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Business News - Business, finance, political, & economic news.

Corporate Finance DealsView all

Midway invests in WA biomass

Victorian forestry company Midway has announced plans to invest up to $8 million in two Western Australian biomass companies.

Irvine takes control of Beaumonde

Perth businessman Neil Irvine has moved to full ownership of Beaumonde Catering after buying out former managing director Brian Leyden.

Navitas up 21% on $2bn takeover

Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.

Lions share of Australian dairy for sale

Australian company Lion Dairy and Drinks, which owns WA dairy business Masters, is up for sale by its Japanese owners following a month-long review.

Wood & Grieve acquired by Stantec

Wood & Grieve Engineers is set to be acquired by international company Stantec, nearly 60 years after the Perth-based company was established.

Most CommentedView all

Govt unveils marina, dust plans for Port Hedland

The state government is planning to restrict new residential developments in the west end of Port Hedland while also implementing a new regulatory framework for air quality in the town, which is located adjacent to large iron ore stockpiles.

House values forecast to decrease to 2020

New research from Moody's Analytics has forecast Perth house values to fall slightly in 2018, and again in 2019, before a slow recovery in 2020.

Austal signs $1.6bn US Navy contract

Months after being overlooked by the Australian government for local naval contracts, Henderson-based Austal has achieved more success in the US, securing a $1.6 billion contract to build two ships for the US Navy.

WA govt moves to ban online lotteries

Moves are under way in Western Australia to ban online lottery betting organisations, with the state government saying it will protect Lotterywest and minimise harm to at-risk gamblers.

Envy card a losing hand

Opinion: The improvement in quality of life and opportunity for all but a few over recent decades shows the true progress towards a more inclusive society.

Politics & the EconomyView all

GST changes to ensure no state worse off

The prospects of a GST overhaul have been given a boost today, after the federal government said the proposed legislation would include safeguards to ensure every jurisdiction will be in a better financial position over a set period.

Julie Bishop on leadership, women and her future

Former foreign affairs minister Julie Bishop says it’s too early to speculate if she’d run for the Liberal leadership after the next election, but she believes the party needs to do more to recruit women and keep a broad base of talent, speaking at today’s Success & Leadership breakfast.

Govt to sell TAB, tax WA betting

The state government has announced it will proceed with the sale of gaming agency TAB and introduce a new 15 per cent consumption tax on all betting in Western Australia.

Migration powers to be used in plan: PM

Prime Minister Scott Morrison says the government can use its migration powers to force people towards regional areas instead of Sydney and Melbourne.

States pushing back against GST changes

Federal Labor is hoping influential Senate crossbenchers deliver crucial support for a push to guarantee no state or territory will be worse off under new GST revenue carve-up arrangements.

Upcoming Business News EventsView all

The Westin Ballroom - 24 October 2018

PropertyView all

Low-income, older renters face hurdles

Two fresh studies warn vulnerable renters are locked out by structural challenges in the market.

Perth retains most affordable mantle

A new Housing Industry Association report has again labelled Perth as the most affordable capital city in Australia, but says WA’s first home buyers grant is not having the desired effect.

Neil Hamilton to chair BGC Australia

BGC Australia has appointed three high profile independent non-executive directors to help advise the family-owned business empire as it enters a global sale process.

Property deals wrap

In the latest property deals wrap, three sites are on the market, including Aldi in Wattle Grove, 675 Murray Street and a 20-hectare slice of land in the Shire of Serpentine Jarrahdale, while an industrial site in Welshpool recently sold for $2.8 million.

Shopping centres’ big sales

Several major deals in recent months mark a surge of activity in the shopping centre space.

WA Event CalendarView all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, complete the online submission form.

Arts & CommunityView all

Chief scientist to chair Lotterywest, Healthway

The state government has today announced the appointment of chief scientist Peter Klinken as chair of both Lotterywest and Healthway, continuing the gradual integration of the two organisations.

MACA ride for cancer tops $4 million

The seventh annual MACA Ride to Conquer Cancer has raised $4.1 million, bringing the total amount raised by the event to over $31.8 million.

Moana finds form in new spaces

Artist-run initiative Moana Project Space has announced its first major exhibition since its Hay Street Studios closed last November.

Perron, Fini win philanthropy awards

Stan Perron and Michela Fini won individual awards at the second annual State Arts and Culture Partnership Honours announced last night.

Lighting the way for Anzac tourism

An Anzac memorial has been brought to life through an immersive light-based art installation initiated by cultural organisation FORM and the City of Albany.

EnergyView all

ERA approves Pilbara power line

Alinta has received regulatory approval to build a transmission line linking the Roy Hill mine to Fortescue’s Cloudbreak and Christmas Creek mines, a move that would enable the iron ore miner to continue its shift away from diesel power.

Pacific for Gwalia power job

Pacific Energy has been awarded a contract to install additional generation capacity at St Barbara's Gwalia gold mine as part of an expansion project.

Ellis to lead battery charge

Stedman Ellis has been picked as interim chief executive for the proposed Future Battery Industries Cooperative Research Centre to be headquartered in Western Australia, and will leave oil and gas lobbyists APPEA on Friday.

Bechtel for Pluto train 2

Woodside Petroleum has picked Texas-based Bechtel as the most likely contractor to build a new LNG train at its Pluto facility near Karratha, but has hit a hurdle in approvals for an associated fly-in fly-out camp.

Carnegie CEO departs, asset sales to be renegotiated

Carnegie Clean Energy’s long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

"Mark My Words" PodcastsView all

12 October 2018

PODCAST: In this podcast Mark Pownall and Mark Beyer discuss investment market volatility, property prices, BGC, Navitas heads three major deals in the offing, restaurant awards, Beaumonde Catering, Julie Bishop, and our special report on ICT infrastructure

05 October 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss ScoMo’s visit, Rio Tinto invests, mining contractor wins, BN30’s all time high, Scarce Skills and labour costs, shopping centre acquisitions, Chevron HQ, building approvals and our special this week on corporate finance deals.

28 September 2018

PODCAST: Mark Beyer and Matt Mckenzie discuss the possible revival of the Oakajee port project, WA’s strong jobs market, four vanadium projects, gold miner Eastern Goldfields saved from the brink, University rankings, the outlook for residential housing, and how apartment builders are outperforming house builders.

21 September 2018

In this podcast Mark Pownall talks to Kristen Turnbull from CoreData about her specialist subject of market research, most notably the impact of the current Royal Commission on banks and financial services businesses.

21 September 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss government contractor failures, house prices, population growth, LNG revival, Austal, performance share winners, and our special report on tourism.

Food & WineView all

Regional restaurants beat Perth in Food Guide

Regional restaurants have received the top accolades in Western Australia, as the national Good Food Guide released its 2019 edition.

Winemaker gives up fight with Peru

A Margaret River winemaker has given up a fight with the Peruvian government, claiming the South American country has bullied him out of the use of the name Pisco.

WA wineries taste more success

Western Australian wineries have continued their recent run of success, with Howard Park’s Janice McDonald crowned the Gourmet Traveller winemaker of the year and Frankland Estate's Judi Cullam claiming the Len Evans award last night.

Bajaj games-out growing his dominion

Saran Bajaj is combining his love of arcade games with staple bar offerings of cocktails and pizza at his new venue, Palace Arcade.

Lamont in for Langoulant at Committee for Perth

John Langoulant will retire as chair of advocacy group Committee for Perth in November, to be replaced by businesswoman Kate Lamont.

Special ReportsView all

Corporate finance September 2018

Corporate finance September 2018

08 October 2018

Review of September quarter deals.

Gold revival boosts deal flow
Mining, energy take IPO reins
Fashion 2018

Fashion 2018

10 September 2018

Local fashion players look at overseas markets.

Designers plan global  assault
Jessica Gomes grows to Asia

MiningView all

White Cliff plans $2.3m raising

White Cliff Minerals has announced plans to raise up to $2.3 million to fund exploration at the company’s gold deposit in Central Asia and across its Western Australian assets.

Saracen posts quarterly record

Gold miner Saracen Mineral Holdings has posted record production for the September quarter and says it will now begin to ramp-up exploration spending.

Rio Tinto Q3 output dips on safety halt

Big miner Rio Tinto said its third-quarter iron ore shipments have fallen about five per cent, hurt by planned maintenance and safety pauses across all operations following a fatality.

Northern Minerals in $27m deal

Northern Minerals has announced a $27 million funding package, which includes a $25 million investment from a Chinese rare earth company.

Bis in acquisition, SMS merges with Rivet

Perth-based Bis has acquired mining services company UGM, while SMS Mining Services has merged with haulage provider Rivet Group.

OpinionView all

Mark my words podcast

PODCAST: In this podcast Mark Pownall and Mark Beyer discuss investment market volatility, property prices, BGC, Navitas heads three major deals in the offing, restaurant awards, Beaumonde Catering, Julie Bishop, and our special report on ICT infrastructure

Happiness is your decision

Opinion: Stop blaming your run of outs on others; how you respond to challenges is entirely up to you.

Opportunities for micro-LNG

Opinion: Investment bank Credit Suisse says there could be a new micro-LNG train getting ready to roll in WA, and smaller players such as Beach Energy could be in the driver’s seat.

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss ScoMo’s visit, Rio Tinto invests, mining contractor wins, BN30’s all time high, Scarce Skills and labour costs, shopping centre acquisitions, Chevron HQ, building approvals and our special this week on corporate finance deals.

AAA retention a challenge for Labor

Opinion: Having made solid progress in reducing its budget deficit, the pressure is on the state government to introduce structural economic reform.

RetailView all

Coles spin-off chief to head Officeworks

Wesfarmers has appointed a new managing director to run office supplies business Officeworks, with Sarah Hunter from Coles stepping into the role.

Retail reward for Quick Flick

A retail deal with Priceline Pharmacy is the latest win for local makeup business The Quick Flick, which was launched last year by Perth university student turned entrepreneur Iris Smit.

SCA in $270m Perth shopping spree

Sydney-based SCA Property Group has purchased four Perth shopping centres for a combined $269.4 million as part of a larger deal with ASX-listed Vicinity Centres.

DVG owner expands to east coast

Three years after taking a majority stake in Perth company DVG Automotive Group, Japanese outfit IDOM has made its first move into the east coast car market, purchasing Melbourne-based Andrews & Wallis Motor Group.

Govt cuts back Christmas trading hours

The Chamber of Commerce and Industry of WA has lashed the state government’s decision today to reduce extended Christmas trading hours as applied last year.

SkylineView all

Skyline

Property Council cautiously backs noise reforms

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

Hibernian Place tops UDIA awards

BGC Development’s Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year’s Urban Development Institute Australia WA awards.

Regus takes space at new Raine Square office

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

Access key at Linc industrial estate

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

The Village Margaret River on the market

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

Bulls N' BearsView all

Bulls N' Bears

BlackEarth has large flake graphite in Madagascar

BlackEarth Minerals’ initial metallurgical test work has produced a high grade 96% TGC concentrate with large flake graphite making up more than 52% of its content from composite material obtained from the Razafy prospect. Test work is ongoing on both oxide and primary ore mineralisation from Razafy to establish a preliminary flow sheet design for the current scoping study.

High vanadium recoveries from King River’s Speewah ores

King River Copper has reported encouraging recoveries of vanadium, titanium and iron from separate programs of metallurgical test work underway on ore composites from its flagship Speewah project, located in the Kimberley of WA. The company is seeking the most commercially viable processing route for the ores and to determine the suite of downstream products it can technically generate for the market from the massive project.

Blackstone identifies priority target in Canada

Blackstone Minerals has identified the Jewel copper-gold-cobalt prospect in British Columbia as its highest priority drill target after soil sampling identified a 1.5km long copper-gold-cobalt target that sits over a recently identified IP anomaly, that was interpreted to be a potentially large sulphide bearing body. New surface rock chip samples at the Jewel prospect have also returned results of up to 5.6% copper.

High grade vanadium upgrade to Venus’ Youanmi ores

Venus Metals’ preliminary beneficiation test work has increased the grade of an oxide composite sample from its Youanmi vanadium project in the Murchison region of WA from 0.58% V2O5 to 0.8% V2O5. This allowed 40% of the mass to be rejected, which could reduce the downstream processing volume and acid consumption. It could also allow Venus to avoid the high capital and operating costs associated with mill processing.

Altech secures vital HPA production patent

Altech Chemicals has been awarded a key patent from the Australian Patent Office for its proprietary process for the production of high purity alumina from all types of aluminous clay including kaolin, using hydrochloric acid. This enables the company to protect its intellectual property as it progresses development of its proposed HPA plant in Malaysia and associated kaolin mine near Meckering in WA.

Thought LeadershipView all

NEXTDC helping WA customers de-risk their business and futureproof their IT

Five years ago, prior to joining NEXTDC, I met with the company’s CEO, Craig Scroggie whilst he was in Perth. Given NEXTDC had no data centre in Perth, I asked him what brought him to town. We spent hours discussing his elaborate vision for the data centre industry and how he would like to build business for NEXTDC here in Perth and across Australia.

Breast Cancer Research Centre-WA – Reshaping the future of breast cancer treatment.

There’s a lot of talk in the media about breast cancer with many charities devoted to its causes and treatment.

Are your many hats costing you over $100,000 per annum?

Business owners today realise how dependent they are on the talent and motivation of their employees to help their business grow and succeed.

Driving tourism dollars to your destination

It’s been more than 20 years since Bill Gates declared “content is king”, and much has changed in the social and global market since then.

Peel Business Park, Western Australia’s new home of agri-innovation and industry

The future of land development is squarely focused on innovation and sustainability. Peel Business Park in Nambeelup is a leading example, providing unlimited potential to savvy investors and developers of agri-innovation and ancillary industries.