Australasian Resources Ltd today confirmed that it has received a merger proposal from billionaire Clive Palmer's Resources Development International Ltd, which is currently finalising plans for a $5 billion initial public offer.
The early call of the Northern Territory election this week has highlighted the enviable position of Western Australia's economy, as investment in the state increases by 18 per cent.
While the Mid West region is dominated by the antics of iron ore stocks Murchison Metals Ltd and Midwest Corporation Ltd, another player is stepping up to secure its berth in the region's resource riches.
West Perth-based intellectual property company ipernica Ltd has entered into a $16 million agreement to acquire geospatial media company NearMap Pty Ltd, which has selected Perth for its initial prototype testing.
Fortescue Metals Group Ltd has alerted shareholders of an unsolicited offer to acquire shares from Hassle Free Share Sales Pty Ltd, a fortnight after the same company approached Woodside Petroleum Ltd.
Western Australian stocks Mincor Resources Ltd and Panoramic Resources Ltd are just some of the nickel plays that enjoyed a healthy day on the bourse, buoyed by positive news from their respective projects.
A pre-feasibility study into Perth-based Strike Resources Ltd's Peru iron ore project has pegged total capital cost at $2.4 billion based on a 20 million tonne per annum operation.
Wesfarmers Ltd has had a mixed June quarter over its coal output with production increasing in two of its operations while its Premier mine recorded a 37 per cent decline from the previous quarter.
Perth-based CO2 Group Ltd has launched a cash takeover offer for private mallee eucalyptus planting firm The Oil Mallee Company of Australia Ltd in a bid worth up to $700,000.
Perth miner Straits Resources Ltd has been dealt a blow with the state's environment watchdog recommending against a proposal to build a $200 million solar salt farm in the Exmouth Gulf.
Aditya Birla Minerals Ltd has recorded a 14 per cent drop in total copper output over the June quarter as it remains tight lipped over the impact the state's gas crisis has had on its operations.
Balcatta-based gold explorer Manas Resources Ltd has made a positive start to listed life on the stock market with its share price closing at a 5 per cent premium to its 20 cent issue price.
West Perth-based intellectual property company ipernica Ltd has entered into a $16 million agreement to acquire geospatial media company NearMap Pty Ltd, which has selected Perth for its initial prototype testing.
First production at Atlas Iron Ltd's Pardoo project has been delayed by to December after it lodged an appeal over conditions recommended by the Environmental Protection Authority.
Subiaco-based Summit Resources Ltd plans to raise over $10 million through a rights issue which will be fully sub-underwritten by its two largest shareholders, Paladin Energy Ltd and Areva NC Australia Pty Ltd.
Leederville-based Cape Lambert Iron Ore Ltd has had a heavy day of trade as speculation mounts that a takeover bid by a Russian steel making giant is imminent.
Perth-based Woodside Petroleum Ltd and US company Apache Corp are increasingly likely to strike a gas supply arrangement over the expansion of the Pluto gas project.
While new motor vehicle sales rose by 1 per cent across the country over the month of June, Western Australia was near the head of the pack of states and territories to record a decline.
Western Australia's chances of being selected as the host of Inpex's $12 billion liquified natural gas plant have been put at risk after the Northern Territory today called an early August election.
Former Carmichael Capital Markets executive chairman Craig McGown and former Woodside executive David Craig have joined the board of West Perth-based based oil and gas play Entek Energy.
Automobiles in India are set to become the first in the world to use Eden Energy Ltd's alternative motor vehicle fuel, Hythane, following approval from an Indian committee.
An updated scoping study into West Perth-based Energy Metals Ltd's Bigrlyi uranium and vanadium project in the Northern Territory has boosted the mine's life from eight years to 12 years.
HBOS, the UK owner of Perth-based BankWest, today said shareholders agreed to take up 8.29 per cent of its $8 billion rights issue, increasing speculation that Perth-based BankWest could be up for sale.
The grandson of the late iron ore prospector Peter Wright, a long time business partner of mining tycoon Lang Hancock, has been appointed to Apex Minerals ML's board in what is understood to be his first public company venture.
The state Liberal party has revealed a leaked document from a government agency that had grave concerns about the condition of Apache Energy Ltd's Varanus Island pipelines last year.
Shares in Perth-based explorer Waratah Gold Ltd has closed at nearly double its 20 cent issue price on its first day of trade on the local stock market.
A 12 per cent shortfall in uranium production has forced Subiaco-based Paladin Energy Ltd to revise down its forecast production for 2008 at it Langer Heinrich mine in Namibia.
