PTTEP Australasia will today attempt to kill a raging fire at its leaking West Atlas oil rig off the north west coast of Australia, by pumping heavy mud into the well.
VDM Group says it has reached an agreement to extend its banking facilities by one year after it flagged a $35 million capital raising more than a week ago to reduce its debt.
Euroz Securities has been fined $40,000 by the ASX Disciplinary Tribunal after an advisor was found making prohibited discretionary trades on behalf of two clients.
Former state government bureaucrat Gary Stokes has been appointed the managing director of aspiring iron ore miner Padbury Mining, replacing Franco Mestichelli who lasted just three months in the role.
Paladin Energy has lowered its production guidance for 2009/10 as the ramp up of its two uranium mines in Namibia and Malawi was slower than anticipated but has outlined expanded growth targets for future production.
Centamin Egypt will delist from the Australian Securities Exchange due to the high costs for a shareholder base that accounts for less than 15 per cent of the miner's share capital.
Troy Resources is forging ahead with capital raising plans, today placing its shares in a trading halt despite protests from former chairman John Jones.
Japan's Inpex Corporation says production will cease this month at its Griffin oil joint venture off the coast of Western Australia, 15 years after operations first started.
Collapsed biofuels company Natural Fuel is set to be sold to private WA business NRG Capital for $575,000 after creditors agreed to execute the deed of company arrangement.
Subiaco-based oil and gas explorer Promesa has opened its initial public offer in which it hopes to raise up to $3 million that will predominately be used to fund its interests in two projects in the United States.
Galaxy Resources has extended its relationship with unlisted public company General Mining Corporation, with the pair forming an alliance to explore for lithium in Kazakhstan and Mongolia.
Australian businesses have indicated they would be willing to miss payments to suppliers, putting at risk their credit access with financial institutions, a new survey shows.
The economic downturn failed to dampen throughput rates at the ports in Dampier and Port Hedland, which both reported record tonnages for the 2009 financial year.
The University of Western Australia has snared the lion's share of federal government grants awarded to the state's universities as WA received a collective $27 million for research projects.
Uranium explorer Raisama has received regulatory approval for a Chinese state-owned firm to take a 14.9 per cent interest, ahead of a $12 million initial public offer expected to be launched within two weeks.
Free wireless internet, better security, more cafes and new performance spaces are all part of the state government's plans to revitalise the Perth Cultural Centre in Northbridge into a family friendly place.
The median land price in Perth has risen 4.8 per cent in the June quarter as the land price in the South West was among the 10 most expensive areas in the country, a new report shows.
Perseus Mining has unveiled details of its third capital raising this year, with the gold hopeful planning to raise $58.5 million through institutional investors to take its Ayanfuri gold project through to construction.
Two more Perth-based resource companies, Ethan Minerals and Luiri Gold, plan to list on the local bourse this calendar year as they open up their initial public offers to raise a total of $12 million.
West Perth-based Sphere Investments has extended the sale process of a 51 per cent stake in the Geulb el Aouj iron ore project in Mauritania as $US500 million is shaved off the capital cost estimate.
Training Minister Peter Collier has today opened a simulated underground mine at Central Tafe, which will give students a taste of underground mining life without leaving the city.
Osborne Park-headquartered FarmWorks Australia has gained entry to the local stock exchange after Sydney-based IT company ETT said it will acquire the group.
