Business News

WA wheat set for processing in Philippines

Interflour Group, which is half-owned by CBH Group, has today shipped the first load of wheat from Kwinana to its new Mabuhay mill in the Philippines.

Elsight debuts on ASX

An Israeli tech company has commenced trading on the ASX after raising $5 million from investors through an initial public offering and setting up shop in West Perth.

UWA named in world’s top 100

The University of Western Australia is one of seven Australian institutions to be listed in the latest QS World University Rankings top 100. 

Perth financial planner banned

The corporate watchdog has banned a former Westpac employee from providing financial services after finding he mishandled more than $1 million worth of advice service obligations.

Maca earmarked for $100m contract

MACA has been named preferred contractor for a $100 million open pit mining services job at Ramelius Resources’ Mt Magnet gold project.

Board Moves June 7, 2017

Berkeley Energia has appointed London-based mining executive Nigel Jones as non-executive director.

DigitalX attracts new major shareholder

An Australian company operating in the bitcoin and blockchain space has committed to become a 40 per cent shareholder in software company DigitalX by way of a $4.35 million investment.

Change at helm of ChemCentre

ChemCentre has appointed Peter McCafferty chief executive. Mr McCafferty was previously director of ChemCentre’s scientific services division, a role which he served in for 15 years.

India Resources enters administration

West Perth-based copper producer India Resources has entered administration after facing numerous delays at its Surda mine in India, including strikes due to employee payment issues.

Civmec wins $90m in new work

Henderson-based Civmec has received $90 million worth of contracts for work on a number of projects nationwide, with the most significant being a construction job at Alcoa of Australia’s Pinjarra alumina refinery.

Insolvency appointments Apr 21 to Jun 6 2017

FirmAppointee/SolicitorRoleCompany NamePublished DateDeloitteJason TracyadministratorIndia Resources Limited6/06/2017RSMGregory Bruce DudleyliquidatorAccent Granite Pty Ltd6/06/2017Ticcidew Insol

Board Moves June 6, 2017

Force Commodities has appointed David Sanders as non-executive chair and Jason Brewer non-executive director.

MyFiziq in $5m JV deal

ASX-listed app company MyFiziq has entered into a joint venture agreement with a Singaporean company for the development of a new diagnostic tool for the medical sector.

Woodside secures LNG deal in Indonesia

Energy giant Woodside Petroleum has inked an agreement for the supply of liquefied natural gas to an Indonesian government-owned enterprise.

People Moves June 2, 2017

Southern Cross Austereo has appointed Gina Hogan as general manager of its Perth operations.

Board Moves June 2, 2017

Greg Gilbert has resigned as non-executive director of BPH Energy.

Beale passes the baton after son's death

Aquatic Leisure Technologies’ long-serving managing director Lew Beale has handed the reins to his daughter Lynley Papineau, following the unexpected death of his son, Ben Beale, in April.

Dragon hit by ASX delisting, raising delays

Junior explorer Dragon Mining’s plan to delist from the ASX and join the Hong Kong Stock Exchange appears set to be delayed by several months, along with its proposed $17.5 million capital raising.

Board Moves June 1, 2017

Orinoco Gold has appointed Craig Dawson, current chief operating officer, as chief executive officer. John Hannaford has retired as non-executive chair.

LMW grows with MVS National buy

ASX-listed property valuation firm LMW has merged with competitor MVS National, with the combined entity to operate under the LMW brand.

Tox Free in asset swap

Waste management business Tox Free Solutions has traded two of its east coast businesses for an industrials business owned by JJ Richards & Sons under an asset swap agreement.

Wellard sells livestock ship to Israeli firm

Live cattle exporter Wellard has announced the sale of one of its mid-sized ships to Israeli company Dabbah Slaughterhouse for $US26 million ($A35 million).

Decmil JV wins Fortescue contract

A joint venture between Decmil Group and Belgian company BESIX Group has won a $21 million contract to build tug facilities in Port Hedland for Fortescue Metals Group.

Board Moves May 31, 2017

Dr Simon Buckingham will step down as non-executive director of Creso Pharma and take on a consulting role, assisting newly appointed chief operating officer David Russell with the development of comm

Nuheara links up with Bloom

Nuheara has entered into a retail partnership with Widex Australia for its IQbuds to be sold in Bloom Hearing clinics in Australia.

Robson to chair Perron Institute

Former University of Western Australia vice chancellor Alan Robson has been selected as the new chair of the Perron Institute for Neurological and Translational Science.

Federal funding for UWA research projects

The University of Western Australia has received federal funding and contributions by partner organisations for two projects focused in the environment and resources sectors.

RCT founder wins top Austmine innovation award

The founder of Kewdale-based technology manufacturing business RCT, Bob Muirhead, has been named the Austmine champion of innovation for 2017.

Tembo invests in Orion

Zinc and copper explorer Orion Minerals has received a $3 million investment by private equity group Tembo Capital to fund work at its projects in Africa, and has flagged a further $1.8 million capital raising.

New WA graphite mine to cost $148m

Aspiring graphite miner Hexagon Resources has released a pre-feasibility study on its McIntosh project in the Kimberley, which detailed a development capex of $148 million.

Board Moves May 30, 2017

Susie Corlett has resigned as non-executive director of ABM Resources. Ms  Corlett was a nominee of Pacific Road Capital Management, ABM’s largest shareholder.



$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.