Business News

Board Moves September 17, 2019

John McConnell, managing director of Automotive Holdings Group, will be leaving the company at the end of the month.

Insolvency appointments September 4 to 17 2019

A total of 28 Western Australian insolvency notices have been posted in the past fortnight.

State govt awards $23m of construction contracts

FIRM Construction and McCorkell Constructions have secured school contracts, while Broad Construction and Devlyn Constructions will undertake works for government departments, amid $23 million of new deals announced over the past fortnight.

Board Moves September 16, 2019

Sean Meakin will take over from Fleur Hudson as company secretary of AssetOwl on September 20.

Agrimin raises $8m for Mackay DFS

Agrimin has raised $8 million via a share placement to fund the completion of the definitive feasibility study for its Mackay potash project.

Thompsons invest for Chinese lobster tourism

One of Western Australia's most prominent fishing families will invest in tech company OpenDNA to provide marketing services and a Chinese mobile payment system to lure Chinese tourists.

Corporate finance deals Sep 9 to 13 2019

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

Nadal to play ATP Cup in Perth

Rafael Nadal will head to Western Australia this coming January as part of the first ATP Cup, although the state will miss out on hosting the Australian team, which is set to play its preliminary games in Brisbane.

Woodside invests in Perth company for autonomous subs

Woodside Petroleum will invest in Subiaco-based Blue Ocean Monitoring to create autonomous mini-submarines in a bid to make gathering seismic data from the ocean floor cheaper and safer.

Board Moves September 12, 2019

Apollo Minerals has appointed Brad Drabsch as a consultant, to assist with the Kroussou zinc-lead project in western Gabon.

Appointments September 13, 2019

Our weekly appointments wrap includes Michael Parker, Garret Dixon, Brett Braithwaite, Sean Macfarlane, Stephen Rivers, Graeme Stephen, David Power, Mylon Manusiu, Kevin Deery, Justine Campbell, Susan

AusGroup wins at Nickel West

AusGroup has been awarded a three year maintenance and shutdown support contract by BHP Nickel West covering its Mt Keith, Leinster, Kwinana and Kalgoorlie operations.

Board Moves September 11, 2019

Otto Energy has made some changes to its board as part of a renewal process to support the successful implementation of the US Gulf of Mexico strategy.

TNG to trim Mt Peake capex to $824m

TNG has conducted a review of its planned 2 million tonnes per annum Mount Peake vanadium-titanium-iron project, which revealed a potential reduction in capital costs of $29 million.

Board Moves September 10, 2019

Our daily board moves wrap includes XiaoYu Dai, John de Vries, Ian Murray, Eamon Hannon, and Steven Richards.

Yukich buys Accolade's Swan Valley winery

Accolade Wines has sold its Swan Valley winery to the Graeme Yukich-owned Oakover Wines, which is the owner of the neighbouring Oakover Grounds winery.

Centaurus raises $10m for nickel project

Investors have welcomed Centaurus Metals' announcement that it raised $10 million via a share placement to underpin an exploration and development program at its recently acquired Jaguar nickel sulphide project in Brazil.

Board Moves September 9, 2019

Our daily board moves wrap includes Geraint Harris, Alexander Burns, Kevin Tomlinson, Ray Shorrocks, Justine Campbell, Keith Bakker, David Rich, Peter Torre, Richard Hyde, Lyndon Hopkins, Rodney Leonard, Nigel Spicer, Mark Connelly, Ian Kerr, Luke Holden, Stuart Cruickshanks, and Todd Giltay.

Corporate finance deals Sep 2 to 8 2019

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

Aus Potash signs Geraldton port deal

Australian Potash’s Lake Wells sulphate of potash project is edging closer to production, after the company struck a joint cooperation agreement with Geraldton port owner Mid West Ports Authority.

Fracking ban lifted for existing titles

The state government has lifted a ban on fracking on existing petroleum titles, in a move planned since last year that protects all but 2 per cent of Western Australia from the contentious practice.

Board Moves September 5, 2019

Our daily board moves wrap includes Beverley Nichols, Mark Turner, Marcel Bonn-Miller, Bruce Linton, David Pryce, and Aida Tabakovic.

Appointments September 6, 2019

Our weekly appointments wrap includes Adam Irving, Richard Hicks, Terry Stark, Nicole Barnao, John Fitzgerald, Tim McInnis, Martyn Jenkins, Steven Richards, Andrey Maruta, John Cowdell, Leigh Barrett,

Gold Fields CEO warns on ‘misleading’ costs among miners

Gold Fields chief executive Nicholas Holland has suggested gold companies across the world have under-reported their actual costs, and that the industry is heading for a production shortfall.

Board Moves September 4, 2019

Our daily board moves wrap includes Aidan Platel, Chris Hansen, Adam Santa Maria, Ryan Gaffney, Daniel Schuster, Peter Schwarz, Brendan Borg, Brad Drabsch, Sonja Neame, and John Young.

Perth adviser arrested and charged with $948k theft

The Australian Securities and Investments Commission has cancelled the financial services licence of Perth-based Platinum Perpetual Global Private Wealth, after an adviser from the firm was charged with stealing $948,000 of clients’ funds.

Schneider wins $11.5m hospital contract

Schneider Electric has secured an $11.5 million contract with the Child and Adolescent Health Service for a technology package at the Perth Children's Hospital.

ASIC takes BoQ and Bendigo to court

The Australian Securities and Investments Commission is launching legal action against the Bendigo and Adelaide Bank and Bank of Queensland amid allegations of unfair small business lending terms.

Insolvency appointments August 21 to September 3 2019

A summary table of the insolvency notices published by ASIC in the past fortnight that related to 38 WA-incorporated companies.

Board Moves September 3, 2019

Our daily board moves wrap includes Bruce Lane, Murray McDonald, Emma Gilbert, John Kay, Frank Campagna, Melanie Leydin, David Palumbo, Marcus Machin, Paul Guilfoyle, David McArthur, Hamish Jolly, Laurence Roe, Tony Peng, and John Kopcheff.

Rumble raises $3.75m at a premium

West Perth-based Rumble Resources has raised $3.75 million to advance early-stage drilling at its Panache nickel–copper–cobalt–gold project in Canada.



$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.

most commented

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.