Business News

Board Moves June 5, 2020

Our board moves wrap includes Marat Abzalov, Grant Pierce, Glenn Whiddon, George Bauk, and Colin McCavana.

Marney given IR reform role

Former Western Australian under-treasurer Tim Marney has been appointed deputy chair of the federal government’s five industrial relations working groups. Christian Porter, who will chair the working groups, announced Mr Marney’s appointment this week.

Foreign investments to face tough new test

Foreign investors will face a tough new national security test designed to protect Australia's critical assets from falling into the wrong hands.

Fee relief for WA apprentices

More than 3,000 apprentices and trainees will be eligible for free courses of up to six months as part of the state government’s latest effort to safeguard the future of Western Australia's workforce.

Appointments June 5, 2020

Our weekly appointments wrap includes Alan Langford, Robert Carlile, Ian Grant, Andrea Hoskins, Barry Hartnett, Travis Harvey, Michael Milne and Austin Devaney.

Board Moves June 4, 2020

Our board moves wrap includes Ron Heeks, Ian Clyne, Jeffrey Sengelman, David Tretbar, Ian Hobson, and Bruce Waddell.

Legend Mining seeks $20m

Legend Mining has launched a $20 million share placement to progress its nickel-copper project in the Fraser Range, while fellow Western Australian explorers Auroch Minerals and Xantippe Resources have also announced capital raisings.

Macmahon wins $700m contract

Mining contractor Macmahon Holdings has secured $700 million in work with Byerwen Coal for services at the company’s mine in Queensland.

State govt awards $117m maritime contract

Broadspectrum has secured a $117 million contract for work on maritime facilities along the Western Australian coast, as part of a wider state government initiative to support small businesses.

Indigenous contractor wins Eliwana work

Aboriginal-owned business Mallard Deemy has secured $11 million in contracts with Fortescue Metals Group for work at the Eliwana iron ore mine in the Pilbara.

Peel Health Campus upgrades to resume

Upgrades to the emergency department at Peel Health Campus will resume later this month, with the works awarded to Canning Vale-based contractor Devlyn Construction.

WA outperforms in March as Australia heads to recession

Western Australia's internal economy grew 0.9 per cent in the March quarter even as Australia as a whole contracted 0.3 per cent, but those numbers mostly predate the economic impact of the COVID-19 lockdowns.

Board Moves June 2, 2020

Enterprise Metals has appointed Dr ChangShun Jia as non-executive director, following the resignation of Dr ZhiJun He from the board.

Federal Court rules live export ban 'unreasonable'

A ban on live exports in 2011 has been ruled invalid by the Federal Court, following a long-running dispute between 300 producers and former agriculture minister Joe Ludwig.

Mineral exploration down amid COVID-19

The Australian minerals sector has experienced a 20 per cent drop in exploration spending over the March quarter, with industry groups calling for more government support.

RBA holds rate, economic outlook uncertain

The Reserve Bank of Australia has kept the cash rate at a record low 0.25 per cent at its monthly board meeting as it assesses the extent of the coronavirus-driven economic downturn.

Board Moves June 1, 2020

Our board moves wrap includes Peter Williams, Matthew Foy, Bruce Lane, Emma Gilbert, Eric Moore, Bruce Waddell, Mike Sutton, Neil Whitaker, Greg Foulis, Melissa Chapman, Catherine Grant-Edwards, Erlyn Dale, Winton Willesee, Malcolm King, and Edward Farrell.

Fortescue fails in native title appeal

The High Court has dismissed Fortescue Metals Group's application to appeal a native title ruling covering its Solomon iron ore mine in Western Australia's Pilbara region.

WA hospital visit restrictions to ease as surgeries increase

Restrictions on visiting hours at Western Australian public hospitals aimed at slowing the spread of coronavirus will be partially eased next week.

Board Moves May 28, 2020

Simon Grant-Rennick has resigned as non-executive director of Force Commodities. He joined the board in August 2019 after vending the Tshimpala Project in Malawi.

Appointments May 29, 2020

Our weekly appointments wrap includes Camis Smith, Richelle Baker, Jason Musca, Antonios Papaspiropoulos and Matthew Johnson.

Board Moves May 27, 2020

Adam Jacoby will be retiring as chair of Esports Mogul due to increasing commitments in his executive roles as director of global and strategic innovation at Swinburne University and in global democra

Targett to chair Police & Nurses

Melbourne-based Stephen Targett has become chair-elect of banking group Police & Nurses, after Paul Gabb announced he would retire at the company’s AGM in November 2020.

Advisory group appointed for WA recovery

The state government has set up an advisory group, with executives from more than 20 businesses and community groups, to provide advice on the impacts of COVID-19 and measures to help economic recovery.

Western Force to rejoin rugby in July

The Western Force has accepted an offer from Rugby Australia to participate in a proposed one-off domestic competition this year.

Local businesses get govt boost

The state government will implement a number of procurement changes for goods and services contracts in a bid to help Western Australian businesses recover from the impacts of COVID-19.

Board Moves May 26, 2020

Our board moves wrap includes Simon Lyons, Don Koch, Robert Ramsay, Martin Monro, Jason Kunkler, and Shannon Green.

Insolvency appointments April 29 to May 26 2020

There have been 29 insolvency appointments to Western-Australian-incorporated companies in the last four weeks.

Six ship crew test positive to virus

Six crew members aboard a live export ship that arrived in Fremantle last week have tested positive to COVID-19, despite being cleared by a federal department, Premier Mark McGowan said.

Templeman puts Town of Cambridge on notice

Local Government Minister David Templeman has issued the Town of Cambridge with a 'show cause' notice, giving the council 21 days before it is suspended for a period of up to six months.

Kyckr launches $10m raising

Technology company Kyckr is raising up to $10 million from a placement and share purchase plan, with the Sydney-based firm planning to use the funds to build on recent international sales.



COVID-19 daily wrap: WA to ban regional travel

Mark McGowan says regional WA travel restrictions will soon be announced, foreshadows beach closures. Optus Stadium converted to emergency headquarters for WA police. WA's confirmed COVID-19 cases grew by 35 to 175.

COVID-19 daily wrap: WA closer to lockdown

WA's confirmed COVID-19 cases jumped by 20 overnight to 140. Premier Mark McGowan warned not enough people were adhering to social distancing rules. WA will go into border lockdown tomorrow while cafes, restaurants and bars were restricted to takeaway services only at 12pm today.

COVID-19 daily wrap: First community transmission in WA

Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

$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.

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Austal wins more maintenance work with US Navy

Henderson-based shipbuilder Austal has won a $US12 million ($A15.6 million) contract to provide maintenance work on a littoral combat ship it is currently building for the US Navy.

Carnarvon surges on gas test results

Shares in local oil and gas company Carnarvon Petroleum have surged on better than expected results at its Roc-2 well test offshore Port Hedland.

World's second-best hotel in Perth's CBD

Perth’s COMO the Treasury Hotel has been named the second best hotel in the world by travel publisher Conde Nast.

Gold Road project to cost $507m

Gold Road Resources has released its feasibility study on the Gruyere gold project near Laverton, which has detailed a $52 million increase in capital costs and a longer mine life.