Business News

SMS locks in $640m gold contracts

SMS Mining Services has secured contracts at two planned gold projects in Western Australia worth a combined $640 million.

Panel rules against Bullseye funding deal

The Takeovers Panel has declared unacceptable circumstances in relation to a proposed funding deal for unlisted public company Bullseye Mining.

Board Moves October 2, 2018

George Ventouras has resigned as non-executive director of Apollo Consolidated, having served on the board since 2009. He will be involved with the company in an executive consulting capacity.

FYI moves to alumina BFS

Having recently detailed a $US178 million ($248 million) capital cost for its Cadoux Kaolin alumina project, FYI Resources has now commenced a bankable feasibility study for the proposal.

Salt Lake signs MOU offtake

Salt Lake Potash has signed a memorandum of understanding with Chinese fertiliser business Sinofert Holdings for an offtake agreement at the Perth-based company’s Goldfields salt lakes project.

Millennium to hit top-end guidance

Local gold producer Millennium Minerals says it is on course to hit the top end of its guidance for 2018 on the back of a strong second-half performance.

DVG owner expands to east coast

Three years after taking a majority stake in Perth company DVG Automotive Group, Japanese outfit IDOM has made its first move into the east coast car market, purchasing Melbourne-based Andrews & Wallis Motor Group.

Pindan wins $6.4m contract

Belmont-based Pindan has been awarded a $6.4 million state government contract to complete upgrades at Collie Senior High School.

Breaker raises $11m

Breaker Resources has tapped investors for $10.5 million to progress a study at its Lake Roe gold project east of Kalgoorlie.

Poseidon flags board changes

Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.

FMG sells off Atlas stake

Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart’s Hancock Prospecting increased its takeover offer for a second time last week.

Board Moves September 28, 2018

Ian Hobson has been appointed company secretary of White Cliff Minerals.

DigitalX slumps on ICO court claim

Shares in cryptocurrency-focused DigitalX have fallen nearly 12 per cent today after the company revealed it has been served with a $US1.8 million claim in the Federal Court of Australia.

World Series Rugby a step closer

Andrew Forrest’s planned Asia Pacific-focused rugby competition is a step closer to reality, after the World Rugby executive committee recommended approval of the series.

Civmec expands maintenance contracts

Henderson-based Civmec will start a maintenance services contract with iron ore miner Roy Hill Holdings next month, building on work it is undertaking for major players Rio Tinto, Alcoa of Australia and Fortescue Metals Group.

BMD JV wins $47m freeway contract

An engineering alliance comprising BMD Constructions, CIMIC Group's Ventia and Arup has secured a $47 million contract for the ‘smart freeways’ project on the Kwinana Freeway.

Board Moves September 27, 2018

Elaine Darby has advised AusCann Group Holdings of her intention to step down as managing director as the company transitions from a startup, focused on licensing and product development, to a pharmac

Tech Mpire raises $2.4m

Tech Mpire has announced a $2.4 million capital raising to market its TrafficGuard advertising fraud prevention technology.

Tawana secures $40m funding deal

Lithium producer Tawana Resources has secured a $40 million funding package with a consortium led by Tribeca Investment Partners, with its planned merger with joint venture partner Alliance Mineral Assets expected to be completed in November.

Board Moves September 26, 2018

George Lloyd has resigned as non-executive director of Metro Mining due to a potential conflict of interest from his role on the board of a TSX-listed company.

Adanteering wins $2.5m Bunbury contract

West Perth-based Advanteering - Civil Engineers has been awarded a $2.5 million contract as part of the state government’s upgrade of the Jetty Road causeway in Bunbury.

Board Moves September 25, 2018

Zane Lewis has been appointed non-executive director of Tap Oil. He replaces Damon Neaves who has resigned from the board.

Black Rock signs graphite agreement

Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer’s Mahenge project in Tanzania.

Blackham in $23m deal

Gold producer Blackham Resources has announced a $23 million funding deal with New York-based fund manager The Lind Partners to repay lender Orion and finalise an expansion study for the Wiluna project.

Board Moves September 21, 2018

Medibio has appointed Jennifer Solitario as senior vice president of corporate health.

Datacom wins $4.5m GovNext contract

Datacom has secured a $4.5 million contract as part of the state government’s GovNext ICT program.

Rolek plans $5m IPO

West Perth-based Rolek Resources has launched a $5 million initial public offering, with the company planning a backdoor listing via Shaw River Manganese.

DTI signs $19m contract

Perth-based tech company DTI Group has finalised a $19.1 million contract with manufacturing joint venture Alstom Ubunye to supply passenger information systems for nearly 600 trains in South Africa.

Board Moves September 19, 2018

Craig Metz and Karen Thurman will be retiring as non-executive directors of Alexium International Group at the upcoming AGM. Rosheen Garnon has been appointed an independent non-executive director.

Protean in $3m South Korean investment

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

AIC in takeover deal

Joseph El-Raghy-led AIC Resources has agreed to a reverse takeover deal with NSW-based Intrepid Mines.



$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.

most commented

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.