West Perth-based Sphere Investments Ltd has joined fellow iron ore developer Cape Lambert Iron Ore Ltd in hitting a potential funding crisis, after disclosing that one of its partners was reviewing its planned participation in a $415 million funding deal.
Guilford-based Swick Mining Services Ltd has announced a share placement to raise $28 million to expand its underground diamond drilling division, in conjunction with a partial sell-down by the Swick family of $40 million worth of shares.
Bibra Lake-based rubber recycling and manufacturing company Reclaim Industries Ltd has been awarded a $567,500 grant by the Federal and South Australian governments for their increased investment in the state.
West Perth-based engineering services company Neptune Marine Services Ltd has secured a series of new diving and maintenance related projects in the United States and Australia.
Belmont-based gold and base metals explorer Great Australian Resources Ltd has completed an agreement with Perth-based metals explorer View Resources Ltd for the latter's purchase of a tenement within the Corboys gold project area.
Nedlands-based ophthalmology product development company Advanced Ocular Systems Ltd has sold intellectual property related to Mineralocorticoids, a steroid hormone, to Australian eye care development company Eye Co Pty Ltd for $100,000.
South Perth-based Australian Renewable Fuels Ltd will issue 25.8 million, 5 year options at a strike price of 19 cents to Macquarie Bank Ltd in return for its advice in relation to business development and financing and operational strategies.
Cape Lambert Chinese deal about to collapse; taxpayers fail to lodge tax returns; Coonan tells Telstra to rein push against regulation; Consumers keep spending; Coles may not be selling as cheaply as thought to Wesfarmers.
West Perth-based energy company Wasabi Energy Ltd has taken a 20 per cent stake in Melbourne-based evaporative water loss-prevention company Aqua Guardian Group Ltd for $500,000, ahead of its planned listing on the Australian Securities Exchange.
A group of Perth investors including former Macquarie Bank director Simon Lyons and Prime West director John Bond have taken control of listed irrigation company Australian Watwerwise Solutions Ltd.
Perth-based metals explorer View Resources Ltd plans to raise $10 million through a rights issue, the company announced today, as well as securing a new debt facility under plans to move its Bronzewing gold project into positive cash flows by December.
South Perth-based mining explorer Extract Resources Ltd and Burswood-based Tectonic Resources NL have agreed to sell their interests in the Burnakura gold project joint venture to Canadian company ATW Venture Corp, the companies have announced.
Nedlands-based Hawk Resources Ltd will acquire 80 per cent of the Callie Soak tungsten prospect, currently owned by Richmond Resources Pty Ltd, for $60,000 in cash and scrip, the company has announced.
West Perth-based explorer Silver Swan Group Ltd has earned a 51 per cent stake in the Cocata copper-gold project after meeting the exploration expenditure committments set out under its joint venture with Sydney-based Intermet Resources Ltd.
South Perth-based agricultural investment company the ARK Fund Ltd has increased the size of its debt facility with the National Australia Bank to $27 million, the company has announced.
West Perth-based Monitor Energy Ltd has raised $500,000 in a placement to advance exploration of the company's oil and uranium projects in the Kyrgyz Republic and to supplement working capital, the company has announced.
Cannington-based security technology group QRSciences Holdings Ltd associated company Spectrum San Diego Inc has been awarded a supply contract by the US Transportation Security Administration worth $42 million, the company has announced.
West Perth-based uranium explorer U308 Ltd has signed a joint venture agreement with Canada-based uranium producer Cameco for a joint venture project over eight tenements in the Ashburton region of Western Australia.
Redcliffe-based construction services company Global Construction Services Ltd has acquired Landsdale-based accommodation provider Budget Portables for $10 million, the company has announced.
Monarch Gold Mining Company is fast tracking the development of its high grade Kalgoorlie gold projects and ramping up production at its Davyhurst mill over the next four months, the company announced today.
Maintaining a focus on Western Australia’s second and third homebuyer markets has proved a wise move for several builders featured in the annual Housing Industry Association Housing 100 report released last week.
Western Australia’s investment community has shrugged off fears of trouble in the US economy after problems in the US mortgage market triggered profit warnings from financial services groups and sent global stock markets plunging last month.
While Western Australia’s mining industry is well-represented on the list of the state’s top exporters, a number of manufacturing and technology companies are also creating significant export revenue.
Western Australian agribusiness exporters experienced mixed fortunes this season, with drought conditions putting pressure on the grains sector, while other sectors, such as meat, livestock and forestry experience a growth in revenues.
Western Australia has become unusually dependent on three giant resource sector producers, which account for more than half of the state’s entire exports.
The state government has posted another record surplus, eclipsing its previous record figure by almost 2 per cent to reach $2.3 billion for the 2006-07 financial year.
Vital upgrades to Western Australia’s grain rail freight network face further delays after the federal government rejected a state request for help in funding the $400 million required to keep parts of the network functioning.
China is Western Australia’s most important export partner, generating $13.8 billion for the state’s economy in 2006-07 and overtaking Japan as WA’s biggest export market, according to figures from the Department of Industry and Resources.
Commercial property investor Hossean Pourzand may break some sales records before the year is out, with the Clough building at 251 St Georges Terrace expected to generate strong interest from investors and developers.
