Business News

Stewart to run for Fremantle mayor

Business owner Ra Stewart says she wants to bring responsible financial management and enthusiasm back into the council if she is elected mayor of Fremantle.

Saracen ups bid for Bligh's gold project

Saracen Mineral Holdings has increased its offer for Bligh Resources' Bundarra gold project after Zeta Resources made a competing bid last week.

Zeta emerges with Bombora takeover plans

Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.

Construction contracts and tenders April 5 to 19

Thomas Building has won the contract for the construction of Griffin Group's 204 Walcott development in Menora. The building consists of 11 apartments, six offices, and a café.

Board Moves April 20, 2017

Silicon Valley based technology company 1-Page has announced that current chief executive Peter Kent and co-founder Patrick Riley will be leaving the company as part of its cost cutting initiatives

1-Page CEO, co-founder leave business

Troubled tech company 1-Page has announced its recently appointed chief executive, Peter Kent, has left the company along with co-founder Patrick Riley, ahead of a shareholder meeting in three weeks.

People Moves April 19, 2017

Tim Searle has been appointed a partner in Clyde & Co's Perth office.

Board Moves April 19, 2017

Magnetic Resources has appointed current executive director, George Sakalidis, as managing director.

Magnum, Bombora end acquisition plans

Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.

Perth tech startup launches advertising app

Local tech startup Zora Tech has soft-launched its first product to market, an online advertising platform that aims to better connect content creators, retailers and customers to what they want to see online.

Zeta makes $8m play for Bligh

Investment group Zeta Resources has announced plans to make an all-cash takeover offer for gold-focused Bligh Resources, competing with Saracen Mineral Holdings which had agreed to buy the target's core asset in February.

Skin Elements buys McArthur Skincare

Recently ASX-listed Skin Elements has acquired a Perth-based therapeutic and cosmetic skin care products company for $1 million in cash and scrip.

GR awarded $107m Mt Morgans contract

Dacian Gold has formally awarded GR Engineering Services a $107.1 million contract to build processing infrastructure at its Mt Morgans gold project near Laverton.

Board Moves April 18, 2017

Brendan Borg begins his tenure as managing director of Celsius Resources. Alistair Muir has stepped down from the board as non-executive director.

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.

Lithium Aust extends Lepidico takeover deadline

Lithium Australia is pushing ahead with its takeover plans for Lepidico, extending the deadline by two weeks despite only a small portion of the target's shareholders taking up the offer so far.

Northern to build $56m pilot plant

Northern Minerals plans to spend $56 million developing a pilot plant for its Browns Range heavy rare earths project in Halls Creek, with first production expected next year.

Eastern raises $28m for Davyhurst

Eastern Goldfields has announced a $28 million capital raising and share sale facility as it works towards commissioning of its Davyhurst gold operation near Kalgoorlie.

South32 scraps $US200m coal mine buy

South32 has scrapped its $US200 million purchase of a NSW coking coal mine after deciding against making what it called significant concessions to gain approval from the competition watchdog.

People Moves April 13, 2017

EMCO Building has appointed Ron Keogh chief executive. Mr  Keogh has been part of the EMCO Building team since 2000, when he joined the company as business development manager.

Board Moves April 13, 2017

Blackham Resources has advised that as part of its management and board restructure, Alan Thom will resign as director and chief operating officer but continues in an executive role as Expansion St

Poynton joins Strike, leaves Orbital

Company director John Poynton has moved into the gas sector as the new chairman of Cooper Basin-focused Strike Energy, which has also recruited a new managing director from Shell.

RUC wins Dacian mining work

A local subsidiary of South African company Murray & Roberts is set to be awarded an underground mining services contract for Dacian Gold's Mt Morgans project near Laverton.

Board Moves April 12, 2017

Ardiden has advised that current executive director, Bradley Boyle, will also take on the role of chief executive.

Barminco refinances bond debt, signs $100m facility

Gresham Investment House-owned mining contractor Barminco has secured a $100 million credit facility and closed a $US350 million bond issue to refinance its bond debt.

Takeovers Panel handling Indiana, Molopo disputes

The Takeovers Panel is at the centre of two disputes, with Indiana Resources having a partial win today while a Melbourne company with Perth-based shareholders fights a board spill of its own.

Peak's rare earth project to cost $475m

Peak Resources has progressed its majority owned Ngualla rare earth project in Tanzania with the release of a bankable feasibility study today, which revealed a development capex of $US356 million ($A475 million).

Board Moves April 11, 2017

Cradle Resources has appointed Greg Swan as company secretary, following the resignation of Sam Smart.

People Moves April 11, 2017

Changes at Clifford Chance



$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.

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.

Blackburne leads WA in Young Rich List

Perth property developer Paul Blackburne is the wealthiest of five Western Australians featured in the BRW Young Rich List 2016.

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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.

Hoyts to open cinema in Karrinyup

Hoyts Group has announced plans to open a new cinema complex in Karrinyup and redevelop its Garden City complex, as part of shopping centre redevelopments in those areas.

Power outages hit 35,000 across WA

Power outages are affecting 35,000 residents across Perth and Western Australia's South West.