Business News

Board Moves May 24, 2019

John Baillie has joined the board of Data Exchange Network as non-executive director.

PPA appoints Geatches as chair

Former Perth Airport chief executive Brad Geatches has been appointed as the chair of the Pilbara Ports Authority.

Strandline raises $5.5m

Strandline Resources has raised $5.5 million via a share placement, with the proceeds set to advance its Coburn mineral sands project.

Mincor to raise $23m

Mincor Resources has raised $18 million in a share placement and is seeking to secure an additional $5 million via a share purchase plan to facilitate the restart of its Kambalda nickel operations.

New panel to assess major developments in WA

The inaugural State Design Review Panel has been appointed to oversee the design quality of major new development proposals in Western Australia.

Board Moves May 23, 2019

Current non-executive director Matthew McCann has been appointed non-executive chair of Eon NRG.

Gold juniors to raise $7.1m

Crusader Resources is seeking to raise $4.1 million via a rights issue, while Amani Gold has raised $3 million through a share placement, as both juniors seek to advance their gold projects.

Mincor buys IGO’s Long for $9.5m

Mincor Resources is moving closer towards a revival of its nickel operations after it acquired the Long mine from Independence Group for up to $9.5 million and announced a capital raising.

State govt tackles planning loophole

That state government says it will fix a planning loophole that enabled small housing subdivisions in WA to be built without connection to telecommunications infrastructure.

Appointments May 24, 2019

Our weekly appointments wrap includes David Cole, Jay Tesorero, Derek Walsh, Sarah Kay, Gavin Bain, Clare McNeill and Diane Porteous.

Ausdrill wins $126m contract extension

Ausdrill’s earthmoving parts and equipment subsidiary, BTP, has been awarded a three-year contract extension worth $126 million with Peabody Australia.

Board Moves May 22, 2019

Force Commodities has appointed London-based metals trading and marketing specialist, Simon Grant-Rennick, to assist in discussions with global commodity trading groups in London, Switzerland and the

Share registry forecasts 14.3% profit fall

Advanced Share Registry has estimated its profit it will decrease by around $350,000 this financial year, which it said is partly due to a reduction in corporate activity.

NRW downplays possible BGC acquisition

NRW Holdings has denied media speculation it is in advanced discussions to acquire BGC Contracting, but it has not explicitly ruled out interest in the privately owned business.

Board Moves May 21, 2019

Phillip Hartog has resigned as company secretary of Kalia. He will be replaced by Catherine Grant-Edwards and Melissa Chapman as joint company secretaries.

Myanmar to raise $30m

Myanmar Metals is seeking to raise $30 million for its flagship Bawdwin zinc-lead project in the South East Asian country, via a share placement and rights issue.

NRW’s RCR arm wins $18m Koodiaderi contract

NRW Holdings’ subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto’s Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.

Seven flags FY earnings fall

Seven West Media has flagged a fall in full-year earnings of up to $25.6 million, which the Kerry Stokes-owned company blamed on a weak advertising market.

Board Moves May 20, 2019

Our daily board moves wrap includes Michael Konnert, Vince Ippolito, Patrick Holywell, Anthony Mankarios, Keith Smith, Travis McKenzie, Tim Wilson, and XiaoHua Liu.

SCEE wins $30m in new contracts

Southern Cross Electrical Engineering has announced a number of new awards, led by its East Coast-based subsidiary, Heyday.

Perron buys Westfield centre stake for $575m

Privately-owned Perth company Perron Group has added to its vast property portfolio by purchasing a 50 per cent stake in Sydney's Westfield Burwood shopping centre for $575 million.

Botanix lines up exec chair appointment

Botanix Pharmaceuticals has appointed Vince Ippolito as its president in the US, and subject to shareholder approval, he will also assume the role of executive chairman for the company.

Board Moves May 17, 2019

Our daily board moves wrap includes Michael Bourguignon, Malcolm Smartt, Justin Walawski, Danny Segman, David Phillips, Joseph Ohayon, Tim Kestell, and Simon Andrew.

NRW wins $137m Rio contract

Shares in NRW Holdings have closed trade up 10.65 per cent, after it secured an earthworks contract at Rio Tinto’s $3.5 billion Koodaideri iron ore project in the Pilbara.

WA winner in national women's biz awards

Managing director and founder of KAS Accounting Solutions Jodie Silvester has won the 2019 Telstra Australian business women’s small business award.

Appointments May 17, 2019

Our weekly appointments wrap includes Maria Saraceni, Katrina Lane, Robert Cunningham, Wayne Crofts, Ellen Wang, Deirdre Pennock, Tony Le and Todd Richardson.

Board Moves May 16, 2019

Barnaby Egerton-Warburton has been appointed non-executive chair of Hawkstone Mining.

Prodigy and Newmont in $14.5m JV

Prodigy Gold has signed a $14.5 million joint venture and exploration farm-in agreement with Newmont Mining at Prodigy’s Tobruk project in the Northern Territory.

Alliance raises $32.5m

Alliance Mineral Assets has raised $32.5 million via two share placements, including with Galaxy Resources, with the funds set to primarily go towards upgrades at the processing facilities at its Bald Hill lithium and tantalum mine.

Board Moves May 15, 2019

Our daily board moves wrap includes Todd Richardson, Rod Evans, Paul Hopper, Stephen Carter, HongBing Zhang, RuoYun Zhang, Tun Yiu Kei, Tommy Cheng, and Edward Siew.

St Barbara acquires Atlantic Gold

Gold producer St Barbara has agreed to acquire 100 per cent of Canadian miner Atlantic Gold Corporation for $768 million.



$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.

most commented

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.

Govt unveils marina, dust plans for Port Hedland

The state government is planning to restrict new residential developments in the west end of Port Hedland while also implementing a new regulatory framework for air quality in the town, which is located adjacent to large iron ore stockpiles.

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.