Business News

Board Moves October 30, 2018

88 Energy has announced the sudden passing of non-executive director Brent Villemarette.

ResApp tumbles on study

Shares in medical tech firm ResApp Health have more than halved today, after the company released the preliminary results of a new US study on its technology.

Pacific wins Panoramic power contract

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

Board Moves October 29, 2018

Catherine Costello has resigned as interim executive director and company secretary of Admedus. She remains as the company’s chief financial officer.

Ausdrill JV wins $US375m contract

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Gumala wins $15m in new work

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.

Rand forced to sell $60m Tribune stake

The Takeovers Panel has ordered the sale of a $60.1 million stake in gold miner Tribune Resources, along with updated disclosure from some of the company’s major shareholders.

Two wins at WA media awards

For the second year running, Business News was among the winners at the West Australian Media Awards announced on Saturday night.

Board Moves October 26, 2018

Patrick O'Neill has resigned as joint company secretary of Baraka Energy & Resources.

Tungsten deal hits roadblock

An $8.7 million deal between local mining companies Tungsten Mining and GWR Group has hit a roadblock, after the ASX said the sale could not go ahead.

Bellevue raises $15m

Bellevue Gold (formerly Draig Resources) has boosted its coffers with a $15 million share placement to fund exploration work at the company’s Bellevue project near Leinster.

WBHO secures $50m in contracts

WBHO Infrastructure has secured two contracts worth a combined $50 million for upgrade works to Geraldton Airport and road maintenance work north-east of Perth.

Tommy Hilfiger opens Perth store

International designer clothing brand Tommy Hilfiger has today opened its first full-price store in Western Australia, with a new outlet located in the Claremont Quarter.

WA trucking gets $31m boost

A pool of more than $30 million will be spent across the state to build new truck rest stops and upgrade existing roads to improve safety for heavy vehicles.

Bis launches radical new truck

Mining logistics company Bis has launched its new mine haulage vehicle, Rexx, which has been designed and built in-house in Perth.

TAMS expands WA operations

Marine services company TAMS Group has branded its expansion in the north of the state as a strategic move to accommodate an increasing workload.

Board Moves October 25, 2018

Firdhose Coovadia has been appointed an independent non-executive director of Emerge Gaming, a leading provider of enhanced eSports capabilities.

MinRes flags Wodgina delay

Mineral Resources has suffered a minor delay in the construction of its $610 million lithium concentrate processing plant at the Wodgina project in the Pilbara.

Kidman signs $US100m debt facility

Kidman Resources has announced plans to integrate the studies for its proposed Kwinana lithium refinery and Mt Holland mine near Southern Cross into a singular project, while also securing a $US100 million ($140 million) debt facility for the project.

Barminco wins $240m Nova extension

Barminco has secured a four-year contract extension for underground mining services at Independence Group’s Nova operation in the Fraser Range.

Board Moves October 24, 2018

Harvest One has appointed Will Stewart as senior vice president of corporate and public affairs.

Black Rock posts graphite DFS

Black Rock Mining has detailed a capital expenditure of $US115 million ($162 million) for the first phase of its Mahenge graphite project in Tanzania, with plans to begin construction next year.

Telstra launches Perth 5G network

Telstra launched its 5G mobile network in Perth today, while also confirming multinational telco Ericsson as its partner in a national rollout of the technology.

Board Moves October 23, 2018

Current non-executive director ShuQing Xiao will become managing director of Energy Metals.

GR to complete engineering study

Cassini Resources and OZ Minerals have appointed GR Engineering Services to complete an engineering study for their joint venture West Musgrave copper-nickel project in Western Australia.

Inpex hails first LNG cargo from Ichthys

Tokyo-based Inpex has achieved a significant milestone, with the first shipment of LNG departing the company’s $46 billion Ichthys project at its onshore plant in Darwin.

IMF plans $85m raising

Litigation funder IMF Bentham has announced plans to raise up to $84.5 million to establish two new funds and pursue growth opportunities in Europe and Asia.

Zenith to add solar to Nova power station

Zenith Energy will incorporate a solar facility in its existing diesel power station at Independence Group’s Nova operation in the Fraser Range, taking capacity to 26 megawatts.

Board Moves October 22, 2018

Tony Cramb has joined Automotive Holdings Group as chief operating officer.

BCI in $35m iron ore sale

BCI Minerals has sold its Kumina iron ore project in the Pilbara to Chris Ellison-led Mineral Resources for $35 million.

GR wins $US18m Strandline contract

GR Engineering Services has secured a $US17.6 million contract ($25 million) to design and build a processing plant for Strandline Resources’ Fungoni mineral sands project in Tanzania.



$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.