Ausdrill Ltd has blamed a fall in the company's share price on hedge fund selling after comments from suitor Macmahon Holdings Ltd that its takeover bid was unlikely to succeed.
$3bn costs delay Newmont mine; Jobs surprise adds to RBA rate dilemma; NAB woes aren't over, ABN warns; ANZ Capital chief leaves in lending review; Grylls says no deal with Labor unless Carpenter is in charge
Sinosteel is a step closer to full control of Midwest Corporation Ltd after Midwest shareholder Murchison Metals Ltd reversed its previous opposition to the Chinese company's takeover offer.
Unites States company Cleveland-Cliffs is looking to spend nearly $600 million on acquisitions in Western Australia as it moves to fully own iron ore miner Portman Ltd and acquire a 30 per cent slice in explorer AusQuest Ltd.
Some 50 per cent of shareholders have passed up Perth-based Axiom Properties Ltd's rights issue, with the company managing to raise $5.7 million from a targeted $11 million.
Shares in Perilya Ltd have dropped by over 40 per cent on news it will sell its Mount Oxide copper and cobalt project to West Perth-based Chalice Gold Mines Ltd in a scrip deal worth $25 million.
AusQuest Ltd director John Ashley said he is not concerned of a takeover by acquisitive US company Cleveland-Cliffs, which will take a 30 per cent stake in the Ardross-based minerals explorer.
The Federal Court of Australia has ordered a meeting of Aquila Resources Ltd's shareholders in October to consider the 'scheme' for the demerger of certain of the company's exploration interests in new company Aquila Exploration Limited.
Western Australia has recorded the country's lowest jobless rate for August with the latest national figures surprising economist who say the overall fall lessens the chance of an October interest rate cut.
Rio Tinto has emerged as the mystery buyer behind an 11 per cent parcel of shares in uranium explorer Extract Resources Ltd, which could be a hurdle in the company's planned merger with West Perth-based Kalahari Minerals Ltd.
US stocks wobbled higher today as investors mulled troubled investment giant Lehman Brothers' news of hefty losses and plans to sell assets to shore up its finances.
Saville Australia and Babcock & Brown, the beleaguered joint venture partners behind the redevelopment of the former Emu Brewery site, may have secured a lifeline in the form of Leighton Properties.
WABN: Describe a day at work.WABN: Describe a day at work.
SB: "My day starts at 8.30 with clearing the email trail, continues with writing reports, budgets or funding applications, meeting with young artists, arts workers or government/corporate heads a
FORMER executive chairman of the failed winemaker Evans & Tate, Franklin Tate, questioned continuing his career in the wine business when he stopped running the company in 2005.
FOR much of 2007, iron was the mineral of choice for speculators.Companies like Midwest, Atlas, and Sundance Resources all rose like phoenixes out of the ashes, with paper fortunes made and more recently lost, as share prices tumbled. During this time, ma
The wealth of major project activity in Western Australia has been a boon for local contracting firms, which are reaping the rewards of record high bidding activity in both the infrastructure and resources sectors.
Could the emergence of Brendon Grylls as a power broker in Western Australian politics create a shockwave that reverberates across the country and around the globe? It is possible that a few thousand regional and rural voters could have a major impact on
WESTERN Australian resource stocks have made a strong showing in the latest changes to index provider Standard & Poor's ASX indices, as companies dabbling in financial services are shown the door.
THE Nationals WA's surprise result in last weekend's election is likely to provide a boost for business in regional Western Australia, with the next state government forced to deliver improved infrastructure and services outside the Perth metropolitan are
WEST Perth's office building spree has secured another major tenant, with engineering company TWP Australia Pty Ltd signing on to lease the entire A-grade building being constructed at 100 Havelock Street.
The growth of state's iron ore province in the Mid West has been a lot slower than many companies had predicted, with some of the massive projects set to change the face of the region yet to get under way.
Perth-based barramundi farmer Australis Aquaculture Ltd has signed a deal with United States supermarket retailer Safeway Inc to supply its produce to all 1740 stores.
Fortescue Metals Group Ltd has extended a drill and blast contract with Ausdrill Ltd in a deal that will generate the mining services company over $300 million in revenue over five years.
South Perth-based uranium company Extract Resources Ltd has entered into a merger agreement with London-listed Kalahari Minerals Ltd in a scrip deal worth over $210 million.
Portman Ltd said it is assessing its options of its shareholding in Golden West Resources Ltd after a Federal Court judge today ruled against the validity of its proxy forms lodged for last week's extraordinary meeting.
Bell Potter Securities Ltd has been fined $145,000 by the ASX Disciplinary Tribunal for breaching trading and record keeping rules for the dealing of shares in Victorian company Genetic Technologies Ltd.
