Norwegian aluminium company Norsk Hydro has abandoned its bauxite mining plans in the Mitchell Plateau region to the north Kimberley, giving back its mining leases to the state government.
A growing volume of WA contracts has prompted engineering and infrastructure company AJ Lucas to open a Perth office as it today secured a $95 million contract for works at the Gorgon gas project.
The Perth Wildcats can breathe a sigh of relief today, having signed property developer Diploma Group as a principal sponsor, ensuring the basketball team's financial security for at least the next three years.
Uncertainty continues to circle gas retailer Alinta as owner Babcock and Brown Power places a suspension order on its shares as it continues negotiations with the North West Shelf sellers while financiers seek a better understanding of the situation.
Toro Energy could potentially expand the uranium footprint at its Wiluna project in Western Australia after it acquired two nearby uranium tenements from Liberty Resources for $1 million.
Shares in Cooper Energy closed higher today after the company estimated that its Hammamet West oil field in Tunisia contained more than 200 million barrels of oil while development costs have been pegged at up to $US430 million.
Southern Cross Electrical Engineering's re-entry into the oil and gas sector has kicked off with a $35 million contract win at Woodside Petroleum's Pluto liquefied natural gas project.
Western Areas directors Terry Streeter and David Cooper will hang onto $60 million worth of shares that were awarded to unrelated company Western Areas Exploration, after winning a stay order in the WA Court of Appeal.
Leighton Holdings, in joint venture with Italian company Eni, has secured a $900 million contract to develop the liquefied natural gas jetty and marine structures for the Gorgon project.
West Perth-based Regis Resources plans to raise $50.5 million through a placement and underwritten rights issue for the development of its Duketon gold project in Western Australia.
Mermaid Marine Australia has scored more work at the Gorgon gas project, today securing a contract worth at least $32 million to provide stevedoring and related services for the operation's supply base.
The impact of the federal government's roll back of the first home owners boost has affected Western Australia the most, where mortgage volumes slumped 35.5 per cent in October, new figures show.
Indian company Jindal Steel and Power has indicated it is keen to acquire South Perth-based coal producer Rocklands Richfield by matching a $200 million offer by a Chinese entity.
Coote Industrial has revealed more of its complicated deal with Elphinstone Group, owned by Victorian Caterpillar dealer Dale Elphinstone, while two parties conduct due diligence on subsidiary South Spur Logistics.
Two director of West Perth-based Webspy have urged shareholders to vote against a $4.8 million acquisition of the Marketboomer group of companies, saying it is effectively a reverse takeover and did not add any value.
The state's median land price has surged 11 per cent in the September quarter, while house prices rose 2.2 per cent to a median of $460,000, new final figures from the Real Estate Institute of WA show.
Former Fortescue Metals Group chairman Gordon Toll will head transformed West Perth-based company C@ which has entered into a $100 million scrip agreement to acquire Core Mining and its subsidiaries.
The University of Western Australia has agreed to pay Sirtex Medical $3.25 million to cover costs relating to an intellectual property matter involving Dr Bruce Gray.
The Timor Sea oil leak disaster has prompted PTTEP Australasia to terminate a contract with Clough, which is not expected to impact on the latter's earnings.
The competition watchdog has given its final approval to the Gorgon gas project partners to jointly market gas sales to the Western Australian market, despite protests it will drive gas prices higher.
Uranium play Deep Yellow could potentially enter into an offtake agreement with the Rio Tinto-backed Rossing Uranium to supply iron from its INCA deposit to the Namibian uranium operation.
Galaxy Resources is set to start construction at its $68 million Mt Cattlin spodumene project near Ravensthorpe next week after it today secured mining approval from the state government.
PERTH companies Gascoyne Resources and Matrix Composites and Engineering are planning to make their way to the local bourse by year's end, adding to the growing list of Western Australian firms going public.
Employers in the state's construction industry will receive a further $2,000 from the state government for each apprentice they take on from next year after a 40 per cent drop in commencements was recorded this year.
Shares in Forge Group have surged as much as 21 per cent after it reported record revenue of $60 million for the first quarter and forecast a 135 per cent increase in its first-half net profit.
Shares in Troy Resources were higher today after the company brokered a peace deal with dissident former chairman John Jones, resulting in three directors, including chief executive Paul Benson, stepping down from the board.
