Business News

ASIC bans Perth director

The Australian Securities and Investments Commission has disqualified the founder and chief executive of labour hire company Ochre Workforce Solutions from managing companies for five years.

Curtin appoints Longreach Media, Carat

Curtin University has appointed Perth-based agencies Longreach Media and Carat Perth to work on the university’s domestic media planning and buying.

Board Moves November 14, 2019

David Woodall, chief executive of Superior Lake Resources, will be leaving the company. He will continue in the role until he has completed a handover of responsibilities to the board.

Appointments November 15, 2019

Our weekly appointments wrap includes Severine Logan, Michael Murphy, Peter Egan, Gningala Yarran-Mark, Kevin Gallagher, Ian Davies, Darren Hedley, Zoe Yujnovich and Paul Graham.

Monadelphous expands to South America

Engineering company Monadelphous has entered the Chilean market with the acquisition of two jointly-owned mining services providers, Buildtek and Maqrent.

Pawsey tenders for $70m project

Pawsey Supercomputing Centre has announced a tender as part of a $70 million new supercomputing system to replace its existing Magnus and Galaxy supercomputers.

Insolvency appointments October 30 to November 12 2019

There have been 32 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Board Moves November 13, 2019

Dr John Clarke will join the board of AVZ Minerals as non-executive chair at the start of December.

Yolk, Ventura picked for housing project

A new land and house development is set to revitalise the former Kinlock Primary School site in Ferndale, with Yolk Property Group and Ventura Home Group appointed as project managers.

Breaker to raise $8m

Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia.

Board Moves November 12, 2019

Comet Resources has appointed Matthew O'Kane as managing director, and Philippa Leggat will step down as chief executive.

Pantoro puts $25m price tag on plant refurbishment

Gold producer Pantoro announced it has completed a processing plant options review and scoping estimate at the Norseman processing facility in Western Australia.

Spectrum defends VMC’s claim

Spectrum Metals announced it has filed and served its defence to a claim from Venus Metals Corporation in relation to Spectrum’s acquisition of DJ Carmichael’s Penny West gold project in Western Australia.

Panoramic criticises IGO offer

Panoramic Resources has advised shareholders not to take action in respect of the off-market takeover offer launched last week by Independence Group, while also criticising some of the conditions attached to the offer.

Board Moves November 11, 2019

Our daily board moves wrap includes Sandra Bates, John Richards, Victor Turco, Yuri Nehushtan, Elizabeth Brennan, Hans Schut, Christian Brehm, Wing Kee Cheng, Hao Wen, and Bill Lee.

Regional operators win big at tourism awards

Busselton Jetty and Sandalford Wines made big showings at the 47th WA Tourism Awards, picking up several gold awards and distinctions between them.

Police investigate mine site death

updated: Pilbara Minerals temporarily suspended its operations today after Homicide Squad detectives were called to investigate a suspicious death at its Pilbara lithium mine.

AGIG awarded Woodside pipeline project

Australian Gas Infrastructure Group has been awarded a contract by Woodside Petroleum to build a gas pipeline connecting the Pluto LNG plant with the North West Shelf venture's nearby Karratha gas plant.

AVZ to raise $14m

Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China.

Board Moves November 8, 2019

Jeremy Sinclair, managing director of Battery Minerals, will transition to the role of non-executive director on November 22.

Vacancies fall in rental market, rent rise could follow

The latest data from Perth’s rental market suggests landlords could potentially look forward to rising rents in coming months, with vacancies continuing to decline while leasing activity ramps up across the city.

Fogarty named WA Australian of the Year

Perth philanthropist Annie Fogarty has been announced this year’s WA Australian of the Year for her work in education advocacy.

Minderoo signs lease with Exmouth for new research hub

The Minderoo Foundation will begin development of a new research centre near the Ningaloo Reef following the signing of a lease agreement with the Shire of Exmouth.

Appointments November 8, 2019

Our weekly appointments wrap includes Ian Campbell, Steven Finney, Simon Morten, Margrete Chaney, Jayson Miragliotta, David Michael, John Phillimore, Graham Sansom, Anne Wood, Henry Zelones, Duncan Ord, Felicity Horn, Adam Radford, James Clement, Aman Sandhu and Jane Betts.

Konekt supports increased APM offer

West Perth-based APM has been forced to lift the value of its takeover offer for Konekt by 30 per cent after a competing bidder lodged a proposal for the ASX-listed health solutions provider.

ASIC bans WA finance broker

The Australian Securities and Investment Commission announced today it has banned Element Finance Group director Tim Zheng from engaging in credit activities for at least three years.

Board Moves November 5, 2019

Dr Jon Hronsky OAM and Peter Stuntz have been appointed non-executive directors of Azumah Resources.

Perth building surveyors fined $35,000

Building surveying company Resolve Group and its two directors have been fined a total $35,000 for negligence after signing off on three buildings that failed to meet fire safety requirements.

GR Engineering wins $24.5m contract

GR Engineering Services has signed a $24.5 million contract with Saracen Mineral Holdings to upgrade the processing plant at the Carosue Dam gold mine in Western Australia.

Pointerra to raise $2.5m

Subiaco-based Pointerra has announced commitments to raise $2.5 million through a share placement, primarily to fund the recruitment of further employees and technical resources.

Board Moves November 4, 2019

Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.



$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 tax agent deregistered

The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.

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.

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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.

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.