SMALL creditors of failed painting and services business Riley Shelley, co-owned by Perth businessman Ian Riley, are unlikely to retrieve their money after it was revealed that major bank ANZ would be paid first.
THE Pilbara Community Foundation was launched this week to support grassroots community projects in the mining community through a founding donation of $100,000 from the Pilbara Development Commission.
RESPONSIBLE for more than half of Australia's greenhouse gas emissions, the energy sector will be one of the biggest industries affected by the Carbon Pollution Reduction Scheme (CPRS).
Business and retail groups have welcomed the federal budget's plan to increase tax breaks for small business, a move that will encourage innovation, one group claims.
Shares in carbon offset specialists in Western Australia and Aviva Corporation have jumped after the budget unveiled a $4.5 billion Clean Energy Initiative, a move welcomed by the Chamber of Minerals and Energy WA.
There was little for resource explorers in the federal budget last night, with a lobby group saying the government missed an "excellent opportunity" to introduce an exploration incentive scheme which was a key election promise.
While the federal government's decision to invest in significant WA infrastructure projects has been welcomed, a business lobby group says the state's importance to the nation's economy has been undersold.
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Gindalbie Metals will appeal against some of the conditions recommended by the environment watchdog over the $1.8 billion Karara iron ore joint venture with AnSteel.
Balcatta-based Tiger Resources plans to raise $9 million through a share placement to help pay for a majority interest in a copper project in the Democratic Republic of Congo.
Phosphate company Legend International Holdings will spend over $20 million to acquire all the shares it does not own in North Australian Diamonds (NAD) through an on-market takeover.
The market capitalisation of Western Australian listed companies has surged back above the $100 billion mark for April, led by resource companies Aditya Birla Minerals, Mirabela Nickel and Perilya.
Western Australian juniors Great Australian Resources and SA Metals, formerly Pan Palladium, have advised shareholders to take no action to Sylvannia Resources $31 million takeover offers.
A further $10 million will be added to the budgeted capital cost of Iluka Resources' $209 million Murray Basin Stage 2 project after unexpected plant delays push back the start up date.
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The state government will invest more than $260 million in the Kwinana power station as Verve Energy continues talks with a potential joint venture partner over the restart of the Muja AB station near Collie.
West Perth-based Galaxy Resources has selected a site in China for its proposed lithium carbonate plant that will process ore from its $68 million Mt Cattlin project near Ravensthorpe.
Western Areas will have the right of first refusal over Kagara's Lounge Lizard nickel project after it struck a multi-million dollar deal to grant the latter company access.
Carnegie Corporation is set to acquire all of the intellectual property and global development rights for the CETO wave energy technology under a deal with its UK-based joint venture partner.
Osborne Park-based A1 Minerals says it is on track to becoming a gold producer later this year as it awards a $1.7 million plant refurbishment contract to CPC Engineering.
Oil and gas producer Santos has launched a $3 billion capital raising to fund its growth projects, including the PNG liquefied natural gas project, which is estimated to have a capital cost of $US12.5 billion ($A16.3 billion).
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Bunnings Warehouse Property Trust says it has received strong institutional backing for its capital raising, which will now raise a total of $150 million.
Phosphate hopeful Minemakers has gained control of takeover target Bonaparte Diamond Mines, which is still assessing another offer made by Union Resources.
