Business News

Tap mends fences with dissident shareholder

Perth-based Tap Oil has settled its outstanding disputes with its second-largest shareholder, days before the matters were to hit the courts in Singapore.

Kalbarri to get renewable energy microgrid

A $10 million renewable energy-powered microgrid, which has the potential to become Australia’s largest, has been given the green light for development in Kalbarri.

Board Moves November 15-18, 2016

Resignations Dr Nigel Finch has resigned as director and chairman of Panorama Synergy. Managing director Terry Walsh has been appointed as acting chairman.

Saybubble rises to top Techboard spot

Saybubble has been named Techboard’s highest trending company for this fortnight, following strong international news coverage and social media engagement.

Founding Doray boss to retire

The founding managing director of Doray Minerals has announced his resignation after nearly eight years in the role, citing personal reasons for his departure, with non-executive director Leigh Junk to fill the role until a full-time candidate is found.

Valmec wins work with Saracen

Perth-based Valmec has won a $6.6 million contract to provide its services to Saracen Mineral Holdings at the gold miner’s Thunderbox operations.

WA family businesses inducted into hall of fame

Three local businesses have been inducted into Family Business Australia’s hall of fame, including an electrical contractor established in 1920, a fertiliser supplier and an engineering business that recently listed on the ASX. 

Leasing activity healthy: Groves

Real Estate Institute of Western Australia boss Hayden Groves says residential leasing activity continues to improve across the Perth metro area, as the central sub-region’s median rent falls to $380 per week.

Nearmap to raise $25m

Aerial imagery company Nearmap has announced plans to raise up to $25 million from investors to fund development, sales and marketing work.

GCS wins $59m contract at Ritz-Carlton

Probuild has awarded Perth-based Global Construction Services a $59 million contract for work on the $500 million Ritz-Carlton hotel and The Towers apartments project at Elizabeth Quay.

Murphy labels Nalder's actions 'not reasonable'

The auditor general says former transport minister Dean Nalder’s decision to withhold information from parliament about his proposed Max Light Rail project was unreasonable, as the details were already in the public domain.

Smart Parking taps market for $11m

Perth-based technology company Smart Parking has announced plans to raise up to $10.9 million from investors to fund enhancements to its products, as well as sales and marketing work.

Fortescue's Solomon extension plans get EPA nod

The Environmental Protection Authority has recommended approval of Fortescue Metals Group’s proposed extension plans at its Solomon iron ore operations near Tom Price, subject to a number of strict conditions.

Insolvency appointments November 1-22, 2016

FirmAppointee/SolicitorRoleCompany NamePublished DateDeloitteJason TracyliquidatorIntegracom Management Group Pty Ltd22/11/2016GM InsolvencyGinette MullerliquidatorACN 150 427 393 PTY LTD formerl

Fleetsu wins at hackathon

Perth-based tech startup Fleetsu has taken home the top prize at the Motorola Solutions public safety hackathon for its safety mobile application.

Piacentini & Son wins Mt Cattlin contract

Picton-based Piacentini & Son has won a contract to undertake mining work at Galaxy Resources’ Mt Cattlin lithium project near Ravensthorpe.

$200m of work for Monadelphous

Engineering contractor Monadelphous Group says it has received $200 million worth of work on the east coast, including two major contracts in the water infrastructure market.

Board Moves October 22 to November 15, 2016

Quest Minerals has appointed Paul Piercy non-executive chair and Dennis Gee non-executive director to fill the casual vacancies created by the failures of Mr Piercy and Mr Gee to be re-elected at the

People Moves November 21, 2016

WACA appoints first female deputy chair

Dacian's gold project to cost $220m

Dacian Gold says it will cost $220 million to bring its Mt Morgans gold project near Laverton into production, which it hopes to do by early 2018.

Gold Road’s Gruyere gets EPA tick

Aspiring gold miner Gold Road Resources has received the Environmental Protection Authority’s nod of approval for its proposed development of its $507 million Gruyere project near Laverton.

Otoc buys Lester Franks for $5m

Perth-based OTOC has further expanded its operations with the acquisition of Tasmanian business Lester Franks Survey & Geographic for up to $5 million in cash and shares.

SRG in Tamworth dam contract

Subiaco contractor SRG has won a $24.4 million contract from WaterNSW as part of works on a dam near Tamworth.

Contractors share in $35m of work

Local companies have shared in $35.6 million worth of construction and building contracts for work around the state, including the Perth-based civil and mining division of Watpac Group, which has won a $7.1 million contract for road upgrades at Kalbarri National Park.

DTI to raise $11m

Technology company DTI Group has announced plans to raise $11.6 million from investors to bolster its balance sheet and fund development of its products.

SCEE JV wins more Wheatstone work

Perth-based Southern Cross Electrical Engineering says its joint venture with Kentech has grown its order book at the Chevron-operated Wheatstone LNG project near Onslow to $60 million.

Deloitte recruits Perth oil and gas leader

Professional services firm Deloitte has snared its second senior recruit from Accenture's Perth office, hiring Bernadette Cullinane as its national oil and gas practice leader.

OpenDNA flat on ASX debut

Artificial intelligence company OpenDNA has wrapped up its first day of trading on the ASX after completing an $8 million initial public offering.

Inquiry launched into payment times

The recently appointed Australian small business and family enterprise ombudsman has launched an inquiry into the payment practices of big businesses and governments across Australia.

Maca wins work with Main Roads

MACA has won a contract to provide its services to Main Roads WA in the Kimberley region, with the work valued at up to $18.4 million.

Asic bans Perth insurance broker

The Australian Securities and Investments Commission has permanently banned a Perth man from providing financial services after finding he had redirected $254,000 worth of clients’ funds into his own accounts.



$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.

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.