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

Corporate Finance DealsView all

Vital Metals

Vital to pivot to rare earth projects

AAP AAP
25 Jun 2019

A local junior whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.

Sandfire Resources

Sandfire set to acquire MOD for $167m

Adrian Rauso Adrian Rauso
25 Jun 2019

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved offer.

AVZ Minerals

AVZ increases Manono stake

Business News Business News
24 Jun 2019

AVZ Minerals has increased its stake in the Manono lithium and tin project by 5 per cent for US$5.5 million from Datchom Mining.

Technology for Ageing & Disability WA

TADWA acquires TL Eng unit

Business News Business News
21 Jun 2019

Bassendean-based company Technology for Ageing and Disability WA has acquired the mobility division of TL Engineering.

Blackham Resources

MACA backs Blackham again with $12m

Business News Business News
20 Jun 2019

MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

Politics & the EconomyView all

Kobelke passes away aged 69

Business News Business News
24 Jun 2019

Former Western Australian government minister and Labor MP John Kobelke, who served in state parliament for nearly 25 years, has passed away aged 69.

Chamber of Commerce and Industry of WA

Morrison vows to pass tax cuts, fight regulation

Jordan Murray Jordan Murray
24 Jun 2019

Scott Morrison vowed to roll back regulation, pass tax reform and fight militant unions in his first major economic speech since the LNP’s surprise election victory this past month.

Labor offers government deal on tax cuts

AAP AAP
24 Jun 2019

Tax cuts could be made law as early as next week if the Morrison government meets Labor at the negotiating table.

Minister seeks axing of construction union

AAP AAP
21 Jun 2019

Industrial Relations Minister Christian Porter says the peak construction and mining union should be deregistered and he's prioritising laws that could help make that happen.

Housing Industry Association

WA population growth slowly lifting

Mark Beyer Mark Beyer
20 Jun 2019

Australia’s annual population growth rate increased to 1.63 per cent in 2018, and while WA’s growth rate has improved, it continues to be one of the slowest growing states.

PropertyView all

Primewest

Primewest lands Fugro at West Perth

Adrian Rauso Adrian Rauso
25 Jun 2019

Primewest has struck a deal with international engineering firm Fugro to lease more 3,000 square metres at one of its West Perth buildings.

Real IQ joins TCN Worldwide Welcomes

Business News Business News
25 Jun 2019

Locally-based Real IQ Real Estate Company has joined the member network of international company TCN Worldwide Real Estate Services.

Warrington Property

WeWork to open second Perth office

Dan Wilkie Dan Wilkie
25 Jun 2019

Global serviced office and flexible workspace provider WeWork will establish a second Perth facility in Northbridge, taking up an entire floor of Warrington Property’s recently refurbished William Square.

Property Council of Australia

Property Council wants density debate changed

Business News Business News
21 Jun 2019

A report commissioned by the Property Council of Australia has found many Perth residents value the benefits of density.

Yolk Property Group

Waterfront living at Champion Lakes

Dan Wilkie Dan Wilkie
21 Jun 2019

Yolk Property Group is developing a 161-lot lakeside residential estate at Champion Lakes that will feature innovative housing products, a recreational and hospitality precinct and an aged care facility, in partnership with Southern Cross Care on behalf of the Metropolitan Redevelopment Authority.

WA Event Calendar View all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, register with Scoop Online..

Arts & CommunityView all

Meridian Global giving inspiration

Madeleine Stephens Madeleine Stephens
21 Jun 2019

The donation that giving circle Meridian Global Foundation provided to mental health charity zero2hero five years ago shows the impact targeted giving can have.

Telethon Kids Institute

Bishop to chair Telethon Kids

Business News Business News
21 Jun 2019

Perth’s Telethon Kids Institute has announced former foreign affairs minister Julie Bishop will be its next chair.

Screenwest

Stark choices on arts funds, young ones’ skills

Jordan Murray Jordan Murray
12 Jun 2019

Arts funding was on the menu at a business breakfast co-sponsored by Business News and Screenwest this week, with panelist Ben Elton advocating development of a film studio in Perth to boost the sector.

Perth Festival

Perth embraces festival season

Madeleine Stephens Madeleine Stephens
11 Jun 2019

Fringe World and Perth Festival may offer audiences a different range of artistic experiences, but both achieved strong growth in ticket and box office sales this year, according to recent reports.

Rio Tinto

Rio, FMG support indigenous children initiatives

Business News Business News
10 Jun 2019

Rio Tinto has backed a STEM initative in the Pilbara, while Fortescue Metals Group has thrown its support behind Ricky Grace's Girls Academy.

Featured PhotographsView all

Jessica Gethin, 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

Gold Fields

$123m for minesite microgrids

Matt Mckenzie Matt Mckenzie
19 Jun 2019

Two microgrid projects worth a combined $123 million have moved forward today as the technology becomes increasingly mainstream, with Gold Fields and GMA Garnet mine sites to have big renewable power and storage components.

Tempo Australia

Tempo optimistic of solar cost blowout solution

Adrian Rauso Adrian Rauso
14 Jun 2019

Tempo Australia has emerged from a one-and-a-half month trading halt to announce it has agreed terms in-principle with Enel Energy that will potentially prevent a cost blowout at a major solar contract.

Western Power

Chalkley, Barrie to Power board

Matt Mckenzie Matt Mckenzie
28 May 2019

Western Power chief executive Guy Chalkley has been appointed to the network operator’s board, while Kathryn Barrie will wear two hats as a director of the business and continuing in a senior role at the Public Utilities Office.

Environmental Protection Authority

EPA to start consulting on greenhouse policy

Mark Beyer Mark Beyer
27 May 2019

The Environmental Protection Authority will commence formal consultation next month on its greenhouse gas guidelines, refuting media reports it has already decided to revive the guidelines that caused industry outrage earlier this year.

Strike Energy

Strike joins Northern Minerals as R&D tax losers

Adrian Rauso Adrian Rauso
21 May 2019

ASX-listed Strike Energy will not receive its federal government research and development tax credits for the 2018 financial year, a week after West Perth-based Northern Minerals was ordered to pay back 50 per cent of its $21.56 million R&D rebate for the same financial year.

Food & WineView all

Collins Foods lifts FY profit 20% to $39m

AAP AAP
25 Jun 2019

Collins Foods has lifted its payout to shareholders after strong sales at its Australian KFC network helped the company boost full-year profit 20.3 per cent to $39.1 million.

Miss Chow’s continues rapid expansion

Adrian Rauso Adrian Rauso
21 Jun 2019

The self-described dumpling queen of Perth is set for a busy few weeks, with four new venues under the Miss Chow’s Group banner set to open by the end of July.

Bunsters Hot Sauces

Hot prospects for Bunsters

Jordan Murray Jordan Murray
20 Jun 2019

One of Perth’s sauciest companies is seeking a $5 million valuation with a hand from the Perth Angels.

Lavan

Liquor licence conflict over arena definition

Adrian Rauso Adrian Rauso
19 Jun 2019

The Supreme Court of Western Australia has given a Nedlands sports club the green light to appeal its failed attempt at regaining a liquor licence, after its facilities where deemed not to constitute a sports arena.

Indian Ocean Brewing Company

Small-scale brewing’s next frontier

Dan Wilkie Dan Wilkie
14 Jun 2019

One of WA’s most experienced hospitality professionals is helping lower the barriers to enter the craft beer industry.

Special ReportsView all

Defence

Defence

17 June 2019

WA businesses are positioning themselves to participate in the national shipbuilding supply chain and longer term, have a strong chance to create a sustainment hub in Perth.

Our feature highlights:

WA defence sector aims to build on contract wins

WA defence sector aims to build on contract wins

Matt Mckenzie 17 Jun 2019
Blacktree broadcasts from Belmont to Britain and places in between

Blacktree broadcasts from Belmont to Britain and places in between

Matt Mckenzie 17 Jun 2019
Matrix the one for neo-materials

Matrix the one for neo-materials 

Matt Mckenzie 17 Jun 2019
Local defence ecosystem grows business

Local defence ecosystem grows business

Matt Mckenzie 17 Jun 2019
Great for the State - Edition 3: Health & Wellbeing

Great for the State - Edition 3: Health & Wellbeing

04 June 2019

Our Health and Wellness edition highlights how Western Australia is evolving into a world-leading jurisdiction in medical research, pushing the boundaries of science and innovation in a quest for better health.
 

Medical marvels delivering outcomes

Medical marvels delivering outcomes 

Dan Wilkie 04 Jun 2019
Investments in medical tech to pay healthy dividends

Investments in medical tech to pay healthy dividends 

Dan Wilkie 04 Jun 2019
Healthway, Lotterywest lead drive for better health

Healthway, Lotterywest lead drive for better health 

Dan Wilkie 04 Jun 2019
West best for mass fundraising fun

West best for mass fundraising fun 

Dan Wilkie 04 Jun 2019
View 6 more >>
Mining projects 2019

Mining projects 2019

20 May 2019

High-level iron ore, lithium and gold projects set pace for more than 50 developments in fresh commodities boom. WA finds itself in the centre of a new, agribusiness-driven, mining race.

$21bn pours into WA’s top 10 mining projects

$21bn pours into WA’s top 10 mining projects

Adrian Rauso 21 May 2019
Iron ore juniors back in game

Iron ore juniors back in game

Adrian Rauso 22 May 2019
Potash players primed for slice of growing market

Potash players primed for slice of growing market

Adrian Rauso 23 May 2019
Universities 2019

Universities 2019

13 May 2019

Widespread government reviews are causing a headache for Western Australia’s major universities, but higher promotional funding and a lift in the state’s share of new international students are encouraging signs.

Unis battle funding cuts, government uncertainty

Unis battle funding cuts, government uncertainty

Delia Price 13 May 2019
WA poised for more international students

WA poised for more international students

Delia Price, Mark Beyer 14 May 2019
Great for the State - Edition 2: The Future of Energy

Great for the State - Edition 2: The Future of Energy

07 May 2019

This edition highlights how WA is powering the world into the future.

From gas to lithium, WA powering the world

From gas to lithium, WA powering the world 

Matt Mckenzie 07 May 2019
Electric time for energy hopefuls

Electric time for energy hopefuls 

Matt Mckenzie 07 May 2019
Hydrogen fires burning passion for innovation

Hydrogen fires burning passion for innovation 

Matt Mckenzie 07 May 2019
Spearheading move to power off grid

Spearheading move to power off grid 

Matt Mckenzie 07 May 2019
View 5 more >>

MiningView all

Altura Mining

Altura names new major shareholder

Business News Business News
25 Jun 2019

Altura Mining has a new major shareholder, after Ningbo Shanshan acquired Shaanxi J&R Optimum Energy’s shares in the lithium miner.

Hylea Metals

Hylea shares skyrocket nearly 600%

Adrian Rauso Adrian Rauso
24 Jun 2019

Shares in West Perth-based Hylea Metals were up 592 per cent today after the junior announced it acquired a 65 per cent stake in Paladin Energy’s Kayelekera uranium mine in Malawi.

Flinders Mines

Shareholders welcome Flinders changes

Adrian Rauso Adrian Rauso
24 Jun 2019

Flinders Mines says it will ensure shareholders remain fully informed, less than a month after Business News revealed concerns about its transparency.

Lynas Corporation

Lynas sticks to stockpiling strategy

AAP AAP
21 Jun 2019

Lynas Corporation won't cash in on the sharp short-term increase in rare earths prices related to the US-China trade war, saying it will stick to the long-term strategy it announced last month.

Altura Mining

Altura shares leap on production turnaround

Adrian Rauso Adrian Rauso
21 Jun 2019

Shares in Altura Mining have surged 37 per cent since late Wednesday, after the company announced positive production results and its struggling former biggest investor sold its remaining stake in the company.

OpinionView all

Sales success starts with self-worth

Jeffrey Gitomer Jeffrey Gitomer
25 Jun 2019

OPINION: For those who make a living selling a product or service, the value of building strong relationships cannot be overestimated.

Mark my words podcast

Mark Pownall Mark Pownall
Matt Mckenzie Matt Mckenzie
21 Jun 2019

PODCAST: Mark Pownall and Matt Mckenzie discuss new Liberal policies, Forrest property investments, Julie Bishop, state wages policy, Committee for Perth, supermarket battle, microgrids, and our special report on indigenous business.

Straight shooters fire entrepreneurial bent

Mark Pownall Mark Pownall
17 Jun 2019

OPINION: Encouraging entrepreneurial behaviour can only benefit a state such as WA.

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
14 Jun 2019

PODCAST: Mark Pownall and Mark Beyer discuss Liberal leadership change, State of the Arts, agricultural outlook, Patersons sellout, Curtin's expansion, gold challenges, Western Australians honoured, and our special report on defence.

Mark my words podcast

Mark Beyer Mark Beyer
Matt Mckenzie Matt Mckenzie
07 Jun 2019

PODCAST: Mark Beyer and Matt Mckenzie discuss house prices, economic growth data, interest rates, WA’s credit rating, gold miners, arts festivals, cryptocurrencies and craft breweries.

RetailView all

Automotive Holdings Group

ACCC concerned about AHG takeover

Adrian Rauso Adrian Rauso
24 Jun 2019

The Australian Competition and Consumer Commission says it has concerns about AP Eagers’ $2.3 billion takeover of Automotive Holdings Group, due to a potential impact on competition in new car retailing in NSW.

Metcash

Metcash back in profit but underlying sags

AAP AAP
24 Jun 2019

Metcash has swung to a $192.8 million full-year profit after cycling through its South Australian contract impairments, but its share price has taken a tumble after a decline in food earnings and higher finance costs weighed on the IGA supermarket supplier's underlying result.

Coles

Coles hits new high on $1bn savings target

AAP AAP
18 Jun 2019

Coles shares have hit a new high after the supermarket announced a $1 billion cumulative savings target over four years to compete with new discount grocery market arrivals such as Lidl and Kaufland.

Wesfarmers

Target sales sag further for Wesfarmers

AAP AAP
13 Jun 2019

Wesfarmers says full-year earnings from its department stores could fall by as much as $103 million after sales at the struggling Target chain fell by 2.3 per cent so far in the second half.

FTI Consulting

Transit Clothing to close its doors

Business News Business News
07 Jun 2019

The administrators of Perth-based Transit Clothing have announced that the business will close and cease trading at all remaining store locations within the coming week.

SkylineView all

Skyline
Property Council of Australia

Property Council cautiously backs noise reforms

Mark Beyer Mark Beyer
Tayler Neale 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

Matt Mckenzie Matt Mckenzie
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 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 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 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

Bulls N' Bears
Spectrum Metals

Spectrum extends high grade gold shoot at Penny North

Matt Birney Matt Birney
25 Jun 2019

Spectrum Metals’ Phase II drilling campaign at the Penny West project near Youanmi, WA, has returned further high-grade gold intersections, with mineralisation now defined over 650 metres of strike to a vertical depth of 230m. Preliminary metallurgical test work from the Penny North ores have been encouraging, with gold recoveries up to 99.2% and free-milling gold potentially amenable to a conventional processing circuit.

Lithium Australia

Lithium Australia reaches for drill bit at Youanmi

Matt Birney Matt Birney
25 Jun 2019

Lithium Australia plans to commence drilling to evaluate the potential and geometry of lithium pegmatites at the prospective Youanmi project near Sandstone in the Murchison region of WA, before the end of this month. The company will also carry out work on the higher-grade sections of a defined vanadium resource, which it believes to be amenable to direct leaching to produce vanadium sulphate.

Venus Metals Corporation

Second look yields more gold for Venus/Rox

Matt Birney Matt Birney
24 Jun 2019

Venus Metals and Rox Resources may be sitting on a high-grade gold deposit at their Currans Find JV gold project near Youanmi, WA, after re-sampling of recent holes turned up a spectacular intersection of 1m @ 72.67g/t gold from 39m within a wider zone of 3m @ 27.5g/t gold. This is significantly higher than the initial assays, which returned 6m @ 9.82g/t gold from 36m.

Volt Resources

Volt secures funding to finalise USD$40m note issue

Matt Birney Matt Birney
24 Jun 2019

Volt Resources has secured USD$1 million in working capital from European investor Mr Lars Bader to help finalise the USD$40 million note issue on the Dar es Salaam Stock Exchange. The notes will underpin the Stage 1 development of the company's Bunyu graphite project in Tanzania that has an ore reserve of 127 million tonnes grading 4.4% TGC, most of which is in the Super Jumbo, Jumbo and Large flake categories.

Sovereign Metals

Met work excites at Sovereign’s African rutile play

Matt Birney Matt Birney
24 Jun 2019

Sovereign Metals has outlined encouraging preliminary metallurgical test work results for its Wofiira rutile prospect in Malawi, East Africa, generating a potentially premium high-quality product, with low impurities, from conventional mineral sands processing. The concentrated ore product contained 96% titanium dioxide at a recovered grade of 1.1% rutile and is on par with many of the world’s leading rutile producers.

Thought LeadershipView all

When sweaty palms and heart palpitations are not a good thing

Mandy Kuba Mandy Kuba
05 Jun 2019

There has been a shift over the years in the way the performance appraisal is conducted, particularly in the frequency of discussions, leading to a more meaningful experience for both manager and empl

Cisco

Increased connectivity and digital identities at the forefront of Cisco innovation

Cisco
23 May 2019

Cisco continues to forge ahead with innovation surrounding technology and the internet by sharing its extensive knowledge on connectivity, digital identity and cyber security.

Help! My employee wants a raise.

Alex Hu Alex Hu
02 May 2019

Typically associated with sweaty palms and a general feeling of discomfort, it’s likely that at some point you’ve dealt with the pay increase question, either as the employee...or the manager.

Shire of Serpentine Jarrahdale

Shire launches video to support advocacy efforts

Michelle Rich Michelle Rich
23 Apr 2019

The Shire of Serpentine Jarrahdale launched its advocacy video at an event with key stakeholders at Quarry Farm on Tuesday, 16 April.

LandCorp

New opportunity on offer at emerging Murdoch health and knowledge hub

LandCorp LandCorp
18 Apr 2019

A world-class centre of excellence for health, education and research is beginning to take shape in Perth’s growing southern corridor – and a new release at LandCorp’s Murdoch Health and Knowledge Pre