Business News

Tiger signs $23m facility

Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans.

Board Moves September 25, 2017

Coventry Group has announced the retirement of non-executive director Ken Perry and the appointment of Rod Jackson as chief financial officer.

Board Moves September 22, 2017

Heron Resources has appointed Peter Rozenauers and Ricardo De Armas as non-executive directors.

MCA chief to hand over reins

Minerals Council of Australia chair Vanessa Guthrie has announced the resignation of chief executive Brendan Pearson after four years at the helm.

Barminco recruits Thiess exec as CEO

Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.

Board Moves September 21, 2017

Chris Evans has been appointed chief operating officer, a newly created position, at Altura Mining. He has been Altura’s general manager of operations since July 2015.

Neometals recruits Peak CEO

Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.

Avita signs $30m contract expansion

Health technology company Avita Medical has signed a $US24.3 million ($A30.5 million) expansion to its contract with a US government research agency, for further funding of its ReCell device trials.

Red 5 flags further impairments

Gold junior Red 5 has flagged a further $30 million impairment charge against its Siana gold project in the Philippines, on top of a $70 million write-down on the asset in March.

Seven completes $375m raising

Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.

Board Moves September 20, 2017

Chris Adams has joined the board of Newzulu as non-executive director.

Board Moves September 19, 2017

Mobile and e-health company, G Medical Innovations Holdings, has appointed Ashley Krongold as non-executive director.

ACCC tells car makers to lift their game

The consumer watchdog says some car manufacturers could be breaching Australian consumer law by leaving dealers high and dry over customer complaints.

Board Moves September 18, 2017

Jason Waller has been appointed chief executive of Spookfish. Mr  Waller has extensive experience in defence, aviation, infrastructure, transportation and technology.

Servtech to build new Reiwa app

Recently listed tech company Servtech Global Holdings has won a contract to develop a new app for the Real Estate Institute of Western Australia.

MZI to upgrade Keysbrook

Mineral sands miner MZI Resources will spend $5 million to significantly upgrade the output capacity of its Keysbrook operation near Serpentine, which has been underperforming since it came online in 2015.

Board Moves September 15, 2017

Gang Xu has been appointed non-executive director of RMA Energy. Mr  Xu has more than 20 years of senior management experience with companies in China, Australia and Korea.

Kobelke to head Swan Valley inquiry

Former police minister and Labor member for Balcatta, John Kobelke, has been appointed to head a review of the Swan Valley’s planning framework, Planning Minister Rita Saffioti announced today.

Servtech sells rent roll for $1.5m

Osborne Park-based software as a service provider Servtech Global has agreed to sell its rent roll business in two parcels totalling $1.5 million to Summit Development Corporation, part of the Summit Homes Group, and Housemart Real Estate.

Board Moves September 14, 2017

Andi Zain has resigned as non-executive chair of migme.

Castillo in $3.4m raising

Castillo Copper has raised $3.4 million as the company seeks to undertake drilling to reopen the Cangai copper mine in NSW.

Pancontinental in $US7.7m Namibian deal

Shares in West Perth-based energy hopeful Pancontinental Oil & Gas were up 33 per cent today after the company sold part of its stake in a Namibian offshore exploration licence to Africa Energy for $US7.7 million ($9.6 million).

Board Moves September 13, 2017

Kula Gold has appointed current non-executive director Mark Bojanjac as non-executive chair.

Lithium Australia, Poseidon in MOU

Poseidon Nickel has secured its fourth memorandum of understanding to develop the Lake Johnston nickel project, with today’s move to explore for lithium with Lithium Australia.

People Moves September 13, 2017

Curtin Law School director, consumer and small business law Eileen Webb has been appointed to the Law Reform Commission of WA.

Board Moves September 12, 2017

Xi Xi is no longer a non-executive director of Galaxy Resources.

Board Moves September 11, 2017

HearMeOut, an Israel-based social media app developer, has appointed Glenn Whiddon as non-executive chair and David Tasker as executive director.

Mineral Commodities in $4.6m graphite deal

Welshpool-based Mineral Commodities has signed an agreement with Gold Terrace to earn-in to the Munglinup graphite project West of Esperance in a part cash, part scrip deal worth about $4.6 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.

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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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.

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.