West Perth-based Target Energy has pointed to suitor Advance Energy's operational viability as it advises shareholders to take no action on a takeover bid.
Union Resources says it has secured a $4 million underwriting deal for a proposed rights issue with funds to support its takeover bid for Bonaparte Diamond Mines.
Perth-based CityView Corporation says it will use the $14 million owed to it by Fortitude Minerals to buy an interest in a coal operation in South Africa.
The federal government's business investment stimulus is finally paying dividends with sales of new commercial vehicles in Western Australia rising 6 per cent in March, new figures show.
An understanding of core strengths and a simple business model are some of the tips the state's fastest growing companies say have helped them through a turbulent 2008, a new report has found.
Gold miner Newcrest Mining says it will not achieve its $25 million cost reduction target at the Telfer mine in WA due to slower natural attrition of the workforce and maintenance costs.
PERTH-BASED oil and gas explorer Buru Energy has unveiled a $41 million takeover bid by a company linked to its chairman, which has proposed to fund the offer out of Buru's cash reserves.
MINER Mount Gibson Iron has emerged from a difficult December quarter to post a healthy start to 2009 despite the ongoing uncertainty in the iron ore market.
Engineering and construction company Paladio Group has forecast full-year net profit to reach up to $12 million before any write down associated with the collapse of Windimurra Vanadium.
North Perth-based Australian Renewable Fuels says it has received a termination notice from Fortescue Metals Group regarding the supply of biodiesel to the Cloudbreak mine site in the Pilbara.
Shares in Port Bouvard have jumped as much as 20 per cent today as the property developer cleared a major hurdle for the its proposed Point Grey development near Mandurah.
The development timeline for Gindalbie Metals' $1.8 billion Karara iron ore joint venture has been pushed back after delays in gaining foreign investment and environmental approvals.
Only two companies were allocated funds in the first round of the federal government's $50 million Geothermal Drilling Program with West Perth-based Torrens Energy one of the companies to miss out.
West Perth-based Gunson Resources will consider building its zircon processing plant in Western Australia instead of China following recommendations that it will save money.
Shipbuilder Austal has pointed to the potential awarding of a US Navy contract as a possible reason for its 21 per cent share price spike over the past few trading days.
Wholesale mortgage broker Australian Finance Group has launched a share buyback for up to 20 per cent of its capital, with smaller investors already accepting the deal.
Rio Tinto shareholders have shown their displeasure with the miner, casting a strong protest vote against the re-election of director Rod Eddington and the company's remuneration report.
Perth-based oil and gas explorer Buru Energy has unveiled a $41 million takeover bid by a company linked to its chairman, which has proposed to fund the offer out of Buru's cash reserves.
Engineering firm RCR Tomlinson has forecast a full-year fiscal 2009 net profit of up to $13 million as profit expectations are hit by delayed or cancelled projects.
Arafura Resources has further strengthened its ties with its major Chinese shareholder, which has agreed to take a 51 per cent stake in the Jervois iron-vanadium project in the Northern Territory.
Balcatta-based Repcol has announced plans to invest nearly $20 million in mining services company Resource Equipment Rentals and sell its debt collection business for $350,000.
The state opposition has called for $4 million from the royalties for regions fund to be committed to the $171 million Ravensthorpe biomass energy project, which could create hundreds of jobs in the region.
