Nickel miner Independence Group has booked an unaudited net loss of $1.2 million for the December quarter following a $7 million write-down in investments and exploration expenditure.
Nickel miner Albidon has reached an agreement with a private investment fund for a capital injection of up to $40 million through a convertible notes issue.
Mineral sands hopeful Image Resources has signed a deal with a Chinese organisation to investigate results from its North Perth Basin project and may lead to a joint venture.
West Perth-based Tap Oil says it expects to be generating revenue at near full capacity in the coming months following the Varanus Island incident, as quarterly production jumps 42 per cent.
A federal committee has endorsed a High Court decision related to the collapse of WA miner Sons of Gwalia that allows certain shareholders to rank equally with creditors.
The Office of Energy has recommended a 55 per cent increase in small business electricity prices, even higher than the increase it proposed in a draft report released last year.
Coordinator of Energy Jason Banks will chair a new committee that will review the state's gas supplies and examine ways to improve the management of energy emergencies.
Sirtex Medical says it is continuing to pursue the recovery of its legal costs and expenses of over $5.5 million as proceedings against the University of Western Australia and Bruce Gray approaches its third year.
Falling commodity prices during the December quarter has increased the payback amount by Kagara to its offtake partners as the miner delivers another period of record copper production.
Shares in industrial software provider ISS Group have slumped 32 per cent as the downturn forces the company to withdraw its profit guidance, cut jobs and a proposal to scrap the interim dividend.
Mining services company Imdex is banking on the oil and gas sector to help it through the mining downturn as it calls off an acquisition deal for Australian Drilling Specialities.
Shares in Wesfarmers have slipped today as the company launches the retail component of its capital raising efforts in a bid to reduce its debt position.
Treasurer Troy Buswell has flagged further cuts in government spending as ratings agency Moody's warns the state's AAA credit rating will be at risk should the budget slide into deficit.
TALK of further consolidation among stock broking firms has come to pass with Patersons Securities unveiling its latest merger deal, with Melbourne-based Tolhurst Group, this week.
THE quiet summer holiday period can perhaps bring more attention than necessary to the movements of a director's shareholding, particularly when the person in question sells $580,000 worth of shares.
BHP Billiton has reportedly made a series of commitments to the unemployed mine workers from the Ravensthorpe nickel operation, including the redeployment of up to 200 former employees.
Brockman Resources managing director Wayne Richards has exercised $500,000 worth of options at nearly half the price of the company's last traded share price.
The average number of days for Australian businesses to settle accounts has reached an eight year high with big firms the slowest to pay while Western Australian companies have been the quickest to pay bills, a report has revealed.
State Transport Minister Simon O'Brien has awarded over $4 million worth of contracts to several businesses for the upgrade of several bridges and the Bussell Highway.
Nickel miner Mincor Resources says it is on track to achieve its revised production guidance for fiscal 2009, as it posts record production and lower cash costs for the December quarter.
Gold hopeful CGA Mining plans to raise nearly $31 million from Canadian investors as Platinum Australia becomes the latest miner to enter a trading halt pending the release of capital raising details.
Shares in Ammtec have risen despite the company again lowering its profit guidance for the 2009 financial year as the mining downturn starts to flow through to the metallurgical testing company.
One month after announcing it will merge with Perth firm Montagu Stockbrokers, Patersons Securities has reached agreement to buy the stockbroking business of listed company Tolhurst Group for some $7 million.
A dramatic fall in the molybdenum price has forced Moly Mines to consider selling surplus mining items no longer deemed necessary for a proposed smaller start-up operation for its Spinifex Ridge project in the Pilbara.
Perilya says it will look further into cost reduction initiatives as a falling lead price threatens to increase the Perth-based miner's production cash costs.
Shares in Extract Resources have dipped as the company releases the maiden resource for its Rossing South Zone 1 project in Namibia, claiming it to be one of the most significant uranium discoveries made in decades.
Analysts at CommSec have forecast iron ore prices to fall by 25 per cent this year as Chinese consumers push for lower prices after being squeezed over the past five years.
The sharp deterioration in the Australian dollar has ensured the country's goods are more competitive on the international front as exports record the largest annual increase in over 34 years.
