorer Neon Energy have surged over 70 per cent on the news that the company had agreed to pay $US5.75 million to its Vietnamese joint venture partners, settling financial liabilities.

The Australian Bureau of Statistics has said capital city house prices continue to rise, boosted by a strong Sydney housing market.

A coalition of state and national environmental groups have raised concerns about water contamination and other impacts on Western Australia’s largest national park.

PLD Corporation has raised over $1 million after a share placement and entitlements issue closed heavily oversubscribed.

Fortescue Metals Group has awarded Perth-based Intellect Systems, a subsidiary of Resource Development Group, a control and engineering services contract for the first stage of its North Star magnetite project in the Pilbara.

Westoz Investment Company stated that it almost tripled its reported profit in the 2014 financial year, with an increase in after tax profit from $7.4 million last year to $21.2 million.

The National Tertiary Education Union has argued that the impact of the federal budget cuts would leave Western Australia's universities almost $500 million worse off.

Perth gold miner Minera Gold has received $US4.5 million from investment company SilverStream to help fund the acquisition and proposed expansion of the San Santiago processing plant.

Potash West has announced it will farm into a historic potash producing region of Germany under a joint venture agreement, with a right to earn 55 per cent if it funds early exploration activities in the South Harz potash district.

Austbrokers Holdings has expanded into the Western Australian broking sector with the purchase of a 50 per cent interest in Bunbury-based insurance broker NEXUS Risk Services.

Education provider Navitas has confirmed it is in advanced negotiations with US-based and other global learning institutions, saying it would reveal details of a partnership as early as this week.

Perth-based engineering groups Kerman Contracting and Monadelphous Group have announced contract wins collectively worth more than $300 million at CITIC Pacific Mining's Sino Iron development near Cape Preston.

The state government has completed a $6.7 million upgrade to the water supply scheme for Halls Creek to support the future growth of the town.

The mining sector has reached a new five-year low, with confidence levels likely to take years to recover, according to industry leaders surveyed in the latest Mining Business Outlook report.

Stonehenge Metals has signed a deal with Korea Resources Investments and Development to provide the framework for a joint venture between the two companies.

ACA Lawyers has obtained funding to mount a class action against mining services firm WorleyParsons, claiming that it lacked transparency around the company's performance last year.

Perth-based Liquefied Natural Gas has agreed to buy out Anadarko Petroleum Corporation’s Bear Head LNG project for $US11 million.

Mermaid Marine Australia managing director Jeff Weber has defended the company’s stance on negotiations with the Maritime Union of Australia, after employees at its Dampier Supply Base said on Friday they would strike for 10 days.

Kalgoorlie-based MacPhersons Resources has announced a new share placement to raise up $10.4 million to fund a bankable feasibility study on its Nimbus silver project.

West Kimberley pastoralists have been promised $15.5 million in state funding to help the region become a major beef supplier to China and south-east Asia.

Great Western Exploration has announced the appointment of Terry Grammer to its board as a non-executive director.

The final piece of the Beaufort Street bus priority plan has been put in place with the opening of a $1 million peak-period bus-only lane between Walcott and Bulwer streets.