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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.

Royalty rise puts damper on gold spend plans

SPECIAL REPORT: The gold royalty hike proposed in this month’s state budget has stunned the sector, amid big spending plans for the year ahead.

Wellard begins CEO succession

Local agribusiness Wellard has promoted non-executive director Fred Troncone to an executive position on the board, as its founder and chief executive committed to remaining with the company until at least the end of the year.

Sheffield cleared for Thunderbird development

Sheffield Resources is set to receive a mining lease for its Thunderbird mineral sands project near Derby, after the Federal Court threw out a native title appeal by a local Aboriginal group.

App/tech business of the week ~ Hyba

Hyba is an app that allows people to see what bars and clubs are around, and how many males and females are at each venue.

MGM wins state govt contract

Adelaide-based tech company MGM Wireless has won a contract to provide its low-cost messaging app to all public schools in Western Australia for an undisclosed sum.

Bio Organics founder seeks council seat

Benjamin Avila hopes that winning a seat on the Shire of Serpentine Jarrahdale council will enable him to assist businesses avoid the fate that befell his.

State aims for 50% women on boards

The state government has set itself the target of increasing the number of women appointed to its boards, committees and advisory bodies to 50 per cent by 2019, though it has a long way to go before hitting gender equality at its major trading enterprises.

Gascoyne in $60m facility for gold project

Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.

Ramelius buys Evolution's Edna May for $90m

Ramelius Resources is set to become a 200,000 ounces per annum gold producer after acquiring Evolution Mining’s Edna May operation near Merredin for up to $90 million in cash and shares.

Fortescue boss tenders resignation

After seven years at the helm of Fortescue Metals Group, Nev Power has announced he will hand over the reins and take a much-needed holiday.

Brierty's Rio Tinto, Newmont contracts torn up

Two of the largest contracts held by fallen Perth company Brierty have been terminated, as uncertainty hangs around the company’s future after last week's appointment of administrators.

Juniors tap investors for $6m

Local explorers MacPhersons Resources and Venture Minerals have announced plans to raise a combined $6.3 million to fund ongoing work at their respective prospects in the state.

Triangle to float subsidiary on ASX

Gas explorer Triangle Energy Global has announced plans to spin-out one of its subsidiaries into a new entity and float it on the ASX.

Nova mine officially opens

Independence Group has officially opened its Nova nickel-copper mine in the Fraser Range, making it the company’s fourth producing operation.

Peel to spin-out local gold asset

Junior explorer Peel Mining has announced plans to spin-off its Apollo Hill gold project near Leonora into a new company and list it on the ASX by way of an initial public offering.

App/tech business of the week ~ Thimble

Thimble is a one-of-a-kind app on the iTunes Store that will directly help and bring the community together in a member’s time of need.

Poseidon attracts another user for Black Swan

Poseidon Nickel is in discussions with Empire Resources for the processing of gold ore at its mothballed Black Swan processing facility near Kalgoorlie, while Empire has secured two loan deals to help pay for essential mining costs.

Maca wins Pilgangoora contract

Pilbara Minerals has chosen MACA to carry out mining services work at its Pilgangoora lithium-tantalum project for an undisclosed sum.

Hungry Jack’s returns to Eagles jerseys

Hungry Jack’s will replace Bankwest on the West Coast Eagles’ jerseys next year, returning to the team it sponsored for 25 years until it was bumped by Bankwest in 2012.

Perth contractor into liquidation

Balcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million.

Brierty falls into administration

Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work.

WA unis climb global ranks

The University of Western Australia has fallen just short of its ambition to be a top 100-ranked institution in the Times Higher Education World University Rankings, but gained ground alongside Curtin University, which also landed a higher position.

Aust Mines buys out JV partner for $10m

Local explorer Australian Mines has entered into an agreement to buy out its joint venture partner at the Sconi cobalt-nickel-scandium project in Queensland for $10 million in cash and scrip.

Forrest case sparks mining lease legitimacy fears

The state government is considering amendments to the Mining Act in the wake of the High Court’s recent ruling that kept sand mining off Andrew Forrest's family pastoral station in the Pilbara but cast into question the legitimacy of other granted mining leases since 2006.

WA new car sales turn around in August

Western Australia reported a surprise increase in new car sales last month, boosted by strong performances by Toyota and Hyundai.

WA leads growth in greenfields exploration spending

Western Australia was the largest contributor to an increase in exploration spending in the three months to June according to new data which was released just days after the federal government announced a $100 million exploration incentive.

Vonex looks to NSX for IPO

Local telecommunications company Vonex has launched its prospectus for an $8 million initial public offering on the National Stock Exchange, following its reverse takeover - and subsequent failed backdoor listing - of Aleator Energy last year.

Perth house prices lower in August

Perth house prices took another hit last month, with the median slipping 0.8 per cent as the combined value of the nation’s capital cities edged 0.1 per cent higher.

Buildings cleared of PCH-linked asbestos risk

An inspection on 13 local building projects that sourced materials from the Chinese supplier of roof panels for the Perth Children’s Hospital, which were later found to contain asbestos, has produced no trace of the deadly material.

Craft beer fills Gage Roads

Gage Roads Brewing Company has reported solid results for the 2017 financial year, on the back of higher demand for its craft beer range.

Blackham flags $114m Matilda upgrade

Gold miner Blackham Resources has outlined a potential $114 million investment in its Matilda operation to boost production beyond 200,000 ounces a year, despite failing to hit its initial forecasts since production began in late 2016.

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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.

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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.

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.