Business News

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.

AusCann higher on ASX debut

Medical cannabis company AusCann Group Holdings has wrapped up its first day of trading on the ASX after completing a reverse takeover of TW Holdings.

Worner cleared as ASA calls for better communication

The Australian Shareholders’ Association has called for companies to do a better job of communicating with their shareholders, following the resignation of a Seven West Media director on the eve of today's report on misconduct allegations against chief executive Tim Worner.

Board Moves February 2, 2017

Julius Matthys has been appointed non-executive chair of Doray Minerals. Duncan Saville has been appointed alternate director of Homeloans.

Primary raises funds for gold projects

Perth-based Primary Gold has tapped investors for $8.5 million to fund ongoing work at its Coolgardie and Mount Bundy projects in the Goldfields.

R-Group wins work with Vic govt

Perth-based telco and managed services provider R Group International will share in an estimated $126 million worth of annual work, after securing a place on the list of providers for the Victorian state government.

ECO Environmental buys Singapore business

Perth-based ECO Environmental has expanded its operations to Singapore through the acquisition of field services assets from US company Pentair.

Techboard ranks MiPlan in top spot

MiPlan has been named Techboard’s highest trending startup in January, after the WA-based mine production management solutions company announced its acquisition by US-based Hexagon Mining for an undisclosed amount, as reported by Business News.

Doray picks Matthys as chairman

Former BHP Billiton executive Julius Matthys has been appointed chairman of gold miner Doray Minerals, replacing Peter Lester who retired last month to focus on his other business interests.

Board Moves February 1, 2017

Global Gold Holdings has announced the appointments of Nicholas Ong as non-executive director and Daniel Smith as company secretary.  Leonard Math has resigned as non-executive director and company se

Businesses, unions dig deep in election year

Western Australian businesses contributed nearly $2 million to the two major political parties in the 2016 financial year, according to recently released disclosures, while trade unions gave about $1.1 million directly to the local branch of the Labor Party.

Vlahov resurfaces as iCollege boss

Six months after ending a short stint as the head of thermal energy company Enerji, former Perth Wildcats owner Andrew Vlahov has been named chief executive of sporting-focused online education provider iCollege.

Expansion under way at Busselton airport

Work has started on a $70 million expansion of the Busselton-Margaret River regional airport, after Ertech and Arup were awarded contracts for development of the project.

Board Moves January 31, 2017

Ephraim Resources has announced the appointment of Evan Cross as non-executive director, and the resignation of Yu Won Loi from the board.

Iluka swings axe on 90 jobs, flags $230m impairment

Iluka Resources boss Tom O’Leary says the company will swing the axe on 90 jobs after revealing a $201 million impairment and flagging a net loss of up to $230 million for 2016.



$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.