Business News

Gold aspirant Capricorn Metals has locked in a $107 million debt package, while Subiaco-based TNG has appointed a German bank to lead a $US600 million ($850 million) debt raising.

Ramelius Resources has revised its hostile takeover offer for gold-focused Explaurum, adding a 2 cents per share sweetener to its original deal.

Local tech company Transaction Solutions International has acquired a Sydney-based cloud management business in a deal worth $8.6 million.

Premier Mark McGowan has reallocated six portfolios within his cabinet, including the energy portfolio being transferred from Treasurer Ben Wyatt to Mines and Petroleum Minister Bill Johnston.

Admedus has appointed LiShan Zhang and YanHeng Wu as non-executive directors, representing its major investor Star Bright Holding.

MACA has been awarded a $28 million contract for work at Adaman Resources' Kirkalocka gold project near Mt Magnet.

John Evans has been appointed finance director of Crusader Resources.

WestStar Industrial has secured an $8 million contract for construction work at Tianqi Lithium's Kwinana processing plant.

The state government has awarded consultancies Rawlinsons WA and Turner & Townsend cost estimating contracts for Metronet worth a combined $3.8 million.

Jussi Nunes has been appointed to the newly-created role of group chief financial officer at Goldfields Money, following the merger with Finsure.

Japanese company Terra Drone Corporation has taken a 50 per cent stake in Perth-based drone technology company C4D Intel.

Kidman Resources has reached a settlement with parties in relation to a minimum expenditure obligation for a series of tenements at its Mt Holland project near Southern Cross.

The Chamber of Commerce and Industry of WA has returned to profit after three years of major restructuring that has cut staff numbers and revenue to one third of 2014 levels.

The federal government has forced the sale of 30 properties in Western Australia worth nearly $50 million, which were illegally acquired by foreign nationals since 2015.

Aspire Mining has appointed Achit-Erdene Darambazar and Boldbaatar Bat-Amgalan as non-executive and executive directors respectively.

The state government has reluctantly accepted an improved offer from the Commonwealth for remote housing funding.

Pindan has been awarded a $45 million contract to build a 780-room construction camp at Rio Tinto's $3.5 billion Koodaideri project in the Pilbara.

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.

Shares in IOOF Holdings have lost more than a quarter of their value after the prudential regulator moved to disqualify the beleaguered wealth manager's top brass and impose new licence conditions.

Laurent Raskin has been appointed non-executive director of Celsius Resources.

Gold miner Tribune Resources has purchased Singapore-based explorer Prometheus Developments in a deal worth $30.3 million.

Gold Road Resources has increased the forecast annual output for its half-owned $621 million Gruyere gold project, while confirming first production remains on track for mid-2019.

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Advanced Braking Technology has promoted current chief financial officer John Annand to chief executive. He succeeds Peter Hildebrandt who has stepped down from the role.

Admedus has appointed Kiran Bhirangi as chief medical officer, based in Minneapolis.

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

Perth rich lister and Mineral Resources director Tim Roberts has bought a $29.6 million stake in the diversified mining company.

ASX-listed property investment fund Centuria has acquired two adjacent industrial properties in Perth's eastern suburbs for $23.8 million.

Exporters have agreed to place a three-month moratorium on sheep exports to the Middle East, months after TV footage revealed poor conditions on board a live export vessel departing Fremantle.

Avenira has appointed Charles Graham as project director of the Baobab Expansion and Upgrade investment project at its Phosphate Project in the Republic of Senegal.

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