Shares in Subiaco-based Natural Fuel have skyrocketed as much as 76 per cent today after the company signed a 12-month contract to supply biodiesel to a Europe-based oil and gas company.
It was a mixed December quarter for iron ore miners Murchison Metals and Mount Gibson Iron, as demand for the commodity lowered one miner's shipments but raised the other.
Western Australian companies ranging from conglomerate Wesfarmers to juniors Ironbark Gold and AnaeCo have returned to the markets with a vengeance in a bid to tap fresh capital.
As companies take stock of the global financial crisis, the securities watchdog has reminded listed entities of their obligations to announce any material difference to financial results.
Gold miner Resolute Mining has raised a further $6 million through the placement of shares not taken up in the previous rights issue, as total gold production fell 10 per cent in the December quarter.
As the fallout from the Ravensthorpe mine closure starts to unravel, the state's resources lobby group says mining companies are doing all they can to prevent further job losses.
Shares in Anvil Mining have closed up 27 per cent after it reached a deal with the government of the Democratic Republic of Congo over its Dikulushi and Kinsevere mines.
Perth-based leisure technology firm V3 has been awarded a state government tender to provide online booking technology for Tourism Western Australia's website.
Azure Capital managing director Michael Minosora has joined the executive team at Fortescue Metals Group as part of a reshuffle in a bid to sustain operations in the current economic climate.
Paladin Energy has exceeded production capacity at its Langer Heinrich uranium mine for a second consecutive quarter as it extends its takeover bid for Fusion Resources.
Great Southern says it will pursue other interested parties for the sale of a Queensland forestry estate after a private international timber fund pulled out of a $23 million deal.
Western Australia's largest meatworks, Harvey Beef, will suspend its processing operations for nine days as the global financial crisis dries up customers' credit for the product.
Premier Colin Barnett has reportedly indicated the government could buy back some houses in the Ravensthorpe and Hopetoun areas following BHP Billiton's decision yesterday to close its nickel operation.
THE volume of mergers and acquisitions in the stockbroking sector is expected to pick up in 2009 as firms prepare for a new watchdog rule that will come into force later this year.
WITH the takeover offer set to open shortly for Perth-based Pure Energy, managing director Steven Beardsall may be in for a nice cash bonus as he boosts his stake in the company.
Malaga-based Automotive Technology Group has expanded its presence in China with the signing of another deal with one of the country's largest car manufacturers.
A higher gold price has boosted Dominion Mining's quarterly revenue by 27 per cent despite a dip in production and higher cash costs at its Challenger mine in South Australia.
Perseus Mining plans to raise over $8 million through a share placement to fast track the completion of the feasibility study at its Ayanfuri gold project in Ghana and for working capital.
BHP Billiton has today announced plans to cut 2100 jobs in Western Australia as it suspends operations at its Ravensthorpe nickel mine indefinitely and scales back production at its Mt Keith nickel mine on the back of a falling metal price.
Shares in nickel miner Albidon have slumped over 41 per cent as it posts "disappointing" production figures and suspends some development work at its Zambian mine.
Hundreds of unionised Alcoa workers in Western Australia have today voted in favour of job security over pay increases in a bid to work with the company in the current economic uncertainty.
A prominent Western Australian economist and Treasurer Troy Buswell have both said the state is unlikely to dip into recession in 2011, as projected by economic forecaster Access Economics.
Shares in BHP Billiton have climbed higher despite a report the miner could close its Ravensthorpe nickel mine and some 700 employees may lose their jobs.
Nomad Building Solutions managing director Phil Guy has resigned for health and family reasons as the board expresses its disappointment over the company's financial performance over the past six months.
Western Areas Exploration Pty Ltd has been ordered by the Full Court of the Court of Appeal to pay for the appeal costs for Terry Streeter, chairman of unrelated company Western Areas, and his colleague.
Shares in Balcatta-based Target Energy have fallen as the company withdraws from two gas joint ventures in the United States which is expected to save them over $2.5 million.
Western Australia has again posted one of the larger increases in insolvency actions in the country, jumping over 20 per cent during the December quarter.
