Business News

Winlo joins Emerald Clinics

Medicinal cannabis research company Emerald Clinics has boosted its management team with the appointment of Michael Winlo as chief executive, ahead of an expected IPO later this year.

Board Moves October 2, 2019

Wayne Zekulich has been appointed an independent non-executive director of Pantoro.

Insolvency appointments September 18 to October 1 2019

There have been 31 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Kerman wins Kemerton lithium contract

Kerman Contracting has been awarded a contract for the design and construction of multiple warehouses and buildings at Albemarle Corporation’s lithium hydroxide production plant in Kemerton.

Board Moves October 1, 2019

Our daily board moves wrap includes Bayanjargal Byambasaikhan, Dan Thomas, Nicholas Day, Geoff James, Natalia Streltsova, Katherine Ostin, and Paul Doropoulos.

Mader Group has positive ASX debut

Shares in WA mining maintenance contractor Mader Group have traded at a premium to its initial public offering price on its first day on the Australian share market.

Oil Search names Botten successor

Former Buru Energy managing director Keiran Wulff will replace outgoing Oil Search managing director Peter Botten, with the long-serving leader to hand over the reins in February.

Phylogica partners with Lions Eye Institute

Phylogica has announced a commercial collaboration with Lions Eye Institute trading under the name Vision Pharma, bringing the biotechnology company a step closer to commercialising its drug delivery technology.

Corporate finance deals Sep 23 to 27 2019

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

Board Moves September 30, 2019

Geoffrey Laing has resigned as executive director of Anova Metals due to increase in work commitments from other business interests.

Saracen buys nickel project for $10m

Talisman Mining has stuck a deal to sell its Sinclair nickel project to Saracen Mineral Holdings for $10 million in cash plus royalties.

Board Moves September 26, 2019

Daniel Stefanetti has been appointed non-executive director of Australian Agricultural Projects.

Appointments September 26, 2019

Our weekly appointments wrap includes John Pizimolas.

Stavely shares soar 258% on drilling results

Shares in Stavely Minerals have more than tripled today after the junior reported “stunning” high-grade intercepts at a shallow depth at its Thursday’s Gossan porphry gold-copper project in western Victoria.

Direct Shanghai-Perth flights for 2020 trial

The state government has announced that China Eastern Airlines will trial direct flights between Shanghai and Perth in January and February of next year

Board Moves September 25, 2019

Our daily board moves wrap includes Peter Pawlowitsch, John Sims, Peter Westmacott, Pennee Osmond, Suzie Foreman, Tamara Lissovski, Janie Corke, Peter Cordin, and Tony Howarth.

Podcast: Office Hours with Damian Stone

This month’s edition of Office Hours is perfect Grand Final week listening, with host Damian Stone joined by a leader in WA's property and sporting industries - Russell Gibbs.

Programmed, Coogee back PSO

Programmed has announced a partnership with Perth Symphony Orchestra (PSO), the first major arts organisation the business has partnered with.

Subi Hotel sold

The proprietors of the Rose Hotel in Bunbury and the Exchange Hotel in Kalgoorlie have purchased the iconic Subiaco Hotel.

Board Moves September 24, 2019

Neil Whitaker, current chief executive of Nusantara Resources, has been appointed to the board as a director.  

$20m deal for WA fintech

Global wealth manager Skybound Capital has bought a 60 per cent stake in Western Australian online lender Fair Go Finance for $20 million.

Perth-based startup receives BetterLabs Ventures funding

Royal Automobile Club of WA (RAC) has invested into SpacetoCo through BetterLabs Ventures, the third startup to be supported through the early stage venture fund.

Board Moves September 23, 2019

Our daily board moves wrap includes Amanda Buckingham, Bruce Munro, Hamish Tyrwhitt, Michael Finnegan, Andy Viner, Bilyana Smith, Andrew Hagen, and Anthony Brown.

Corporate finance deals Sep 16 to 20 2019

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

Board Moves September 20, 2019

Australian Agricultural Projects has advised of the sudden and unexpected passing of non-executive director Phillip Grimsey, who has served on the board since 2007.

Swick to raise up to $17m

Swick Mining Services has raised $15 million via share placement, as the company positions itself for a period of growth.

Board Moves September 19, 2019

Our daily board moves wrap includes Pierre Fallourd, Geoff Newman, Gino D'Anna, Brett Fraser, Frederick Hess, Peter Bennetto, Rick Crabb, David Riekie, Angus Middleton, Stephen Jones, and Mark Borman.

Appointments September 19, 2019

Our weekly appointments wrap includes Andrew Van Dam, Andrew Peti, Dejan Jovanovic, Michael Parker, Sara Macliver, Jeff Ash, Tom Bromberger and Megan Bagworth.

Matsa to raise up to $6m

Matsa Resources is seeking to raise up to $6 million via a share placement, with a portion of the funds to go towards further development at its Red October gold project.

Worker death at IGO’s Nova mine

A truck driver has passed away following an accident at Independence Group’s Nova nickel-copper mine in the Goldfields last week.

Board Moves September 18, 2019

Our daily board moves wrap includes Qing Xu, Sonu Cheema, Terry Streeter, Clive Jones, James Gurry, and Robert Marusco.



$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.