Drilling specialist Coretrack says it will raise $10 million to boost working capital as it executes plans to acquire private Kalgoorlie outfit Globe Drill.
Shares in West Perth-based Otto Energy have surged higher today after it signed a farm-in option deal with BHP Billiton over an oil project in the Philippines, some 10 months after the initial agreement lapsed.
Christmas Island miner Phosphate Resources says it will not support a proposed merger with shareholder CI Resources, which also wants to incrementally lift its stake in the unlisted public company.
The state government says it has yet to decide how to fund the new $360 million Midland Health Campus amid claims a private public partnership will cost jobs and jeopardise patient care.
The building watchdog has launched a new proceeding against union heavyweight Joe McDonald for his involvement in unlawful industrial action at the City Square project last year.
AFTER a very quiet start to the year, the state’s primary capital market gathered pace towards the end of 2009 amid signs of growing investor confidence, especially for new resource projects.
THE number of capital raisings undertaken in calendar 2009 was unexpected in light of the global turmoil of the previous year, however questions loom over the sustainability for 2010.
BHP Billiton has boosted NRW Holdings contract value for work at the Rapid Growth Project 5 by $105 million, taking the total amount to close to $200 million for the mining services company.
Cape Lambert Resources is going ahead with exploration plans at the Lady Annie copper project, which it plans to spin off into a separate company in a $165 million float.
A difference of opinion over the direction of Norton Gold Fields has resulted in managing director Jon Parker leaving the company, while chief financial officer Simon Brodie has also resigned.
The owners of the Dampier to Bunbury Pipeline have appointed former Shell senior manager Stuart Johnston as chief executive while current executive chairman Stuart Hohnen will move to a non-executive role.
PTTEP Australasia says the operation to plug and secure the Montara well head platform has been completed, some four months after oil started leaking into the Timor Sea.
Cape Lambert Resources has pocketed nearly $28 million from the sale of non-core shareholdings that it acquired through its purchase of collapsed company CopperCo last year.
CHAIRMAN Frank Tomasi has taken advantage of a run-up in Southern Cross Electrical Engineering’s share price on the back of a lucrative oil and gas contract and acquisitions.
The release today of the year's final radio ratings survey has cemented Mix 94.5 as Perth's leading station, having held the top spot for the past decade.
WA gold miner Norton Gold Fields' legal dispute with Lehman Brother over its gold hedge book has been delayed after administrators of the collapsed investment bank requested an adjournment.
Chevron has made a deepwater gas discovery in the Carnarvon Basin offshore Western Australia, which could support the company's long-term growth plans for the Gorgon project.
Port Bouvard joint chief executive Matthew Perrott has resigned less than a year after his appointment, as the property developer continues to hold talks with St George over its debt funding.
Kairiki Energy and Nido Petroleum have given the green light for the development of their $US20 million ($A22 million) Tindalo oil project in the Philippines.
Talison Lithium's $196 million initial public offer has been withdrawn, days before it was due to list on the local stock exchange, making it the second major resources float in less than a week to suffer an eleventh hour setback.
Commerce Minister Troy Buswell says WA will adopt the bulk of the proposed laws for a national occupational health and safety regime but will retain its own settings in some areas.
US-focused company White Canyon Uranium has entered an agreement to guarantee its outstanding listed options, valued at nearly $23 million and set to expire next month.
The $203 million offering of the largest resources float for this year, Q Copper, has been delayed after a UK investor, introduced by Cape Lambert Resources, had to pull out.
The state and federal governments have committed more than $17 million to secure the largest sailing event in WA in more than 20 years, the ISAF Sailing World Championships.
