Business News

Rare earths project blowout to add nearly $92m

Hastings Technology Metals has reported that capital costs of its Yangibana rare earths project are expected to be approximately $427 million, compared to the $335.3 million figure it outlined in its definitive feasibility study.

Corporate finance deals Mar 4 to 8 2019

Eon NRG is pleased to announce that the Company’s rights issue, as detailed in the Prospectus dated 6 February 2019, has been well supported by Eon’s shareholders and new investors and is now closed h

Decmil wins $46m Main Roads WA contract

Decmil has been awarded a $46 million contract from Main Roads Western Australia to design and construct a dual carriageway and overpass in Perth.

Board Moves March 8, 2019

Our daily board moves wrap includes Gang Xu, Malcolm Castle, Kenneth Charteris, Dan Hilerowitz, Marcel Hilmer, and Ron Chamberlain.

Wormall wins $7.3m in contracts at LandCorp project

Wormall Civil has been awarded two contracts totaling $7.3 million for works at Peel Business Park.

Appointments March 8, 2019

Our weekly appointments wrap includes Danicia Quinlan, Patima Tantiprasut, Brigitte Smith, Bevan Sturgess-Smith, Emma Leys and Hayley Cormann.

Board Moves March 7, 2019

Peter Linford and Ray Betros have resigned as non-executive directors of IndiOre.

Austal seeking hundreds of WA workers

Austal is on a recruitment drive for an extra 260 Western Australian workers to fill vacancies at its Henderson facility.

Decmil wins $72m Warradarge contract

Decmil Group has secured a $72 million contract for balance-of-plant works at the 180-megawatt Warradarge wind farm.

Board Moves March 6, 2019

Our daily board moves wrap includes Warren Hallam, Jonathan Shellabear, Tim Kestell, Douglas Jendry, Debra Bakker, Geoff Rogers, Peter Benjamin, Chris Baker, Stephen Stroud, and Stuart Bodey

CCIWA places headquarters up for sale

The Chamber of Commerce and Industry of WA has put its Hay Street headquarters on the market, appointing CBRE and Knight Frank to sell the 7-storey, 5,240 square metre office building.

BGC wins Northern Star Resources contract

BGC Contracting has been awarded a $30 million contract to develop the Ramone Gold Project for Northern Star Resources, a week after BGC confirmed it would still seek to sell the contracting business.

Phoenix wins $388m Navy contract

The Perth-based Australian subsidiary of Phoenix International has secured a contract with the Royal Australian Navy.

Carnegie first-half losses up nearly 400%

Carnegie Clean Energy has reported a net loss of $45 million for the half year, largely due to a write-down to the value of its intellectual property.

Board Moves March 5, 2019

Our daily board moves wrap includes Evan Cross, Craig Burton, Chris Bath, Charles Morgan, Stephen Keenihan, and Allan Boss.

Telstra to have 50 fewer centres

Telstra is set close its approximately 78 business centres and open 28 business technology centres in their place.

Regional power rollout moves to Esperance

The state government has continued its rollout of off-grid renewable systems, with Perth-based CPS National set to install micro power systems in the Esperance region.

Record medal haul for WA tourism

Western Australian tourism businesses have won 16 medals at the 2018 Qantas Australian Tourism Awards, the largest medal haul for the state since the awards' inception in 1985.

Board Moves March 4, 2019

Brendan Borg has stepped down as managing director of Celsius Resources but remains on the board as non-executive director. He will consult to the company during a 3-month handover period.

Corporate finance deals Feb 25 to Mar 1 2019

Capricorn Metals advises that the Share Purchase Plan described in the offer booklet dated 6 February 2019 closed on 21 February 2019.

Board Moves March 1, 2019

Our daily board moves wrap includes Mariah Khoury, Nicki Farley, Mathew O’Hara, Oonagh Malone, Chris Banasik, Steve Parsons, Andrew Vickerman, Marcus Engelbrecht, Stephen Copulos, Andrew Richards, Greg Gaunt, Tony Chong, David McGowan, Rachel Kerr, Kate Sainty, Steven Wood, Jason Conroy, Robert Martin, Tim Wither, Ian McCubbing, Tony Lofthouse, Phil Bruce, Rick Crabb, and Philip Crabb.

UGL buys RCR maintenance business

RCR Tomlinson Administrators McGrathNicol has announced UGL has purchased the RCR Upgrades and Maintenance business.

Mineral Resources wins naming rights for Eagles' nest

The West Coast Eagles’ new $50 million training facility in Lathlain is now known as Mineral Resources Park, with the diversified mining group signing a sponsorship deal with the reigning AFL Premiers.

Catalyst raises $13m via Hancock

Catalyst Metals has announced that Gold Exploration Victoria, a subsidiary of Hancock Prospecting, has agreed to subscribe for a $13.02 million placement of Catalyst shares.

Board Moves February 28, 2019

Our daily board moves wrap includes Rebecca Broughton, Kym Verheyen, Steven Zaninovich, Chris van Wijk, and Darren Townsend.

Govt agency, contractor fined over worker death

State government agency VenuesWest and contractor Perth Aluminum Scaffolds have each been fined $90,000 over the death of a worker who fell through a skylight in the roof of HBF Stadium in Mt Claremont.

Civmec South Flank contract to create 80 jobs

Civmec has secured a fabrication and assembly contract at BHP’s South Flank iron ore project in the Pilbara, taking its total at the project to $48 million.

Appointments March 1, 2019

Our weekly appointments wrap includes Scott Nugent, Michael Britton, Charmaine Reay, Paul Hindle, Jon Ricciardone, Deborah Terry, and Frank McLoughlin.

Board Moves February 27, 2019

Jamie Armes has resigned as company secretary of Alta Zinc. Current finance director Stephen Hills will take over the role of company secretary.

Consortium launches Roe Highway Logistics Park

A consortium of leading property developers and investors, including Fini Group, Minderoo Group and Linc Property, has today launched a major new industrial estate in Perth, the Roe Highway Logistics Park (RHLP).

Tempo wins up to $30m in Woolies work

Tempo has secured a contract with Woolworths estimated to be worth between $20 million and $25 million over a three-year term, with a scope for more works over the contract term worth about $5 million.



$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.

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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.