Business News

Marindi sells Pilbara gold asset

Marindi Metals has agreed to sell its Bellary Dome conglomerate gold project in the Pilbara to Canada-listed Pacton Gold in a cash-and-scrip deal worth up to $11 million.

Board Moves June 20, 2018

Bruce Grey has resigned as chair of Advanced Braking Technology after serving on its board for 6 years. Recently appointed non-executive director Dagmar Parsons will become chair.

Local tech firms raise $13m

Two local biotech companies have announced capital raisings today, with Botanix Pharmaceuticals tapping investors for $8 million, while Roto-Gro International has boosted its coffers with a $4.5 million raising.

Capricorn drops capital cost to $132m

Capricorn Metals has flagged a reduction in the capital cost of its planned Karlawinda gold project near Newman to $132 million following an optimisation study.

Murphy to step down from Water Corp

Water Corporation chief executive Sue Murphy has announced she will stand down at the end of the year after a decade at the helm.

Board Moves June 19, 2018

Wayne Bramwell has been appointed to the newly created role of chief executive at Artemis Resources and will be responsible for bringing its Radio Hill Operations back into production.

New operator for Perth tourism hub

Queensland-based The Tourism Group is set to become the new operator of the Western Australian Visitor Centre in the Perth CBD after winning a state government contract.

Carat, Initiative share $300m contract

Media buying agency Carat has retained its contract with the Western Australian government, sharing the roster with Initiative, which has also been contracted for non-campaign work.

Contracts awarded for Barossa gas project

ConocoPhillips has set up a design competition between two engineering groups led by Technip Oceania and MODEC for the key facilities at its Barossa gas project in the Timor Sea while WorleyParsons subsidiary Intecsea has been awarded a separate contract for subsea infrastructure.

BMD wins second major freeway contract

BMD Constructions has won its second major road contract in the past month after securing a $48.4 million contract to widen a section of the Kwinana Freeway.

Monadelphous JV wins $70m wind farm contract

Monadelphous' joint venture business, Zenviron, is part of a consortium that has been contracted to deliver a wind farm in regional Victoria, with Zenviron expected to perform $70 million of work on the project.

Insolvency appointments June 6 to 18 2018

FirmAppointee/SolicitorRoleCompany NamePublished DateAstrum ConsultantsRobert BoniliquidatorSylvern Pastoral Co Pty Ltd18/06/2018SV PartnersMalcolm FieldliquidatorZeebay Investments Pty Ltd18/06/

Dreamscape makes $8m acquisition

ASX-listed tech company Dreamscape Networks has made its fourth acquisition in the past 16 months, purchasing a domain registration business for $8.5 million.

Board Moves June 18, 2018

Grant Quasha has resigned as managing director and chief executive of Paringa Resources.

Empire has Supreme Court win

Empire Resources has had a win in the Supreme Court of Western Australia, after an injunction order sought by the company’s joint venture partner, Brimstone, relating to an overdue payment was dismissed today.

BMD wins $49m freeway contract

BMD Constructions has been awarded a $49.4 million state government contract to widen a section of the Mitchell Freeway, beating CPB Contractors and WBHO Infrastructure for the work.

Ausdrill announces Sayers' replacement

Former CIMIC group executive Mark Norwell is set to take the helm at mining services company Ausdrill, replacing founder and chief executive Ron Sayers after 30 years in charge.

Rinehart lobs $390m offer for Atlas Iron

Gina Rinehart-led Hancock Prospecting has proposed a $390 million takeover offer for Atlas Iron, less than a week after purchasing a 19.9 per cent stake in the junior miner.

People Moves June 18, 2018

Hames Sharley has appointed Stephen Moorcroft as a principal in its Western Australian workplace team. Mr  Moorcroft joins the firm after four years with Hassell, where he was a senior associate.

Board Moves June 15, 2018

Eduardo Valenzuela has resigned as technical director of Mexican zinc explorer, Consolidated Zinc, due to an increase in personal and work commitments and an upcoming relocation.

SGIO parts way with Eagles

The West Coast Eagles and SGIO have decided to terminate their 31-year partnership, after announcing today that the insurer would be ending its major sponsorship at the end of the season.

Final LNG train in action at Wheatsone

Chevron has today announced that the second processing train at its Wheatstone project in the Pilbara has started production of liquefied natural gas, meaning all five trains at its two giant Western Australian projects are now in production.

Decmil extends NZ contract, flags cost pressures

Decmil Group has announced a $NZ125 million ($116 million) contract extension in New Zealand, while also flagging a number of cost pressures expected to impact earnings.

Construction tenders June 15 2018

TendererProjectCloseSubmissionsADCO ConstructionsTreeby - Calleya Aspire clubhouse design and constructJun ConstructionsKwinana - bulk terminal design and const

Maca secures $30m road contract

Welshpool-based MACA has been awarded a $30.2 million state government contract for roadworks in the Pilbara region.

Board Moves June 14, 2018

Danakali has announced some changes to its management structure.

Incitec wins FMG contract

Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.

Roy Hill connects to Pilbara power

Iron ore miner Roy Hill has connected its Port Hedland operations to Horizon Power’s North West Interconnected System following the installation of extensive underground facilities, which began in 2016.

ASX 200 female board participation rises

New data out today shows female participation on ASX 200 boards has increased to 27.7 per cent in May, however five companies, including Perth-based Ausdrill, still have no female directors.

Board Moves June 13, 2018

Following OZ Minerals’ 50.1% ownership of Avanco Resources, it has appointed Andrew Cole as non-executive chair, and Mark Irwin & Warrick Ranson as non-executive directors of Avanco.

WAIRC delivers 2.5% min wage rise

The Chamber of Commerce and Industry of WA said today it was disappointed the Western Australian Industrial Relations Commission had agreed to lift the state’s minimum wage by 2.5 per cent.



$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 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.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

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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.

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.

Site found for WA's first open-range zoo

The state government has locked in a location for Western Australia’s first open-range zoo, which is expected to cost up to $100 million to develop.