Business News

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.

Mt Gibson to develop Iron Hill

Perth-based miner Mount Gibson Iron has started development of its Iron Hill mine in the Mid West after receiving final approvals, and hopes to begin producing by as early as May.

Young joins Cycliq board

Leederville-based bicycle accessories maker Cycliq has recruited Vimy Resources boss Mike Young onto its board as a non-executive director.

Board Moves February 8, 2017

Matthew Carr has been appointed non-executive director of Minera Gold.

Construction contracts Jan 24 to Feb 8

Crothers Construction has been awarded a $12.7 million contract to perform additions and sewerage works at the Carnarvon Community College.Universal Constructions will build a replacement primary scho

SportsHero to list after raising $3m

App company SportsHero is set for its ASX debut after raising $3.2 million from investors and completing a reverse takeover of Perth-based Nevada Iron.

Galaxy raises $61m for Americas ventures

Galaxy Resources has set the bar for the largest capital raising undertaken by a WA-based company for 2017, announcing a $61 million capital raising to fund development work at its Sal de Vida lithium project in Argentina.

Board Moves February 7, 2017

Anthony Kiernan has resigned as non-executive director of Danakali.

Minderoo partners with WA Opera

The West Australian Opera has today announced Nicola and Andrew Forrest’s Minderoo Foundation has joined its 50th anniversary celebrations as a major partner, contributing $75,000. 

MinRes ships first lithium at Mt Marion

The joint venture partners behind the Mt Marion lithium mine near Kalgoorlie have heralded an inaugural shipment of ore to China, with Mineral Resources becoming the state’s third lithium producer.

Valmec to work on DBP gas storage facility

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group’s Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

Board Moves February 6, 2017

Elizabeth Gaines has been appointed chief financial officer of Fortescue Metals Group. Ms  Gaines will continue as executive director. Robert Connochie has joined Danakali as non-executive director.

Tiger recruits new CEO

Africa-focused Tiger Resources has named Agrimin chairman Brad Sampson as its new chief executive, replacing Michael Griffiths who spent four years in the role.

Capricorn secures funds for gold project

Aspiring gold miner Capricorn Metals has secured a $10 million investment from an overseas asset manager to fund ongoing work at its Karlawinda project near Newman.

Assorted deals Jan 30 to Feb 3 2017

Laconia Resources to acquire Kraaipan gold-nickel-copper-PGM project in Botswana for $100,000 in cash and $900,000 in scrip.

Board Moves February 3, 2017

BC Iron has appointed Simon Hodge as chief financial officer and Rubini Ventouras as general counsel and company secretary. John Davidson has been appointed independent non-executive director of TNG.

ICRG wins Roy Hill work

Indigenous contractor Guma ICRG has won a contract for work at Gina Rinehart’s Roy Hill iron ore mine in the Pilbara for an undisclosed amount.



$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.