Business News

Emerald contracts MACA for $365m

Emerald Resources has moved closer to developing its Okvau gold project in Cambodia after signing a $US230 million ($A365 million) mining contract with MACA.

Board Moves March 12, 2020

Helix Resources has made some board and management changes in order to accelerate progress on its 100%-owned Collerina Copper Project in central New South Wales.

Reprieve for lobster industry

Fisheries Minister Peter Tinley has unveiled a range of measures to support Western Australia’s rock lobster industry as a result of the worsening COVID-19 outbreak, including an extended fishing season and measures to increase local sales opportunities.

Appointments March 13, 2020

Our weekly appointments wrap includes Jane Lothian, Judith Uren, Tracey Roberts, Jason Thomson, Shane Love, Chris West, Richard Crane, Sue Holgate, Erin Papalia, Kylie Groves, Lynne Craigie, Karen Chappel, Danial Schecter and Marc Russo.

Board Moves March 11, 2020

Our daily board moves wrap includes Geoff Eyre, Steven Wood, Mathew Whyte, Peter Ravenscroft, Troy Hayden, Anna MacKintosh, Judith Uren, Russell Barwick, Peretz Schapiro, Angus Middleton, Richard Mehan, Paul Summers, Jason Peacock, and Troy Brice.

Orbital signs supply agreement with Boeing

Drone technology company Orbital Corporation has signed a memorandum of understanding with Boeing subsidiary Insitu to become its primary engine supplier.

Anglo to raise $5.5m

Gold explorer Anglo Australian has received commitments to raise $5.5 million through a share placement to fast-track exploration at its wholly-owned Mandilla project in Western Australia.

Aust home loan market surging

Home loans in Western Australia have reduced in value by 6.4 per cent in January, while the national figure increased by its fastest rate since mid-2019.

WA, PNG production issues plague Newcrest

Australia's largest listed goldminer says it expects to produce around 10 per cent less gold than previously forecast due to underperformance of its mines in Western Australia and Papua New Guinea.

Insolvency appointments February 26 to March 10 2020

There have been 32 insolvency appointments to Western-Australian-incorporated companies in the last two weeks.

Board Moves March 10, 2020

Michael Soucik has joined the board of Kula Gold as non-executive director.

ASIC bans Mark Goldenberg

Property analyst Mark Goldenberg has been permanently banned from engaging in any credit activities, after he was found operating an illegal early access to superannuation scheme in Perth.

Manheim facing $30m ransom demand

Global company Manheim Auctions has fallen victim to a $30 million ransom demand from cyber criminals who have locked its computer system in Australia.

South32, Ausquest extend partnership

South32 will continue to explore AusQuest’s projects in Australia and South America after the companies extended their strategic alliance agreement by two years.

Qantas slashes overseas flights

Qantas has slashed the capacity of its international flights by almost a quarter for the next six months due to the coronavirus impact. The airline also announced cost saving measures, including cuts in salaries for its top executives.

Board Moves March 9, 2020

Our daily board moves wrap includes Kim Robinson, Simon Coxhell, Gerard King, Greg Smith, Oonagh Malone, Joseph van den Elsen, John Lynch, Gary Comb, Richard Monti, Cliff Lawrenson, Mark Pensabene, Brett Tucker, Ian Pamensky, and Rachel Kerr.

Glory match postponed, govt steps up COVID response

A Perth Glory soccer game planned for next Wednesday has been postponed, while the state government has announced it would open three clinics at metropolitan hospitals tomorrow to test for coronavirus, as the epidemic escalates with WA’s sixth case confirmed today.

Zenith Energy in $150m takeover

Zenith Energy has entered a scheme implementation deed with Pacific Equity Partners, under which the company will be bought for $1.01 per Zenith share.

WA wins gold at national tourism awards

Five Western Australian tourism businesses have received gold medals at the recent 2019 Australian Tourism Awards ceremony, with recognition for best accommodation and food tourism excellence among the winning categories.

Barminco wins $200m contract

Perenti Global subsidiary Barminco has received a letter of intent from Canada-based Barrick Gold to provide underground mining services at the Hemlo mine in north western Ontario, under a proposed $2

Monadelphous worker dies in accident

Engineering and construction company Monadelphous has reported an accident at its workshop services facility in Kalgoorlie resulting in the death of one of its employees.

SMEs hit hard by late payments

New data shows small and medium businesses are waiting nearly two months on average to be paid, with smaller companies having to wait longer than their bigger counterparts.

VEEM opens new gyro facility

Marine technology company VEEM has today launched a new gyrostabiliser and a facility with the capacity to produce more than $100 million worth of gyros a year to cater for an anticipated uptick in demand.

COVID-19 could delay major LNG projects: report

Western Australia's liquefied natural gas sector has been largely unaffected to date by the COVID-19 crisis, but a new report shows travel restrictions and declining oil prices could slow development of major projects, including Woodside Petroleum and BHP's $16 billion Scarborough joint venture.

Appointments March 6, 2020

Our weekly appointments wrap includes Jenn Morris, Rick Smith and Steven Alexander.

Board Moves March 5, 2020

Timothy Turner has joined the board of European Lithium as non-executive director, following the resignation of Stefan Muller.

$9m in building and maintenance contracts awarded

WorkZone, Kleenit, Perkins Builders and LD Total have won three state government maintenance and building contracts.

IGO in $15m farm-in deal

Encounter Resources announced today that mid-tier miner IGO plans to build on their existing partnership by entering a farm-in and joint venture deal in the Paterson Province in the Pilbara.

Board Moves March 4, 2020

Dr MingYan Wang has been appointed managing director of Anova Metals.

Board Moves March 3, 2020

Our daily board moves wrap includes Daniel Prior, Andrew Wilson, Michael Spreadborough, Damien Marantelli, Yugi Gouw, Hemant Amin, Byron Pirola, David Morton, Ray Lee, and Shannon Robinson.

WA shadow cabinet reshuffle ahead of election

Steve Thomas and Tony Krsticevic are among those given more responsibility in changes to the shadow cabinet announced by opposition leader Liza Harvey on the weekend.



COVID-19 daily wrap: WA to ban regional travel

Mark McGowan says regional WA travel restrictions will soon be announced, foreshadows beach closures. Optus Stadium converted to emergency headquarters for WA police. WA's confirmed COVID-19 cases grew by 35 to 175.

COVID-19 daily wrap: WA closer to lockdown

WA's confirmed COVID-19 cases jumped by 20 overnight to 140. Premier Mark McGowan warned not enough people were adhering to social distancing rules. WA will go into border lockdown tomorrow while cafes, restaurants and bars were restricted to takeaway services only at 12pm today.

COVID-19 daily wrap: First community transmission in WA

Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

$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.

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Austal wins more maintenance work with US Navy

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.

Carnarvon surges on gas test results

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.

World's second-best hotel in Perth's CBD

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

Gold Road project to cost $507m

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.