Business News

Board Moves February 8, 2019

Stephanie Unwin has stepped down as non-executive director of Zenith Energy, following her appointment as chief executive of Horizon Power.

Pilbara Ports posts exports decrease, despite single-tide record

Pilbara Ports Authority has recorded a slight decrease in throughput for the month of January compared with same month a year prior, despite the Port of Port Hedland achieving a single-tide record tonnage in the month.

Wood to chair South32

South32 has elected Karen Wood as the next chair of its board of directors, replacing current chairman David Crawford, who will retire on April 12.

Luxe into liquidiation

Perth-based chauffeur company Luxe Charters has gone into liquidation.

Board Moves February 7, 2019

Grant Davey has resigned as non-executive director of Boss Resources.

Tempo shares slump 20% on 2018 results

Shares in Tempo Australia have closed the day’s trade at 10 cents each, a fall of 20 per cent, after the contractor announced it was $4.5 million in the red for the year to December.

Altura directors to fund majority of $28m raising

Altura Mining has announced details of a capital raising to fund its Altura lithium project in the Pilbara, with company directors contributing $15.46 million towards the financing package.

Barminco wins $100m contract

Ausdrill subsidiary Barminco has secured a $100 million underground mining services contract from Hindustan Zinc at its Rampura Agucha mine in India.

Orbital lowers guidance on production delays

Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.

Appointments February 8, 2019

Our weekly appointments wrap includes Kristal Kinsela-Christie, Katina Law, Jahna Cedar, Andrew McConville, Grahame Coles, Paul Beeson, Scott Marisett, Rachel Bruechle, Warren Harding, Matthew Budge, Sharon Brown, Elle Pound, Neil Martin, Rob Korda and Matthew Rosich.

Board Moves February 6, 2019

Zane Lewis has been appointed non-executive director and joint company secretary of Vital Metals.

Virgin Australia names new CEO

Former DP World Australia boss Paul Scurrah has been tapped as the new chief executive of Virgin Australia.

Optus hit with $10m fine

Optus has been ordered to pay a $10 million fine, one of the highest penalties to be imposed by the Federal Court, for misleading its customers over digital content.

Densford wins $6.4m contract

Osborne Park-based Densford Civil has been awarded a $6.4 million contract for safety improvement works along the South Coast Highway in Albany.

Board Moves February 5, 2019

Our daily board moves wrap includes His Highness Sheikh Maktoum Hasher al Maktoum, David Lenigas, Alex Duncan-Kemp, Dan Smith, Jess Oram, David Sanders, Mike Pitcher, Michael Fry, Keith Bowes, Adam Kiley, Stuart McKenzie, Mathew O'Hara, Paul Criddle, Marat Abzalov, and Peter Woods.

Coles in SW selloff, Centuria buys warehouse

ASX-listed property investment fund Centuria has acquired an industrial property in Canning Vale for $18.1 million.

Sea Harvest fishes for takeover of Mareterram

South Fremantle-based seafood company Mareterram has backed a takeover offer from its largest shareholder, Sea Harvest.

Granny Smith to go solar

Gold Fields has awarded Aggreko a contract to construct and operate a microgrid with 20,000 solar panels and battery storage, which will be integrated with the existing natural gas power supply to reduce fuel consumption at the Granny Smith gold mine near Laverton.

GR Engineering wins $16.3m EPC contract

GR Engineering Services has secured an engineering, procurement and construction contract for a wellfield at OZ Minerals’ Carrapateena copper-gold project in South Australia.

Board Moves February 4, 2019

Our daily board moves wrap includes Bradley Marwood, Peter Christie, Richard Whiting, Simon Forth, Clive Carver, YeongJin Heo, SungWon Yoon, John Carlile, John Westdorp, Carol New, Craig Hall and Dean Calder.

KWM expands Perth practice

King & Wood Mallesons, which ranks as the fourth largest law firm in WA, has expanded its local office with two lateral hires, Carl Black and Sam Dundas.

Sedgman claims extra $50m on Heron project

ASX-listed Heron Resources has received a claim from CIMIC Group subsidiary, Sedgman, for $49.9 million in extra costs for works at its flagship Woodlawn zinc-copper project in New South Wales.

Austal raises revenue forecast by $600m

Henderson-based shipbuilder Austal has increased its full-year revenue projections to $1.9 billion, thanks partly to better-than-expected procurement levels from the US Navy for its littoral combat ships.

Appointments February 4, 2019

ECU is on its way to complete its goal to appoint more than 20 professors from around the world to increase its research activity, with the appointment of its 18th professor, Michelle Colgrave.

Board Moves February 1, 2019

Our daily board moves wrap includes Quentin Megson, Tony Chamberlain, Brett Tucker, Benjamin Donovan, Leslie Pereira, Ray Shorrocks, Ran Kaspi, Anat Peled, Grant Osborne, David McEntaggart and Nicki Farley.

Perth Mint adds donuts to its range

The Perth Mint is injecting some fun into the world of bullion investing by releasing a new range of collectable coins featuring none other than The Simpsons.

Lucapa in $22.9m diamond sale

Lucapa Diamond Company has announced it has sold US$16.7 million ($22.9 million) worth of diamonds at an Angolan auction.

Board Moves January 31, 2019

Our daily board moves wrap includes Klaus Eckhof, Frazer Tabeart, Ian McCubbing, Guy-Robert Lukama, Yves Ilunga, Terence Clee, James Ellingford, Mathew Perrot, Rohan Dalziell, Alec Pismiris, David Sanders and Harry Karelis.

CV Check posts maiden cashflow positive quarter

Online screening and verification company CV Check has generated a cash surplus of $200,000 for the December quarter, its first cash positive quarter since it was founded in 2004.

NRW buys RCR businesses for $10m

Belmont-based contractor NRW Holdings will purchase the mining and heat treatment businesses of RCR Tomlinson for $10 million.

Board Moves January 30, 2019

Our daily board moves wrap includes Steven Zaninovich, Simon Jackson and Paul Stephen.



$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 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.

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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.