Fraser Beattie

Fraser Beattie joined Business News in May 2014 and covers all of the latest mergers and acquisitions, contracts and deals, state politics and resources news online. Fraser graduated from Edith Cowan University in 2012 with a bachelor of communications degree, and majored in Journalism and broadcasting. He had a stint at a local radio station in Park City, Utah, in 2013, where he covered the latest trends in music in the US.

Goyder to chair Woodside

Outgoing Wesfarmers boss Richard Goyder has been revealed as successor to Michael Chaney as chairman of energy giant Woodside Petroleum, a week after we was named the next chairman of the AFL.

Wesfarmers considers Officeworks IPO

Wesfarmers is considering a spin-out of its profitable Officeworks business, which contributed to strong earnings growth for the Perth-based conglomerate in the first half alongside Bunnings and Kmart.

Wesfarmers' diversity keeps it prosperous: Scott

Incoming Wesfarmers managing director Rob Scott, who will formally take his new job late this year, says the business will continue to thrive on the back of its diversity across markets.

NRW lined up for lithium work

NRW Holdings is set to receive a $110 million contract if Altura Mining moves ahead with plans to develop its Pilgangoora lithium project.

Westgold touts $80m project sale

Metals X spin-off Westgold Resources has entered into a toll processing agreement with Canadian company RNC Minerals that comes with an option to sell its South Kalgoorlie operations for $80 million in cash and shares.

Labor pledges funds for RPH, Liberal pledges for Tafes

WA Labor says it will spend $45.5 million to bring new services to Royal Perth Hospital if it wins the March state election, while the Liberals say they will use about $83 million from the partial sale of Western Power to build three new Tafe facilities.

Bunnings to close Morley, Mandurah outlets

At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.

Scancam taps investors for $1.2m

North Perth-based tech company Scancam has raised $1.2 million from investors as it seeks to expand sales of its anti-fuel theft technology into new markets.

Rough start for new car sales

New car sales in Western Australia have started the year on a sour note, with sales down more than 10 per cent in the first month of 2017.

AngloGold takes stake in Orinoco

AngloGold Ashanti has made a $6 million investment in Perth-based Orinoco Gold and plans to spend $US9.5 million ($A12.4 million) to farm-in on the company's gold tenements in Brazil.

Lithium Australia bids $24m for Lepidico

Perth-based explorer Lithium Australia has lodged a takeover bid for rival lithium-focused Lepidico - in the middle of a Supreme Court battle between the two companies - in an all-scrip deal that values the target at $23.8 million.

Tigerair permanently ends all Aust-Bali flights

Tigerair Australia has permanently and immediately ended all flights between Australia and Bali, after failing to receive approvals from the Indonesian government.

AVZ raises $5m for lithium JV

Shares in junior explorer AVZ Minerals have skyrocketed on news the Perth company has struck an agreement to acquire a majority stake in a lithium mine in Africa, and has raised $5 million to fund the deal.

McGowan pledges first-term budget surplus

WA Labor leader Mark McGowan today guaranteed that, if elected in the March state poll, he would return the budget to surplus within his first term as premier.

Local demerger plans move forward

Minerals explorer TNG has finally lodged a prospectus for the demerger of its base metals portfolio into a spin-out company, while Heron Resources and Force Commodities have both progressed their respective demergers.

Perth housing market shows signs of life

The worst could soon be over for Perth's troubled housing market, with new data hinting at a bottoming of the downturn while warning that any recovery will likely be slow.

Historic Dingo Flour mill gets new owner

The iconic Dingo Flour mill in North Fremantle is coming under new ownership after Graincorp and Cargill Australia agreed to sell their Allied Mills Australia joint venture to private equity group Pacific Equity Partners.

Navitas grows profit, outlook steady

Navitas chief executive Rod Jones says he has been impressed by the company's ability to retain earnings despite the closure of two university joint ventures in Australia, with the education provider growing net profit and maintaining guidance for the 2017 financial year.

Local builders share in $38m of govt work

The state government has awarded an $11.5 million contract to Universal Constructions for development of the replacement Doubleview Primary School, while other local builders have shared in $26.7 million worth of work.

Cimic wins $175m Northlink contract

A subsidiary of Spanish-controlled CIMIC Group will build the final stage of the $1.12 billion Northlink WA roads project, with the state government awarding the last unassigned portion of work today.

Bidders shortlisted for sale of last lot at Elizabeth Quay

The state government says it expects to reap about $300 million from the sale of all nine lots at Elizabeth Quay, with three offers being considered for the last vacant site.

John Holland puts lead blame back in govt's court

The head contractor building the new Perth Children's Hospital dropped a bombshell this morning, with the project's manager saying the company is not responsible for the lead-contaminated water, and that water being delivered to the site already contains the harmful  metal.

Bumper quarter for local gold miners

Gold miners operating in Western Australia performed solidly in the three months to December, with Northern Star Resources, Independence Group and Evolution Mining all posting strong results.

Cimic makes bid for Macmahon

Construction giant CIMIC Group has proposed to acquire all the shares it doesn't own in Perth-based Macmahon Holdings, with the deal valuing the target at about $174 million.

Seaplane day tours to Margaret River

A new tourism venture has taken flight, with sightseers now able to make day trips down south via seaplanes that take off and land on the Swan River, as a second operator continues a long-running battle to gain regulatory approval for a similar service.

Perth uniform supplier wins $96m govt contract

A Belmont-based, family-owned uniform supplier has won a $96.5 million contract to continue providing its services to the state government over the next 10 years.

Huntsman launches $4.5m IPO

Perth-based gold exploration company Huntsman Resources is seeking to list on the ASX with the launch of its prospectus for a $4.5 million initial public offering.

Outback WA housing market the nation's worst

Outback Western Australia is the worst-performing property market in the nation, according to a new report by ratings agency Moody's, which also found housing prices in Perth have fallen by 8 per cent since peaking in December 2014.

Whittens wins work on NSW wind farm

Local concrete construction business Whittens has won a $15 million contract with a joint venture comprising Monadelphous Group and ZEM Energy for work at the Sapphire wind farm in New South Wales.

$1.8bn World Trade Centre proposal for Perth

The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.

MinRes boss pockets $21m from share sales

Mineral Resources managing director Chris Ellison has sold down a small portion of his stake in the diversified Perth business, netting $21.6 million from the transaction.



No turnaround in sight for Perth house prices

Perth house prices have fallen 7.4 per cent over the past 18 months, making it the worst-performing housing market in the country.

$1.8bn World Trade Centre proposal for Perth

The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.

Perth feels pain in house sales

There was a lot of money made on residential property sales around Australia in the June quarter, but the joy wasn't spread around evenly, with more than 10 per cent of all houses and about 20 per cent of all units sold in Western Australia during the quarter selling at a loss.

Perth property plunge close to bottom: Hemsley

New data out today confirms Perth's residential property market has yet to show signs of a turnaround, but one industry figure says the sector is close to the bottom of the cycle.

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Leighton consortium favoured for Roe 8

The state government has named a consortium led by Leighton Contractors as the preferred proponent for construction of the $500 million Roe 8 highway project, which is the first leg of the contentious Perth Freight Link.

Protestors take Roe 8 fight to High Court

Opponents of the state government's controversial Roe 8 highway extension project have taken their fight to the High Court following a recent decision that validated the project's environmental approval.

Site for western suburbs high school secured

The state government has locked down a site for a new public secondary school in Perth's western suburbs that will open its doors in 2020.

Web company director convicted

The director of three Perth-based website development and digital marketing companies has been convicted in the District Court of using his position dishonestly to gain an advantage.