Another gold miner in administration THE Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its curren
FORMER National Lifestyle Villages chief executive John Pirie has been recruited by property group Rapley Wilkinson to the position of general manager, business development/strategy.
TEN-YEAR government bonds effectively set a risk-free rate of return for investors, since these government-backed securities guarantee an investor's initial capital investment.
A STRING of councils in Western Australia are expecting millions to be wiped off the value of high-risk securities following the collapse of US investment bank Lehman Brothers early this week.
Reward Minerals Ltd has proposed to spinout its Jervois base metals and Gabanintha gold-copper projects into wholly-owned subsidiary Jinka Minerals in a bid to become the first Australian potash producer.
First Start - the state government's shared equity scheme for first homebuyers - has been suspended indefinitely in a move that housing groups believe could threaten the already struggling sector, if the incoming Liberal government does not top up funding
Less than a week after shareholders voted against a resolution to oust a director, Style Ltd's major stakeholder Merim Pty Ltd has again called for another meeting, this time to remove founder Greg Johnson.
The Federal Court has ordered Victoria-based Oil Basin Ltd to pay costs related to its proceedings launched against Perth-based companies ARC Energy Ltd and Buru Energy Ltd.
Perth-based Incremental Petroleum Ltd said it does not see any synergies in merging with Cooper Energy Ltd as it again reiterated calls to shareholders to take no action on the bid.
Credit ratings for BankWest parent HBOS have been downgraded in the wake of this week's US financial turmoil as analysts and investors grow increasingly nervous about the health of global financial institutions.
Worried investors fear worse to come; Global share rout as insurer teeters; Stokes signs up to 'no conflict' gag; Babcock denies exposure to collapse; Woodside warns on forcing Shelf split
Barclays PLC confirmed Tuesday that it is interested in acquiring some assets of Lehman Brothers, the investment bank that collapsed after Barclays dropped out of merger talks.
Nedlands-based software provider ISS Group Ltd has entered into an underwriting agreement with Paterson Securities Ltd for its proposed $13 million return of capital to shareholders.
Cape Lambert Iron Ore Ltd will seek legal advice after it received a requisition notice from new major shareholder Power United Ltd, which has proposed to oust several directors including executive chairman Tony Sage.
The Australian gold division of Toronto-listed company GBS Gold International Inc has been placed into voluntary administration after it defaulted under its current debt financing arrangements.
Perth-based integrated energy company Aviva Corporation Ltd has entered into a joint venture agreement with a New York-listed company effectively valuing its 400 megawatt Mid West power project development at almost $70 million.
Nearly a year after seeking board seats and more than six months after their demand became hostile, Kerry Stokes and Peter Gammell are to become directors of West Australian Newspaper Holdings Ltd.
The last major hurdle for full control of iron ore miner Midwest Corporation Ltd has fallen as US investment bank Harbinger Capital pockets $224 million from Sinosteel's takeover offer.
Lehman crash sparks fears of world slump; Barnett hangs axe over major projects in search for Grylls' millions; Uranium stocks up as Libs take power; Falcone succumbs to Sinosteel; Liberal leadership comes to head
East Perth-based North Australian Diamonds Ltd has settled legal proceedings with major shareholder Anglo Pacific Group plc over a staged capital raising that was deemed too low.
Perth-based iiNet Ltd has announced it will buy back up to five per cent of its issued capital in a bid to strengthen its share price to better reflect the value of the company.
An ANZ loan to oil and gas services company Rheochem plc has increased from $8 million to over $20 million, in a move which the firm said will provide security for the business to grow.
Anvil Mining Ltd will look at other possible transactions after a $272 million private placement by Israel's Catala Global is called off due to continued deterioration in market conditions.
Two major shareholders in Western Australian iron ore miner Midwest Corporation Ltd have accepted the takeover offer from Chinese steelmaker Sinosteel, giving the bidder more than 82 per cent acceptances of its bid.
Grylls grants Barnett tenuous grip on power; Yilgarn clings to berth hope at Oakajee; Qantas pilots reject pay proposal; Lehman on brink as Fed steps in; Bank breaks rank on emissions
Delays in obtaining approvals and takeover defence costs have blown out Midwest Corporation Ltd’s net loss for the first half of 2008, up from the previous year’s $1 million to $7.8 million.
Shares in Perth-based miner Perilya Ltd have dramatically reversed its recent losses, skyrocketing over 60 per cent in trade today after Credit Suisse labeled the stock as "too cheap".
East Perth-based Metals X Ltd will move ahead with plans for the development of its Wingellina nickel project in Western Australia following a feasibility study that pegged capital costs at $2.2 billion.
Shareholders in bamboo flooring products company Style Ltd have voted against a board shake-up brought on by major stakeholder Merim Pty Ltd in what has been called by the chairman a "cheap takeover".
A scoping study into Perth-based Heron Resources Ltd's Yerilla operation, which includes the Jump-up Dam project, has estimated a capital cost of $1.2 billion with a payback period of six-and-a-half years.
