Business News

Monadelphous expands to South America

Engineering company Monadelphous has entered the Chilean market with the acquisition of two jointly-owned mining services providers, Buildtek and Maqrent.

Pawsey tenders for $70m project

Pawsey Supercomputing Centre has announced a tender as part of a $70 million new supercomputing system to replace its existing Magnus and Galaxy supercomputers.

Insolvency appointments October 30 to November 12 2019

There have been 32 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Board Moves November 13, 2019

Dr John Clarke will join the board of AVZ Minerals as non-executive chair at the start of December.

Yolk, Ventura picked for housing project

A new land and house development is set to revitalise the former Kinlock Primary School site in Ferndale, with Yolk Property Group and Ventura Home Group appointed as project managers.

Breaker to raise $8m

Junior gold explorer Breaker Resources has agreed to a non-brokered $8 million placement to a private equity fund managed by New York-based Electrum Group, with the proceeds to fund drilling activities at Breaker’s Lake Roe mine in Western Australia.

Board Moves November 12, 2019

Comet Resources has appointed Matthew O'Kane as managing director, and Philippa Leggat will step down as chief executive.

Pantoro puts $25m price tag on plant refurbishment

Gold producer Pantoro announced it has completed a processing plant options review and scoping estimate at the Norseman processing facility in Western Australia.

Spectrum defends VMC’s claim

Spectrum Metals announced it has filed and served its defence to a claim from Venus Metals Corporation in relation to Spectrum’s acquisition of DJ Carmichael’s Penny West gold project in Western Australia.

Panoramic criticises IGO offer

Panoramic Resources has advised shareholders not to take action in respect of the off-market takeover offer launched last week by Independence Group, while also criticising some of the conditions attached to the offer.

Board Moves November 11, 2019

Our daily board moves wrap includes Sandra Bates, John Richards, Victor Turco, Yuri Nehushtan, Elizabeth Brennan, Hans Schut, Christian Brehm, Wing Kee Cheng, Hao Wen, and Bill Lee.

Regional operators win big at tourism awards

Busselton Jetty and Sandalford Wines made big showings at the 47th WA Tourism Awards, picking up several gold awards and distinctions between them.

Police investigate mine site death

updated: Pilbara Minerals temporarily suspended its operations today after Homicide Squad detectives were called to investigate a suspicious death at its Pilbara lithium mine.

AGIG awarded Woodside pipeline project

Australian Gas Infrastructure Group has been awarded a contract by Woodside Petroleum to build a gas pipeline connecting the Pluto LNG plant with the North West Shelf venture's nearby Karratha gas plant.

AVZ to raise $14m

Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China.

Board Moves November 8, 2019

Jeremy Sinclair, managing director of Battery Minerals, will transition to the role of non-executive director on November 22.

Vacancies fall in rental market, rent rise could follow

The latest data from Perth’s rental market suggests landlords could potentially look forward to rising rents in coming months, with vacancies continuing to decline while leasing activity ramps up across the city.

Fogarty named WA Australian of the Year

Perth philanthropist Annie Fogarty has been announced this year’s WA Australian of the Year for her work in education advocacy.

Minderoo signs lease with Exmouth for new research hub

The Minderoo Foundation will begin development of a new research centre near the Ningaloo Reef following the signing of a lease agreement with the Shire of Exmouth.

Appointments November 8, 2019

Our weekly appointments wrap includes Ian Campbell, Steven Finney, Simon Morten, Margrete Chaney, Jayson Miragliotta, David Michael, John Phillimore, Graham Sansom, Anne Wood, Henry Zelones, Duncan Ord, Felicity Horn, Adam Radford, James Clement, Aman Sandhu and Jane Betts.

Konekt supports increased APM offer

West Perth-based APM has been forced to lift the value of its takeover offer for Konekt by 30 per cent after a competing bidder lodged a proposal for the ASX-listed health solutions provider.

ASIC bans WA finance broker

The Australian Securities and Investment Commission announced today it has banned Element Finance Group director Tim Zheng from engaging in credit activities for at least three years.

Board Moves November 5, 2019

Dr Jon Hronsky OAM and Peter Stuntz have been appointed non-executive directors of Azumah Resources.

Perth building surveyors fined $35,000

Building surveying company Resolve Group and its two directors have been fined a total $35,000 for negligence after signing off on three buildings that failed to meet fire safety requirements.

GR Engineering wins $24.5m contract

GR Engineering Services has signed a $24.5 million contract with Saracen Mineral Holdings to upgrade the processing plant at the Carosue Dam gold mine in Western Australia.

Pointerra to raise $2.5m

Subiaco-based Pointerra has announced commitments to raise $2.5 million through a share placement, primarily to fund the recruitment of further employees and technical resources.

Board Moves November 4, 2019

Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.

Fenix releases positive feasibility study

Fenix Resources expects its high-grade Iron Ridge project in Western Australia to deliver strong returns, helped by its low development cost.

Macmahon, Newcrest reach Telfer agreement

Macmahon Holdings and Newcrest Mining have signed an agreement to increase the rates for Macmahon’s work at the Telfer gold project.

Board Moves November 1, 2019

Our daily board moves wrap includes Chris Burton, Robert Ang, Ian Ricciardi, Mark Stowell, David Lenigas, Stephen Forman, William Rouse, Matthew Foy, and Dan Smith.

Insolvency appointments October 16 to October 29 2019

There have been 33 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.



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.