Business News

Investors have welcomed Valmec's announcement that it expects to record a 64 per cent rise in net earnings for the 2019 fiscal year.

Our daily board moves wrap includes Anthony Mankarios, Mike Johnston, Jonathan Reynolds, Nicholas Anderson, Hansjoerg Plaggemars, Jeremy Kirkwood, Trevor Dixon, Michael Haywood, and Peter Benjamin.

The Agency Group has raised $5.6 million via a placement and rights issue, and struck a deal to convert $5.8 million of debt into equity.

Carnarvon Petroleum plans a $79 million share placement and a $5 million share purchase plan to fund ongoing appraisal activities and initial development phases of its Dorado oil and gas discovery.

A man has been charged after allegedly stealing small pieces of gold from several Western Australian mine sites and selling them for more than $81,000.

David Flanagan will be replaced by former KPMG partner Gary Smith as chancellor of Murdoch University, following the completion of his second term in the role.

Bellevue Gold is seeking to raise $18.5 million via an institutional share placement to fund ongoing exploration at its namesake project, and announced a director sell-down.

Our daily board moves wrap includes Eduard Eshuys, Bruce Parncutt, Steve Morris, Brett Lambert, Simon Grant-Rennick, Juan Wang, Nicholas Ong, and Denis Rakich.

Swick Mining Services has secured extensions with Northern Star Resources and Barrick Gold, as well being selected as a preferred tenderer by Silver Lake Resources.

Blackham Resources has struck a deal to sell its Lake Way tenements to Salt Lake Potash for $10 million in cash.

A Perth building company has been found to be negligent and fined $5,000 by the Building Services Board for winning a contract to renovate a chocolate store in Fremantle, but then failing to carry out or supervise the work.

A series of new contracts and extensions, including an early contractor involvement arrangement with Hazer Group, has brought Primero Group's forecasted FY19 revenue to approximately $150 million.

Ningbo Shanshan, which last month became Altura Mining's largest shareholder, has invested an additional $22.4 million in the lithium miner via a share placement.

A summary of last week's smaller deals that did not get included in our normal coverage of the daily news.

AIC Resources has struck a deal to spend up to $10 million in cash for a majority stake in Rumble Resources' Lamil gold-copper project in the Paterson Province.

Northern Minerals is set to raise $30 million via a private share placement as it seeks to advance its Browns Range rare earths project in the east Kimberley.

This weekly board moves wrap includes Vince Ippolito, Stewart Washer, Matthew Madden, Jason Stirbinskis, Rob McDonald, Evan Cranston, Tolga Kumova, Dror Nagel, Leigh Junk, Maggie Niewidok, Justin Mouchacca, Laurie Marsland, Michael Hardy, Matthew Carr, Cameron Henry, Robert Sckalor, and David McArthur.

Western Australia-based Constable Care Child Safety Foundation has gone global with the launch of its safety education app, Arility, in the UK.

Our weekly appointment wrap includes Joseph Longo, Jason Grace, Danielle Davison and Samantha Reece.

The Fremantle Chamber of Commerce has hit back at an article in The West Australian which cast doubt on Fremantle's economic growth potential.

The pre-feasibility study of Calidus Resources' Warrawoona gold project in the Pilbara has detailed a $95 million capital cost.

Environmental Water Solutions has been awarded a $292,961 federal grant courtesy of the Accelerating Commercialisation fund, the only Western Australia-based company to benefit from the latest roun

Uber Eats has committed to changing its contracts with restaurants following an investigation by the Australian Competition and Consumer Commission.

The Perth Mint has created the largest ever coin to celebrate the official launch of its Physical Gold Exchange Traded Fund on the New York Stock Exchange last night.

A 50-50 joint venture between Georgiou Group and Brady Marine and Civil has been awarded a $74 million wharf construction contract on the east coast.

Bis has had its haulage and site services contracts for Minara Resources at the Murrin Murrin mine in the north-eastern Goldfields extended by four years.

A UK-based specialist engineering firm is aiming to list on the ASX, with CPS Capital Group appointed lead manager for a $5 million pre-IPO raising.

Aurora Minerals has closed its fully underwritten 1-for-1 entitlement offer, raising $1.17 million at 1 cent a share.

David Frances and Mark Lynam have resigned from the board of Tiger Resources, as executive chair and non-executive director respectively.

The state government today announced an additional $11.8 million towards the redevelopment of Bunbury Hospital, in addition to the $11 million already committed to the redevelopment in the state budget.

Densford Civil has been awarded a $5.8 million contract to complete the Jetty Road causeway upgrades at Casuarina Boat Harbour.

The Committee for Economic Development of Australia has announced the appointment of Diane Smith-Gander as its new chairperson, alongside two other board appointments.