Business News

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Dr Matthew Greentree has become the managing director of Ausgold, having served as its chief executive since April 2017.

Henderson-based Austal has secured a $29.7 million contract to build two additional Pacific patrol boats on top of an existing $305 million federal government program, days after German shipbuilder Lurssen awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels.

Emerge Gaming (formerly Arrowhead Resources) started trading on the ASX today, after the former junior explorer completed a reverse takeover of private technology company Gaming Battle Ground for $3.7 million, and raised $5 million via an initial public offering.

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.

West Perth-based Tungsten Mining has tapped investors for $20 million as the company seeks to progress its Mt Mulgine project in the Murchison region.

Former Perth finance broker Peter Lachlan McDonald has pleaded guilty to giving false information and fraud charges following an investigation by the corporate watchdog.

Peter Torre has been appointed an independent non-executive director of Veem, a marine propulsion and gyrostabilisation company.