Business News

Board Moves May 16, 2019

Barnaby Egerton-Warburton has been appointed non-executive chair of Hawkstone Mining.

Prodigy and Newmont in $14.5m JV

Prodigy Gold has signed a $14.5 million joint venture and exploration farm-in agreement with Newmont Mining at Prodigy’s Tobruk project in the Northern Territory.

Alliance raises $32.5m

Alliance Mineral Assets has raised $32.5 million via two share placements, including with Galaxy Resources, with the funds set to primarily go towards upgrades at the processing facilities at its Bald Hill lithium and tantalum mine.

Board Moves May 15, 2019

Our daily board moves wrap includes Todd Richardson, Rod Evans, Paul Hopper, Stephen Carter, HongBing Zhang, RuoYun Zhang, Tun Yiu Kei, Tommy Cheng, and Edward Siew.

St Barbara acquires Atlantic Gold

Gold producer St Barbara has agreed to acquire 100 per cent of Canadian miner Atlantic Gold Corporation for $768 million.

Insolvency appointments May 1 to 14 2019

The first two weeks of May have seen a total of 34 insolvency appointments to WA-incorporated companies.

Board Moves May 14, 2019

Joel Ives has resigned as company secretary and Francisco Barreto has resigned as non-executive director of Orinoco Gold.

Podcast: Office Hours with Damian Stone

Property Council of Australia WA executive director Sandra Brewer and Urban Development Institute of Australia WA chief executive Tanya Steinbeck join Damian Stone to discuss the recent state budget, property industry initiatives to promote gender diversity, and whether the property industry has an image problem.

Georgiou wins $24m Main Roads contract

Georgiou Group has been awarded a design and construction contract to upgrade a section of Karel Avenue to a dual carriageway to ease congestion around the Jandakot industrial area.

Board Moves May 13, 2019

Our daily board moves wrap includes Peter Williams, Marat Abzalov, Brett Tucker, John Stergiou, Andrew Van Der Zwan, Robert Martin, George Giannakis, Steve Scudamore, and Ross Kestel.

Quantify shares surge 63% on Harvey Norman deal

Bentley-based Quantify Technology has entered into a three-year agreement with Harvey Norman’s commercial division, which will see the franchise become the company’s exclusive distributor in the eastern states.

Aurecon wins $8.5m Bellevue contract

Aurecon has been awarded $8.5 million of detailed design works by the Public Transport Authority of WA for the proposed Bellevue railcar deport, as part of the $165 million Midland line extension project.

Board Moves May 10, 2019

Artemis Resources has appointed executive director Edward Mead as interim chief executive.

Appointments May 10, 2019

Our weekly appointments wrap includes Jen Ehlers, Peter Bradford, Karen O'Neill, John Nguyen, Chloe Lam, Harrison Moore, Jimmy Trpcevski and Luke Sizer.

Technip Oceania wins ConocoPhillips contract

ConocoPhillips has awarded the first engineering contract for its Barossa offshore project to Technip Oceania for the supply of the subsea production system and associated installation support.

$11.6m for energy in remote Aboriginal communities

The state government announced it would spend $11.6 million on the installation of solar farms and energy storage in remote Aboriginal communities as part of this years’ State Budget.

Board Moves May 8, 2019

Ian Clyne has been appointed non-executive chair of Geopacific Resources, following the retirement of Milan Jerkovic after 5 years in the role.

Board Moves May 7, 2019

Our daily board moves wrap includes Peter Munachen, Daniel Kennedy, Benjamin Rattigan, Cyril Daoud, Chris Singleton, Eamon Hannon, Karen O'Neill, John Nguyen, Chloe Lam, Stuart Bodey, David Turvey, Peter Huljich, Michael Tilley, Dan Lougher, and Malcolm James.

SNC picked for energy contracts

Canadian contractor SNC Lavalin has announced it picked up work at two gas operations in Western Australia, including design work for a new power station at the Devil Creek gas plant.

Fenix to form JV with Minehaul

Fenix Resources has formed a strategic alliance with trucking and logistics company Mineheaul, to be led by Craig Mitchell, which the mining company said is a significant step towards the development of its Iron Ridge project.

Troy to raise $7.5m and get new largest shareholder

Troy Resources announced it received commitments to raise $7.57 via a share placement, with the funds to accelerate exploration at its South American gold project.

Board Moves May 6, 2019

Our daily board moves wrap includes Scott Nicholas, Stephen Kelemen, Scott Patrizi, Gordon Galt, Michael Anderson, and Karen Gadsby.

Echo Resources raises $15m

Echo Resources has completed a $15 million share placement to fund its exploration strategy at the Yandal gold project.

FBR shares up 20% on Brickworks JV

FBR, formerly known as Fastbrick Robotics, has commenced a 50/50 joint venture with Brickworks, called Fastbrick Australia, to provide a ‘Wall as a Service' offering to the Australian market.

Mondium wins $100m Greenbushes contract

Mondium, a joint venture between local contractors Monadelphous and Lycopodium, has secured an engineering, procurement and construction contract at Talison Lithium’s Greenbushes project.

Board Moves May 3, 2019

Dan Travers has replaced Anthony Rechichi as company secretary of Blackham Resources. Mr  Rechichi remains as the company’s chief financial officer.

WhiteHawk shares soar 88% after US contract wins

Shares in WhiteHawk soared from 6.4 cents to 12 cents, in three days of trading, after the Perth-based cyber security announced it had secured two contracts in the United States.

Keybridge bins $20m Yowie takeover

ASX listed investment firm Keybridge Capital has cancelled its proposed $20 million takeover of Yowie, citing the Perth-based confectionery company’s worsening financial results.

Board Moves May 2, 2019

Peter Huljich has been appointed non-executive director of AVZ Minerals. Mr  Huljich has extensive African mining, oil & gas, and infrastructure experience. He is currently a solicitor.

New pathway for high school students

Western Australian students will have a third study option, apart from ATAR or VET, in their final years of schooling with the introduction of a new pathway next year.

Zenith to raise $25m

Zenith Energy is seeking to raise $25 million via a share placement to fund equity requirements for ongoing construction of power generation and infrastructure projects.



$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.