Colin Jacoby

Carr ups stake in Carrick Gold

Founder and non-executive chairman of Carrick Gold Ltd Frank Carr has increased his direct interest in the company, snapping up 7.65 million shares for over $1.5 million through the exercise of options.

WildHorse sets production forecasts

West Perth-based uranium minnow WildHorse Energy Ltd has stated its intentions to be a future uranium producer, with the company looking to have its flagship projects in the United States online at the end of the decade.

Prime pursues German plant

South Perth-based Prime Solar Pty Ltd is in the process of setting up a polysilicon manufacturing facility at Thalheim, Germany’s ‘solar valley’, to produce 7,000 metric tons of polysilicon a year.

Storm no setback for Esperance port

The storm that hit Esperance earlier this month has done little to halt trade from Esperance Port, which has recently set export records.

WebSpy set to expand Middle East client base

West Perth-based developer of internet monitoring and management software WebSpy Ltd is set to expand its client-base after signing an agreement with the Middle East region's leading IT security solutions provider ComGuard.

R&D grants provide energy boost

A host of Western Australian companies received almost $32 million in federal government AusIndustry Commercial Ready grants last year, representing around 19 per cent of total approvals nationwide.

QRSciences secures UAE sale

It has been a productive start to 2007 for Cannington-based security technology group QRSciences Ltd, which has announced the sale of its advanced technology systems to two overseas governments.

Exporters look long term

The markets may keep a close watch on exchange rate fluctuations, and make investment decisions accordingly, but recent research shows most Australian exporters do not let exchange rate fluctuations affect their business plans.

Wind, biofuels lead energy charge

Concerns over the depletion of fossil fuels, climate change and air pollution have led to a heightened interest in renewable energy projects in Western Australia.

State retains science commitment

With the realisation that Western Australia’s current resources boom will eventually come to an end, the state government has placed considerable emphasis on developing WA as a hub for innovation and industrial development.

Live Technologies raises $750k

Winning Western Australian Inventor of the Year appears to be paying dividends for Live Technologies Ltd.

Strategy shift needed to drive development

Despite the high wealth levels currently being generated across a range of industries in Western Australia, many technology start-up firms are shutting up shop and looking elsewhere to secure funding.

Caution urged amid record IPO high

Float activity in Western Australia may have hit all-time highs last year, but analysts remain wary that quantity doesn’t always mean quality.

Non-resource IPOs find the going tough

While it has been a rosy year for those uranium and iron ore explorers that dominated the top spots for floats in 2006, the same could not be said for some of our smaller, non-resource IPOs, which ended the year at the other end of the spectrum.

Seasonal cheer for directors

Several Western Australian-based company directors significantly increased their company share holdings in the lead-up to Christmas last year, highlighting the wealth generated by the current boom.

Strong dollar hurting state's exporters

The high Australian dollar is having a detrimental impact on export sectors in Western Australia, even though export earnings are expected to keep the state’s economy’s growing in 2007.

Falling share of exploration spend only negative for resources sector

Western Australia’s resources sector continued to grow during 2006, with record production and export figures. A declining share of national exploration spending, however, remains a key issue.

WA takes a lead role on innovation

There has been a considerable amount of activity in the state’s innovation sector during the past 12 months, with more WA companies investing in innovation than anywhere else in Australia, in per capita terms.

Deloitte targets local growth

Perth’s corporate financial services practices are growing their market presence amid heightened demand resulting from the state’s booming economy.

Hutton sells interest in Kimberley Diamond

West Perth-based Kimberley Diamond Company NL founder Graeme Hutton has reduced his indirect interest in the company by 550,000 shares for a consideration of $461,003.

National wheat pool dispute

Farmers in Western Australia continue to warehouse their grain to avoid AWB’s national pool, despite claims by some in the industry that such a practice is detrimental to the future of a single-desk marketing system.

Regulator's approval a win for Eastland

West Perth company Eastland Medical Systems Ltd has obtained European regulatory approval for its ClipOn hypodermic needle, clearing the way for commercial sales in European markets.

Indicators confirm a bumper year in the minerals industry

It's a great time to be in the minerals industry with net profits up 74 per cent and average mineral prices up 45 per cent from 2004-05, according to the Minerals Council of Australia 2006 Minerals Industry Survey.

$US43m debt deal for Lumwana Project

The federal government’s export credit agency, Export Finance and Insurance Corporation, has provided West Perth-based Equinox Minerals Ltd subsidiary, the Lumwana Project, located in Zambia, with debt financing of $US43 million.

Arafura closes IPO, buys $3m pearl farm

In a bid to bolster its position as one of Australia’s leading South Sea pearlers, Subiaco-based Arafura Pearls Holdings Ltd has made a $3 million acquisition of a pearl farm close to its existing Northern Territory operations after closing its $4 million

$4.5m raising for barra project

West Perth-based Marine Produce Australia Ltd is set to fast track its barramundi farming expansion strategy following the aquaculture company’s raising of $4.5 million.

Woodchip exports pass 2mt

Western Australia’s woodchip exports continue to grow, with figures revealing an increase of more than 20 per cent in the volume of exports for 2005-06, despite a fall nationally.

Vmoto to accelerate expanison with Chinese acquisition

In a bid to accelerate the international expansion of its subsidiary Vmoto, Subiaco-based Optima Corporation Ltd is positioning itself to acquire a major player in the international scooter industry which sources product out of China.

Initial public offers hit record high

A boom in December in initial public offers of shares, particularly among uranium explorers, is expected to lift the number of floats in calendar 2006 to a new record, says financial services provider Deloitte.

Horwath, BDO jump on merger bandwagon

Recent murmurs of rationalisation amongst mid-tier accounting firms in Western Australia became a reality last week with the merger of the Perth offices of Horwath and BDO.

Interests change at ASG

The CEO and the chairman of IT service provider ASG Group Ltd, Geoffrey Lewis and Stanley Lewis, have reduced their interests in the company.