Business News

PODCAST: The Law Society of WA

Focusing on how Western Australia is tackling the need for more density and the law underpinning this growth, this podcast with Moharich & More director Belinda Moharich and Business News associate editor Dan Wilkie examines some current topics hitting the headlines, particularly in relation to infill development and density.

Anova Metals seeks $6.7m

Gold explorer Anova Metals will appoint a new managing director upon completion of a proposed $3.9 million capital raising, while also entering into a loan agreement with a Hong Kong-based investment group for $2.5 million.

Board Moves February 28, 2020

Our daily board moves wrap includes JianDong He, WeiJun Meng, AnGang Shen, ChengHu Zhu, Claire Poll, Natasha Santi, Donald Argent, Peter Thomas, Jordan McArthur, and David Nixon.

Rio reports 200mt deposit at Western Range

Rio Tinto today reported the discovery of around 200 million tonnes of iron ore reserves at its Western Range deposit, following the completion of a pre-feasibility study and the signing of a non-bind

Appointments February 28, 2019

Our weekly appointments wrap includes Dean Hely, Ashleigh Lin, Billy Meston, Andrew Stevens, Rob Arthur, Richard Whiting, Mark Major and Paul Underwood.

Board Moves February 27, 2020

Terry Stinson has been appointed non-executive director of Aurora Labs, following the decision by Mathew Whyte to step down from the board but remains as company secretary until the end of March.

WA tops global mining destinations

Western Australia is the top jurisdiction in the world for mining investment, moving up from second place a year earlier, according to a recent survey from the Fraser Institute.

Medusa reports mine site fatalities

Perth-based Medusa Mining has reported an accident at its Co-O gold mine in the Philippines, resulting in the death of two of its employees.

CBH awards major contracts to WCP, Georgiou

CBH Group has awarded contracts to WCP Civil and Georgiou Group, as part of what it expects to be more than $200 million in planned spending on the company’s network this year.

Board Moves February 26, 2020

Brendan White has resigned as chief executive of Cash Converters International due to increased family commitments.

Tech companies win $6.6m in govt contracts

Adelaide-based MGM Wireless has received a $3.5 million contract renewal with the Department of Education while Datacom Systems has secured a $3.1 million contract with the Department of Transport.

Board Moves February 25, 2020

Credit Intelligence has appointed prominent banker Mark Paton as an independent non-executive director, following the resignation of Mel Ashton from the board.

Insolvency appointments February 12 to 25 2020

There have been 18 insolvency appointments to Western-Australian-incorporated companies in the last two weeks.

Firm Construction wins work at RPH

Subiaco-based Firm Construction has secured a $7.8 million state government contract to build a new helicopter landing pad at the Royal Perth Hospital.

Swick Mining launches strategic review

Swick Mining Services has begun a strategic review of its drilling and mineral technology divisions, while at the same time announcing its first interim dividend in five years.

Board Moves February 24, 2020

Our board moves wrap includes Mark Potter, Maktoum Hasher al Maktoum, Edward Mead, Fiona Murdoch, James Ellingford, Christopher Dunks, Andrew Liveris, and Martin Parkinson.

Mondium contracts WBHO Infrastructure

WBHO Infrastructure has been awarded a $43.3 million sub-contract from Perth-based engineering firm Mondium for works at Rio Tinto’s Western Turner Syncline Phase 2 mine site.

Perth childcare centre sells for record yield

A new childcare centre in North Coogee has been sold off-market to a syndicate arranged by Perdaman for $7.1 million.

Board Moves February 21, 2020

Our board moves wrap includes Brett Fraser, Stuart Usher, Jay Stephenson, Jacqueline Barry, Hinda Gharbi, Jennifer Nason, Ngaire Woods, and Russell Hardwick.

MACA appoints new CEO

Former Downer executive Mike Sutton has been appointed as MACA chief executive after Chris Tuckwell announced he would be stepping down from the role, following an 11-year stint. MACA has also appointed Chris Sutherland to its board as a non-executive director.

Major agri-tech event for Perth

Business Events Perth has announced that ‘evokeAG’, Asia Pacific’s largest agri-tech event, will come to Perth in February next year, the first time the event will be held outside of Victoria.

Appointments February 21, 2020

Our weekly appointments wrap includes Andrew Stevens, David Crothers, Bellevue Gold, Paul Good, Ken Seymour, John O'Neil, Wally Newman, Neil Foster, Dominic Da Cruz, Jason Kunkler and Stacey Molloy.

Board Moves February 20, 2020

Our board moves wrap includes Mark Licciardo, Belinda Cleminson, Maja McGuire, Mark Twycross, Adrian Smith, Kieran Purcell, Chris Tuckwell, Mike Sutton, Chris Sutherland, and Michael Mann.

Austal lifts profit by 72%

Austal’s Alabama shipyard has propelled the Henderson-headquartered shipbuilder to a record half-year earnings performance and a solid lift in net profit.

Little Green Pharma falls on debut

Little Green Pharma began trading on the ASX today, with its shares closing 10 cents below the price of its initial public offering, despite signing a five-year supply contract with a UK pharmaceutical company overnight.

Shorewater wins $7.4m in contracts

Wangara-based Shorewater Marine has secured maintenance and construction works, including at Busselton Jetty, worth a combined value of $7.4 million.

Macmahon wins $200m Silver Lake contract

Macmahon Holdings has received a letter of intent from Silver Lake Resources for further work at the Mount Monger gold operations, including development of the new Santa mine.

Board Moves February 18, 2020

Perdaman Advanced Energy, a renewable energy developer and part of Perdaman Industries, has appointed Andrew Stevens as chief executive, succeeding Dominic Da Cruz who is relocating overseas temporari

Board Moves February 17, 2020

Nicola Betteridge has replaced Mariah Khoury as company secretary of 333D. Nicholas Day has replaced Ian Hobson as company secretary of Rewardle Holdings.

Rio Tinto approves $98m solar plant plan

Rio Tinto has announced the development of a $US98 million ($A144 million) solar plant at its Koodaideri mine in the Pilbara, which is expected to supply around two thirds of the mine’s average electricity demand once completed.

Asset Realty fined $80k

Mandurah Magistrates Court has hit Queensland-based property manager Asset Realty with an $80,000 fine, for failing to lodge tenancy bonds on time as well as falsifying dates on records.



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.