In what has been continuously described as a difficult market to raise funds, gold miner Avoca Resources has exceeded its $25 million capital raising target with stock issued at a slight discount to its share price.
OM Holdings says it has received overwhelming support from its shareholders for the introduction of Takeover Protection Provisions, which have been criticised by major shareholder Consolidated Minerals.
Balcatta-based ticketing company ERG says its strong cash position could have been the catalyst for its skyrocketing share price, which jumped as much as 230 per cent today.
The $4 billion price tag for the Oakajee port and rail project is expected to come down as the global economic downturn lowers the price of iron ore and mining project deferrals free up contractors.
State government agencies have been ordered to slash advertising spend by 15 per cent and reduce the use of consultants by $5 million each year as the government undertakes a review into advertising and communications.
The effect of the global financial crisis is expected to become evident in coming months as Western Australia's December unemployment rate falls to a seasonally adjusted 2.8 per cent.
A TALE of two halves is the most apt description of capital raisings last year, with the fall-off in the latter part of the year meaning investors are likely to be more selective in 2009.
A DISASTER or a strong recovery - that's Martin Place Securities managing director Barry Dawes's each-way bet for what's likely to pan out in equity markets in 2009.
Western Australia's housing market has yet to bottom out with the market forecast to fall by up to 7 per cent this year as mortgage commitments in the state decline by nearly 6 per cent in November.
Macmahon Holdings is expected to lose 75 per cent of its Argyle Diamonds' revenue and possibly lose 200 of its contractors as Rio Tinto scales back production and development work at the Kimberley mine.
One of China's largest banks has given its approval to a $1.8 billion loan to Gindalbie Metals' Karara iron ore joint venture following completion of due diligence.
Takings from Western Australian accommodation providers fell 4 per cent in the September quarter, seasonally adjusted, while occupancy rates slipped over 2 per cent.
Western Australia has just missed its projected Christmas retail sales target for 2008 as the national figure climbed 2 per cent compared to the previous year.
Diversified miner OZ Minerals will halt production at its Scuddles mine in Western Australia with 70 employee and contractor positions to be cut in an effort to conserve cash.
International Goldfields has finalised its terms of a proposed $60 million merger with Nkwe Platinum, in a move that will consolidate both stocks' platinum tenements in South Africa.
Nedlands-based Dragon Energy will be hoping to mirror the success of a fellow Western Australian phosphate explorer as it opens its $1.5 million initial public offer.
Oil and gas explorer Buru Energy says it will defer this year's exploration work at its Canning Basin tenements and reduce employee numbers in response to the current economic climate.
Further studies into processing methods at Perseus Mining's Ayanfuri gold project in Ghana has reduced capital costs by 23 per cent to $192 million with project payback to take about one year.
The proposed 40 megawatt biomass plant in Manjimup has been served with additional conditions by the state government following a number of public appeals.
Suitor TransAtlantic has revealed a small fraction of Incremental Petroleum shareholders have accepted its takeover offer while its chairman has spent close to $16 million buying shares.
Western Power has been ordered to get its act together by October this year by the independent regulator or face fines of up to $100,000 after it was found to have breached its transmission and distribution licences.
C@ has ceased the employment of all executive personnel and terminated the lease on its East Perth warehouse as it drops its $70 million acquisition of a carbon capture project.
Minemakers expects to substantially lower operating costs and increase planned production for its Wonarah phosphate project in the Northern Territory after it entered into a study deal over a rail link to the tenement.
Shares in West Perth-based Range Resources have been placed in a trading halt, pending the release of an announcement relating to election results in Puntland, Somali.
Takeover target Perilya says it has lodged its "concerns" to market and corporate watchdogs over suitor CBH Resources' response to a $45 million placement to a Chinese company.
Fortescue Metals Group has reached its targeted 15 million tonne shipment for 2008 while it was 1 per cent shy of its mining goal at its Cloudbreak mine in the Pilbara.
Equinox Minerals has hit a hurdle with its offtake partners over its Lumwana copper mine in Zambia as it puts its uranium project on the backburner and prepares for a court hearing over power supply.
Building approvals in Western Australia have slumped 30 per cent in November to levels not last seen in nearly eight years, as a lack of credit and economic uncertainty stopped investors from buying property, economists say.
The directors of WA listed company Fusion Resources have accepted Paladin Energy's takeover offer, with the uranium miner boosting its interest in the minnow to over 28 per cent.
