After several years of strong share price growth, many listed property players had a subdued 2007 as interest rate rises and soaring house prices hit the market.
Eight Western Australian company directors in the mining industry collected tidy Christmas bonuses this week with substantial paper profits from the exercise of options.
So what is the secret? Western Australia is meant to be at the cultural fringe, dominated by mining and other sectors that lack the sophistication necessary to appreciate the arts.
MORE than a third of companies listed on the Australian Securities Exchange call Perth home, with more than 120 new Western Australian companies floating on the stock market this year.
ILUKA Resources will announce the retirement of Ian Mackenzie as chairman and a director of the company at its next annual general meeting, to be held in May 2008.
John Langoulant’s role as the public face of Western Australian business for nearly four years is set to change in the new year when he takes on the role as chief executive at Kerry Stokes’ very private Australian Capital Equity Pty Ltd.
Ten years ago this month, Perth entrepreneur Graeme Morgan collected a giant payout when he and his fellow shareholders agreed to sell one of Perth’s great business success stories for $272 million.
International trade agreements appear to have overridden the state government’s ‘Buy Local’ policy, raising concerns in some areas of industry that compete globally or nationally for local tenders.
VDM Group Ltd executive director Stuart Cuthbert has decreased his indirect interest in the company - held by Redmont Resources Pty Ltd - through the on-market sale of 1 million shares valued at $2.7
Premier Alan Carpenter has called on the corporate sector to lift its contribution to the Western Australian arts sector, after unveiling a $73 million arts funding package to reinvigorate the state’s cultural landscape.
Base metals miner Herald Resources this month became the latest of many Western Australian mining companies to be the target of a takeover offer, as big international groups seek to secure access to resources.
QRSciences Holdings Ltd has this week appointed a new chief executive and chairman, signalling a shift in its corporate base from Perth to the east coast.
Shares in West Perth-based Bathurst Resources Ltd made a solid debut on the Australian Securities Exchange today, closing at a 20 per cent premium to their issue price of 20 cents.
Perth-based coal exploration company East Energy Resources Ltd has made a successful start to public life, with its share price closing 60 per cent stronger at 40 cents, on an issue price of 25 cents.
Emerging mineral explorers Jameson Resources Ltd, Bellevue Resources Ltd and Noah Resources NL have made modest debuts on the Australian Securities Exchange today.
Euroz Ltd announced today that its subsidiary Westoz Funds Management Ltd has successfully completed an $80 million capital raising for the initial public offering of Ozgrowth Ltd.
Shares in aspiring iron ore miner Talisman Mining Ltd made a small eight per cent gain on return to trade today, despite news that Jubilee Mines Ltd executive chairman Kerry Harmanis will acquire a stake in the company.
Emerging Australian gold company Emmerson Resources Ltd has made a steady debut on the Australian Securities Exchange, following the completion of its heavily oversubscribed $20 million Initial Public Offer.
West Perth-based iron ore explorer Vector Resources Ltd has made a strong debut on the Australian Securities Exchange, with the value of its shares surging more than 65 per cent.
Shares in Perth-based mineral explorer Syndicated Metals Ltd remained steady at 34 cents today, following the company's strong debut on the Australian Securities Exchange yesterday in which its 25 cent issue price soared 20 per cent.
Jubilee Mines NL has written to shareholders today urging them to accept a takeover offer from Xstrata Nickel Australia Pty Ltd, which currently holds 40.13 per cent of Jubilee shares.
Shares in Fairstar Resources Ltd sank another 5 per cent today as it revealed its holding in takeover target Golden West Resources Ltd had fallen from 32.2 per cent to 24.8 per cent.
Emerging from a trading halt today, engineering services group Neptune Marine Services Ltd has raised $61 million to primarily fund the acquisitions of Ross Deeptech Initiatives Ltd and Sea-Struct businesses.
Emerging mining and exploration players Navigator Resources Ltd and CityView Corporation Ltd have successfully completed share placements to raise $5 million and $10 million, respectively.
An independent expert's report by Deloitte Corporate Finance has concluded that Arc Australia Ltd's proposed acquisition of Anzon Australia Ltd is fair and reasonable.
Golden West Resources Ltd has firmly rejected Fairstar Resources Ltd's improved scrip takeover offer, arguing that the value of Fairstar scrip is highly uncertain and volatile and that Fairstar adds nothing to the planned Wiluna West iron ore project.
West Perth-based Bellevue Resources plans to list on the Australian Securities Exchange on December 18, after raising $3.5 million through its initial public offering.
