Yilgarn Infrastructure has flagged a potential $1 billion damages claim for breach of contract by Midwest Corporation Ltd, which allegedly signed a binding agreement to formally nominate it as its preferred developer for the Oakajee port and rail.
The votality that has characterised the financial markets this year has bred anxiety across the country, but caution may be a more apt term for WA, where its largely business as usual.
Petroleum is WA's biggest export earner and if the discussions at this week’s Australian Petroleum Production and Exploration Association conference are any guide, oil and gas projects are set to make an even bigger contribution in the future.
Stock market volatility has put a dampener on the number of Western Australian companies that floated during the March quarter, but surprisingly, the amount of funds raised was 75 per cent higher than in the same period last year.
Perth-based Nkwe Platinum Ltd has chosen to list on London Stock Exchange’s Alternative Investment Market, marking a change from the flurry of Australian resource companies turning their attention, and their pockets, towards Canada.
BHP Billiton's petroleum arm is expecting double digit volume growth for the next four or five years following flat production volumes over the last two fiscal years, the company said today.
Shares in takeover target Golden West Resources Ltd have soared over 70 per cent after it was revealed iron ore mining company Portman Ltd had acquired a 10 per cent stake while its bidder Fairstar Resources discloses its position in the Opes Prime saga.
Como-based mining company, Aquila Resources Ltd, could be the target of takeover activity by its joint venture partner, private equity group AMCI, following recent share acquisitions in Aquila and three related iron ore explorers.
Western Australia remains the driving force behind the nation’s economy and is predicted to sustain strong growth rates despite higher interest rates, a weak stockmarket and the United States’ economic downturn.
Perth-based resource company Windimurra Vanadium Ltd’s recent $25 million share placement has led a charge by small to mid-cap resources companies that have managed to raise capital despite the sharp stock market downturn.
Curtin University students have won two prestigious international awards for innovative and sustainable solutions to pollution and water shortage problems faced by developing countries.
Xstrata Australia non-executive chairman and Santos Ltd director Peter Coates has joined the board of Perth-based nickel producer Minara Resources Ltd.
The share prices of two Perth-based companies have shot up 40% or more today on the back of uranium and other commodity results from their projects in Malawi and Sweden.
PERTH-based mineral sands producer Olympia Resources has rejected Territory Resources takeover cash bid, saying its offer was less than half of what it should be according to an independent expert.
A local engineering group has been awarded nearly $3 million by the federal government to fast track the commercialisation of technology that is designed to save rail companies time and money.
The second incarnation of the infamous nickel mine that sparked the Poseidon bubble of the early 1970s is sure to have many closely watching the development of Poseidon mark 11, especially because of Andrew Forrest’s involvement.
The state’s booming resource sector is proving to be a boon for Subiaco-based construction firm DORIC, which is currently locked in final negotiations for two more contracts, while the releases of its refurbished houses were quickly snapped up over the we
Andrew Forrest's Fortescue Metal Group Ltd has increased the cost of its Pilbara iron ore project by $31 million, taking the final forecast cost up to $2.796 billion and leaving the company with no formal contingency.
Perth-based Perilya Ltd and Sydney-based CBH Resources Ltd have announced a $489 million merger deal to form a globally significant producer of lead and zinc.
Gina Rinehart’s Hancock Prospecting has only recently started mining at its Hope Downs iron ore prospect in the Pilbara, but is already advanced in the planning of its next two mines.
Smaller gold miners in Western Australia are set to capitalise on the soaring gold price, which has not even come close to the real highs of the 1980s.
Western Australia’s growing population, driven to a large degree by the resources boom, has placed increasing importance on the management of the state’s water supplies.
The state government will pour more than $4 billion into a makeover of the health sector over the next decade, with the Fiona Stanley Hospital the standout in the overall capital works budget.
Perth may finally be able to throw off the dullsville tag when a number of planned major public works projects are completed, with the state government planning to invest about $2.68 billion on the development of venues and projects state-wide.
Rio Tinto Iron Ore chief executive Sam Walsh believes the current benchmark pricing system for iron ore will come to an end but it will not be happening anytime soon.
Takeover target Rio Tinto has established a partnership with Curtin University which will see the launch of the mining giant's second innovation centre, the Materials and Sensing Centre.
