Business News

AngloGold snares new CEO

Gold miner AngloGold Ashanti has poached one of the top executives from rival Barrick Gold to replace outgoing chief executive Srinivasan Venkatakrishnan.

Ardea releases study on $1.17bn project

Ardea Resources has released an expansion study for its Goongarrie nickel-cobalt project in Kalgoorlie, with the company detailing a 2.3mtpa capacity at a cost of $1.17 billion.

Clough JV locks in Mongolian contract

A joint venture between Perth-based companies Clough and RUC Cementation Mining Contractors, which are both owned by South Africa’s Murray & Roberts, has secured two mining contracts in Mongolia.

Board Moves July 23, 2018

Leading managed service and IT solutions provider Cirrus Networks has appointed Paul Everingham as non-executive director following the resignation of Patrick Glovac from the board.

Finlayson sells $12m Saracen stake

Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.

O'Neill to lead Public Sector Commission

The state government’s education boss, Sharyn O'Neill, has been appointed as the first ever female Public Sector Commissioner in Western Australia.

Board Moves July 20, 2018

Avita Medical has expanded its management team in the commercial, legal and medical affairs functions to support the planned US launch of the RECELL® Autologous Cell Harvesting Device in the treatment

Wammco gets $5m state loan

Sheep meat producer WAMMCO has received a $5 million loan for upgrades at its Katanning processing plant as part of the state government’s cooperative loan scheme.

Egan Street upbeat on gold project

Gold-focused Egan Street Resources says it will cost $36.1 million to bring its Rothsay project in the Murchison region into production.

Silver Lake hits gold target

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.

Board Moves July 19, 2018

ZhaoYa Wang has been appointed chief executive of Focus Minerals following an approval by the Department of Home Affairs in granting him a visa to work in Australia.

Poseiden flags $56.7m restart at Black Swan

Poseidon Nickel has released a feasibility study confirming the viability of restarting its mothballed Black Swan project near Kalgoorlie, with an estimated capital expenditure of $56.7 million.

Board Moves July 18, 2018

After 9 years, Geoff Jones has stepped down as non-executive director of Azumah Resources due to increased executive and business commitments.

NRW secures $176m South Flank contract

NRW Holdings has joined the likes of Clough, Decmil and CPB in securing work at BHP Billiton’s $4.6 billion South Flank iron ore project in the Pilbara, after announcing a $176 million contract to complete earthworks at the site.

Mod in $27m copper deal

MOD Resources has moved to full ownership of its T3 copper project in Botswana, after acquiring UK-based Metal Tiger’s stake of the project in a scrip deal worth $26.6 million.

Board Moves July 16-17, 2018

Beadell Resources has announced a restructure of its management and board.

Board Moves July 9-13, 2018

Dr Robert Brookins has been appointed chief executive and managing director of Alexium International Group.

Pindan wins Parkerville contract

Pindan has been awarded the design and construction contract for the first stage of an $18.5 million youth care centre project in Midland.

Panoramic to reopen nickel project

Panoramic Resources has announced it will reopen its mothballed Savannah nickel project in the east Kimberley, after securing a $40 million loan facility with Macquarie Bank.

Emeco lifts earnings in FY18

Heavy equipment supplier Emeco Holdings has posted operating earnings of $153 million in its preliminary financial year results, which included a strong fourth quarter performance due to a ramp-up in new projects.

Kasbah releases tin project DFS

Kasbah Resources has released a new definitive feasibility study for its Achmmach tin project in Morocco, which outlines a capital cost of $US96.4 million ($130 million).

Valmec, WBHO secure Water Corp contracts

Engineering and construction group Valmec and Geraldton-based WBHO Infrastructure have secured infrastructure contracts with Water Corporation at its facilities in Western Australia.

MinRes graphite JV begins study

Mineral Resources’ diversification strategy continues to gain ground as its joint venture with Hexagon Resources has begun a feasibility study at the McIntosh graphite project in the Kimberley.

Deloitte revenue hits $2bn

Professional services company Deloitte has recorded a 15 per cent rise in national revenue for the 2018 financial year, including improved activity in Western Australia after four tough years.

Engineering exec joins Gallagher

Engineering and resources sector executive Simon High has taken a new role as Western Australia area director at international insurance broker Gallagher.

Pindan secures $60m contract

Pindan has been awarded the construction contract for the $60 million MYVISTA aged care facility in Mirrabooka.

InvoCare in SW funeral buy

Listed funeral company InvoCare has continued to expand its market share in Western Australia, after purchasing South West business Archer & Sons Funeral Homes.

WA woman gets prison sentence for tax breaches

A 65-year-old Geraldton woman has been handed a suspended prison sentence after failing to lodge tax documents dating back to 2008.

Orbital soars on FY18 results

Shares in local tech firm Orbital Corporation soared today after the company’s preliminary financial year results showed net profit of $1.8 million.

Venturex discloses $1m price tag for camp

Two days after announcing a deal to buy a mine camp for its planned Sulphur Springs copper-zinc project, Venturex Resources has issued a follow-up statement with details of the purchase.

Qteq locks in NT contract

Georesources company Qteq has secured a borehole data contract in the Northern Territory following the recent acquisition of Western Australian companies Surtech and WellServ.



$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.

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.

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.