Business News

Board Moves October 17, 2019

Our daily board moves wrap includes Flemming Bjoernslev, Anthony Polglase, Dean Hely, Cliff Lawrenson, and Roderick Webster.

Appointments October 17, 2019

Our weekly appointments wrap includes Michael Hughes, Craig Lennard, Tim Searle, Jade Macukatt, Alex Gregg, Gemma Cooper, Alex Ward-Noonan, Steve Blyth, Dean Lavers, Robert Wilton, Colin La Galia, and Martine Keenan.

Main Roads awards $17m contract

Central Earthmoving has secured a contract for the construction of 4.5 kilometres of new carriageway and new traffic lights on the Great Northern Highway.

Canva raises $125m

Perth-founded online design platform Canva has raised $US85 million ($125 million), which it said had boosted its value to $US3.2 billion.

Board Moves October 16, 2019

Our daily board moves wrap includes Uwe Henke Von Parpart, David Welch, Alistair Cowden, Mark Hanlon, Anthony McIntosh, Victor Rajasooriar, Richard Hill, Ryan Gurner, Sarah Curnow, Kate Stoney, John Zimmerman, Mark Calderwood, Paul Kitto, and Daniel Noonan.

Two juniors raise capital

AusQuest is set to raise $2.4 million to advance exploration projects in Western Australia and Peru, while Sagon Resources tapped the market for $1.25 million.

Board Moves October 15, 2019

Benjamin Donovan has replaced Adam Webb Ware as company secretary of HotCopper Holdings.

Hanssen fined for Vue accident

Hanssen has been fined $47,500, after a tilt-up panel fell from a Finbar Group development onto parked cars, with the construction work being supervised by someone without adequate qualifications.

Board Moves October 14, 2019

Our daily board moves wrap includes Tim Mason, Charlie Bass, Tim Staermose, Colin La Galia, Martine Keenan, Paul Goldfinch, Simon Mitchell, Ashley Hood, and Ian Macliver.

Corporate finance deals Oct 7 to 11 2019

A summary of last week's smaller deals that did not get included in our daily news coverage.

$25m of resources contracts

Kalium Lakes has awarded three gas infrastructure contracts valued at a combined $20 million, while Tianqi Lithium selected a contractor for $5 million worth of works.

Garlick appointed Freo CEO

Former Western Bulldogs chief executive Simon Garlick will replace Steve Rosich as chief executive of the Fremantle Dockers.

Perth Mint launches token offering

The Perth Mint has today announced the launch of a gold token, partnering with fintech startup InfiniGold to launch the world’s first gold token guaranteed by a sovereign entity.

Board Moves October 10, 2019

Our daily board moves wrap includes Kevin Matthews, Bruce McQuitty, Michael Edwards, Peter Gammell, Jeff Kennett, and Luke Martino.

Appointments October 11, 2019

Our weekly appointments wrap includes Glen Kelly, Matthew Benson-Lidholm, Kim Brooklyn, Erica Haddon, Mellisa Teede, Tim Wither, Don Harper, Evan Kirby, Polly Gee, Richard Van Ruth and Anna Donald,

People Moves: Seven West, Micromine and Global Rapid Rugby

Peter Gammell and Jeff Kennett will step down as directors of Seven West Media, while Micromine and Global Rapid Rugby have appointed new chief executives.

ALH Group granted key approval in Como Hotel redevelopment

Redevelopment plans for The Como Hotel are a step closer to reality, with property developer and Woolworths subsidiary ALH Group having been granted a variation on its existing liquor licence.

Board Moves October 9, 2019

Our daily board moves wrap includes Mark Calderwood, Mark Turner, Ed Mason, Philip Crutchfield, Peter Mullens, Hans Mende, Brian Beem, and Gregg Taylor.

Power Ledger piloting platform in Malaysia

Power Ledger has announced it will launch a pilot trial of its blockchain-enabled renewable energy trading platform, partnering with Malaysia's Sustainable Energy Development Authority (SEDA).

Tourism Council calls for broader industry action

Tourism Council WA has encouraged the state to attract more international students and events, as the state government touted figures from Tourism Research Australia as proof its marketing campaigns were paying off.

Board Moves October 8, 2019

XiaoHua Liu has resigned as non-executive director of Northern Minerals.

Apology to Badri Gosavi

Yesterday, Business News published an article titled “Prominent Perth restaurateur accused of extortion”, which featured a photo of Giovanni Pezzano and Badri Gosavi prior to the formal opening of The Meatball Bar in Leederville in 2014.

Cape wins $12m Rio contract

Mining and utilities services company Cape has been awarded a contract by Rio Tinto at its Robe Valley project in the Pilbara.

Perkins starts $15m Western Power construction

Perkins Builders has continued its streak of contract wins, after it was awarded the main construction works for a $15 million Western Power depot in Pinjarra.

Cape taps Hutchinson as CEO

Utilities infrastructure and mining services company Cape has announced its co-founder, Peter Rowles, has stepped down as chief executive and has been replaced by chief operations officer Greg Hutchinson.

Board Moves October 4, 2019

Our daily board moves wrap includes Garry Perotti, Simon Adams, Reina Nicholls, Michael Rennie, Brian Phillips, Rob Tyson, Alan Bye, and Phillip Lockyer.

Airport upgrades still up in the air

Funding for terminal upgrades at the Busselton-Margaret River Airport remain up in the air as Jetstar has announced it will operate direct flights between Melbourne and Busselton in March of next year.

$40k penalties after WA pilots underpaid

The operators of a scenic and commercial helicopter flights business in regional Western Australia have been fined $40,260 after it was found guilty of underpaying two pilots.

Neometals signs MOU for $692m project

Neometals has entered into a memorandum of understanding with a Chinese research organisation to jointly advance development of the miner’s Barrambie titanium-vanadium project.

Appointments October 4, 2019

Our weekly appointments wrap includes Nigel Blythe-Tinker, Mark Potts, Philip Mirams, Cameron Britt, Adam Stock, Donna Carrington, Prasad Arav, Sinead Taylor, Corinne Hawke, Robbie Williamson, Mark Ra

Board Moves October 3, 2019

Kathleen Bozanic has joined the board of Independence Group as non-executive director.



$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.