Business News

Board Moves July 21, 2017

Tech Mpire has awarded a business consultancy contract to Mathew Ratty, who was appointed non-executive director of the company in February.

Paladin's Langer Heinrich stake worth $526m

Paladin Energy says it is entitled to receive about $US416 million for its majority stake in the Langer Heinrich uranium mine in Namibia, following an independent evaluation of the asset.

Attila completes New Century reverse takeover

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Optus to spend $1bn on regional coverage

Dunsborough, Gracetown and Monkey Mia will be among a number of locations around regional Australia that can expect better mobile coverage after Optus today confirmed plans to spend $1 billion to improve its network.  

Mixed results for Woodside

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf. 

Nuheara taps investors for $9m

Local tech company Nuheara has tapped investors for $9 million to fund ongoing development and enhancement of its IQbuds wireless headphones.

Board Moves July 19, 2017

Dr Adam Darkins has been appointed non-executive deputy chair of Medibio.  Dr  Darkins earned widespread US and international recognition for his leadership of telehealth programs at the US Departm

WA still lacking in female leadership

Western Australia is behind the mark when it comes to female leadership at ASX-listed companies, but gender diversity has improved on the boards of the nation’s top public companies.

Metro taps investors for $38m

Metro Mining shares were up 20 per cent after the bauxite hopeful announced the completion of a $38 million capital raising through Perth broking firm Argonaut.

Monadelphous wins $55m in new work

Monadelphous Group has been awarded three contracts in the mining, energy and renewables sectors, to the value of $55 million.

Citizenship rules claim another Greens senator

Greens co-deputy leader Larissa Waters has resigned from the Senate after revealing she holds dual citizenship, just days after Scott Ludlam left federal parliament for the same reason.

Perth trucking business goes under

Australian Road Express – a Perth-based transport subsidiary of Rivet Group (formerly known as McAleese Group) – has been put into the hands of receivers, leaving 180 jobs at risk.

Kyckr in global tie up with Bloomberg

John Van Der Wielen-chaired Kyckr announced to the ASX today that it has signed a deal with global information services giant Bloomberg to provide global business registry data for the data service’s customers.

Rio eyes lower end of shipment target

Rio Tinto has slightly pared back expectations for full-year shipments of iron ore, as ongoing rail track maintenance work slows down its ability to export the steel making ingredient.

Board Moves July 17, 2017

David Whitaker, founder of Thred, is stepping down as executive director but will remain with the company as a non-executive director.

Solid growth for PharmAust's chemistry arm

Claremont-based biotech company PharmAust has announced a record year for its synthetic and medicinal chemistry subsidiary, and has flagged further growth in the year ahead.

Veem to meet profit, dividend targets

Canning Vale-based Veem says it will meet its forecast net profit target of $4 million when it reveals its first full-year results as a listed company.

People Moves July 14, 2017

Legal appointments

Board Moves July 10-14, 2017

Brian Simons has been appointed head of sales at AssetOwl. Mr  Simons has been in software sales for 10 years.

Perth cobalt explorer in Canadian takeover

A Canadian company has entered into an agreement to acquire Perth-based Cobalt One under an all-scrip deal that values the target at about $63 million.

App/tech business of the week ~ LaunchMii

A crowdfunding-matching platform that aims to bring live fundraising campaigns to the attention of those looking to invest.

Kidman falls on Mt Holland JV plans

Kidman Resources’ stock stock fell for a second consecutive day, despite the company seeking to quell investor unease around its joint venture agreement with a Chile-based lithium producer.

Crothers to upgrade Geraldton school

The state government has awarded Crothers Construction a $15.7 million contract to upgrade John Willcock College in Geraldton, which will be providing education for more year groups from 2019.

WA businesses embrace digital marketing

A new report has highlighted the importance small, medium and large Western Australian businesses place on digital marketing, and the challenges they face.

K2fly buys data collaboration company

Subiaco-based software company K2fly has made its first acquisition since listing on the ASX last year, announcing today the purchase of a local specialist data collaboration company that counts the state's three biggest iron ore miners as its clients.

Poseidon finds gold use for Black Swan

Poseidon Nickel and Aphrodite Gold have agreed to form a jointly-owned company to own Poseidon’s processing facilities at its Black Swan nickel operation and Aphrodite’s nearby gold tenements.

Board Moves July 7, 2017

Chris Els has resigned as company secretary of Danakali. The company has appointed Melissa Chapman and Catherine Grant-Edwards as joint company secretaries.

Asic clamps down on sophisticated investor loophole

The corporate watchdog has made an example out of Kwickie Investments – which is run by the founder of failed music streaming service Guvera – over the misuse of the ‘sophisticated investor’ status.

Barminco wins $236m Western Areas extension

Mining contractor Barminco will continue providing its services to Western Areas’ Flying Fox and Spotted Quoll nickel mines under a $236 million contract extension.

Board Moves July 6, 2017

Prosperity Resources has granted managing director and chair Mohammed Munshi four months leave of absence to attend to personal matters unrelated to the activities and his role in the company.



$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.