Business News

Empired raises $16m

IT services provider Empired has tapped investors for $16 million to pay off debt and meet $7.7 million in outstanding vendor payments.

Aurizon recruits another WA manager

Rail freight operator Aurizon has brought in former Woodside Petroleum senior manager Tina Thomas as executive vice-president of human resources, as the company undertakes a new organisational structure.

Alara signs copper offtake agreement

Perth-based explorer Alara Resources has signed an offtake agreement for copper from its Al Hadeetha project in Oman, with the deal including a $US6 million ($A7.8 million) pre-payment.

Board Moves March 22, 2017

Birimian has appointed Michael Langford and James McKay as non-executive directors, following the retirement of Winton Willesee and Hugh Bresser from the board.

Dowling, Boyle join Fleetwood

S2 Resources chairman Jeff Dowling and Clayton Utz partner Stephen Boyle have been named incoming directors of Fleetwood Corporation, while Michael Hardy has retired from board.

Pharmanet to relist as gold company

Dormant Perth-based biotech company Pharmanet Group will re-emerge as a gold explorer after entering into an agreement to acquire Keras Australia by way of a reverse takeover.

Austal wins $48m in more US navy work

Henderson-based shipbuilder Austal says a modification to a previously awarded contract for littoral combat ships with the US Department of Defense is worth about $US36.6 million ($A47.8 million).

Carnegie raises funds for solar power project

Carnegie Clean Energy has announced plans to raise up to $6 million to fund its share of the development costs of the $20 million Northam solar power project.

BGC wins $720m Arrium contract

Arrium administrators KordaMentha has awarded BGC Contracting a $720 million contract to continue work at the Iron Knob and South Middleback Ranges iron ore projects in South Australia through to 2022.

Board Moves March 21, 2017

Acacia Coal has appointed Hugh Callaghan as managing director, Rob Scott finance director, Peet Snyders chief operating officer, and Filippo Faralla general manager, strategy and marketing.

Cancer Council welcomes new CEO

Ashley Reid has been appointed as the new chief executive of Cancer Council WA, replacing Susan Rooney who is stepping down in April, having led the organisation since 2002.

Emeco taps market for $20m to fund merger

Heavy equipment supplier Emeco Holdings has launched a fully underwritten $20 million capital raising to fund its three-way merger with east coast companies Orionstone and Andy’s Earthmovers.

Raising brings New Horizon back in play

Dormant explorer New Horizon Coal has extended its deadline for an $18.8 million capital raising after receiving an underwriting commitment for 70 per cent of the target amount, as it looks to shift its focus to oil.

Goldfields raises funds for new platform

Financial services provider Goldfields Money has raised $4.2 million from investors as it launches a new digital platform and completes a rebranding.

RAC partners with health insurer

Royal Automobile Club of WA members will be eligible for a 5 per cent discount on health insurance cover through a new partnership with national provider HCF.

Board Moves March 20, 2017

Doray Minerals has appointed current business development manager, Rod Jacobs, as chief operating officer.

Cash to lead Millennium

Local gold miner Millennium Minerals has found an internal candidate to replace outgoing chief executive Glenn Dovaston, who has resigned after two years at the helm.

Gascoyne, Intermin reach milestones

Perth-based gold juniors Gascoyne Resources and Intermin Resources have both reached milestones, with Gascoyne earmarking GR Engineering Services for construction of processing infrastructure while Intermin has achieved first production.

Kidman to buy more Western Areas tenements

Kidman Resources has entered into an agreement to farm-in to 19 lithium-prospective tenements in Western Australia owned by nickel miner Western Areas, with the scrip-and-spend deal worth up to $11.6 million.

MinRes increases Hazer stake

Graphite-focused tech company Hazer Group has announced plans to form a joint venture with diversified business Mineral Resources, after MinRes boosted its stake in Hazer by subscribing for $5 million worth of shares.

Board Moves March 17, 2017

Entek Energy has announced a reorganisation of their board members’ roles. Current non-executive director, Howard Dawson, becomes non-executive chair.

Servtech up on ASX debut

Property-focused software company Servtech Global Holdings has wrapped up its first day of trading on the ASX, after completing a $6 million initial public offering.

Applications open for research grants

Grants of up to $100,000 supporting patient-focused projects are now on offer for local neuroscientists through the Neurotrauma Research Program at the Harry Perkins Institute of Medical Research. 

Inpex seeks redeployment for Laing's workers

The developer of the Ichthys LNG project has moved to assure the 800 workers affected by Laing O’Rourke’s ejection from site that it would redeploy as many as it could to keep construction going.

TNG spin-out raises $6m

TNG spin-out Todd River Resources has raised $6 million from its initial public offering ahead of its ASX debut, which could occur before the end of the month.

Mod raises more funds for copper project

Copper explorer MOD Resources launched its second capital raising in three months, tapping investors for $14.6 million to fund ongoing work at its T3 project in Botswana.

Board Moves March 16, 2017

Terry Topping has been appointed executive chair of Kairos Minerals. Ian Finch has resigned as non-executive chair.

Lepidico taps market for $5.7m

Takeover target Lepidico has tapped investors for nearly $5.7 million, a day after Breakaway Research recommended the Perth lithium company as a ‘speculative buy’.

Murdoch to be part of $40m soil centre

Murdoch University has been named among 42 organisations across Australia charged with establishing a consortium to boost the nation’s agricultural sector.

Doray appoints new COO

Doray Minerals chief operating officer Peter Bamford has become the latest senior departure from the firm, following the recent exit of its CEO and chairman.

Board Moves March 15, 2017

Stuart Fogarty has been appointed non-executive director of Buxton 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 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.