Nedlands-based wood pellet manufacturer Plantation Energy has deferred its initial public offering ahead of construction of its Albany wood pellet facility, opting instead to raise up to $24 million through private equity.
While the gold sector in Western Australia has long led the way in exploration spending, iron ore exploration expenditure has jumped significantly in recent years to be to almost level pegging.
There’s a new kid on the business block, and he’s doing very well thanks to a secret management technique called ‘do nothing’.While not found in any textbooks, ‘do nothing’ is a management method that
North Perth-based development fund MEC Resources Ltd will establish a joint venture company with well-bore technical services firm China National Logging Corporation, to provide production and exploration services to MEC investee Advent Energy Ltd.
West Perth-based Tap Oil Ltd has entered into a gas sales agreement with a Western Australian customer for over five years, which it expects will generate $135 million in revenue.
West Perth-based Jupiter Energy Ltd will pay Zher Munai & K LLP around $6.7 million and issue shares worth a further $2.3 million for sub surface rights on an oil permit in the Mangistau Basin in South West Kazakhstan.
Applecross-based engineering company Monadelphous Group Ltd has secured new minerals and oil and gas projects worth a total of $140 million, the company has announced.
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.
Perth-based CityView Corporation Ltd has acquired the right to purchase 100 per cent of Petro Energy Africa Ltd, a move that would give it operational control of the North Matanda oil project in Cameroon.
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.
One year after helping to float the family company, Swick Mining Services Ltd (SMS), on the Australian Securities Exchange, Randal Swick is planning to establish a new drilling business in Brazil.
Western Australia has become unusually dependent on three giant resource sector producers, which account for more than half of the state’s entire exports.
Western Australia’s nickel exporters, led by BHP Billiton and Minara Resources, had a bumper year in 2006-07 despite lower production, with record nickel prices achieved.
Western Australia’s massive minerals and petroleum sectors dominate the state’s export commodity profile, with just one commodity in the top 10, wheat, from outside the resources industry.
When geologists around the world start planning new mine developments, there is a good chance the software used will have been written in Perth by a company such as Gemcom or Micromine.
As we prepare to enter year six of the greatest resources boom Australia has experienced there’s a hunt under way for the next mining and oil investment theme to maintain the momentum.
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.