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Finbar upgrades profit expectations

Apartment developer Finbar Group has upgraded its profit forecast for the 2012 financial year by nearly $4 million, on the back of strong performances at its 18 on Plain and Fairlanes developments.

Service Stream wins $100m NBN deal

Industrial services firm Service Stream has won a contract to roll out optic fibre for NBN Co at new estates in Western Australia, South Australia, New South Wales and the Northern Territory.

Feral opens Bassendean brewhouse

Feral Brewery has opened a new brewhouse in Bassendean which will allow it to increase its yearly brewing capacity to 2.5 million litres, grow its range of handcrafted beers and increase its foothold

Expro wins $20m NW Shelf deal

Oilfield services contractor Expro has won a $20 million well services deal with a major operator at the North West Shelf, off the coast of Western Australia.

Scaffidi shortlisted for international honour

City of Perth Lord Mayor Lisa Scaffidi has been shortlisted for the 2012 World Mayor Prize.

Brierty wins $39m in work from FMG

Mining contractor Brierty has announced a $39 million contract win at Fortescue Metals Group’s Cloudbreak iron ore mine in the Pilbara.

Integra production hit by mechanical problems

Integra Mining says production will take a hit at its Randalls gold operation near Kalgoorlie, after mechanical issues required the plant to be shut down for four days.

LogiCamms awarded $8.5m coal deal

Perth-based engineering and mining services provider LogiCamms has won an $8.5 million deal to upgrade control systems for the coal handling preparation plant at Stanwell Corporation’s Meandu mine in

Navigator fined $33K by ASIC

Navigator Resources has paid a $33,000 fine issued by Australia’s corporate watchdog, after ASIC alleged the struggling gold miner made misleading statements relating to a capital raising last year.

GHD reappointed as Main Roads partner

Main Roads WA has reappointed GHD as its engineering and technical services partner until 2015. The contract win marks the third consecutive occasion GHD has won the ETS from Main Roads.

Delays force Resource Equipment to lower expectations

Resource Equipment has lowered its profit guidance for this financial year, placing the blame on unexpected delays in major companies’ decision making.

Waterfront project named Elizabeth Quay

Perth's Waterfront development has been named Elizabeth Quay in honour of Queen Elizabeth II.

BPH Energy wins drug patent

North Perth-based BPH Energy, which has links to several Western Australian medical research organisations, has announced its drug discovery spin-out Molecular Discovery Systems has been granted a pat

International Petroleum to raise $US35m

Tony Sage-chaired International Petroleum has reported strong interest in its recent share placement, saying it has received firm commitments to raise $US35 million, $US10 million more than initially

Perth-based director convicted of stealing

Former Perth company director Peter Hickey has been convicted of three counts of stealing more than $200,000, after using investors’ money to pay off personal debts, including his wife’s credit card.

Allmine wins $10m Downer EDI contract

Allmine Group’s maintenance division has won a $10 million per annum labour supply contract by Downer EDI Mining.

Phylogia licences technology to Janssen Biotech

Australian peptide drug discovery company Phylogica  has announced a collaboration and option agreement with pharmaceutical giant  Johnson & Johnson subsidiary Janssen Biotech Inc, to discover new

Minetec bought out for up to $10m

South-Australian technology company Codan has agreed to acquire all shares in Perth-based resource communication technology company Minetec for $6 million, with up to $4 million in additional payments

iiNet buys Internode for $105m

iiNet has entered into an agreement to acquire Internode, Australia’s largest privately owned broadband services company, for $105 million.

Point Fraser development gets go-ahead

The Swan River Trust has granted final approval for the $18 million tourism and hospitality development on the Swan River at Point Fraser.

Black Range appoints new managing director

West-Perth based Black Range Minerals has appointed former-Peninsula Energy CEO Tony Simpson as its managing director.

Leighton subsidiaries win $300m in Wheatstone contracts

Leighton Holdings’ subsidiaries Thiess and John Holland Group have been awarded $300 million in contracts for the Chevron-operated Wheatstone gas project near Onslow.

Forge wins $90m Australia Pacific LNG contract

Forge Group’s wholly-owned subsidiary Cimeco has entered into a $90 million agreement with Chicago Bridge and Iron to provide civil and concrete services for the early stages of the Australian Pacific

Ausdrill to deliver $50m profit

Ausdrill Limited is on track to deliver a $48-$50 million half-year profit after tax, an increase of between 32 and 37 per cent on the previous corresponding period.

Quest raises $1.5m

Quest Minerals has completed a $1.5 million capital raising, with Singaporean investor Maxillion taking a 19.9 per cent interest in the company.

Shire council withdraws Dargues Reef challenge

The Euorbodalla Shire Council has withdrawn its appeal against approval of Cortona Resources’ Dargues Reef gold mine in south-coastal New South Wales.

Strategic wins Sydney Harbour upgrade contract

Strategic Marine has won a contract to build five pontoons and associated structures for the Sydney Harbour Wharf Upgrade Program.

WA appoints first small business commissioner

David Eaton has been appointed Western Australia’s first Small Business Commissioner to provide a low-cost alternative dispute resolution service.

Legacy acquires 60% interest in Hawthorn

Legacy Iron Ore will acquire a 60 per cent share in Hawthorn Resources for $5 million in a deal which will terminate the Mt Bevan iron ore project joint venture between the two companies.

Matrix wins $35m-$50m per annum five-year agreement

WA-based company Matrix Composites and Engineering has won an agreement with a European oil services company to supply riser buoyancy models for three years, with two one year options following.

Indo Mines receives $13m Indonesian investment

Perth-based Indo Mines has entered into an agreement with Indonesian investment company the Rajawali group which includes a $13.2 million share placement.

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Most-read

Unregistered builder to pay $42,500 for illegal work

Richard Jonathon Sheridan, the director of One Emperor Pty Ltd (deregistered – ASIC) trading as WOW Makeovers, has been successfully prosecuted by the Building Commissioner for registration and contractual offences he committed in relation to a $250,000 renovation of a Scarborough house between May and November 2011.

Hall & Prior proceeds with $67m development

Hall & Prior Health and Aged Care Group has today announced plans to proceed with a $67 million aged care facility in High Wycombe, due for completion in the second half of 2019.

WA venues top national awards

Two Western Australian businesses and a WA venue manager have won major titles at the Australian Hotels Association national awards for excellence, announced at the Royal Pines Resort on the Gold Coast last night. 

Alan Tough dies at 77

Local businessman Alan Tough has passed away at the age of 77.

most commented

Broadband network waste of money: iiNet

iiNet managing director Michael Malone has warned a Senate Committee that the federal government's national broadband network is doomed to be a huge monumental failure and a waste of $5 billion of taxpayers money.

Moore River project gets approval

The state government has given conditional approval for the Plunkett family's proposed residential development at Moore River, north of Perth, but has substantially scaled down the size of the project.

WA School of Mines under threat

The globally-respected Western Australian School of Mines campus in Kalgoorlie will inevitably be closed unless far reaching changes are made, some of the school's most prominent graduates have warned.

Port Bouvard lodges Gidgegannup plan

Port Bouvard has lodged its master plan for the Gidgegannup townsite with the City of Swan and the Western Australian Planning Commission following 18 months of planning and environmental investigations.