Business News

Source: ASIC

Monadelphous Group and Lycopodium will leverage each others' strengths to target engineering, procurement and construction projects in the minerals processing sector under a new joint venture.

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Local gold miner Northern Star Resources has entered into a joint venture agreement to acquire a major stake in Pioneer Resources' Acra gold project near Kalgoorlie in a deal worth up to $3.5 million.

4DS Memory has tapped investors for $4 million to fund ongoing development of its memory technology.

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.

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

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.

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.

Perth-based Pioneer Credit has appointed Anne Templeman-Jones to the board as non-executive director.

Trevor Lovelle has been appointed chief executive officer at Aged and Community Services of WA, the peak body for providers, representing church, charitable and local government organisations.