Business News

Galena gains Toho backing

Galena Mining has struck a deal with Japanese company Toho Zinc to invest up to $90 million in stages in the Abra zinc project in the Gascoyne region.

AGIG to expand WA’s largest gas storage facility

Australian Gas Infrastructure Group has announced it is expanding its Tubridgi gas storage facility near Onslow in the north-west of Western Australia.

Women on ASX200 boards hits all time high

Women accounted for 29.7 per cent of ASX200 board members by the end of last year, an increase of more than 10 percentage points since the Australian Institute of Company Directors in 2015 called for ASX200 companies to achieve 30 per cent female representation on boards by the conclusion of 2018.

ClearVue partners with Vicinity for solar trial

West Perth-based ClearVue Technologies has launched the first commercial trial of its photovoltaic solar panel, with the glass structure installed at Warwick Grove shopping centre.

TAMS wins $33 million tender

Marine services company TAMS Group has been awarded the tender for the replacement of Berth 3 deck and fender in Port Hedland six months after previous contractor York Civil went into administration.

Board Moves January 29, 2019

Our daily board moves wrap includes Martin Purvis, Kevin Small and Dane Etheridge.

WA identities receive Aus Day Honours

Prominent Western Australians, including the late Stan Perron, Peter Botten, John Atkins, and Michael Fitzpatrick have been recognised for their service to the business community at this year’s Australia Day Honours.

Austal investigation expands to US

US federal agents have conducted a search at Austal’s offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.

Neurotech to raise up to $3.3m

Neurotech International has announced it is seeking to raise up to $3.3 million via a rights issue, with plans to use the funds to change the strategic direction of the company’s Mente product.

Board Moves January 21-25, 2019

This week's board moves wrap includes Chris Evans, James Brown, Bradley Boyle, Neil Hackett, Peter Spitalny, Mike Young, Tomer Segev, Eran Gilboa, Justin Walawski, Wen Qian, Jason Livingstone, Robert Klug, Paul Kitto, Paul Burton and Mark Strizek.

AusCann buys Perth R&D site for $5.3m

AusCann Group Holdings has acquired a 7,300 square metre research and development facility in Perth for $5.25 million

Moody’s lifts outlook on WA credit rating

Moody’s has lifted the outlook on Western Australia's Aa2 credit rating from ‘stable’ to ‘positive’, citing the state government's "strong fiscal resolve" as a key factor.

Insolvency appointments Dec 13 2018 to Jan 24 2019

FirmAppointee/SolicitorRoleCompany NamePublished DateCor CordisJeremy Joseph NippsliquidatorST ACN116292463 Pty Ltd24/01/2019BRI FerrierAlan Geoffrey ScottliquidatorGoldfinger Facility Management

Milestone for Rio local procurement program

Rio Tinto has awarded its 100th work package to local businesses in the Pilbara, as part of its program designed to increase opportunities for businesses in Western Australia.

Board Moves January 14-18, 2019

This week's board moves wrap includes Allan Tan, Matthew Watson, Jeremy King, Carol New, Brendon Morton, Vincent Ledoux-Pedailles, Scott McWilliam, Mary Ploughman, Jeffrey Moore, Katie Tovich, Brendan Harris and Peter Finnimore.

Petrel, Warrego appoint Biggs

David Biggs has been appointed as a non-executive director at Petrel Energy and Warrego, subject to shareholder approval at an extraordinary general meeting in March.

WA house market sentiment gap widens

Western Australians are keen to buy new homes and investment properties, much moreso than in the rest of the country, but existing owners are unwilling to sell, a survey by National Australia Bank has found.

Appointments January 25, 2019

Accounting firm BDO has expanded its advisory team appointing Courtney Gibson as executive director of advisory and Samantha Moody as executive director of cyber resilience.

NRW wins $65m contract

NRW Holdings has secured a $65 million civil works contract at Rio Tinto’s Koodaideri mine, located in the Pilbara.

AVZ to raise up to $10m

AVZ Minerals is seeking to raise up to $10 million via a share purchase plan, primarily to advance its Manono lithium and tin project in the Democratic Republic of Congo.

Northern Star expects cost rise

Northern Star Resources’ full-year production guidance remains unchanged at a healthy 850,000-900,000 ounces, but its shares slumped today after it flagged a lift in all-in sustaining cost guidance.

Asic appoints Morgan Stanley to sell Tribune shares

The Australian Securities and Investments Commission has appointed Morgan Stanley Wealth Management to sell approximately 12 million ordinary shares in Tribune Resources.

Valmec wins $22m contract

Valmec has secured a $22 million deal with Jemena to conduct facility construction works at its Atlas Gas Pipeline project in south-west Queensland.

Galaxy Resources lifts Mt Cattlin estimate

Lithium miner Galaxy Resources has flagged a strong increase in its estimate of reserves and resource at its Mt Cattlin Project, located two kilometres north of Ravensthorpe, following its latest drilling activities.

Power Ledger in Japanese partnership

Local blockchain company Power Ledger has announced a partnership with Japan-based solar panel provider Sharing Energy.

Sheffield signs LNG deal with Woodside, Energy Developments

Sheffield Resources has signed a deal with Woodside Petroleum and Energy Developments for the supply of liquified natural gas to the Thunderbird mineral sands project in the Kimberley.

BHP flags $840m hit

BHP Group has highlighted a $US600 million (approximately $840 million) fall in earnings due to production disruptions at its Australian and Chile operations.

Tams expands into Qld

Marine services company TAMS Group has expanded outside of Western Australia, acquiring two Queensland-based companies with a combined staff of about 150 employees.

MZI to sell Keysbrook

MZI Resources has decided to explore the sale of its Keysbrook mineral sands mine after recurring technical setbacks left the company saddled with high debt.

GR Engineering secures $50m of work with Tellus

GR Engineering Services has been awarded the engineering, procurement, and construction contract for Tellus Holdings’ Sandy Ridge facility, located 140 kilometres north-west of Kalgoorlie.

Swift strengthens resources portfolio

Telecommunications provider Swift Networks has won multiple contract extensions and expansions, as well as a new contract, in the resources industry.



$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 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.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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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.