Business News

Board Moves November 6, 2017

Wayne Loxton has been appointed non-executive director of Protean Energy.

Former Perth stockbroker sentenced

Former stockbroker Lewis Fellowes has been sentenced to three years’ imprisonment after pleading guilty to three dishonesty charges, but has been spared prison time after entering into a $30,000, five-year good behaviour bond.

People Moves November 6, 2017

Telethon Speech & Hearing has appointed Tim Cooney and Jeremy Rigg to its board.

Board Moves November 3, 2017

Cedar Woods has appointed Patrick Archer as chief operating officer. Mr  Archer has been with the company since 2005 and became state manager of Victoria and South Australia in September 2016.

WA citrus exports to grow 12-fold in three years

The state’s largest citrus packing facility opened in Bindoon today, supporting an export industry that is seeing huge growth.

New Century Resources raises $52.9 million for zinc

New Century Resources has raised $52.9 million to restart the Century Zinc Mine in Queensland, initially by reprocessing the tailings.

Small miners busy raising $36 million

It has been a hectic few days of raising funds for Perth-based miners Aspire Mines, Rumble Resources and Australian Mines.

Mackerel added to Mareterram catch

Shark Bay shellfish producer Mareterram is expanding into the mackerel business with the $4.95 million purchase of an established fishing fleet, support vessels, and licences.

More time to shop this Christmas

Perth’s shoppers will enjoy the same extended shopping hours as last year to buy presents and hunt for bargains, but employers want longer hours all year round.

Board Moves November 2, 2017

Sarah Mitchell has been appointed general manager, technical services of Ardea Resources. Ms  Mitchell has 20 years of experience in mining and engineering projects.

Mustang plummets after failed auction

Shares in Mustang Resources fell 56 per cent today as the Perth-based miner of rubies in Mozambique resumed trading after a disappointing auction of rubies.

Fresher for longer is the innovation of the year

Curtin University won the WA Innovator of the Year Award last night for compounds that extend the life of fruit and vegetables.

RAC buys Karri Valley

The RAC has added the Karri Valley Resort near Pemberton to its growing holiday accommodation business.

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.

Board Moves November 1, 2017

Karen Wood has been appointed non-executive director of South32.

Mustang's rubies lose their shine

Mozambique ruby miner Mustang Resources, which suffered a 30 per cent share price plunge on Monday after a strong rally in recent weeks, has announced a disappointing inaugural tender in Mauritius.

The IT guy may be a dying breed

Nearly two thirds of workers in small- and medium-sized businesses constantly solve IT problems as an addition to their day-to-day job, a survey of the sector has found.

Finch closes $2.25 million seed raising

Fintech startup Finch, which was jointly established by former Perth business adviser and 40under40 award winner Toby Gardner, has completed a $2.25 million capital raising.

Perth home prices flat

Perth home prices were flat in October, in line with the national picture, as Sydney turned downwards.

Strandline's zircon push

Strandline Resources is scouting for partners to develop its $173 million zircon-rich Coburn project 250 kilometres north of Geraldton.

Swick drilling picks up

Revenues at Swick Mining Services are up, in another sign of a strengthening mining sector, with managing director Kent Swick saying the new financial year had brought some optimism.

Board Moves October 31, 2017

Jamie Day has been appointed exploration manager of Liontown Resources. Mr  Day is a well credentialed geologist with over 20 years of experience in minerals exploration.

WA keeps its credit rating, for now

Western Australia has retained its AA+ credit rating with a negative outlook, S&P Global Ratings confirmed today, as revenue remained a risk to the rating in the future.

Emeco now a bigger western force

Perth-based Emeco Holdings has added to the acquisition of two east coast mining equipment rental businesses, today announcing a $70 million takeover of fellow Western Australian company Force Equipment.

LandCorp releases three development sites

LandCorp has outlined a proposal to develop precincts in Claremont, Jolimont and North Coogee with the private sector, amid a portfolio of more than 30 commercial, residential and industrial land opportunities across Western Australia.

GO2 People goes public

Belmont-based labour-hire firm GO2 People listed on the ASX today after raising more than $10 million to provide more labour to infrastructure projects and expand its building arm.

Board Moves October 30, 2017

Sam Willis has resigned as non-executive director of Elixir Petroleum due to increasing demand from other business commitments.

Three-way tussle for $40 million freeway work

Shortlisted contractors for the widening of the Mitchell Freeway have been announced, with BMD Constructions, CPB Contractors and WBHO Infrastructure in the race for the $40 million contract.

Creasy takes equity in Myanmar Metals

Mark Creasy has emerged as a substantial shareholder of Myanmar Metals as the explorer continues to recover after a troubled year.

ACIL, GHD win pipeline study

The federal government has commissioned ACIL Allen and GHD to study the possible development of a pipeline from Western Australia to the eastern states, one of the critical elements of a possible national gas market.

Underpayment fine for Perth cleaning company

A Perth cleaner has been hit with a near-record $306,000 fine for failing to pay young overseas workers in an industry fast gaining a reputation for underpayment.



$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 tax agent deregistered

The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.

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.

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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.