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

25 Mar 2019

SPECIAL REPORT: Low awareness of cyber security risks remains a key issue for the business sector.

Sandfire Resources

Sandfire to spend up to $30m in Alaska JV

25 Mar 2019

Sandfire Resources has announced an earn-in and joint venture option agreement with ASX-listed White Rock Minerals for a stake of up to 70 per cent in the multi-commodity Red Mountain project in central Alaska.

Dacian Gold

Equipment problems to hit Dacian production

25 Mar 2019

Dacian Gold has lowered its full-year production forecast at its Mt Morgans gold project by up to 16 per cent, due to an equipment shortage at the mine.

Nuheara

Nuheara’s NHS optimism silenced

25 Mar 2019

Shares in Nuheara fell by as much as 27 per cent today after the UK’s National Health Service removed the company's IQbuds Boost hearing bud from its hearing aid category.

Jupiter Mines

Jupiter weighs up iron ore options

25 Mar 2019

Jupiter Mines has tapped Hartleys to act as a corporate adviser, as the company re-evaluates its Central Yilgarn iron ore projects in light of improved iron ore market conditions.

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Corporate Finance DealsView all

Sandfire Resources

Sandfire to spend up to $30m in Alaska JV

25 Mar 2019

Doray Minerals

Doray shareholders overwhelmingly support merger

St John of God Subiaco Hospital

22 Mar 2019

Over 99 per cent of Doray Minerals' shareholders have voted in favour of the company’s proposed $615 million merger with fellow locally-based gold miner Silver Lake Resources.

Curve buys Progressive Medical

22 Mar 2019

Digital healthcare agency Curve Tomorrow has expanded into Perth through the acquisition of Progressive Medical.

Blackham Resources

Blackham to raise $26m to help pay off debts

21 Mar 2019

Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners.

Crusader Resources

Crusader sells Juruena to Meteoric for up to $3.5m

20 Mar 2019

Meteoric Resources has struck a deal to pay up to $3 million in cash and scrip for Crusader’s Resources Juruena and Novo Astro gold projects, and Crusader has increased the underwriting of its $4.2 million rights issue by $1 million.

This week's most viewedView all

Perth becoming a cheaper place to live

19 Mar 2019

Perth is shaking off its reputation as an expensive place to live, dropping 18 positions to be 64th of 133 cities surveyed in a new report by The Economist magazine.

Northern Star Resources

Beament sells $22m stake

21 Mar 2019

Northern Star Resources executive chairman Bill Beament has sold about $22 million worth of shares in the gold miner, as part of a Family Court settlement.

BHP Group

BHP starts $1.2m Brookfield logo upgrade

19 Mar 2019

The replacement of the logo at the top of Perth’s second tallest skyscraper has commenced, after BHP Group changed its name from BHP Billiton in November.

Far East Consortium

Far East’s Perth projects raise bar

20 Mar 2019

Residents will start moving into Far East Consortium’s premium apartments project The Towers at Elizabeth Quay before the end of the month, with the Hong Kong-headquartered developer shifting focus to its Perth Hub at Perth City Link as its Ritz-Carlton Hotel also nears completion.

CITIC Pacific Mining

Judge labels Palmer/CITIC dispute a waste

21 Mar 2019

Supreme Court justice Kenneth Martin has slammed the long-running legal battle between Clive Palmer’s Mineralogy and CITIC Pacific Mining as a massive, unnecessary waste of judicial resources, with both parties bearing responsibility.

Politics & the EconomyView all

Gold up as growth fears dent risk appetite

25 Mar 2019

Gold prices are up as weak economic data from the euro zone exacerbates fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.

Oil prices dip further on demand worries

25 Mar 2019

Oil prices have fallen about two per cent as focus shifts to a lack of progress in US-China trade talks and as grim manufacturing data from Germany and the US reignited fears of a slowdown in the global economy and oil demand.

EU agrees to extend Brexit date

22 Mar 2019

Worn down by three years of indecision in London, European Union leaders have grudgingly offered the UK more time to ease itself out of the bloc, delaying by several weeks - but not eliminating - the threat of a chaotic British exit.

Oil near 2019 peak as supplies tighten

22 Mar 2019

Oil fell nearly one per cent overnight but held near 2019 highs, supported by a tightening of global stocks, OPEC production cuts and US sanctions on key producers Iran and Venezuela.

Gold slips as jobs data lifts US dollar

22 Mar 2019

Gold prices dipped overnight in volatile trade after hitting three-week highs earlier in the session as a set of better than expected US data lifted the US dollar, while palladium notched a record peak on supply concerns.

PropertyView all

ANZ Banking Group

Affordable housing body offers $315m of loans

22 Mar 2019

More affordable housing will soon be available to some struggling Australians, with a federal agency offering community housing providers $315 million worth of loans at cheaper-than-average rates.

JLL

SMEs join suburbs to CBD office flight

20 Mar 2019

Small to medium enterprises have joined the unrelenting migration of firms moving from the suburbs to Perth’s CBD, with affordability in the central city office market described as unprecedented.

Far East Consortium

Far East’s Perth projects raise bar

20 Mar 2019

Rosewood Care Group

Pindan wins $70m aged care build

20 Mar 2019

Aged care group Rosewood has appointed Pindan for its latest build, a $70 million facility to be built on Cleaver Street in West Perth that will include a restoration of the heritage-listed Florence Hummerston Lodge.

BHP Group

BHP starts $1.2m Brookfield logo upgrade

19 Mar 2019

The replacement of the logo at the top of Perth’s second tallest skyscraper has commenced, after BHP Group changed its name from BHP Billiton in November.

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.

28 Mar 2019 | @ 08:30am

WSBA Members Only Catch Up! Someday Coffee Co.

28 Mar 2019 | @ 11:00am

BULLSBROOK BUSINESS EXPO

28 Mar 2019 | @ 12:00pm

WA Mining Club March Luncheon

28 Mar 2019 | @ 04:30pm

Member discussion group: Governance reforms alert

28 Mar 2019 | @ 05:00pm

Smart Women Smart Money Panel Event

29 Mar 2019 | @ 07:30am

Growing the U.S. - Australia partnership: priorities and opportunities

29 Mar 2019 | @ 08:00am

43rd Annual Rottnest Forum

29 Mar 2019 | @ 12:00pm

Women in Governance Luncheon - with Carmelina Fiorentino

29 Mar 2019 | @ 03:00pm

Content is King - Creating meaningful content that captivates

01 Apr 2019 | @ 01:00pm

Winning with Facebook for Small Business (Beginner)

Arts & CommunityView all

WA Symphony Orchestra

Taking the symphony into a new world

22 Mar 2019

Asher Fisch has been keenly aware of the need to lift the public profile and reputation of the WA Symphony Orchestra since he became its artistic leader five years ago.

Curtis leads philanthropic shift

14 Mar 2019

40under40: Alicia Curtis credits her years of community involvement as providing the foundations of her passion for philanthropy.

Alzheimer's WA

Local focus for dementia care

13 Mar 2019

After a turbulent year shifting from a national partnership, Alzheimer’s WA is leading the charge to help WA communities deal with the growing number of dementia sufferers.

Delivering the Karijini experience

07 Mar 2019

A Pilbara not for profit is using the Karijini Experience to boost its social enterprise arm, while shunning sponsorship from mining companies.

Mineral Resources

Mineral Resources wins naming rights for Eagles' nest

01 Mar 2019

The West Coast Eagles’ new $50 million training facility in Lathlain is now known as Mineral Resources Park, with the diversified mining group signing a sponsorship deal with the reigning AFL Premiers.

Featured PhotographsView all

Jessica Gethin, Perth Symphony Orchestra chief conductor and artistic director.

Perth Symphony Orchestra chief conductor and artistic director.

Fremantle Ports

Hadiqa Moroccan Restaurant & Bar at Hibernian Place

Meeting room and rooftop

Success & Leadership breakfast with Chris Sutherland, Programmed

Element office kitchen

The Melbourne Hotel

Conservatory

Riff powered by SpaceCubed

Riff powered by SpaceCubed

EnergyView all

Carnegie Clean Energy

Mooney throws Carnegie a lifeline

18 Mar 2019

Carnegie Clean Energy company secretary and non-executive director Grant Mooney has agreed to help fund the company’s operations, while administrators KordaMentha attempt to recapitalise its core wave energy business.

Carnegie Clean Energy

Carnegie enters administration

15 Mar 2019

Carnegie Clean Energy has gone into voluntary administration, three days after the state government withdrew funding for its Albany Wave project.

Woodside Petroleum

Uncertainty hangs over Browse, Scarborough emissions

13 Mar 2019

Woodside Petroleum has warned it would need to ramp down production at the Burrup Hub in the mid 2020s if the state government does not land on an emissions policy that would support the company’s $46 billion of backfill projects.

Chevron

Chevron picks Aker for Jansz-Io design work

Environmental Protection Authority

12 Mar 2019

A second major project to backfill gas into the Gorgon LNG plant on Barrow Island is on the horizon, with Chevron appointing Norway-based Aker Solutions for front end engineering and design work on the Jansz-Io compression project.

WA govt rejects EPA carbon neutral advice

AAP Business News

08 Mar 2019

A recommendation by Western Australia's environmental watchdog that new emissions-intensive projects should be carbon neutral has swiftly been rejected by the state government.

"Mark My Words" PodcastsView all

22 March 2019

PODCAST: Mark Pownall and Mark Beyer discuss Perth's cost of living, tourism marketing, Golden Group and Far East Consortium's apartment projects, election campaign, wages and unemployment, court battles, Woodside and Sapien Cyber, and our special report on ICT.

15 March 2019

PODCAST: Mark Pownall and Mark Beyer discuss 40under40, EPA carbon shift, biotech, KPMG buys Ferrier Hodgson, Optus stadium, executive remuneration, and our special report on oil and gas.

08 March 2019

PODCAST: Mark Pownall and Mark Beyer discuss carbon crackdown, Fraser Institute ranking, WA tech partnerships, lithium green light, pub sales, women in business, WACA upgrade, and our 40under40 preview.

01 March 2019

PODCAST: Mark Pownall and Mark Beyer discuss the BGC sale, housing starts, Treasurer’s forecast, Alinta’s wind farm, the Pavilion Market site in Subiaco, family business succession, and our special feature on land developers.

27 February 2019

PODCAST: Mark Pownall and Mark Beyer discuss challenges facing company directors and their own experiences undertaking Australian Institute of Company Directors courses.

Food & WineView all

Gage Roads Brewing Company

Gage Roads to open microbrewery in Sydney

Madeleine Stephens

13 Mar 2019

Perth-based Gage Roads Brewing Company is setting up shop in Sydney after securing a site for its first microbrewery and taproom in the inner-city suburb of Redfern.

Yowie Group

Keybridge unwraps $20m bid for Yowie

AAP Business News

13 Mar 2019

Listed investment firm Keybridge Capital has unwrapped a $20 million takeover bid for loss-making confectionary company Yowie.

City of Fremantle

New plan approved for old synagogue

Madeleine Stephens

07 Mar 2019

Fremantle’s idle synagogue will be transformed into a restaurant and hospitality venue after Fremantle Council’s planning committee approved the proposal last night, the latest of a string of approved plans to repurpose heritage buildings in the area.

Bar De Halcyon

Evolving the offering a priority for Perth publican

Gage Roads Brewing Company

07 Feb 2019

With the recent acquisitions of The Breakwater and the Newport, Perth-based hospitality group Capitol Corp is continuing to diversify its offering.

Single Fin drives solid quarter for Gage Roads Brewing

01 Feb 2019

Gage Roads Brewing’s Single Fin Summer Ale has propelled the Palmyra-based brewer to a quarter of solid growth, after the brew was named the nation’s fastest-growing beer brand late last year.

Special ReportsView all

ICT – small business 2019

25 March 2019

The challenges of digital transformation and cyber security for SMEs.

Rapid tech changes create challenges

Mark Beyer 25 Mar 2019

Cyber security a key risk

Mark Beyer 25 Mar 2019

Oil & gas 2019

18 March 2019

18 projects worth $60bn in pipeline

Contracts, challenges for $60bn of oil and gas projects

Matt Mckenzie 18 Mar 2019

Woodside, Evol aim to fuel ships boom

Matt Mckenzie 18 Mar 2019

Land developers 2019

05 March 2019

Resilient players await sector uptick

Resilient developers await market rebound

Dan Wilkie 05 Mar 2019

Amex rebrand the latest in shifting landscape

Dan Wilkie 05 Mar 2019

Choice drives LandCorp infill push

Dan Wilkie 05 Mar 2019

Junior miners 2019

25 February 2019

Junior miners come under pressure from the market conditions, and from the regulators.

Mergers, brownfields projects options for struggling juniors

Adrian Rauso 25 Feb 2019

Disclosure concerns on the rise

Adrian Rauso 25 Feb 2019

Ports & Transport 2019

18 February 2019

Westport among $18bn of projects, but timing uncertain

MiningView all

Dacian Gold

Equipment problems to hit Dacian production

25 Mar 2019

Dacian Gold has lowered its full-year production forecast at its Mt Morgans gold project by up to 16 per cent, due to an equipment shortage at the mine.

Jupiter Mines

Jupiter weighs up iron ore options

25 Mar 2019

Jupiter Mines has tapped Hartleys to act as a corporate adviser, as the company re-evaluates its Central Yilgarn iron ore projects in light of improved iron ore market conditions.

St Barbara

St Barbara shares plunge 30% on mine troubles

22 Mar 2019

Shares in St Barbara have fallen 30 per cent after the company said it would have to keep using trucking to extract gold from its flagship Gwalia project, due to ventilation issues it discovered at the underground mine.

CITIC Pacific Mining

Judge labels Palmer/CITIC dispute a waste

21 Mar 2019

Fortescue Metals Group

FMG to create autonomous transport for urban areas

21 Mar 2019

Fortescue Metals Group will establish a research and development centre in Karratha to develop autonomous transport for urban areas.

Current IssueView all

Issue for 18 Mar 2019 to 31 Mar 2019

Issue for 04 Mar 2019 to 17 Mar 2019

Issue for 18 Feb 2019 to 03 Mar 2019

Issue for 04 Feb 2019 to 17 Feb 2019

Issue for 21 Jan 2019 to 03 Feb 2019

OpinionView all

Mark my words podcast

Mark Pownall

22 Mar 2019

McKinsey & Company

Inflection point for transport

Tim Treadgold

20 Mar 2019

OPINION: Emissions concerns are one factor driving change in the car industry, but the transport habits of a changing demographic are also in play.

Subcontractors WA

EPA stirs resources sector

Peter Kennedy

19 Mar 2019

OPINION: Industrial emissions policy in a resources state such as WA is fraught, with much of the electorate wanting action and business requiring certainty.

Awards track changing dynamic

Mark Pownall

18 Mar 2019

OPINION: Over nearly two decades the 40under40 Awards have provided a series of snapshots of the state’s business sector.

Mark my words podcast

Mark Pownall

15 Mar 2019

PODCAST: Mark Pownall and Mark Beyer discuss 40under40, EPA carbon shift, biotech, KPMG buys Ferrier Hodgson, Optus stadium, executive remuneration, and our special report on oil and gas.

RetailView all

Myer

Myer shares soar after first-half profit

06 Mar 2019

Myer shares are soaring after the department store chain cut its debt by a third and posted a $38.4 million first-half profit.

Coles

Coles unloads pubs operation in $200m deal

AAP Business News

05 Mar 2019

Coles is offloading management of its 87 pubs, including four in Western Australia, in a $200 million deal with private equity controlled Australian Venue Co.

Harvey Norman

Harvey Norman profit up but Aust sales dip

28 Feb 2019

Harvey Norman has lifted first-half profit on a strong performance at its overseas ventures, but sales at the company's Australian franchises were weak.

Prominent Perth fashion label to close

04 Feb 2019

One of Perth’s most prominent fashion designers has announced the closure of an internationally successful label, but hinted at plans for something big in the pipeline.

Wesfarmers

Scott embraces disruption at Wesfarmers

Property Council of Australia

03 Dec 2018

Disruption, a demerger and divestments are shaping Wesfarmers’ long-term approach to growth, managing director Rob Scott told last week’s Success & Leadership breakfast.

SkylineView all

Property Council cautiously backs noise reforms

Tayler Neale

20 Sep 2018

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.

BGC Australia

Hibernian Place tops UDIA awards

17 Sep 2018

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.

CBRE

Regus takes space at new Raine Square office

Peter Kermode

14 Sep 2018

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

Linc Property

Access key at Linc industrial estate

Peter Kermode

12 Sep 2018

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

Sirona Capital

The Village Margaret River on the market

Peter Kermode

05 Sep 2018

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

Artemis Resources

Artemis focus shifts towards West Pilbara gold hub

25 Mar 2019

Artemis Resources has fully committed to developing its West Pilbara gold assets and complete an upgrade of the strategic Radio Hill processing plant near Karratha in WA. The company will divest several non-core assets and is advancing discussions with other operators for toll treatment options through its Radio Hill plant for a number of stranded gold deposits within a suitable trucking distance.

Legend Mining

Legend drilling new base metal targets in Fraser Range

25 Mar 2019

Legend Mining has started aircore drilling over two intriguing base metal targets it located late last year at its Rockford project in the revered Fraser Range in WA. The first target at Rockford South returned results peaking at 3m @ 0.71% nickel and 0.04% cobalt from 40m down-hole. About 9.5km to the northeast, the company will target anomalous copper-zinc-silver mineralisation adjacent to an electrically conductive geophysical anomaly.

Venus Metals Corporation

Venus review yields five compelling gold targets in WA

22 Mar 2019

Venus Metals has delineated five prospective looking gold drilling targets from geophysical surveys completed along the under-explored Youanmi shear zone, centred 5km north of Spectrum Metals’ new Penny North discovery near the Youanmi mining centre in the Murchison region of WA. The shear zone hosts the company’s mothballed Youanmi gold mine and Spectrum’s Penny West gold project.

Metalicity

Metalicity pegs new ground over zinc targets in WA

22 Mar 2019

Metalicity Limited has used open file Government data to generate exploratory base metal targets and stake a new tenement, adjacent to the giant Admiral Bay zinc project in the Kimberley region of WA. The work interprets potential domed structural positions for the trapping of mineralised fluids, enhancing the prospectivity for mineralisation in areas nearer to the surface, than at Admiral Bay nearby.

Strike Energy

Strike closes in on gas flows at Jaws-1