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.

Construction deal for $6bn Balla Balla iron ore project

Todd Corporation-controlled BBI Group has signed an agreement with a Chinese firm for construction of the $6 billion Balla Balla iron ore project in the Pilbara.

Quintis shares continue slide

Freshly renamed Indian sandalwood producer Quintis has suffered another share price slide, prompting a query from the ASX, following short-seller Glaucus Research Group's scathing report into the Nedlands-based business yesterday.

Western Force prospectus hits market

The Western Force is calling on the public to purchase $10 million worth of shares in the club in what it has labelled a "last call" to save it from being cut from the Super Rugby competition.

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.

Carnegie to build $20m solar power station

Renewable-focused Carnegie Clean Energy has announced it is developing a $20 million, 10-megawatt solar power station in Northam, which it says will generate enough electricity to power 4,000 homes for 25 years.

Court rejects Mesa shareholder claims

A major shareholder in failed manganese company Mesa Minerals has lost its bid to have administrators replaced after the Supreme Court ruled there was no evidence of bias between Pitcher Partners and Mesa's largest stakeholder, Mineral Resources.

Hong Kong group buys Alinta in $4bn deal

Western Australia's biggest gas retailer, Alinta Energy, has been bought by a Hong Kong jewellery and property conglomerate, with Premier-elect Mark McGowan saying the deal confirmed his opposition to privatisation.

MacTiernan bounces back

ANALYSIS: Freshly recycled Labor MP Alannah MacTiernan has been fast tracked into Premier-elect Mark McGowan's new cabinet, even though she will not formally start her term in the Legislative Council until mid-May.

Laing takes 800 workers off Ichthys

Engineering contractor Laing O'Rourke has taken 800 of its workers off the $US37 billion Ichthys LNG project in Darwin due to a pay dispute with its Japanese supplier.

Amex to accept $54m takeover offer

Perth-based junior explorer Amex Resources is set to be wholly acquired by one of its shareholders after a lucrative takeover proposal was made, valuing the iron ore hopeful at $54 million.

Independence in Fraser Range JV with Orion

Gold and nickel miner Independence Group has expanded its presence in the Fraser Range after entering into an agreement to farm-in to Orion Gold's tenements in the area for an initial $2 million in cash and scrip.

Cradle to accept $55m takeover offer

Niobium explorer Cradle Resources has recommended shareholders accept a takeover offer from joint venture partner Tremont Investments, which values the target at $55 million.

Third Gorgon LNG train to begin producing early

The third LNG train at Chevron's Gorgon facility on Barrow Island is ramping up to begin producing ahead of schedule, with the milestone set to be achieved by the end of the month.

Uncertainty surrounds Lepidico takeover

Lithium Australia's $23.8 million takeover bid for rival Lepidico appears to be heading for rejection, with the target company not confident about the operational methods of Lithium's core asset.

Red 5 flags $70m impairment

Gold miner Red 5 has revealed the financial extent of having to temporarily shut down its Siana mine operations, today flagging a $70 million impairment in its half-year accounts.

Coleman receives $3m in Woodside shares

Woodside Petroleum boss Peter Coleman has received $2.9 million worth of shares in the Perth-based energy giant as part of a short-term incentive under his executive employment contract.

Heytesbury takes Wellard stake

The investment vehicle of Pakistani meat producer Tariq Butt has sold its remaining 9.5 per cent stake in Wellard to private company Heytesbury, at a premium to the listed agribusiness's recent trading price.

Perth housing affordability up as values slip again

Perth home prices are now 10 per cent below the market peak of 2014, after the sector lost gains made in January to fall 2.4 per cent last month.

MMA to sell supply bases as loss widens

Marine services company MMA Offshore will sell its Dampier and Broome supply bases to Toll Group for about $53 million to pay off debt, as the company revealed a $323.7 million half-year loss on the back of a large impairment charge.

Macmahon rejects Cimic offer

Macmahon Holdings has called out CIMIC Group for what it says is a low-ball takeover bid, saying the Spanish-controlled company should be aware of the improving market for mining services. 

Lithium-focused MetalsTech debuts on ASX

Subiaco-based lithium explorer MetalsTech has enjoyed steady gains on its first day of trading on the ASX, after completing a $4.3 million initial public offering.

ACCC concerned about South32 coal assets deal

The competition watchdog has raised concerns over South32's proposed $US200 million acquisition of Peabody Energy Corporation's Metropolitan Colliery in NSW, on the grounds that it may lessen competition in the region.

Dacian to raise $110m for Mt Morgans

Dacian Gold has reignited plans to undertake a large equity raising, announcing today a $110 million placement and entitlement offer to fund development of its Mt Morgans gold project near Laverton.

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' 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.



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.

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.

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.