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Board Moves February 20, 2017

Graeme J Clatworthy has resigned as non-executive director of Rift Valley Resources, but will remain as a consultant on the Angolan operations and administration.

Arafura taps investors for $5m

Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.

AusQuest surges on South32 venture

Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.

Matrix to pocket $14m from previously-binned contract

Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.

Monadelphous JV lined up for $US250m contract

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search's operations in Papua New Guinea, in a deal worth up to $US250 million.

Board Moves February 17, 2017

Admedus has appointed Simon Buckingham as non-executive director.  Michael C Bennett has resigned as executive director.

Solid six months for Fleetwood

Perth-based Fleetwood Corporation has posted solid results for the half year, with revenue higher and profit surging, but no dividends declared.

Mod up on drilling results

Shares in copper explorer MOD Resources closed higher on promising drill results at the company's T3 copper operation in Botswana.

Cirrus lined up for Emeco IT job

Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.

Gascoyne raises $55m for gold project

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

Board Moves February 16, 2017

Medibio has appointed US-based Jack Cosentino as chief executive and managing director.

Mineral Resources books strong half-year result

Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.

Contractor confident after solid half year

Civil and mining contractor NRW Holdings says it is well placed for more earnings growth and it is seeking new partnership and acquisition opportunities, after lodging a solid net profit for the fi

Southern Cross mine sold for $330m

Chinese conglomerate Shandong Tyan Home has acquired its second gold mine in Western Australia, reaching an agreement to buy the Southern Cross Gold operation in the Yilgarn for $330 million.

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.

Board Moves February 15, 2017

Paul Matysek has been appointed non-executive chair of Equator Resources. Michael Naylor has resigned as non-executive director but will remain as company secretary.

Rubik gets $68m takeover offer

Wyllie Group-backed Viburnum is set to receive a big payout when fintech Rubik Financial, in which it is a substantial shareholder, is acquired by Geneva-based banking and finance software firm Temenos for $68 million.

NRW wins $40m job at gold mine

Perth-based NRW Holdings has won a $40 million contract to provide its services to Macmahon Holdings, which is operating at Newcrest Mining's Telfer gold mine in the Pilbara.

Board Moves February 14, 2017

Cash Converters has appointed Ellen Comerford and Andrea Waters as independent non-executive directors.

Saracen to buy Bundarra project

Saracen Mineral Holdings has entered into an agreement to purchase the Bundarra gold project from Bligh Resources in an all-scrip deal worth $8.5 million.

eSense-Lab debuts on ASX

Life sciences company eSense-Lab has enjoyed steady gains on its first day of trading on the ASX, after raising $3.5 million from investors in an initial public offering.

Guma ICRG wins more FMG work

Indigenous contractor Guma ICRG has won two contract extensions for work on Fortescue Metals Group's rail line and roads infrastructure in the Pilbara for an undisclosed sum.

Rocke moves to Cor Cordis

KordaMentha managing partner Cliff Rocke has taken on a new role, joining the Perth office of the advisory firm that is handling the collapse of residential construction group Builton.

Goyder to step down as Wesfarmers boss

Wesfarmers managing director Richard Goyder will step down this year after more than 12 years in charge of the company to be replaced by his deputy, Rob Scott.

Board Moves February 13, 2017

KIN Mining has appointed Trevor Dixon, current long-standing managing director, as non-executive chair following the resignation of Terry Grammer.  Current chief executive Don Harper will become ma

IMF Bentham launches $US200m investment vehicle

Litigation funder IMF Bentham has launched a $US200 million investment vehicle to expand its business in the US.

Kin chairman resigns as board restructures

Perth-based gold explorer KIN Mining has announced a board restructure that includes a change in chair and managing director roles, as it works towards development of its Leonora project.

Macmahon in deal with Indonesian miner

Macmahon Holdings has been chosen by an Indonesia-based company to asses options to expand a copper-gold mine, and has been named preferred contractor under a three-year term if plans to expand go ahead.

Board Moves February 10, 2017

Alloy Resources has appointed Allan Kelly as non-executive director following the resignation of Andre Marschke from the board.

Disability service providers merge

Rocky Bay has merged with fellow disability services provider Valued Independent People, following an extended period of collaboration.

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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.

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.

$45,000 fine for Osborne Park builder

An Osborne Park-based building company and its nominated supervisor have been fined a combined $45,000 for negligent work that led to the roof of one house blowing off and another being badly damaged during a storm.

Chevron to spend $US2bn on Gorgon, Wheatstone

Energy giant Chevron has committed $US2 billion ($A2.7 billion) next year towards completing its Gorgon and Wheatstone projects in Western Australia.

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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.