Business News

Western Areas approves $299m Odysseus

Nickel producer Western Areas has given the green light to develop its Odysseus project following completion of a definitive feasibility study, which detailed a capital cost of $299 million.

EPA given $3.3m boost

The Environmental Protection Authority will receive a $3.3 million funding boost to deal with a recent spike in proposals in Western Australia, with the government also announcing plans for a scheme to allow the outsourcing of some assessments.

Board Moves October 19, 2018

Chris Indermaur has joined the board of Austal as non-executive director. Mr  Indermaur has over 30 years of experience in engineering and commercial roles within large Australian companies.

WA driving holidays to boost tourism

Tourism Minister Paul Papalia says an international campaign promoting driving holidays in Western Australia launched today by the state government will encourage visitation to the state.

Austal wins $80m US Navy contract

Henderson-based shipbuilder Austal has won a $US57.9 million ($80 million) contract with the US Navy to build a 103-metre catamaran.

Barminco confirms $335m extension

Barminco has been awarded a four-year extension to two mining services contracts at Gold Fields’ Agnew mine near Leinster, worth a combined $335 million.

QEM in $5m IPO

Vanadium-focused QEM, which features experienced mining executive Daniel Harris on its board, began trading on the ASX today after completing a $5 million initial public offering.

Thunderbird capex rises to $463m

Mineral sands aspirant Sheffield Resources has attributed a $115 million capital cost increase at its Thunderbird project to changes in the scope of work and the infrastructure ownership model.

Eden up on trial results

Shares in Perth-based Eden Innovations have finished more than 18 per cent higher today, after the company released the results of a two-year trial testing its concrete.

Sproule calls for Kin board spill

A group of dissident shareholders led by former director David Sproule are seeking a board spill at gold-aspirant Kin Mining, including the removal of new chief executive Andrew Munckton.

Board Moves October 17, 2018

Gary Todd has been appointed managing director of Cortical Dynamics.

Alkane invests $3.7m in Calidus

Burswood-based Alkane Resources has invested $3.7 million in gold explorer Calidus Resources, with the proceeds to fund completion of a pre-feasiblity study at the Warrawoona project in the Pilbara.

Vector in $US35m debt funding

Vector Resources has secured a $US35 million ($50 million) debt facility with Dubai-based conglomerate Fast Telecom to fund the acquisition of a gold project in Africa.

Board moves: DTI, Pancontinental

Local tech company DTI Group has announced a host of board changes, while Pancontinental Oil & Gas chief executive is set to resign due to personal reasons.

WA battery storage trial launched

A new battery storage trial launched by utilities Synergy and Western Power in Mandurah will allow households to store residual energy from their solar panels and use it during peak periods.

Lendi signs on as Eagles sponsor

Sydney-based online mortgage broker Lendi has signed on as the West Coast Eagles’ new co-major sponsor for the next three years, replacing long-standing partner SGIO.

Board Moves October 16, 2018

Wade Evans has been appointed non-executive director of Bora Bora Resources.

Burges set to depart WALGA

WA Local Government Association chief executive Ricky Burges is set to step down next year, after nearly two decades at the helm.

White Cliff plans $2.3m raising

White Cliff Minerals has announced plans to raise up to $2.3 million to fund exploration at the company’s gold deposit in Central Asia and across its Western Australian assets.

Wammco to install 3MW energy facility

WAMMCO has signed on Queensland-based ReNu Energy to build a 3.1-megawatt bioenergy and solar facility at the sheep meat producer’s Katanning abattoir.

Saracen posts quarterly record

Gold miner Saracen Mineral Holdings has posted record production for the September quarter and says it will now begin to ramp-up exploration spending.

Board Moves October 15, 2018

Atlas Iron has appointed Spiro Pappas, Professor Ian Plimer, Tad Watroba and Stephen Wood as non-executive directors with Mr  Pappas being elected as chair.

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.

KBR awarded Browse contract

US-based engineering giant KBR has been awarded a concept definition contract for Woodside Petroleum’s planned Browse gas project.

Orbital up on FY19 guidance, new agreement

Shares in Orbital Corporation jumped 16 per cent today, after the local tech company announced a contract extension with multinational The Boeing Company and provided revenue guidance of $24 million for the 2019 financial year.

Northern Minerals in $27m deal

Northern Minerals has announced a $27 million funding package, which includes a $25 million investment from a Chinese rare earth company.

Atlas makes board changes

Atlas Iron has announced a raft of board changes, including the appointment of former state government tourism boss Stephen Wood and National Australia Bank executive Spiro Pappas.

Board Moves October 12, 2018

Decmil has appointed Damian Kelliher as executive general manager of commercial and risk. Mr  Kelliher is an experienced commercial leader with a construction industry background.

NRW wins $92m work

NRW Holdings has announced a series of contracts worth about $92 million, including an extension at Talison Lithium’s Greenbushes mine and work at BHP Billiton’s South Flank project.

Capitol buys more WA clinics

Melbourne-based Capitol Health has expanded its West Australian network with the acquisition of two South West radiology clinics for $5 million.

Board Moves October 11, 2018

Ediberto Brito has been appointed senior chemist and laboratory manager of Brazilian gold explorer BBX Minerals.



$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.