Business News

Podcast: Office Hours with Damian Stone

As many Western Australians wrap up another year and prepare to head down south for summer holidays, this month’s edition of the Office Hours podcast is perfect listening material for the trip down the Forrest Highway as it highlights the significant property markets across the region.

MG Corporation signs MOU with Cubbie

MG Corporation has signed a memorandum of understanding with Cubbie Farming to investigate the feasibility of growing cotton in the East Kimberley region.

Dacian Gold names new CEO

Dacian Gold founder Rohan Williams is stepping down from his role as chief executive and executive chairman, to be replaced by 25-year mining veteran Leigh Junk and non-executive director Ian Cochrane.

MLG signs West Coast AFLW partnership

Mining services group MLG has signed a three-year partnership agreement with the West Coast Eagles’ AFLW team.

CEOs list digital transformation as top concern

Australia’s chief executives have listed digital transformation as their top concern heading into a new decade, according to KMPG’s annual survey of nearly 200 c-suite executives.

Chevron makes Australian service station comeback

Chevron is returning to Australia’s fuel retailing market, through the acquisition of Puma Energy’s network of petrol stations and retail stores in a deal worth $425 million.

Appointments December 20, 2019

Our weekly appointment wrap includes Jeff Howard, Warwick Lynch, Aaron Morey, Stuart Gale, Lee-Anne de Bruin, David Hochwald-Jones, David Simpson, Sarah O'Shea, Simon Leunig, David Lock, Stuart Gula, Mark O'Brien, Michelle Shafizadeh, Sharryn Jackson, Greg Joyce, Llewellyn Jones, Steven Burns, Sasha Sari, Cal Doran and Amy Lee.

Consumer confidence at a low: CCI

WA consumers are entering 2020 with subdued confidence, according to research from the Chamber of Commerce and Industry of WA, with four out of five consumers surveyed expecting the economy to worsen or stay the same.

Board Moves December 18, 2019

Our board moves wrap includes Geoffrey McNamara, Bob Vassie, Joshua Ong, Vicki Xie, Bruce Clement, Steven Michael, David Kelly, and Liz Hough.

Sea to Summit receives $30m ADF contract

Sea to Summit will receive $30 million as part of a contract with the Australia Defence Force, with the WA-based defence business providing shelters, training and protective equipment to personnel in Australia and overseas.

Neometals secures funding to commercialise zeolite process

Neometals has secured funding from the Innovative Manufacturing CRC to accelerate development of its synthetic zeolite manufacturing process.

Mincor, Triton collectively raise $8.5m

Mincor Resources has reported a surge of demand for the company’s stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.

CME celebrates record job figures for WA’s resource sector

The Chamber of Minerals and Energy of WA has celebrated the addition of 12,000 jobs to the state's resource sector in the 2018-19 financial year, bringing the overall number of workers employed in the sector to 124,010.

Cultural Landmarks

WA’s cultural infrastructure offers a window into the evolution of the state’s artistic offering over the past century

Board Moves December 16, 2019

Our board moves wrap includes Brian Joseph, Andrew Richards, Stephen Copulos, Kym Verheyen, Rebecca Broughton, and Arthur Palm.

Canyon raising funds for Cameroon bauxite

Canyon Resources has raised $2.5 million to accelerate a pre-feasibility study for its Minim Martap bauxite project in Cameroon, while also kicking off a $1.5 million share purchase plan.

Cost of living outpacing income growth

Common household expenses have increased markedly in the past year with many low-income earners unable to keep pace, according to new modelling released by the WA Council of Social Service.

WestStar awarded $6m in contract extensions

WestStar subsidiary SIMPEC has been awarded $6 million in contract extensions, bringing the total value of contracts awarded to the company since July to $30 million.

Federal funds secured for WACA revamp

Perth’s historic WACA Ground is set to be redeveloped into a boutique 10,000-seat stadium and community-focused recreational facility after it secured $30 million in funding from the federal government.

Board Moves December 9-13, 2019

Our board moves wrap includes Andrew Barclay, Matt Hardisty, Melissa Chapman, Matthew Foy, Tim Markwell, Michael Atkins, Debra Bakker, James Wallbank, Simone Suen, Greg Miles, Janet Wicks, RuCai Ding, ShaoFeng Li, Peter Watson, Peter Main, Daniel Harris, David Riekie, and John Hodder.

Talga raises additional $3m for Vittangi project

Talga Resources has raised $3.25 million from an institutional placement, following the announcement of a $6 million raising from an oversubscribed share purchase plan earlier this week.

Plans for Bravo to go international

The Manjimup-bred burgundy apple Bravo is closer to being sold internationally, after businesses in Europe and South Africa signed an MOU to progress plans for its commercialisation.

South32 and Galaxy drop out of ASX indices

A quarterly rebalancing of S&P/ASX indices has resulted in South32 being relegated from the top 20 index, and Galaxy Resources being dropped from the top 200 index.

ASIC acts on $240m investment scheme

The corporate regulator is seeking to wind-up an alleged unregistered managed investment scheme run by Mt Hawthorn resident Chris Marco, who received about $240 million from 132 investors.

Appointments December 13, 2019

Our weekly appointments wrap includes Ian Hill, Sandra Eades, Joanne Farrell, Fiona Wood, Diane Jurgens, Ben Wessely, Kalea Haran, Melissa Perry, Pia Turcinov, Monish Paul, Claire Poll, Sharon Brown, Daniel Harvey, and Drew Hamilton.

Insolvency appointments November 27 to December 11 2019

There have been 33 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Talga raises $6m

Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.

Stirling speeds up small business approvals

The City of Stirling has streamlined the approvals processes and cut red tape for small businesses in the area, as part of the Small Business Friendly Approvals Project.

Macquarie invests in WA energy company

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

Primewest fund in $47m sale

A fund managed by Primewest has sold a historic building and an adjoining eight-storey office tower in Brisbane’s CBD for $47.4 million.

Board Moves December 6, 2019

Our board moves wrap includes Brett Clark, Paul Evans, Piers Lewis, Timothy Spooner, Neil Tomkinson, and Josh Pitt.



COVID-19 daily wrap: WA to ban regional travel

Mark McGowan says regional WA travel restrictions will soon be announced, foreshadows beach closures. Optus Stadium converted to emergency headquarters for WA police. WA's confirmed COVID-19 cases grew by 35 to 175.

COVID-19 daily wrap: WA closer to lockdown

WA's confirmed COVID-19 cases jumped by 20 overnight to 140. Premier Mark McGowan warned not enough people were adhering to social distancing rules. WA will go into border lockdown tomorrow while cafes, restaurants and bars were restricted to takeaway services only at 12pm today.

COVID-19 daily wrap: First community transmission in WA

Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

$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.

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Austal wins more maintenance work with US Navy

Henderson-based shipbuilder Austal has won a $US12 million ($A15.6 million) contract to provide maintenance work on a littoral combat ship it is currently building for the US Navy.

Carnarvon surges on gas test results

Shares in local oil and gas company Carnarvon Petroleum have surged on better than expected results at its Roc-2 well test offshore Port Hedland.

World's second-best hotel in Perth's CBD

Perth’s COMO the Treasury Hotel has been named the second best hotel in the world by travel publisher Conde Nast.

Gold Road project to cost $507m

Gold Road Resources has released its feasibility study on the Gruyere gold project near Laverton, which has detailed a $52 million increase in capital costs and a longer mine life.