Search

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.

Programmed sells down marine business

Programmed Maintenance Services has announced it has sold half of its marine services business to a Netherlands-headquartered company, on the same day it revealed a return to the black with a full-year net profit of $12.3 million.

NBN contractor enters administration

An infrastructure delivery company that had carried out work on the NBN rollout in Perth has collapsed.

Quintis extends suspension by a week

Troubled sandalwood producer Quintis has extended its ASX suspension by a week to review its operations and update its earnings guidance.

WA gets small slice of $89bn shipbuilding plan

Defence Issues Minister Paul Papalia says Western Australia has been dudded in the federal government's $89 billion naval shipbuilding plan, of which WA will receive just over $3 billion of work, while the prime minister has lauded it as "unashamedly nationalistic".

McGowan probes Barnett government spending

Perth businessman John Langoulant has been appointed to lead the state government's commission of inquiry into the Barnett government's spending on 26 projects over the past eight years.

Rennie to lead public service review

A former New Zealand bureaucrat has been appointed to lead a three-person panel that will conduct a review into the state's public service, where Premier Mark McGowan is targeting $750 million in savings.

Perth office for German shipbuilder

Family-owned German shipbuilder Luerssen will be setting up shop in the Australian Marine Complex through a partnership with Civmec and government-owned ASC.

Another big fall in new car sales

Western Australian car retailers will be hoping for better May numbers after new vehicle sales fell 12.7 per cent in April.

Pilbara signs offtake, financing deal with Ganfeng

Shares in Pilbara Minerals were up 20 per cent on news the company has inked a major offtake and $US20 million investment agreement it says will pave the way for final funding of development of its Pilgangoora lithium project.

Azonto plans $24m Canadian farm-in

Junior explorler Azonto Petroleum has announced plans to farm-in to an oil and gas project in Canada through the acquisition of one of the project's joint venture partners, which is owned by Perth executive Alan Stein.

Perth house prices fall 1%

Multiple public holidays in April are considered a likely contributer to a soft housing market for the month, with Perth house prices slipping into negative territory again amid a slowdown across the country.

State govt departments cut, top paid jobs to go

The state government has cut the number of its departments from 41 to 25, with a fifth of jobs in the Senior Executive Service - Western Australia's highest-paid bureaucrats - to go.

Mt Gibson to restart Koolan Island

Mount Gibson Iron will spend nearly $100 million on the redevelopment of its Koolan Island iron ore mine, with the company's board giving the green light to bring the operation out of care and maintenance.

Strandline in $14m Rio Tinto farm-in deal

Strandline Resources has attracted Rio Tinto for a $14.5 million farm-in agreement at its heavy mineral sands tenement portfolio in Tanzania.

AUMS wins $373m Newmont contract

Ausdrill-Barminco joint venture African Underground Mining Services has won a $US280 million ($A373 million) contract to provide its services to Newmont Mining's Subika underground gold operation in Ghana.

More than single lead source at PCH: Gow

UPDATED: Building commissioner Peter Gow has issued a clarifying statement today (Tuesday), essentially confirming the state government's view that lead leaching directly from brass fittings remains the only significant source of lead at Perth Children's Hospital.

Veem manager resigns amid court action

The recently recruited global sales manager of Perth engineering company VEEM has been forced to resign after his former employer took Supreme Court action, claiming he breached terms of his employment agreement.

Govt takes control of Perth Children's Hospital

The state government has taken control of the trouble-plagued Perth Children's Hospital to solve what it believes is the cause of the ongoing lead contamination problem.

Carnegie raising grows to $18m

Carnegie Clean Energy has tripled the size of its capital raising to $18 million after accepting oversubscriptions from a share purchase plan and undertaking an additional placement.

457 visa program to be replaced

Prime Minister Malcolm Turnbull has announced the abolishment of the 457 skilled visa program, which will be replaced by a visa with new requirements for temporary foreign workers.

MZI builds on offtake agreement

Shares in mineral sands miner MZI Resources were higher on news one of the company's existing offtake partners had agreed to take additional leucoxene product from its Keysbrook mine near Serpentine.

Trevisan replaces Perrin at Property Council

TRG Properties executive Tanya Trevisan has been elected president of the Property Council of Australia's WA division, replacing Tony Perrin who left the role after just two months following his departure from Frasers Property Australia.

Indiana survives leadership spill

A day after the Takeovers Panel put restrictions on the voting power of a group of shareholders in Indiana Resources, the same group has withdrawn plans to seek a board restructure vote at an upcoming general meeting.

Western Areas' mill expansion plans back on

Western Areas has reignited plans to upgrade its Cosmic Boy concentrator in the light of interest in nickel in the electric vehicle battery market, with GR Engineering Services to carry out the work.

TPG to build its own mobile network

Telstra shares fell today after internet provider TPG Telecom said it would build Australia's fourth mobile network for about $1.9 billion, after securing much-needed mobile spectrum in a government auction.

Paringa raises $53m to build coal mine

After locking in a $US20 million ($A26 million) debt facility agreement last week, aspiring coal miner Paringa Resources has tapped investors for $53 million to fund development of its Poplar Grove mine in Kentucky.

Rise in Perth house prices tipped

A research collaboration between CoreLogic and ratings agency Moody's has predicted a turnaround in Perth's depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.

Neometals to sell Mt Marion stake for $125m

Neometals hopes to reap about $US96 million ($A125 million) from the sale of its interest in the Mt Marion lithium mine near Kalgoorlie, with the operation's joint venture partners given a pre-emptive right to buy the stake.

TNG spin-out Todd River makes ASX debut

Todd River Resources has closed higher on its ASX debut, after spinning-out of Perth-based minerals explorer TNG and raising $6 million in an initial public offering.

Telstra joins subsea cable race to Singapore

Two competing subsea cables are set to be built between Perth and Singapore after Vocus Communications finalised construction contracts this week, coinciding with a Telstra-led consortium striking an agreement with the same builder.

Indiana fights takeover play

Bronwyn Barnes has been appointed the new chair of West Perth-based Indiana Resources, on the same day the company went to the Takeovers Panel to fight attempts by a group of shareholders to oust existing directors.

Pages

Most-read

New study reveals Perth suburbs selling faster than in boom

The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.

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.

NBN contractor enters administration

An infrastructure delivery company that had carried out work on the NBN rollout in Perth has collapsed.

most commented

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.

TFS rejects Ponzi claims

Indian sandalwood producer TFS Corporation has blasted US-based short-seller Glaucus Research Group for a scathing report which accused the Perth company of operating a Ponzi-like business structure.