Business News

Corporate finance deals Aug 26 to 30 2019

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

Board Moves August 30, 2019

Our daily board moves wrap includes Alex Doering, William Hu, Gang Xu, Henko Vos, Henry Kinstlinger, Dougal Ferguson, Sarah Wilson, Shannon Coates, Marc Steffens, Hayden Buswell, and Geoff Chapman.

Austal reaches record profit, targets FY20 growth

Investors have welcomed Austal’s announced that it lifted full-year profit 64 per cent to a record $61.4 million, underpinned by strong revenue from its US Navy programs.

Board Moves August 29, 2019

Mineral Commodities has appointed Debbie Ntombela, Russell Tipper and David Baker as non-executive directors.

Appointments August 30, 2019

Our weekly appointments wrap includes Peter Lee, Ann Robinson, Lesley Parker, Grant Robinson, Di Bain, Jamie Fini, and Erin Watson-Lynn.

NRW wins $95 million Rio contract

Rio Tinto has awarded works to NRW Holdings at its $2.6 billion Koodaideri iron ore project, while BGC Contracting secured a contract extension at Atlas Iron’s Mt Webber project.

Business News signs up for Glory in Business

Business News has been announced as Perth Glory’s official media partner for its corporate support initiative, Glory in Business. 

Board Moves August 28, 2019

Our daily board moves wrap includes Jeff Dawkins, Dale Hanna, Zhe Gao, Yu Zhong, Ya-Qin Zhang, Anita Hollenberg, Sarah Wilson, Shannon Coates, and David Wheeler.

Fogarty makes $15m commitment

The philanthropically minded family behind education-focused Fogarty Foundation has made a $15 million funding commitment to back next-generation, technology focused enterprises driven by past and present students in its scholarship programs.

Dale Alcock fined for defective works

Dale Alcock and Dale Alcock Homes have been fined a total of $10,000 in relation to a defective concrete slab that ultimately led to a decision to demolish and rebuild a Woodvale house.

Board Moves August 27, 2019

Thomas Soderberg will join the board of Global Energy Ventures in September as non-executive director. He will replace Jens Jensen who is a non-executive director and head of shipping.

Vicinity fined $45,000 for Galleria failure

The company that manages the Galleria Shopping Centre has been fined $45,000 after it was found guilty of failing to ensure safe access and egress for persons who were not its employees, after an explosion at Galleria in 2015 killed two men and left two others with severe burns.

Crash barrier for WA-first trial

A Geraldton-based company has installed a roller safety barrier for a trial use, the first in Western Australia, on a ramp connecting Roe Highway to Kwinana Freeway.

Board Moves August 26, 2019

Our daily board moves wrap includes Howard Golden, Tommy McKeith, Morgan Ball, Catherine Grant-Edwards, Steven Michael, Nicholas Ong, Graeme Smith, Rod Wheatley, John Ribbons, Jon Denovan, Derek La Ferla, and Neil Whitaker.

Corporate finance deals Aug 19 to 23 2019

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

Board Moves August 23, 2019

Our daily board moves wrap includes Matt Callahan, Simon Paull, Alan Armstrong, David Rich, and Patrick Glovac.

Govt contracts brief

Downer and Burgess Rawson have recently secured state government contracts totalling around $14 million.

Woodside, Sandfire winners at resources awards

Woodside Petroleum, Save the Children Foundation and Sandfire Resources were among those recognised for their renewable projects and community partnerships at last night’s resources sector awards for excellence.

Prodigy raises $12m

Prodigy Gold has raised $12 million via a share placement as the company seeks to advance its exploration projects.

Appointments August 22, 2019

Our weekly appointments wrap includes Julie Bishop, Clinton Bright, Martin Crawford, Erin O'Donnell, Linda Keane, Lynette Dias, Surend Dayal, David Kennare and Russell Quinn.

Local shed company cops hefty fine

Perth company Shed Systems has been ordered to pay almost $77,000 in fines, compensation and costs after taking deposits from consumers for sheds but failing to supply them.

Board Moves August 21, 2019

Peter Williams, recently appointed non-executive director Alderan Resources, will become the company’s managing director in September.

ASIC bans Perth director

The Australian Securities and Investments Commission has banned Perth businessman Max David Goldenberg from providing financial services and engaging in credit activities for a period of eight years.

Board Moves August 20, 2019

Aida Tabakovic has replaced David Peterson as company secretary of Greenpower Energy.

Insolvency appointments August 1 to 20 2019

FirmAppointee/SolicitorRoleCompany NamePublished DatePwCMelissa HumannliquidatorProject Services Australia Pty Ltd20/08/2019Cor CordisClifford Stuart RockeliquidatorPerth Demolition Company Pty L

Hastings granted key approval for Yangibana project

Hastings Technology Metals has achieved a significant milestone, having been granted environmetnal approval for its Yangibana rare earths project.

Board Moves August 19, 2019

Jamie Armes has taken over from Leanne Stevens as company secretary of Chalice Gold Mines, as Ms  Stevens commences parental leave.

Board Moves August 15, 2019

Keith Gordon will be stepping down as a nominee director on the board of Ausdrill at the end of the month.

Appointments August 16, 2019

Our weekly appointments wrap includes David Gainer, Andrew Hammond, Len Kosova, Phil Thick, Derek Hays, Warren Hallam, Dan Foo, Thomas Currin, Tim Roach, Richard Franklin, Shaun Day, Rowena Roberts, M

Calidus raises $9m for Warrawoona

Calidus Resources has completed a placement to raise $9 million, with the funds to go towards the development of its Warrawoona gold project.

Board Moves August 14, 2019

Scott Paterson and David Izzard have resigned as non-executive directors of Hardey Resources.



$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.