Business News

Board Moves March 23, 2018

Chalice Gold Mines has made some board and management changes aimed at unlocking the value of the company’s prospective gold and base metal projects and a strong balance sheet.

Orinoco raises $12m

Junior miner Orinoco Gold has announced a $12.1 million capital raising to target a ramp-up in production at its Cascavel operation in Brazil.

Construction tenders March 26 2018

TendererProjectCloseSubmissionsAbseconPeter Moyes Community School - chapelApr ConstructionsBentley - Swancare aged care facilityApr

Board Moves March 22, 2018

Wolf Minerals has appointed Richard Lucas as managing director.

Australis in $39m placement

Australis Oil & Gas has tapped investors for $39.2 million, with the proceeds to allow for drilling to commence at the Tuscaloosa marine shale later this year.

Board Moves March 21, 2018

Dotz Nano has appointed John Bullwinkel and Uzi Breier as non-executive directors, replacing Menashe Baruch and Antony Sormann who have both resigned from the board to focus on other business interest

Board Moves March 20, 2018

Aspire Mining has announced the retirement of long-serving non-executive chair David McSweeney.

Robert Kennedy passes away

Company director Robert (Bob) Kennedy, who was a director or chairman of four ASX-listed companies, has passed away after a short illness.

Watpac secures $21m highway contract

The local arm of Watpac has been awarded a $21 million contract for the construction of a bypass on the Great Northern Highway at Miling in the state’s Wheatbelt region.

Riverton Coles sells for $32m

A private interstate investor has purchased the Coles complex in Riverton, which includes a supermarket, a First Choice Liquor, a TAB and a 300-bay carpark, for $32 million.

Lynass to lead Tempo

Perth-based contractor Tempo Australia has appointed former Bis managing director Ian Lynass as its chief executive, replacing Max Bergomi after two years in charge.

Graphex in $2.5m raising

Graphite explorer Graphex Mining has raised $2.5 million to fund an updated feasibility study and complete finance and offtake arrangements at its Chilalo project in Tanzania.

Board Moves March 19, 2018

Gabriel Chiappini has resigned as company secretary of Avita Medical, having been with the company since 2003.

Carnegie plans solar in Timor Sea

Federal government agency National Energy Resources Australia has approved a $200,000 grant to Carnegie Clean Energy, to cover nearly half the cost of installing solar power at Eni Australia's Blacktip wellhead platform in the Timor Sea.

Board Moves March 16, 2018

Doug Halley has been appointed non-executive director of MMJ Phytotech. Mr  Halley is an experienced company director, having served on several Australian public company boards.

Perth property tipped to rise

The Perth housing market has received a strong endorsement, with a survey from the Property Investment Professionals of Australia listing Perth highly as an investment prospect for 2018.

New govt service to boost local businesses

Premier Mark McGowan has today launched an online portal and advisory service to assist local businesses in securing state government contracts.

Raubex takes 70% stake in Westforce

South African construction group Raubex has taken a 70 per cent stake in local engineering contractor Westforce for $6.5 million.

Mincor approves gold project

Perth-based Mincor Resources has approved the development of its Widgiemooltha gold project, located in the Goldfields, with mining set to commence next month.

TNG appoints contractors

TNG has signed an agreement with a jointure venture between Adelaide-based contractor McMahon Services and Clough to provide engineering and construction services at its Mount Peake vanadium project.

Board Moves March 15, 2018

Tanya Mangold has resigned as company secretary and legal counsel of Admedus. Current chief financial officer Catherine Costello will now take on the additional role of company secretary.

CV Check $2.5m share sale

The wife of CV Check founder Steven Carolan has sold a 16.2 per cent stake in the business in an effort to improve liquidity and allow new investors into the company.

St Barbara invests in ABM

Gold miner St Barbara has taken a 10 per cent stake in local explorer ABM Resources as part of its recently announced $6 million capital raising.

Emco wins $12.8m UWA contract

Commercial construction company EMCO Building has secured a $12.8 million contract to build an Aboriginal accommodation complex at Catherine’s College at the University of Western Australia.

Altura in takeover talks

Shares in Altura Mining, which is on the brink of lithium production, jumped this morning after the $770 million company confirmed it was in discussions with its largest shareholder in relation to a potential control transaction.

WA tech firms raise $5m

Two local tech companies have raised more than $5 million, with medical firm Proteomics International Laboratories securing $3.4 million via the exercise of options.

ClearVue in $6m IPO

Building materials company ClearVue Technologies has launched its prospectus, aiming to raise up to $6 million via an initial public offering.

Caroline Spencer appointed auditor general

The state government has recruited Canberra-based Caroline Spencer to be the state’s next auditor general, three years after she was appointed to review the performance of incumbent Colin Murphy.

NYFL into administration

Roebourne-based indigenous group Ngarluma Yindjibarndi Foundation, which employs more than 50 people at its business operations throughout the Pilbara, has been placed into voluntary administration.

Board Moves March 13, 2018

Goldfields Money has appointed John Kolenda as non-executive director following the resignation of Keith John from the board.

Sky to raise $15m

Local tech company Sky and Space Global has tapped investors for $10 million and has launched a $5 million share purchase plan, with funds to be spent on the design and construction of its first batch of nanosatellites.



$120m in new work for Monadelphous

Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.

FMG appoints Gaines as CEO

Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.

Perth CBD office vacancy hits 25-year peak

Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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EPA rejects MinRes, Sinosteel iron ore mines

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Taxi plate buy-back part of transport shake-up

Perth taxi and Uber users may see a 10 per cent fare hike for the next four years to fund taxi plate buy-backs as the state government revamps on-demand transport.

Site found for WA's first open-range zoo

The state government has locked in a location for Western Australia’s first open-range zoo, which is expected to cost up to $100 million to develop.

Senate orders Roe 8 inquiry

UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.