Business News

Inner suburbs apartments approvals

A $55 million development in West Leederville and a $27 million development in Mount Lawley have been approved this past week, with more than one hundred residential spaces to be completed in Perth’s north within in the next three years.

SRG wins $20m Brisbane contract

SRG Global has secured a $20 million contract for the $175 million, 26-level Midtown Centre project in Brisbane.

Board Moves June 26, 2019

Richard Seville will join the board of Agrimin as non-executive chair in August, replacing Brad Sampson who will remain with the company as non-executive director.

$4.9m Esperance weir contract

The state government has awarded a $4.9 million contract to a Bibra Lake-based company for the construction of a new weir at Bandy Creek Boat Harbour in Esperance.

Four charges laid over worker's death

WorkSafe is prosecuting four parties over the death of 17-year-old Wesley Ballantine, who fell through a void in the roof during a construction project at the old General Post Office building in Forrest Place in 2017.

Orion’s Prieska to cost $378m

Orion Minerals has released a bankable feasibility study for its Prieska zinc-copper project in South Africa, which details a $378 million capital cost and 2.4 million tonne per annum operation.

Real IQ joins TCN Worldwide Welcomes

Locally-based Real IQ Real Estate Company has joined the member network of international company TCN Worldwide Real Estate Services.

Nuheara shares fall on market update

Shares in Nuheara have slumped up to 20 per cent today, after takeover bid to acquire it did not proceed and it discontinued its LiveIQ product.

Altura names new major shareholder

Altura Mining has a new major shareholder, after Ningbo Shanshan acquired Shaanxi J&R Optimum Energy’s shares in the lithium miner.

Board Moves June 24, 2019

Our daily board moves wrap includes David Flanagan, Ivy Chen, Paul Glasson, Ged Hall, Robert Scott, Peter Meagher, Frank Knezovic, Jim Simpson, Jon Latto, and Kim Massey.

AVZ increases Manono stake

AVZ Minerals has increased its stake in the Manono lithium and tin project by 5 per cent for US$5.5 million from Datchom Mining.

LNG flowing at Pluto again

Woodside Petroleum has announced it has restarted production at its Pluto LNG plant, following maintenance delays at the plant.

Kobelke passes away aged 69

Former Western Australian government minister and Labor MP John Kobelke, who served in state parliament for nearly 25 years, has passed away aged 69.

Two JV's win $30m PTA works

The Public Transport Authority has awarded an engineering services contract for its network and infrastructure division to joint ventures involving SMEC and GHD.

Barminco wins $800m Africa contract

Ausdrill’s underground contractor subsidiary, Barminco, has been awarded a five-year underground mining services contract at a copper mine in Botswana worth around $800 million.

Board Moves June 21, 2019

Beverley Nichols has been appointed joint company secretary of Alliance Mineral Assets.

Property Council wants density debate changed

A report commissioned by the Property Council of Australia has found many Perth residents value the benefits of density.

TADWA acquires TL Eng unit

Bassendean-based company Technology for Ageing and Disability WA has acquired the mobility division of TL Engineering.

Bishop to chair Telethon Kids

Perth’s Telethon Kids Institute has announced former foreign affairs minister Julie Bishop will be its next chair.

Board Moves June 20, 2019

Bronwyn Barnes and Richard Watson have been appointed non-executive directors of Synergy.

Appointments June 21, 2019

Our weekly appointment wrap includes Chris Sutherland, Alan Cransberg, Bennie Ng, Glenn Thompson, Paul Boyatzis, Steve Clifford, Rob Heaslop, Dean Will, James Durrant, Basil Hanna, Bronwyn Barnes, Ric

MACA backs Blackham again with $12m

MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

New MD at Programmed

Programmed has announced Chris Sutherland will retire as managing director in September, to be succeeded in the role by Glenn Thompson.

Board Moves June 19, 2019

Fraser Range Metals has advised of the resignation of Glenn Whiddon, and the appointment of Zane Lewis, as non-executive director. Mr  Lewis will continue in his role as company secretary.

Perth as appealing as Melbourne and Sydney: report

Perth’s inferiority complex is holding it back from potential growth and development, as it is viewed to be as appealing as Australia’s largest cities, a new report has found.

Board Moves June 18, 2019

BARD1 Life Sciences has appointed Max Johnston and Philip Powell as non-executive directors.

Bard1 raises $7.5m, makes board changes

Cancer-focused medical technology company BARD1 Life Sciences has raised around $7.5 million via a share placement and rights issue, and has appointed two non-executive directors to its board.

Fleetcare secures $150m in funding

Wangara-based Fleetcare has struck a $150 million deal with an undisclosed major Australian bank, which it says will pave the way for additional growth.

Podcast: Office Hours with Damian Stone

Host Damian Stone sits down with John Nicolaou and Brodie McCulloch to discuss jobs and the changing nature of work in the latest episode of Office Hours, the property podcast of Business News.

DJ Carmichael acquired by Shaw and Partners

Shaw and Partners has acquired Perth-based financial advisory and planning firm DJ Carmichael, which has approximately $650 million funds under its advice.

Board Moves June 17, 2019

Our daily board moves wrap includes Rodney Moonen, Geoffrey Nicholson, Cheryl Edwardes, Alok Kumar Mehta, QingTao Zeng, Noel O'Brien, Quinton Hills, Catherine Anderson, and Chris Mews.



$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.