Business News

Talga raises additional $3m for Vittangi project

Talga Resources has raised $3.25 million from an institutional placement, following the announcement of a $6 million raising from an oversubscribed share purchase plan earlier this week.

Plans for Bravo to go international

The Manjimup-bred burgundy apple Bravo is closer to being sold internationally, after businesses in Europe and South Africa signed an MOU to progress plans for its commercialisation.

South32 and Galaxy drop out of ASX indices

A quarterly rebalancing of S&P/ASX indices has resulted in South32 being relegated from the top 20 index, and Galaxy Resources being dropped from the top 200 index.

ASIC acts on $240m investment scheme

The corporate regulator is seeking to wind-up an alleged unregistered managed investment scheme run by Mt Hawthorn resident Chris Marco, who received about $240 million from 132 investors.

Appointments December 13, 2019

Our weekly appointments wrap includes Ian Hill, Sandra Eades, Joanne Farrell, Fiona Wood, Diane Jurgens, Ben Wessely, Kalea Haran, Melissa Perry, Pia Turcinov, Monish Paul, Claire Poll, Sharon Brown, Daniel Harvey, and Drew Hamilton.

Insolvency appointments November 27 to December 11 2019

There have been 33 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Talga raises $6m

Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.

Stirling speeds up small business approvals

The City of Stirling has streamlined the approvals processes and cut red tape for small businesses in the area, as part of the Small Business Friendly Approvals Project.

Macquarie invests in WA energy company

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

Primewest fund in $47m sale

A fund managed by Primewest has sold a historic building and an adjoining eight-storey office tower in Brisbane’s CBD for $47.4 million.

Board Moves December 6, 2019

Our board moves wrap includes Brett Clark, Paul Evans, Piers Lewis, Timothy Spooner, Neil Tomkinson, and Josh Pitt.

Board Moves December 5, 2019

Aspire Mining  has made some changes to its board with the appointment of non-executive director Achit-Erdene Darambazar as managing director, executive chair David Paull transitioning to the role of

Appointments December 6, 2019

Our weekly appointments wrap includes Margaret Doherty, Clint Ford, Shane Buise, Jakkie Skinner, Samantha Tough, Peter Clough and Kim Horne

Rare blends with Hearts & Science

Perth creative agency Rare has joined forces with one of the sector’s newest data and technology players, Omnicom Media Group’s Hearts & Science brand, to launch a media firm in Western Australia.

Board Moves December 4, 2019

Our board moves wrap includes Gary Goldberg, Neil Meadows, Peter Duerden, David Richardson, David Berrie, and Malcolm Norris.

Board Moves December 3, 2019

Our board moves wrap includes Alison Quinn, John Robinson, Ian Chang, Kevin Li, Piers Lewis, Luke Hall, Josh Puckridge, Loren King, Patrick O'Connor, Simon Heggen, Damien Marantelli, YiMin Zhang, Brett Smith, Ian Goldberg, Tamara Lissovski, Scott Mison, Dane Etheridge, and Ronnie Duncan.

Gruyere mine opens in Goldfields

Gold Road Resources and Gold Fields' $621 million Gruyere mine officially opened today, with Mines and Petroleum Minister Bill Johnston saying the project would create around 250 jobs over the next 12 years.

Board Moves December 2, 2019

Our board moves wrap includes Mark Syropoulo, Cathy Moises, Kate Stoney, Bradley Marwood, Peter Bewick, Henko Vos, Abby Siew, Grant Mooney, Les Davis, Doron Nevo, Michael Soucik, Dan Smith, Swee Chen Goh, Osagie Imasogie, Lisa Gray, Oludare Odumosu, Harry Karelis, Mara Gordon, and Stewart Washer.

Galaxy receives Alita debt repayment

Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium miner

Board Moves November 29, 2019

Our board moves wrap includes Rowan Johnston, John Young, Ashley Hood, Clive Jones, James King, Craig Read-Smith, ZeLing Li, JiaLin Li, and Craig Piercy.

Chinese group bids for lithium miner

Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.

Ruah, MHLC announce merger

Ruah Community Services has announced it will merge with Mental Health Law Centre, providing WA's disadvantaged population with increased access to legal and community services.

Insolvency appointments November 13 to November 26 2019

There have been 31 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Board Moves November 28, 2019

Our daily board moves wrap includes David Varcoe, Mark Maine, Neville Bassett, David Porter, Marc Ducler, Kelvin Flynn, David Berg, Brendon Morton, Jonathan Downes, Gary Comb, Klaus Eckhof, Michael Montgomery, David Nour, Patrick Burke, Michael Davy, Jurie Wessels, and James Clement.

Appointments November 29, 2019

Our weekly appointments wrap includes Tony Howarth, Jayden Rogers, Maria Davison, Mark Thompson and Ryan Northover.

Board Moves November 27, 2019

Dan Smetana will be retiring as non-executive director of Korab Resources at the start of next year. Mr  Smetana has been with the company since 2013.

Perdaman, Murujuga sign Burrup plant agreement

Perth-based Perdaman Industries has entered into an agreement with the Murujuga Aboriginal Corporation as part of its plans to build Australia’s largest fertiliser manufacturing plant near Karratha.

ASIC bans Perth financial adviser

The Australian Securities and Investments Commission has banned Peter Jianchao Xu from providing financial services for five years, after surveillance showed Mr Xu providing improper advice to clients.

Board Moves November 26, 2019

Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.

Illuminance shines light on digital literacy

Illuminance Solutions and the University of Notre Dame have announced a joint initiative to improve digital literacy among Indigenous Australians, to be piloted at the university’s Broome campus in early 2020.

Lateral to sponsor INCITE Awards

Lateral has announced that it will partner with WAITTA‘s The INCITE Awards next year, with the Perth-based hardware and software developer coming on board as a naming rights sponsor.



COVID-19 daily wrap: WA to ban regional travel

Mark McGowan says regional WA travel restrictions will soon be announced, foreshadows beach closures. Optus Stadium converted to emergency headquarters for WA police. WA's confirmed COVID-19 cases grew by 35 to 175.

COVID-19 daily wrap: WA closer to lockdown

WA's confirmed COVID-19 cases jumped by 20 overnight to 140. Premier Mark McGowan warned not enough people were adhering to social distancing rules. WA will go into border lockdown tomorrow while cafes, restaurants and bars were restricted to takeaway services only at 12pm today.

COVID-19 daily wrap: First community transmission in WA

Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

$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.

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Austal wins more maintenance work with US Navy

Henderson-based shipbuilder Austal has won a $US12 million ($A15.6 million) contract to provide maintenance work on a littoral combat ship it is currently building for the US Navy.

Carnarvon surges on gas test results

Shares in local oil and gas company Carnarvon Petroleum have surged on better than expected results at its Roc-2 well test offshore Port Hedland.

World's second-best hotel in Perth's CBD

Perth’s COMO the Treasury Hotel has been named the second best hotel in the world by travel publisher Conde Nast.

Gold Road project to cost $507m

Gold Road Resources has released its feasibility study on the Gruyere gold project near Laverton, which has detailed a $52 million increase in capital costs and a longer mine life.