Business News

Bhagwan expands fleet

Marine services company Bhagwan Marine has expanded its fleet with the purchase of two specialist vessels that are larger than others in its current fleet.

Board Moves August 1, 2018

Kin Mining has appointed current chief executive Andrew Munckton as managing director.

Prendiville confirms Brisbane Hotel deal

The Prendiville Group has confirmed it is the owner and operator of inner-city pub The Brisbane Hotel after former licensee Geoff Hayward placed his private company into voluntary liquidation.

Board Moves July 31, 2018

Hedley Widdup has stepped down as non-executive director of Kasbah Resources. Mr  Widdup was a representative of the African Lion Fund which has a strategic 13% interest in Kasbah.

Maca secures $590m extension

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Metals X raises $50m

Perth-based Metals X has raised $50 million via an institutional placement, with the proceeds set to be spent at the company’s Nifty copper project in the Pilbara.

Cardinal locks in $US25m funding deal

Cardinal Resources has secured a $US25 million ($33.7 million) credit facility with Canada-based asset manager Sprott Private Resource Lending, as the junior explorer progresses a feasibility study at its Namdini gold project in Ghana.

Ventnor buys sand project, raises $2m

Ventnor Resources has exercised an option agreement to acquire the Muchea silica sand project north of Perth, while also announcing a $2.4 million capital raising.

Board Moves July 30, 2018

Graeme Johnston has been appointed technical director of AVZ Minerals.

Constellation rises on ASX debut

Constellation Resources, a spin-out of Apollo Minerals’ Fraser Range assets, has begun trading positively on the ASX today, after raising $7 million via an initial public offering.

Board Moves July 27, 2018

Ross Stanley has been appointed non-executive director of Lucapa Diamond Company.

Insolvency Appointments Jul 12 to 25

FirmAppointee/SolicitorRoleDateTotal Earth Solutions Pty LtdAlan Geoffrey ScottLiquidator25/07/2018Capital Management (WA) Pty LtdSimon Roger CoadLiquidator25/07/2018Prosperious Victory Pty LtdMic

PolarX raises $4m

Junior explorer PolarX has boosted its coffers with a $3.9 million capital raising, with the proceeds to fund the company’s exploration program at its Alaska Range project.

Northern Minerals opens Browns Range

Northern Minerals has today officially opened its Browns Range heavy rare earths project in the Kimberley, the first of its kind outside of China.

Board moves: Everingham, McDowell

Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.

RDG makes $2.8m purchase

Resource Development Group has made its first major purchase since the sale of three subsidiaries in 2015, buying a majority stake in mining services business Mineral Solutions Australia for $2.8 million.

Board Moves July 25, 2018

Chris MacKenzie has been appointed chief executive of Manas Resources.

St Hilda's appoints new principal for 2019

St Hilda’s Anglican School for Girls has appointed the current head of the Australian International School in Singapore, Fiona Johnston, as its new principal for 2019.

Board Moves July 24, 2018

Sam Lee has been appointed a non-executive director of Gulf Manganese Corporation. He was also appointed to the board of commissioners of PT Gulf Mangan Grup, Gulf’s Indonesian subsidiary.

AngloGold snares new CEO

Gold miner AngloGold Ashanti has poached one of the top executives from rival Barrick Gold to replace outgoing chief executive Srinivasan Venkatakrishnan.

Ardea releases study on $1.17bn project

Ardea Resources has released an expansion study for its Goongarrie nickel-cobalt project in Kalgoorlie, with the company detailing a 2.3mtpa capacity at a cost of $1.17 billion.

Clough JV locks in Mongolian contract

A joint venture between Perth-based companies Clough and RUC Cementation Mining Contractors, which are both owned by South Africa’s Murray & Roberts, has secured two mining contracts in Mongolia.

Board Moves July 23, 2018

Leading managed service and IT solutions provider Cirrus Networks has appointed Paul Everingham as non-executive director following the resignation of Patrick Glovac from the board.

Finlayson sells $12m Saracen stake

Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.

O'Neill to lead Public Sector Commission

The state government’s education boss, Sharyn O'Neill, has been appointed as the first ever female Public Sector Commissioner in Western Australia.

Board Moves July 20, 2018

Avita Medical has expanded its management team in the commercial, legal and medical affairs functions to support the planned US launch of the RECELL® Autologous Cell Harvesting Device in the treatment

Wammco gets $5m state loan

Sheep meat producer WAMMCO has received a $5 million loan for upgrades at its Katanning processing plant as part of the state government’s cooperative loan scheme.

Egan Street upbeat on gold project

Gold-focused Egan Street Resources says it will cost $36.1 million to bring its Rothsay project in the Murchison region into production.

Silver Lake hits gold target

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.

Board Moves July 19, 2018

ZhaoYa Wang has been appointed chief executive of Focus Minerals following an approval by the Department of Home Affairs in granting him a visa to work in Australia.



$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 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.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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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.

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.

Site found for WA's first open-range zoo

The state government has locked in a location for Western Australia’s first open-range zoo, which is expected to cost up to $100 million to develop.