Business News

Rottnest to receive $33m boost

The federal government has pledged $17.2 million in funding for Rottnest Island, while the state government also announced today it would inject $16.2 million into the holiday destination.

SRG wins $18m Super Pit contract

SRG Global has secured an $18 million contract with Kalgoorlie Consolidated Gold Mines, less than a week after it announced it won up to $115 million worth of drill-and-blast services contract extensions with Evolution Mining.

Board Moves April 8, 2019

Our daily board moves wrap includes Josh Puckridge, RV Venkatesh, Peter Hatfull, Brendon Morton, Simon Robertson, Anthony Hickey, Boyd Timler, Len Troncone, John Zee, and Darren Smith.

Kalium’s Beyondie gets green light from EPA

Kalium Lakes’ proposed $284 million Beyondie sulphate of potash project has been recommended for approval by the Environmental Protection Authority.

Intermodal and Qube enter partnership

Intermodal Group has announced a strategic partnership with QUBE Holdings in Western Australia, as the North Quay Rail Terminal (NQRT) goes up for tender.

Not all is gold for Swick as it wins $210m of work

Swick Mining Services has announced $210 million of new work, but failed to extend three contracts at Australian gold mines.

Board Moves April 5, 2019

Simon Coxhell has been appointed non-executive director of Blaze International.

Eneco Refresh taps into the NT with $3.8m buy

Malaga-based Eneco Refresh, formerly Refresh Group, has used its stronger balance sheet to expand into the Northern Territory with the purchase of a bottled water factory in Darwin.

Seafarms to raise up to $24m

Farmed prawns producer Seafarms Group has raised $20 million via a share placement, and will conduct a share purchase plan to raise up to $4 million along with a $3 million debt-to-equity conversion.

Adaman buys Burbanks for $5.8m

ASX-listed Maximus Resources has reached a sale agreement for its Burbanks gold processing plant in the Coolgardie region to privately owned, Perth-based Adaman Resources.

SRG secures up to $115m of work with Evolution

Subiaco-based SRG Global has won a drill-and-blast services contract extension with Evolution Mining at several of its gold mines in Australia.

Board Moves April 4, 2019

Our daily board moves wrap includes Kim Hogg, Tino Kapfumo, Michael van Uffelen, Simon Hay, Anthony Tse, Ray Voorhoeve, Mandy McGuire, and Geoffrey Clifford.

Appointments April 5 2019

Our weekly appointments wrap includes Peter Klinken, Rob Slocombe, Fiona Wood, Angus Turner, Shane Murphy, Corey Steel, Steve Cohen, Stewart Kattowitz, Reem Al-Bahadiri, Gina Nofal and Blair Campbell.

MRC acquires Skaland for $12.9m

Mineral Commodities (MRC) has acquired Norwegian company Skaland Graphite, which the Welshpool-based miner said was the owner of the world’s highest grade flake graphite operation.

Board Moves April 3, 2019

Our daily board moves wrap includes Stephen Roberts, Hugh Hangchi, Matthew Rumpus, Shelley Robertson, Jo-Ann Long, Bennett Greenhalgh, Iain Smith, Xavier Kris, and Ian Widdicombe.

Fraud conviction for former WA company director

The Perth District Court has found former C&G Group Industries director, Christopher Edward Eric Skelly, guilty of a fraud charge brought by the Australian Securities and Investments Commission.

Board Moves April 2, 2019

Jameson Resources has appointed Michael Allen as project manager of its Crown Mountain Project.

$280,000 penalty for worker death at Telfer

Dyno Nobel has been fined $250,000 and ordered to pay costs of $30,000 in the Perth Magistrates Court, following the death of one of its employees at the Telfer gold mine in May 2015.

Cyclone Veronica to cut BHP output

BHP Group said today it expected its Pilbara iron ore production to be reduced by between 6 million tonnes and 8mt this year because of the impact of flooding on its rail network and Port Hedland operations..

Board Moves April 1, 2019

Andrew Penkethman has been appointed chief executive of Ardea Resources. Mr  Penkethman is a resources sector executive and geologist with over 25 years of experience in the resources industry.

State government invests $34.7m in digital transformation

The state government has announced it will spend $34.7 million over four years on the Office of Digital Government to transform digital processes in the Western Australian public sector.

Louis Vuitton to move to Raine Square

Louis Vuitton will leave its upmarket King Street location and move into the Raine Square redevelopment in the CBD after signing a new long-term lease with Charter Hall.

FMG awards $35m in works for three contractors

Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.

Wellard sells assets for $17.5m

Wellard has sold its Wongan Hills feed mill, and Baldivis Pre-Export Quarantine lease in Western Australia, as well as its Condah Pre-Export Quarantine facility in Victoria, to Ausvision Rural Services.

Rio declares force majeure, lowers guidance

Rio Tinto has revealed its full-year Pilbara iron ore shipments are expected to be at the lower end of its 338 million to 350 million tonnes guidance, after Tropical Cyclone Veronica damaged its Cape Lambert port.

Board Moves March 29, 2019

Rosheen Garnon will succeed Susan Thomas as non-executive chair of Alexium International Group. Ms  Thomas will be retiring from the role, and Ms  Garnon was appointed to the board in September 2018.

Rinehart tops the WA rich listers

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

Otto to raise $31m

North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.

Yagan Square wins national honours

Perth’s Yagan Square, developed by the Metropolitan Redevelopment Authority, won two awards at last night’s UDIA National Awards.

Sime wins $8.4m contract

Sime Building and Construction has won an $8.36 million contract to construct an indoor sports and recreation centre.

Appointments March 29, 2019

Our weekly appointments wrap includes Christine Allen, David Lock, Steve Cuzens, Jared Dimbley, Zoe Tsagalis, Eu-Min Teng, Marianne Rose, Angela Beechey and Anwen Pattinson.



$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 tax agent deregistered

The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant’s ties to a shell company in the British Virgin Islands.

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.

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.