Business News

Board Moves August 20, 2018

Daniel Moore has resigned as non-executive director of iCollege.

WOA signs Wheatbelt agreement

Newly-listed Wide Open Agriculture has signed a management agreement with a Netherlands-based investor and a group of Western Australian farmers in relation to a $4.3 million property in the Wheatbelt.

Fortescue FY profit plunges 58%

Fortescue Metals Group has posted a 58 per cent drop in annual profit for the 2018 financial year compared with the previous period, but has increased its dividend payout ratio to shareholders.

Gascoyne to raise up to $24m

Gold miner Gascoyne Resources has announced a $19 million equity placement, along with a share purchase plan to raise up to $5 million.

Board Moves August 16, 2018

Linton Putland has been appointed non-executive director of Breaker Resources.

Investigation into Rio mine death

The state government is investigating the death of a haul truck driver at Rio Tinto’s Paraburdoo mine, which occurred last night.

Sultan debuts after $4.8m IPO

Shares in Sultan Resources began trading on the ASX today, after the company raised $4.8 million via an initial public offering.

CCC calls for criminal charges

The Corruption and Crime Commission has recommended criminal charges be laid against three former public servants and at least 10 private sector contractors after highlighting corrupt practices at the North Metropolitan Health Service.

Board Moves August 15, 2018

Australian Potash has appointed experienced mining industry executive and director Jim Walker as non-executive chair.

Bunnings UK savages Wesfarmers profit

Wesfarmers has suffered a 58 per cent drop in full-year net profit after taking more than $1.3 billion in costs and losses on its disastrous Bunnings UK exit and a $300 million write-down on underperforming Target, while also announcing leadership changes at its department stores.

Board Moves August 14, 2018

Dr Po-Tao Wei has been appointed executive director of Black Star Petroleum.

Tempus set for ASX debut after $5m IPO

Copper-focused Tempus Resources is set to list on the ASX tomorrow, after the company raised $5 million via an initial public offering.

Hunt appointed to chair Bis

Resources logistics company Bis has appointed former Broadspectrum chief executive Graeme Hunt as its new chairman to replace the retiring Charles Lenegan, while non-executive director John Beevers is also retiring.

Squadron JV lifts Canning Basin stake

A joint venture between Minderoo Group-owned Squadron Energy and Goshawk Energy has been awarded a series of petroleum tenements in the Canning Basin.

Board Moves August 13, 2018

Matt Smith has been appointed to a newly created role of chief commercial officer at Aspermont, a leading media services provider to the global mining and resources industry.

Ausdrill JV locks in $US160m contract

A joint venture between Perth companies Ausdrill and Barminco has been awarded a $US160 million ($220 million) mining services contract for Roxgold in West Africa.

Gage secures nib Stadium supply deal

Gage Roads Brewing Company has won a five-year beer and cider supply contract with nib Stadium, adding to a similar deal with Optus Stadium.

Pindan expands to Gold Coast

Pindan is set to expand its operations to the Gold Coast, after being granted development approval for a 25-storey apartment building.

APA accepts $13bn offer from CKI

The board of APA Group has accepted a $12.98 billion takeover offer from a consortium led by Hong Kong's CK Infrastructure (CKI), in a deal that will see major gas pipelines in WA sold to a new owner.

Board Moves August 10, 2018

Robotic technology company Fastbrick Robotics (FBR) has appointed Nancy Milne OAM and Andrew Bloore as non-executive directors, following the retirement of Gabriel Chiappini from the board and as join

HBF launches high-tech city branch

HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.

Board Moves August 9, 2018

ShuQing Xiao has been appointed non-executive director of Energy Metals.

Crown Perth posts steady results

Crown Perth posted a slight increase in normalised earnings for the 2018 financial year, helped by added revenue from Crown Towers, while its parent company reported a full-year profit of $558.9 million.

Board Moves August 8, 2018

Mark Freeman has been appointed business development manager of Calima Energy.

Veris secures $6m contracts

Perth-based Veris has announced contracts worth $5.6 million with Rio Tinto, BHP and Bunnings through subsidiary Aqura Technologies.

Fire stops work at WA gold mine

Operations at Doray Minerals’ Deflector gold-copper mine in the Murchison region have been halted after a fire broke out at the site early this morning.

School given $2.5m gift

An independent community school in Perth has received a $2.5 million gift, after being donated the property and assets of another school that has closed its doors.

State awards $2.3m broadband grants

Geraldton-based LogicIT has been awarded $1 million worth of state government grants to provide broadband coverage to farmers in the Mid West region.

Board Moves August 7, 2018

Seafarms Group has appointed Hisami Sakai as non-executive director.

Calls for nuclear waste facility in WA

WA-based Azark Projects is calling on the federal government to review its preference for a nuclear waste storage facility in South Australia, with the George Gear-led company proposing Leonora as a more suitable location.

Velpic in $4m sale

Perth-based tech company Velpic has struck a deal to sell its primary business to Damstra Technology for about $3.8 million, weeks after most of its staff were made redundant.



$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.

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.

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.