Business News

Galaxy receives Alita debt repayment

Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium miner

Board Moves November 29, 2019

Our board moves wrap includes Rowan Johnston, John Young, Ashley Hood, Clive Jones, James King, Craig Read-Smith, ZeLing Li, JiaLin Li, and Craig Piercy.

Chinese group bids for lithium miner

Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.

Ruah, MHLC announce merger

Ruah Community Services has announced it will merge with Mental Health Law Centre, providing WA's disadvantaged population with increased access to legal and community services.

Insolvency appointments November 13 to November 26 2019

There have been 31 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Board Moves November 28, 2019

Our daily board moves wrap includes David Varcoe, Mark Maine, Neville Bassett, David Porter, Marc Ducler, Kelvin Flynn, David Berg, Brendon Morton, Jonathan Downes, Gary Comb, Klaus Eckhof, Michael Montgomery, David Nour, Patrick Burke, Michael Davy, Jurie Wessels, and James Clement.

Appointments November 29, 2019

Our weekly appointments wrap includes Tony Howarth, Jayden Rogers, Maria Davison, Mark Thompson and Ryan Northover.

Board Moves November 27, 2019

Dan Smetana will be retiring as non-executive director of Korab Resources at the start of next year. Mr  Smetana has been with the company since 2013.

Perdaman, Murujuga sign Burrup plant agreement

Perth-based Perdaman Industries has entered into an agreement with the Murujuga Aboriginal Corporation as part of its plans to build Australia’s largest fertiliser manufacturing plant near Karratha.

ASIC bans Perth financial adviser

The Australian Securities and Investments Commission has banned Peter Jianchao Xu from providing financial services for five years, after surveillance showed Mr Xu providing improper advice to clients.

Board Moves November 26, 2019

Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.

Illuminance shines light on digital literacy

Illuminance Solutions and the University of Notre Dame have announced a joint initiative to improve digital literacy among Indigenous Australians, to be piloted at the university’s Broome campus in early 2020.

Lateral to sponsor INCITE Awards

Lateral has announced that it will partner with WAITTA‘s The INCITE Awards next year, with the Perth-based hardware and software developer coming on board as a naming rights sponsor.

Board Moves November 25, 2019

Our daily board moves wrap includes Peter Rohner, Peter Mullens, Peter Thompson, Neil Norris, Greg Boulton, Don Carroll, Simon Lill, Simon Wong, Bahay Ozcakmak, Patrick McManus, Alan Boyd, Tim Slate, Yugi Gouw, Karl Paganin, Derek La Ferla, and Thomas Lawrence.

Pioneer set to change hands

Pioneer Credit has disclosed it is just days away from announcing a preferred bidder for the troubled financial services business.

More transparency for WA public sector

The state government has detailed changes it plans to make across the public sector to enhance financial accountability and transparency, following recent corruption charges laid against a former senior public servant in the Department of Communities.

Board Moves November 22, 2019

Our daily board moves wrap includes Barry Sullivan, Lindsay Franker, Simon Eley, Hedley Widdup, David Quinlivan, Luke Tonkin, Derek La Ferla, Peter Harold, David Riekie, MaoFeng Ding, Les Davis, Brad Drabsch, Toby Wellman, David Morgan, and Robert Cooper.

WA Group buys White Ribbon

Not-for-profit group Communicare Inc has announced the acquisition of White Ribbon Australia, following negotiations with liquidators Worrells Solvency and Forensic Accountants.

Fleetwood wins NSW govt contract

Fleetwood Corporation subsidiary Modular Building Systems and national construction company Hansen Yuncken have been awarded a contract with the New South Wales government.

Curtin opens Midland campus

Curtin University has officially opened its Midland campus, part of the Metropolitan Redevelopment Authority’s plan to reposition the former railway workshops as a medical and education hub.

Board Moves November 21, 2019

Our daily board moves wrap includes Steven Wood, Silfia Morton, Jessamyn Lyons, Neil Hackett, Victor Rajasooriar, Peter Harold, Pip Darvall, Karen O'Neill, Nivin Thanabalan, and Brad Mytton.

Appointments November 22, 2019

Our weekly appointments wrap includes Tammie Dixon, Guy Chalkley, Marvin Chan, Ella Dachs and Mellisa Teede.

Vango enters agreement with Chinese entity

Vango Mining has entered a non-binding agreement with China-based Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) to provide $70 million for its Marymia project in the Mid-West region.

WA financial adviser banned for four years

A Perth financial adviser who worked for two prominent firms including Godfrey Pembroke has been banned from providing services for four years.

Industrial lots hit market

About 25 new industrial lots will be released across the Western Trade Coast region in south western Perth, the state government announced today.

Board Moves November 20, 2019

Our daily board moves wrap includes Rhoderick Grivas, Caedmon Marriott, Bill Oliver, Chris Afentoulis, Bruce McQuitty, Patrick Holywell, and Patrick Burke.

St Hilda’s plans South West expansion

St Hilda’s Anglican School for Girls has purchased a 7.4 hectare property in Pemberton for its new Yeagarup Campus.

Board Moves November 19, 2019

Cameron Adams, co-founder and chief product officer of Canva, has joined Esports Mogul as non-executive director.

Australia, US partnership for critical minerals

The mining sector has welcomed an agreement signed by Geoscience Australia and the United States Geological Survey to collaborate on developing critical minerals assets, which include commodities such as lithium and rare earths.

ADC completes $18m acquisition

Perth-based property group Australian Development Capital (ADC) has acquired the Belmont headquarters of international rail solutions group Hitachi Rail in an $18 million transaction.

Board Moves November 18, 2019

Neil Goodey has resigned as non-executive director of DTI Group. Mr Goodey co-founded the company and has been a director since 1995.



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.