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West Perth-based Iron Ore Holdings has discovered a new high-grade iron ore deposit at its 100%-owned Weeli Wolli Project near Yandicoogina in the Pilbara.
Timbercorp has revised its profit forecast from an estimated $57 million down to approximately $44 million following a review of its current projects and assets.
Alcoa has shelved the proposed expansion of the Wagerup alumina refinery in Western Australia, estimated to cost approximately $3 billion, amid weakening demand and volatility in financial markets.
Federal Treasurer Wayne Swan has defended Treasury's growth forecast, saying it does not conflict with more pessimistic predictions by the World Bank and the Reserve Bank of Australia.
Property prices in most capital cities including Perth have plummeted in the September quarter, with house and unit prices flattened or posting negative rates of return in the past 12 months.
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Perth-based Oroya Mining intends to raise over $1 million through a renounceable rights issue to continue it's exploration projects around the country.
Avalon Minerals is hoping to raise $2 million through the placement 20 million shares at 10 cents per share to progress drilling and feasibility studies at its flagship Viscaria Copper Project, located in Northern Sweden.
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Gindalbie Metals Limited has accepted an offer from Anshan Iron & Steel Group Corporation worth more than $162 million to complete equity funding in its $1.8 billion Karara Iron Ore Project.
Less than two months after it floated on the Australian market, Perth-based Aluminex Resources will delist after a technical glitch with its initial public offer.
West Perth-based miner Kagara has been granted an extension to its $100 million facility by the National Australia Bank while Westpac has provided a $50 million facility.
The federal government has announced details of a new financial literacy program designed to help young people make decisions about insurance and superannuation in their future.
Perth company Beta Pharmaceutical hopes to list on the local market at a later date after the ongoing economic volatility forced it to withdraw its $5 million initial public offer.
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ASX-listed Po Valley Energy Limited has been granted six-year gas exploration licences for its La Prospera and Terra del Sole prospects near Bologna in northern Italy.
Shareholders in Jupiter Mines will decide whether to hand control of the company to the Brian Gilbertson-led Pallinghurst Resources, which intends to spend $50 million to advance Jupiter's projects.
Global miner Xstrata has boosted its interest in West Perth-based Pioneer Nickel and has agreed to provide over $1 million to the company to explore the Acra project in Western Australia.
Bentley-based waste recycling company AnaeCo has teamed up with a private firm to explore the feasibility of expanding its DiCOM waste processing facility to the eastern states.
International Goldfields says it will step up merger discussions with Nkwe Platinum after it received an independent report that valued its South African assets at up to $64 million.
Cooper Energy is today urging Incremental Petroleum shareholders to accept its takeover offer as the corporate watchdog says it will not apply on Cooper's behalf for an extension of the bid.
Western Australia's jobless rate for October has been described as "sensational" as the figures tumbled towards record lows while the national rate held steady.
Nedlands-based Tox Free Solutions has successfully completed a $13 million capital raising and revealed it will acquire a Victorian waste management company for $1.5 million.
Engineering firm Monadelphous Group has secured a $76 million contract from Ports Corporation of Queensland for expansion works at the Abbot Point coal terminal.
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