Business News

Board Moves October 4, 2017

Shashi Fernando has resigned as director and chief executive of Yonder & Beyond, and will instead concentrate 100% of his time as chief executive of Beyond Media due to the increased demand for it

Birimian releases PFS on lithium project

Lithium hopeful Birimian has released a pre-feasibility study on its Goulamina project in Mali, with five development scenarios that range the capex between $US87 million ($A110 million) and $US412 million ($A524 million).

AHG buys up east coast franchises

Automotive Holdings Group has further grown its presence on the east coast with the acquisition of five franchised car dealerships in NSW for $8.5 million plus stock and assets.

Board Moves October 3, 2017

Caeneus Minerals has appointed Peter Christie as non-executive director following the resignation of Michael Nottas who has served on the board for 3 years.

Hazer to build plant with MinRes

Tech company Hazer Group has entered into a collaboration agreement with diversified business Mineral Resources, for development of a facility to produce synthetic graphite.

Kalium's sulphate project to cost $220m

A pre-feasibility study on Kalium Lakes’ Beyondie sulphate of potash project in the Pilbara has detailed a $220 million capex to bring the asset into production.

Board Moves October 2, 2017

Terry Bowen and John Mogford have been appointed non-executive directors of BHP Billiton. Jane Muirsmith has been appointed non-executive director of Cedar Woods Properties.

Quantify in deal with Harvey Norman

Perth company Quantify Technology Holdings says it has the potential to reap up to $30 million in sales a year through a new agreement with retailer Harvey Norman.

Tungsten taps investors for $13m

Local company Tungsten Mining has kicked off a $13.5 million capital raising as it progresses development of its Mt Mulgine tungsten project in the Murchison region.

Board Moves September 26-29, 2017

Long serving non-executive director John Gardner has retired from the board of Mincor Resources.

$38m native title deal for Hedland

The state government and the Kariyarra people have signed an agreement that will enable existing and future expansion of Port Hedland's port and development of residential land in South Hedland.

BC Iron buys Mineralogy tenements

BC Iron has entered into an agreement to buy iron ore tenements in the west Pilbara owned by Clive Palmer’s Mineralogy, for $9 million in cash plus royalty payments.

Resources sales up, investment down in WA

The state’s resources industry achieved higher sales in the 2017 financial year at $105 billion, but investment in the sector has fallen to $22 billion according to new data.

Connected IO taps investors for $3m

Wireless technology company Connected IO says it has received firm commitments from investors to raise $3 million.

Avita seeks US market pre-approval

Health technology company Avita Medical has submitted a pre-market approval application to the US Food and Drug Administration for its ReCell regenerative medicine technology.

GCS flags hire business sale price tag

Global Construction Services is still negotiating the sale price for its equipment hire business to Onsite Rental Group, but says the division accounted for less than 10 per cent of the group’s total revenue.

Civmec wins work on NT pipeline

Henderson-based Civmec has been awarded contracts for work on the Jemena northern gas pipeline in the Northern Territory, which will employ 160 people at its peak.

Calidus raises $10m for gold project

Local gold explorer Calidus Resources has tapped investors for $10 million as it progresses development of its Warrawoona project in the Pilbara.

Monadelphous wins $220m in new work

Perth-based Monadelphous Group has won a suite of new contracts and extensions for maintenance and construction work around Australia and internationally, to the tune of $220 million.

Clark to lead Kasbah

Tin explorer Kasbah Resources has recruited former Wolf Minerals boss Russell Clark as its new chief executive.

Matsa buys Saracen’s Red October

Northbridge-based Matsa Resources has signed an agreement to acquire Saracen Mineral Holdings’ Red October gold mine near Laverton for about $2 million in cash and shares.

Tiger signs $23m facility

Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans.

Board Moves September 25, 2017

Coventry Group has announced the retirement of non-executive director Ken Perry and the appointment of Rod Jackson as chief financial officer.

Board Moves September 22, 2017

Heron Resources has appointed Peter Rozenauers and Ricardo De Armas as non-executive directors.

Insolvency appointments Sep 8 to 20 2017

FirmAppointee/SolicitorRoleCompany NamePublished DateRSMNeil Raymond CribbliquidatorBallare Pty Ltd20/09/2017Worrells Solvency & Forensic AccountantsMervyn Jonathan KitayliquidatorCookie Doug

MCA chief to hand over reins

Minerals Council of Australia chair Vanessa Guthrie has announced the resignation of chief executive Brendan Pearson after four years at the helm.

Barminco recruits Thiess exec as CEO

Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.

Board Moves September 21, 2017

Chris Evans has been appointed chief operating officer, a newly created position, at Altura Mining. He has been Altura’s general manager of operations since July 2015.

Neometals recruits Peak CEO

Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.

Avita signs $30m contract expansion

Health technology company Avita Medical has signed a $US24.3 million ($A30.5 million) expansion to its contract with a US government research agency, for further funding of its ReCell device trials.



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.

most commented

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.