Business News

Mod up on drilling results

Shares in copper explorer MOD Resources closed higher on promising drill results at the company’s T3 copper operation in Botswana.

Cirrus lined up for Emeco IT job

Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.

Gascoyne raises $55m for gold project

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

Board Moves February 16, 2017

Medibio has appointed US-based Jack Cosentino as chief executive and managing director.

Mineral Resources books strong half-year result

Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.

Contractor confident after solid half year

Civil and mining contractor NRW Holdings says it is well placed for more earnings growth and it is seeking new partnership and acquisition opportunities, after lodging a solid net profit for the first

Southern Cross mine sold for $330m

Chinese conglomerate Shandong Tyan Home has acquired its second gold mine in Western Australia, reaching an agreement to buy the Southern Cross Gold operation in the Yilgarn for $330 million.

Senate orders Roe 8 inquiry

UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.

Board Moves February 15, 2017

Paul Matysek has been appointed non-executive chair of Equator Resources. Michael Naylor has resigned as non-executive director but will remain as company secretary.

Rubik gets $68m takeover offer

Wyllie Group-backed Viburnum is set to receive a big payout when fintech Rubik Financial, in which it is a substantial shareholder, is acquired by Geneva-based banking and finance software firm Temenos for $68 million.

NRW wins $40m job at gold mine

Perth-based NRW Holdings has won a $40 million contract to provide its services to Macmahon Holdings, which is operating at Newcrest Mining’s Telfer gold mine in the Pilbara.

Board Moves February 14, 2017

Cash Converters has appointed Ellen Comerford and Andrea Waters as independent non-executive directors.

Insolvency appointments Jan 31 2017 to Feb 14 2017

FirmAppointee/SolicitorRoleCompany NamePublished DateHLB Mann JuddKimberley Stuart WallmanliquidatorFrankland River Vineyards Holdings Ltd14/02/2017BRI Ferrier Western AustraliaGiovanni Maurizio

Saracen to buy Bundarra project

Saracen Mineral Holdings has entered into an agreement to purchase the Bundarra gold project from Bligh Resources in an all-scrip deal worth $8.5 million.

eSense-Lab debuts on ASX

Life sciences company eSense-Lab has enjoyed steady gains on its first day of trading on the ASX, after raising $3.5 million from investors in an initial public offering.

Guma ICRG wins more FMG work

Indigenous contractor Guma ICRG has won two contract extensions for work on Fortescue Metals Group’s rail line and roads infrastructure in the Pilbara for an undisclosed sum.

Rocke moves to Cor Cordis

KordaMentha managing partner Cliff Rocke has taken on a new role, joining the Perth office of the advisory firm that is handling the collapse of residential construction group Builton.

Goyder to step down as Wesfarmers boss

Wesfarmers managing director Richard Goyder will step down this year after more than 12 years in charge of the company to be replaced by his deputy, Rob Scott.

Board Moves February 13, 2017

KIN Mining has appointed Trevor Dixon, current long-standing managing director, as non-executive chair following the resignation of Terry Grammer.  Current chief executive Don Harper will become manag

IMF Bentham launches $US200m investment vehicle

Litigation funder IMF Bentham has launched a $US200 million investment vehicle to expand its business in the US.

Kin chairman resigns as board restructures

Perth-based gold explorer KIN Mining has announced a board restructure that includes a change in chair and managing director roles, as it works towards development of its Leonora project.

Macmahon in deal with Indonesian miner

Macmahon Holdings has been chosen by an Indonesia-based company to asses options to expand a copper-gold mine, and has been named preferred contractor under a three-year term if plans to expand go ahead.

Board Moves February 10, 2017

Alloy Resources has appointed Allan Kelly as non-executive director following the resignation of Andre Marschke from the board.

Disability service providers merge

Rocky Bay has merged with fellow disability services provider Valued Independent People, following an extended period of collaboration.

Roto-Gro up on ASX debut

Canadian hydroponics technology company Roto-Gro International has closed its first day of trading on the ASX, after completing a $3.6 million initial public offering managed by Perth-based Barclay Wells.

People Moves February 10, 2017

New regional director for CHC Helicopter

Blackham confirms $35m raising

Gold miner Blackham Resources has confirmed a $35 million capital raising to fund ongoing work at its Matilda-Wiluna operation in the Mid West.

Board Moves February 9, 2017

Mike Young has been appointed non-executive director of Cycliq Group.

De Grey in $15m gold project deal

Metals explorer De Grey Mining has entered into an option agreement to acquire private company Northwest Nonferrous Mining Australia’s Indee gold project near Port Hedland for $15 million.

Stinson to chair Talga

Graphite-focused Talga Resources has named Orbital Corporation chief executive Terry Stinson as its new chairman, replacing Keith Coughlan who will remain with the business in a consultancy role.

Ardea slightly lower on ASX debut

Perth-based Ardea Resources has wrapped up its first day of trading on the ASX, after spinning out from Heron Resources and raising $5.2 million from investors.



$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.

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.

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.