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

Corporate Finance DealsView all

Matsa Resources

Matsa buys Saracen’s Red October

Business News Business News
26 Sep 2017

Northbridge-based Matsa Resources has signed an agreement to acquire Saracen Mineral Holdings’ Red October gold mine near Laverton for about $2 million in cash and shares.

Tiger Resources

Tiger signs $23m facility

Business News Business News
26 Sep 2017

Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans.

Seven Group Holdings

Seven completes $375m raising

AAP AAP
Business News Business News
21 Sep 2017

Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.

AVZ Minerals

Juniors in $26m of deals

Matt Mckenzie Matt Mckenzie
19 Sep 2017

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

Gascoyne Resources

Gascoyne in $60m facility for gold project

Fraser Beattie Fraser Beattie
18 Sep 2017

Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.

Most CommentedView all

Forrest calls on ARU chairman to quit

AAP AAP
30 Aug 2017

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Perth Airport

Playing catch-up not a winning strategy

Tim Treadgold Tim Treadgold
14 Sep 2017

OPINION: As technology increasingly cuts out the middleman, the WA government’s investment in facilities at Perth Airport may have short-lived benefits.

Crowdfunding sought for WA GST legal fight

AAP AAP
28 Aug 2017

A Western Australian Liberals-led High Court challenge over the state's GST share will be partly financed by crowdfunding.

Synergy

Synergy loss as gas, power sales fall

Matt Mckenzie Matt Mckenzie
14 Sep 2017

State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.

Lease Equity

City retail revamp aims to rival the ’burbs

Katie McDonald Katie McDonald
28 Aug 2017

SPECIAL REPORT: Property groups are chasing retail opportunities in Perth’s CBD with a pipeline of upgrades and developments worth more than $250 million.

Politics & the EconomyView all

Puma Energy

Dunsborough Puma planning stoush persists

Katie McDonald Katie McDonald
22 Sep 2017

The two-year saga over a proposed 24-hour Puma fuel station in Dunsborough has taken a new turn, with the Southern Joint Development Assessment Panel lodging an appeal in the Supreme Court against the State Administrative Tribunal’s ruling in favour of the development.

Chamber of Commerce and Industry of WA

Ritter to head IR review

Matt Mckenzie Matt Mckenzie
22 Sep 2017

Unions and businesses have welcomed a review of Western Australia’s industrial relations system, the only remaining state-based scheme operating in parallel with federal laws in the country.

Shire of Serpentine Jarrahdale

Bio Organics founder seeks council seat

Fraser Beattie Fraser Beattie
21 Sep 2017

Benjamin Avila hopes that winning a seat on the Shire of Serpentine Jarrahdale council will enable him to assist businesses avoid the fate that befell his.

Synergy

State aims for 50% women on boards

Fraser Beattie Fraser Beattie
20 Sep 2017

The state government has set itself the target of increasing the number of women appointed to its boards, committees and advisory bodies to 50 per cent by 2019, though it has a long way to go before hitting gender equality at its major trading enterprises.

KPMG

Visa changes move goals for business

Katie McDonald Katie McDonald
18 Sep 2017

SPECIAL REPORT: Stricter visa rules are making it harder for businesses in WA to explore overseas options to meet their skilled labour needs

Upcoming Business News EventsView all

Success and Leadership - Professor Fiona Wood

Hyatt Regency Perth - 28 November 2017

40under40 - ENTER NOW

Winners announced - 07 March 2018

PropertyView all

RSM

Fresh take for RSM near the quay

Katie McDonald Katie McDonald
26 Sep 2017

Fostering a collaborative and interactive workplace culture was a key driver behind the design of RSM’s new office space at Exchange Tower.

ABN Group

BGC out of HIA 100

Mark Beyer Mark Beyer
22 Sep 2017

Dale Alcock’s ABN Group has been listed as the largest residential builder in WA in the latest Housing Industry Association top 100 ranking, but more intriguing is the disappearance of long-time industry leader BGC and the inaugural listing of Ventura Home Group.

Property Council of Australia

B-grade buildings in limbo

Katie McDonald Katie McDonald
22 Sep 2017

A new vacancy index has provided a different perspective on vacant office space across Perth’s metropolitan region.

Urban Development Institute of Australia WA

Transport noise policy revamp

Katie McDonald Katie McDonald
20 Sep 2017

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

Liar loans symptomatic of poor home loan practices

Tim Treadgold Tim Treadgold
20 Sep 2017

ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.

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.
27 Sep 2017 | @ 06:30pm
Carbon Group's Monthly Sundowner - September
28 Sep 2017 | @ 09:00am
[MASTERCLASS] Content Content Content – Creation, Curation & Strategies
03 Oct 2017 | @ 08:15am
Employee engagement and the impact on workers compensation costs
04 Oct 2017 to 10 Oct 2017 | @ 08:45am
Company Directors Course
04 Oct 2017 | @ 09:00am
[Masterclass] Facebook Marketing: Insights to the Mighty Beast
04 Oct 2017 | @ 09:00am
Change Management: An Executive MasterClass with STARTConsulting and Business Women Australia
04 Oct 2017 | @ 09:00am
DIGIMARCON AUSTRALIA 2017 - Digital Marketing Conference
04 Oct 2017 | @ 12:00pm
Lunch 'n' Learn: Leadership in Workplace Health and Wellbeing
04 Oct 2017 | @ 12:00pm
WA Mining Club Luncheon with Barry Fitzgerald, CEO, Roy Hill Holdings
04 Oct 2017 | @ 04:30pm
2017 GIWA Forum

Arts & CommunityView all

Perth Institute of Contemporary Arts

Art scene: Proximity Festival

Tori Wilson Tori Wilson
22 Sep 2017

With the development of new projects in Perth’s east end under way as part of the Historic Heart project led by Adrian Fini, it is perhaps fitting that the Proximity one-on-one performance arts festival will take place at Cathedral Square for 2017.

Margaret River Chocolate Company

Entrepreneurs stitch-up sweet live music deal

Katie McDonald Katie McDonald
12 Sep 2017

A Murray Street basement once home to the pattern cutters and seamstresses of Perth fashion label Pierucci is set to become the city’s newest live music venue, The Sewing Room.

Artist in residence with Hugh Brown

Tori Wilson Tori Wilson
12 Sep 2017

Documentary photographer Hugh Brown first picked up a camera in 1998 when he fell in love with Western Australia’s red-earthed Kimberley, and the journey that started nearly two decades ago shows no sign of ending.

Satterley Property Group

Creative approach to community change

Matt Mckenzie Matt Mckenzie
04 Sep 2017

SPECIAL REPORT: On the runway and in the shopfront, fashion has become an instrument for changemakers who want to make a difference in the community.

Empire Rose

Offshore, onshore success by design

Matt Mckenzie Matt Mckenzie
04 Sep 2017

SPECIAL REPORT: Whether they’re manufacturing locally or abroad, WA fashion designers and garment makers are still winning contracts and stockists here and overseas.

Featured PhotographsView all

$1.46 billion Multi-purpose Perth Stadium
The first brewery in northern suburbs Whitfords Brewing Company opened on the 21st of September.
Shark Bay from above
Welcome to Carnarvon
Common facilities - rooftop sky garden
Curtin HIVE recently held one of the first studies of its kind to explore the effects of sensory cues in retail stores on consumer emotions
The research found that sensory cues evoke greater intensity of emotions, which enhances consumers’ attitudes towards the brand and likelihood of purchase
Steel Blue's Malaga facility produces 200 pairs of made-to-order boots a day.
Steel Blue's Malaga facility produces 200 pairs of made-to-order boots a day.
Steel Blue's malaga facility produces 200 pairs of made-to-order boots a day.

EnergyView all

Stochastic Simulation

Stochastic into liquidation

Matt Mckenzie Matt Mckenzie
22 Sep 2017

Oil and gas software developer Stochastic Simulation has gone into liquidation, about five months after it went into receivership, with secured creditors likely to receive about 4 cents in the dollar in a best-case scenario.

Horizon Power

Horizon beats subsidy cut target

Matt Mckenzie Matt Mckenzie
15 Sep 2017

State-owned regional power provider Horizon Power has recorded a $35.4 million net profit for the year to June, while hitting its targeted reduction of government subsidies more than a year ahead of time.

Synergy

Synergy loss as gas, power sales fall

Matt Mckenzie Matt Mckenzie
14 Sep 2017

State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.

Empire Oil & Gas

Empire production assets under receivership

Matt Mckenzie Matt Mckenzie
14 Sep 2017

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Turnbull to stare down energy revolt on backbench

AAP AAP
13 Sep 2017

Malcolm Turnbull is staring down coalition backbenchers concerned that a proposed clean energy target could push up power prices and undermine coal-fired power.

"Mark My Words" PodcastsView all

26 September 2017

Stephanie Buckland enjoys the challenges of change, and has brought a wide range of professional experience to her current role as Amana Living CEO.
22 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Perth house prices, CBD developments, charity funding and Lotterywest, Perth Stadium and the gold sector.
15 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Nev Power leaving FMG, safe harbour legislation, women on WA boards, stamp duty setback and labour markets.

11 September 2017

Tertiary education may not have sat comfortably with Justin Miller, but his connections to Curtin University have played an important role in the development of his Sensear and Nuheara businesses.

08 September 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss the state budget, contractor collapses, Lisa Scaffidi, advertising industry, ageing population and corporate wellness.

Food & WineView all

Scentre Group

Opportunity brewing at Whitfords

Katie McDonald Katie McDonald
21 Sep 2017

The recent revamp of Westfield Whitford City’s hospitality precinct crafted the perfect business opportunity for Beerland Brewing to open its second venue today.

Aldi

WA considers minimum price on alcohol

AAP AAP
20 Sep 2017

The state government is considering enforcing a floor price on takeaway booze to stop people getting drunk on cheap alcohol, but the opposition says it is a cost impost on households and red tape burden on businesses.

Fraser Suites Perth

WA venues win national awards

Katie McDonald Katie McDonald
20 Sep 2017

Four Perth hotels and hospitality businesses, including Fraser Suites and the State Buildings, have been named best in their field at the annual Australian Hotels Association National Awards for Excellence.

Cheeky Monkey Brewing Co

Cheeky Monkey on board Singapore Airlines flights

Tori Wilson Tori Wilson
19 Sep 2017

Margaret River's Cheeky Monkey Brewery Co is celebrating today with news Singapore Airlines will offer its locally brewed craft beer on business class flights between Perth and Singapore.

Burch Family Wines

Howard Park Wines sparkles in world championship win

Tori Wilson Tori Wilson
15 Sep 2017

Howard Park Wines recently flaunted its fizz at the Champagne & Sparkling Wine World Championships held in London, with its Jeté label winning the award for ‘best Australian sparkling wine’.

Special ReportsView all

Gold prospects

Gold prospects

26 September 2017

Royalty hike threatens big spending plans.

Royalty rise puts damper on gold spend plans

Royalty rise puts damper on gold spend plans

Fraser Beattie
26 Sep 2017
Emerging producers tackle challenges

Emerging producers tackle challenges

Fraser Beattie
26 Sep 2017
Recruitment sector

Recruitment sector

18 September 2017

WA recruiters diversify business models

Recruiters adapt to a changing marketplace

Recruiters adapt to a changing marketplace

Katie McDonald
18 Sep 2017
Visa changes move goals for business

Visa changes move goals for business

Katie McDonald
18 Sep 2017
Well at Work 2017

Well at Work 2017

11 September 2017

Employers lift the bar

Workplace wellness and culture a virtuous circle

Workplace wellness and culture a virtuous circle

Tori Wilson
11 Sep 2017
Wellness program targets Fifo isolation

Wellness program targets Fifo isolation

Tori Wilson
11 Sep 2017
WellteQ chasing global opportunity

WellteQ chasing global opportunity

Mark Beyer
11 Sep 2017
Fashion 2017

Fashion 2017

04 September 2017

Offshore, onshore success by design

Offshore, onshore success by design

Matt Mckenzie
04 Sep 2017
Creative approach to community change

Creative approach to community change

Matt Mckenzie
04 Sep 2017
Retail Property 2017

Retail Property 2017

28 August 2017

Investment surge continues

Lifestyle offerings prominent in $5bn retail centres upgrade

Lifestyle offerings prominent in $5bn retail centres upgrade

Katie McDonald
28 Aug 2017
City retail revamp aims to rival the ’burbs

City retail revamp aims to rival the ’burbs

Katie McDonald
28 Aug 2017

MiningView all

Chamber of Minerals and Energy of Western Australia

ASX rejects gold royalties ‘Tanzania’ claim

Mark Beyer Mark Beyer
26 Sep 2017

The Australian Securities Exchange has asked the Chamber of Minerals & Energy of Western Australia to retract a statement claiming the ASX could force listed gold miners to suspend trading in their shares because of the planned increased in WA's gold royalty.

Kasbah Resources

Clark to lead Kasbah

Business News Business News
26 Sep 2017

Tin explorer Kasbah Resources has recruited former Wolf Minerals boss Russell Clark as its new chief executive.

Blackham Resources

Emerging producers tackle challenges

Fraser Beattie Fraser Beattie
26 Sep 2017

SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state’s emerging miners wrapped-up a busy 12 months.

Saracen Mineral Holdings

Royalty rise puts damper on gold spend plans

Fraser Beattie Fraser Beattie
26 Sep 2017

SPECIAL REPORT: The gold royalty hike proposed in this month’s state budget has stunned the sector, amid big spending plans for the year ahead.

Barminco

Barminco recruits Thiess exec as CEO

Business News Business News
22 Sep 2017

Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.

OpinionView all

Ducks line up for outer harbour

Mark Pownall Mark Pownall
26 Sep 2017

OPINION: Value to the community is not always about maximising price

Labor faces upper house highwire act

Peter Kennedy Peter Kennedy
22 Sep 2017

OPINION: Labor will need to compromise if its budget plans are to pass the parliament, and a push for upper house reform may not be out of the question.

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
22 Sep 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Perth house prices, CBD developments, charity funding and Lotterywest, Perth Stadium and the gold sector.

This week's property round-up

Dillon Kanbi Dillon Kanbi
21 Sep 2017

OPINION: Sales activity experienced an expansion over the week, with Reiwa members reporting an increase in weekly sales to 583.

Targeted tech funding vital

Marcus Holmes Marcus Holmes
19 Sep 2017

OPINION: While the dollar amounts are small, the recent state budget contained some positive news for startups and the tech sector.

RetailView all

Kathmandu lifts profit by 14%

AAP AAP
26 Sep 2017

Adventure gear retailer Kathmandu's annual profit has risen 13.5 per cent, thanks to strong sales, innovative products and cost cuts.

Wesfarmers

Remuneration boost for Goyder, Mackenzie

AAP AAP
20 Sep 2017

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

Myer

Perth stores safe, for now, as Myer cuts back

AAP AAP
14 Sep 2017

Myer's six Perth stores appear to have escaped the chop, with the retailer instead closing an additional three interstate stores as it struggles to turn around sluggish sales amid weak consumer spending and growing industry competition.

Blossoming Profresh a cut above

Katie McDonald Katie McDonald
06 Sep 2017

Floral wholesaler Profresh has grown from a one-person business into a team of almost 15, generating $3 million in revenue in just its second year of commercial operations

Automotive Holdings Group

AHG profit down but outlook positive

Business News Business News
25 Aug 2017

Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.

Most viewed people

Tony Iannello

Tony Iannello

Non-Executive Chairman, Empire Oil &
Gas
Chairman, D'Orsogna
Non-Executive Director, ERM Power

Xi Xi

Xi Xi

Non-Executive Director, Zeta Resources
Non-Executive Director, Mineral Resources

Oliver Cairns

Oliver Cairns

Non-Executive Director, Galena Mining
Managing Director, Pursuit Capital

Stephen Johns

Stephen Johns

Non-Executive Director (Non-Executive Chair since 2014), Brambles

Thought LeadershipView all

Want to lower costs AND improve productivity by 30%?

Alex Hu Alex Hu
14 Sep 2017

In 2007, Google created a dedicated analytics team to support their People Operations (Human Resources) function and thus coined the term people analytics.

NEC Australia

FOCUS ON CYBER SECURITY

Marcus Ashby Marcus Ashby
12 Sep 2017

Leading-edge data and information security services are needed at a time when cyber threats are ever-present, and growing. 

Maritime issues In The Zone

Gordon Flake Gordon Flake
04 Sep 2017

The annual ‘In The Zone’ conference encourages Western Australians to think globally and, specifically, to look north.

Babies and Business are not Mutually Exclusive

Melanie Bridge Melanie Bridge
17 Aug 2017

Nearly two in every five employees have caring responsibilities for children; so, chances are your business employs one or more working parents.

City of Joondalup

Will the right location give your small business the edge?

Garry Hunt Garry Hunt
08 Aug 2017

According to the recent Bankwest Curtin Economics Centre report entitled “The Engine Room for Growth? - The Role, Performance and Future Prospects of Small Business in Western Australia”, small business accounts for 97 per cent of all businesses in the State, has a value added contribution of $39.7 billion, and accounts for 41 per cent (512,000 persons) of WA’s overall employment.