Business News

Pantoro to raise $15m

Gold producer Pantoro has announced a capital raising for up to $15 million as the company aims to expand production at its Halls Creek operation to 80,000 ounces in 2019.

Coolgardie signs $10m sales deal

Newly-listed Coolgardie Minerals has signed an ore sale agreement with Northern Star Resources for production from its Geko gold mine, which is set to come online next month.

Board Moves September 5, 2018

Pancontinental Oil & Gas has appointed company secretary and accountant, Vesna Petrovic, to its board as executive director.

Board Moves September 4, 2018

Gary Lethridge has resigned as finance director of Echo Resources.

K2fly locks in $1.1m contracts

Local tech company K2fly has been awarded a series of consultancy contracts with existing clients Western Power and Arc Infrastructure worth about $1.1 million.

Goldfields raises $20m

Goldfields Money has tapped investors for $20 million, with its planned merger with mortgage aggregator Finsure nearing completion.

POZ to bid for Ellendale diamond mine

POZ Minerals, which operates the Blina diamond project in the Kimberley, has announced it will bid in the state government’s tender to reopen the neighbouring Ellendale mine.

Decmil secures $86m contract

Decmil Group has secured an $86 million contract to design and build a bypass road in Victoria.

Board Moves September 3, 2018

Jim McDowell has resigned as non-executive director of Austal. Mr  McDowell has accepted an appointment to become chief executive of the Premier and Cabinet in South Australia.

Schrole signs five-year supply agreement

Education technology company Schrole Group has signed a sales agreement with US-based not for profit International School Service (ISS) for the next five years.

GWR sells Tungsten project in $8.7m deal

GWR Group has struck a deal to sell its Hatches Creek tungsten project in the Northern Territory to West Perth-based Tungsten Mining for $8.7 million cash.

Hepburn-Brown passes away

Perth-based company director Peter Hepburn-Brown, who was on the board of three listed mining companies, has passed away following a period of ill-health.

Eastern Goldfields suspends operations

Struggling gold producer Eastern Goldfields has suspended all mining operations, with the company confirming that nearly 40 employees have been made redundant.

Beacon raises $18m

Beacon Minerals has raised $18 million via a debenture issue, with the proceeds expected to bring the company’s Jaurdi gold project into production next year.

Board Moves August 31, 2018

Jin Lan Quan has resigned as non-executive director of Kresta Holdings. Li Ding and current Kresta executive, MingMing Zhang, have been appointed non-executive directors.

Triton raises $4m

Graphite aspirant Triton Minerals has tapped investors for $4 million, led by major shareholder Shandong Tianye Mining, as the company progresses its Ancuabe project in Mozambique.

Primero books $5.2m profit

A boost in resources contracts has driven engineering firm Primero Group to a $5.2 million profit for the 2018 financial year, with the company forecasting a further increase in revenue next year.

Georgiou wins $15m road contract

Georgiou Group has been awarded a $14.5 million state government contract for upgrades to the Great Eastern Highway near Glen Forrest.

Maca wins $700m coal contract

Welshpool-based MACA has secured a $700 million mining services contract at Carabella Resources’ Bluff coal project in Queensland for the next 10 years.

Board Moves August 30, 2018

Christopher Achurch, current chief financial officer of Kalium Lakes, will also take on the role of joint company secretary.

Building approvals slow in July

WA dwelling approvals are 9 per cent lower than 12 months ago, although they have improved moderately in the past three months.

ClearVue signs Murdoch MOU

Specialist glass company ClearVue Technologies has signed an agreement with Murdoch University to build a $1.6 million greenhouse at its campus.

Sandfire jumps on profit boost

Shares in Karl Simich-led Sandfire Resources have jumped more than 8 per cent today after the company reported a record $123 million profit.

Cimic JV wins $230m Main Roads contract

A joint venture between CIMIC Group's Ventia and international outfit Tyco has been awarded a $230 million Main Roads contract for electrical infrastructure maintenance across the state for up to seven years.

Board Moves August 29, 2018

Bevan Tarratt has been appointed an independent non-executive chair of Emergent Resources.

GR secures $24m contract

GR Engineering Services has been awarded a $23.9 million contract to build a backfill plant at the Fosterville gold mine in Victoria.

Fotios resigns from Eastern Goldfields

Eastern Goldfields' executive chairman and largest shareholder Michael Fotios has resigned from the embattled gold miner, while US investor Hawke’s Point Holdings looks set to increase its stake in the company after agreeing to buy some of its debt and support a planned recapitalisation.

Gold explorers raise $10m in IPOs

Neil Warburton-led Coolgardie Minerals is set to list on the ASX tomorrow, while shares in Black Dragon Gold began trading today following a $6 million initial public offering.

Tech Scene- Bankwest messaging service

Bankwest has launched an in-app messaging service that allows its customers to have their questions and queries answered securely, quickly and easily.

Board Moves August 28, 2018

Dr BieLin Shi has been appointed non-executive director of AustSino Resources Group.

Pacton in $5.8m Pilbara gold purchases

Canada-based Pacton Gold has announced the acquisition of two gold projects in the Pilbara worth about $5.8 million in the past week.



$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.