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Business News

Work begins on major Claremont development

Construction has started on a new aged care centre at LandCorp’s Claremont on the Park redevelopment, with Oryx Communities today breaking ground on The Queenslea project.

Cape JV wins Rio contract

A 50-50 joint venture between Cape and Aboriginal business Kurtarra has announced it secured an optical fibre contract with Rio Tinto.

Polly Farmer dies, aged 84

AFL legend Graham 'Polly' Farmer has passed away in Fiona Stanley Hospital, following a prolonged battle with Alzheimer's disease.

Rhinohide takes crowdfunding equity route

Rhinohide is seeking to raise up to $500,000 via equity crowdfunding platform Equitise, after raising $791,000 from private investors earlier this year, as the vehicle protection panel business looks to launch in the US.

ECU, Curtin researchers win Premier's Science Award

Edith Cowan University's Rob Newton and Curtin University's Phil Bland were named joint winners of the scientist of the year award at last night's Premier's Science Awards.

SCEE awarded $35m in contracts

Southern Cross Electrical Engineering has won several contracts worth a combined $35 million in the commercial, data centre and energy sectors, primarily on the east coast.

Monadelphous secures $60m Rio rail contract

Monadelphous has secured a $60 million contract for work on Rio Tinto’s Pilbara rail network, the latest of a string major contracts it has received from the mining giant.

Corporate finance deals Aug 12 to 16 2019

A summary of last week's smaller deals that did not get included in our daily news coverage.

Board Moves August 12, 2019

Gracjan Lambert has resigned as chief executive of Red Emperor Resources.

Corporate finance deals Aug 5 to 9 2019

A summary of last week's smaller deals that did not get included in our daily news coverage.

PCF signs gold JV with Chinese firm

PCF Capital has struck a joint venture deal with Zhaojin International Mining, as the Hong Kong-based company looks to invest in the Australian gold sector.

$90k fine for builder's false claims

Two Perth businesses and their director must pay almost $90,000 in fines and costs after claiming to be authorised to undertake work for which they were not registered.

Northern Minerals signs new offtake deal

Northern Minerals has signed an offtake agreement with Thyssenkrupp, replacing its deal with Lianyugang Zeyu New Materials Sales.

Eden to raise $8m

Eden Innovations is set to raise $8 million via a share purchase plan to strengthen its working capital.

Board Moves August 9, 2019

Terry Larkan has resigned as managing director of Kalia. Orminex has appointed Michael Foulds as non-executive director and Ross Graham as his alternate director.

Burgess wins increased PTA contract

Burgess Rawson has renewed its contract with the Public Transport Authority of WA for property management services of its 500 leases, worth around $4.8 million.

Lumsden replacement named at City of Perth

Local Government Minister David Templeman today named Andrew Hammond as City of Perth's new chair comissioner, replacing outgoing chair Eric Lumsden.

Handley wins BP laser contract

Handley Surveys has entered into a three-year agreement with BP to supply its 3D laser scanning services in Western Australia.

Thick to chair Chamber of Arts and Culture

The Chamber of Arts and Culture WA has announced a new chairperson and the departure of Janet Holmes a Court from its board.

Appointments August 9, 2019

Our weekly appointments wrap includes Tiri Sanderson, Michelle Dillon, Alistair Thornton and Iain Levy.

MGroup Attracts Bunnings in Albany

Bunnings has signed a heads of agreement with M/Group, under which Bunnings will relocate from its existing Albany premises to over 14,000 square metres of new space located at MGroup's Chester Pass Mall in the coastal town.

ACCC takes HealthEngine to court

The ACCC has instituted federal court proceedings against HealthEngine, accusing the WA-based health service of misleading and deceptive conduct.

Ellenbrook Central expansion to start this month

Vicinity Centres’ Ellenbrook Central will undergo a $63 million expansion featuring an additional 20 retailers, including a new Kmart, with Doric to commence construction this month.

Margaret River wineries recognised at Halliday awards

Cullen Wines, Domaine Naturaliste and Stella Bella Wines were among the winners at last night's Halliday awards.

Board Moves August 7, 2019

Alistair Williams has resigned as non-executive director of Greenpower Energy in order to concentrate on his business interests in the UK. Peter Batten has resigned as technical director of Kalia.

Western Power seeking millions in class action court costs

Western Power is seeking an order in the Supreme Court of Western Australia to recover its costs from a class action following the Parkerville bushfire in 2014.

Serpentine to raise $7m

West Perth-based Serpentine Technologies is seeking to raise $7 million to fund its acquisition of K-TIG and enable growth of the company’s welding-as-a-service business model.

Ausdrill wins $235m Africa contract

Ausdrill subsidiary African Mining Services has been selected as preferred open-pit mining contractor for West African Resources' Sanbrado gold project in Burkina Faso.

Corporate finance deals Jul 29 to Aug 2 2019

A summary of last week's smaller deals that did not get included in our daily news coverage.

Board Moves August 5, 2019

Our daily board moves wrap includes Richard Petty, Tim Naylor, Ian Gregory, Robert Ierace, John Begg, Neville Bassett, and Glen Watts.

MacTiernan reveals cancer diagnosis

State Agriculture, Regional Development and Ports Minister Alannah MacTiernan has revealed she has been diagnosed with breast cancer.

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$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.