Business News

Board Moves July 5, 2019

Frontier Resources has appointed Alec Pismiris as non-executive director, following the resignation of Fenix Dong from the board.

FMG to award $500m of Eliwana contracts

Fortescue Metals Group says it expects to award over $500 million of Eliwana project contracts by the end of year, as construction officially started on the $1.8 billion project today.

State seeks museum proposals

The state government is calling for food, beverage and retail businesses to submit proposals to operate three commercial spaces in the new museum.

Board Moves July 4, 2019

Peter Spitalny has resigned from the board of Ardiden.

Lauren Elliott launches new production company

Business News 40under40 winner Lauren Elliott has announced the launch of Galactic Baby, a new production company based in Western Australia.

Appointments July 4, 2019

Our weekly appointment wrap includes Rick Newnham, Brendan Acott, Tyron Hayes, Danny Murphy, Cameron Syme, Kristy Ryan, Paul Martin, Kenn Donohoe, Helen Sarcich, Nick Houldsworth, Matthew Read, Gary Thomas, Lucy Mengler, Rachel Horton, Richard Lilly, Lauren Haygarth, Donna Marsh, Peta Rapson, Stephanie Driscoll, Maree Ferguson, Susan Oldmeadow-Hall, Danny Olsen, Mark Giuffre, Timothy John, Melissa Reid, Jackson Wheeler, Daniel Butler, Tamara Arapovic, Garry Zacher, and Tamica D'Uva.

Highway Constructions wins $16m Kalgoorlie contract

Highway Constructions has won a $15.8 million contract for dual-carriage highway construction and intersection improvement works at Kalgoorlie.

Pura shares soar after it strikes $6.5m deal

Shares in Pura Vida Energy surged more than 80 per cent higher today, to 3.1 cents, after it secured a binding farm-in agreement with UK-based Gemini Resources to earn a 35 per cent interest in two onshore oil and gas projects in Poland.

B.Braun wins $44m hospital contract

International medical services company B.Braun has secured a $44.2 million state government contract for the supply of volumetric infusion pumps and administration sets to Western Australian public healthcare units.

Board Moves July 3, 2019

Our daily board moves wrap includes Mark Clark, Mark Okeby, Douglas Jendry, Mark McAuliffe, Oonagh Malone, David Palumbo, Nathan Lude, Fei Peng, Ron Heeks, Matthew Smith, Glenn Zamudio, Ian Clyne, Simon Adams, Garry Perotti, Mark Stowell, and Mark Bojanjac.

Laing O'Rourke, BG&E win $134m Main Roads contract

Main Roads WA has awarded Laing O'Rourke and BG&E a $134 million construction contract for the Armadale Road to North Lake Road bridge project.

Chalice sells Canada projects for $13m

West Perth-based Chalice Gold Mines has entered into a binding share purchase and royalty agreement to sell its gold assets in Quebec, Canada.

Multiplex to deliver $100m Amara project

Iris Residential has selected Multiplex to construct its Amara City Gardens retail living project in Booragoon.

Board Moves July 2, 2019

David Mimran and Farouk Chaouni have resigned as non-executive directors of Avenira.

Kalium secures $102m funding offer

Kalium Lakes is a step closer to a final investment decision on its Beyondie sulphate of potash project, after it received a credit-approved offer from German KfW IPEX-Bank for around $102 million.

Rachel Ward to head CinefestOZ jury

Rachel Ward has been announced as film prize jury chair for 2019’s CinefestOZ, to take place from August 28 to September 1.

ASIC bans Macro manager

The Australian Securities and Investments Commission has banned Western Australian company director Richard Philip Lambe from providing financial services for three years, the latest ban from its investigation into Veronica Macpherson's Macro Group.

Margaret River named top destination in Asia-Pacific

Lonely Planet has placed Margaret River ahead of Singapore, Fiji and Cambodia as its top destination in the Asia-Pacific region in 2019.

Board Moves July 1, 2019

Our daily board moves wrap includes Neil Biddle, Vyril Vella, John Rowe, Robert Kirtlan, Ken Poon, Kobe Li, Michael Carli, Adam Clode, Michael Di Tommaso, Terry Gardiner, Jamie Myers, Jordan Carlin, David Palumbo, Nathan Lude, Andrew Willis, Jack Fazio, and Alwyn Vorster.

Calima raises nearly $13m

Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.

BGC Residential fined $22,000

The state government has fined BGC Residential and nominated supervisor Thomas Edmund Starkey $22,000 and $10,000 for breaching building registration laws after roof defects were found in two Perth homes.

Board Moves June 28, 2019

Rodney Leonard and Bob Osmetti, founding directors of Lycopodium, will retire from their executive roles at the end of June and join the board as non-executive directors.

Perth business leaders raise thousands for CEO Sleepout

Crown Resorts’ Barry Felstead and ABN Group’s Andrew Roberts are among the top five fundraisers this year for Vinnie’s CEO Sleepout, raising more than $130,000 each to help break the cycle of homelessness.

Triton receives $20m from Jinan

Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.

Harvey names shadow ministry

Newly minted opposition leader Liza Harvey has revealed her shadow cabinet, with former leader Mike Nahan appointed as shadow minister for planning and Asian engagement.

Shell, APA win Kalium gas contracts

Kalium Lakes has awarded Shell Energy the gas supply contract, and APA Group the gas transport contract, for its Beyondie sulphate of potash project.

Board Moves June 27, 2019

Our daily board moves wrap includes Michael Edwards, Justin Brown, Kim Horne, Jim Walker, Eva Skira, Nicholas Revell, and Yugi Gouw.

TNG signs rail deal for Mt Peake

TNG has signed a binding contract with rail operator Genesee & Wyoming Australia to haul product from the Mount Peake vanadium-titanium-iron mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.

Appointments June 27, 2019

Our weekly appointment wrap includes David Gray, Aaron King, Gareth Martin and Richard Seville.

Transparency issues for City of Melville

The state government inquiry into the City of Melville has highlighted transparency issues, following nearly 300 complaints made against the City since 2014.

Govt to spend extra $30m on community services

The state government says it will reverse indexation changes made by the previous Liberal National Government, and commit an additional $30.2 million to the community services sector.



$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.

most commented

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.