The planned listing of billionaire Clive Palmer's Resource Development International in Hong Kong has been delayed, Australasian Resources confirmed today.
Privately-owned Talison Minerals said some 200 jobs will be lost as it suspends work at its Pilbara located Wodgina mine, the worlds largest tantalum operation.
OZ Minerals says it will defer $20 million of work at its Golden Grove operation in Western Australia, as part of a wide ranging review of its assets in light of the financial crisis.
The owner of the Dampier to Bunbury natural gas pipeline says it has saved $55 million on current expansion works, which will start operating early next month.
Bedding franchiser Joyce Corporation has reached a deal to sell its Queensland property for $9 million, some $500,000 more than its valuation at the end of the 2008 financial year.
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Yilgarn Infrastructure has continued its rearguard bid for a slice of the planned Oakajee port and rail project, claiming today that its Chinese partners would not work directly with the government's preferred bidder.
The state's mining sector weighed heavily on the market capitalisation of Western Australian stocks, which lost $36 billion during October, a survey has found.
West Perth-based IronClad Mining has entered into an agreement with a Chinese steel making company over the development of two of its iron ore projects in South Australia.
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Perth-based Stirling Products are aiming to raise $210,000 in immediate capital raising, or up to $960,000 in total before expenses, through a placement of fully paid ordinary shares and convertible notes.
Engineering firm, SKM has taken out the top prize at the Engineers Australia, Engineering Excellence Awards for its work on Rio Tinto Iron Ore's US$1.4 billion Dampier Port Upgrade in the Pilbara, with two Western Australians taking out individual honours
Cooper Energy has pulled out of the offshore Seruway Production Sharing Contract located in North Sumatra, Indonesia incurring a $19.8 million write-off for the oil producer.
Exploration company Spitfire Resources has finalised its move to take on advanced coal projects in Tasmania with two key exploration licences, covering the Langloh and Avoca thermal coal projects, being granted.
Perth-based sandalwood products company, TFS Corporation is expecting to deliver a profit increase of at least 15 per cent for the year ending 30 June 2009.
Straits Resources is reviewing the viability of two if its copper mines, including the Whim Creek copper mine in WA, after a dramatic drop in the world copper price.
Range Resources will be pursuing legal action following an article in published by The Age newspaper in Melbourne under the heading "Mining Firm tied to Somali Oil Pirates."
Despite all the doom and gloom, including today's turmoil on the Australian stockmarket, consumers are still spending up big, particularly on their credit cards.
