Business News

MinRes confirms train derailment

Mineral Resources has confirmed that about 30 empty iron ore wagons were derailed on a return train trip to the company’s Koolyanobbing mine near Southern Cross on Sunday.

Junior miners to raise $5m

Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.

Sheffield locks in engineering, debt deals

Sheffield Resources has confirmed GR Engineering Services will design and build the processing plant for the mineral sands-focused company’s Thunderbird project in the Kimberley.

Board Moves November 9, 2018

Claire Newey has resigned as chief financial officer of DroneShield, but will remain with the company until early 2019 to assist with the transition process.

Woolies sells fuel stations in $1.7bn deal

Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.

BHP clears train wreckage

BHP Billiton says the wreckage from its derailed iron ore train has been cleared and the miner is confident of resuming rail operations early next week.

Salt Lake in $13m raising

Salt Lake Potash has tapped investors for $13 million to fund development of its Goldfields salt lakes project.

Altura up on offtake deal

Shares in Altura Mining have finished 36 per cent higher today after the lithium producer announced an offtake deal with Chinese company Ganfeng Lithium.

Board Moves November 8, 2018

Capricorn Metals has made some changes to its board and senior management as it transitions from an explorer to developer-producer.

Southern Cross wins $80m contracts

Perth-based Southern Cross Electrical Engineering has secured a series of contracts in NSW worth about $80 million.

MinRes loads first ore at Koolyanobbing

Chris Ellison-led Mineral Resources has loaded the first train of iron ore from its recently acquired Koolyanobbing mine near Southern Cross.

Thiess wins FMG autonomous install contract

CIMIC Group’s Thiess has been awarded a contract to install autonomous haulage system technology at Fortescue Metals Group’s Christmas Creek iron ore operations in the Pilbara.

Jones retires from Navitas board

Navitas founder Rod Jones has stepped down from the board to manage his conflict of interest in relation to the $2 billion indicative takeover proposal for the education services company.

Board Moves November 7, 2018

Stephen Copulos has retired as non-executive chair of Black Rock Mining.

NWS strikes LNG deal with Browse JV, Chevron

The Woodside-operated North West Shelf Venture has struck a preliminary deal to process LNG for the Browse project and Chevron’s Clio-Acme gas fields.

Kin responds to leaked report

The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.

Tech Scene - Appy Wedding

Appy Wedding is a wedding planning platform that allows users to browse real weddings to identify the best local suppliers.

Board Moves November 6, 2018

Gabriel Chiappini has been appointed joint company secretary of Adriatic Metals. Mr  Chiappini has acted as the Australian Local Agent since the company’s IPO in May 2018.

Strandline in $3m raising

Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.

WA govt in $190m PEXA windfall

The state government is set to receive nearly $190 million by selling its stake in online settlements company Property Exchange Australia.

Pindan wins RSL contract

Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.

Lycopodium wins West African contract

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Board Moves November 5, 2018

Baraka Energy & Resources has appointed the MSA Group and Dr Frieder Reichhardt as independent technical vanadium consultants.

Five-month slide in WA car sales

The downward trend in new vehicle sales in Western Australia has continued for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries.

ACCC says NBN outperforms ADSL

The National Broadband Network is significantly outperforming ADSL services, according to a new report released by the consumer watchdog.

Mareterram flags earnings fall in 2018

Shark Bay shellfish producer Mareterram is set to report a fall in earnings for 2018 due to a significant reduction in prawn catch compared with last year.

Board Moves November 2, 2018

Alan Campbell has been appointed non-executive chair of Manas Resources. Mr  Campbell is a geologist with over 30 years of experience in mineral exploration and the resources sector.

Broad wins $85m prison contract

CIMIC Group’s Broad Construction has secured an $84.8 million state government contract to complete an expansion at the Casuarina Prison south of Perth.

King River flags $2bn+ capex

King River Copper has put a $2 billion-plus price tag on its Speewah vanadium project near Kununurra, while TNG has appointed German group SMS to complete an engineering study for its vanadium project in the Northern Territory.

Industry welcomes strata reform

Property industry bodies have congratulated the McGowan government on passing the Strata Titles Amendment Bill 2018 through Parliament, which it says will bring a range of benefits for strata living arrangements through better regulation of strata managers and improved dispute resolution processes.

Board Moves November 1, 2018

Keith Gordon has been appointed non-executive director of Ausdrill.



$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.

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.