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. Fraser left Business News in 2017.

Top prize winners at state resources awards

Fortescue Metals Group, Iluka Resources and Rio Tinto are among the five overall category winners in the 2017 state government’s Awards for Excellence.

Cochrane to succeed O'Connor as Ausdrill chair

Ausdrill's long-serving chairman, Terry O’Connor, has announced he is handing over the reins to his deputy Ian Cochrane later this year, putting to rest a 24-year career with the mining services business.

Doray ponders Westgold JV

Gold miner Doray Minerals is considering a joint venture arrangement with Metals X spin-out Westgold Resources over its Gnaweeda project.

Altech raises $17m from investors

Perth-based Altech Chemicals has received firm commitments for a $17 million capital raising to fund ongoing development of its high-purity alumina plant in Malaysia.

Clough JV wins PNG work

A joint venture comprising local engineering group Clough and Finnish corporation Wartsila has won a contract to build a power station in Papua New Guinea for an undisclosed sum.

Civmec pursues ASX listing

Henderson-based shipbuilder Civmec has announced plans to list on the ASX, with details of its entry yet to be determined.

CTI buys Jayde Transport

CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it seeks to lessen its reliance on the local market.

Vessel operator falls into administration

The administrators of troubled oil and gas services provider Go Marine Group say they are confident they can recapitalise the business.

Gold juniors raise $22m

Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia.

Sheffield raises $32m for Thunderbird

Sheffield Resources has tapped investors for $32 million to fund ongoing development of its Thunderbird mineral sands project in WA.

Schaffer sells Urbanstone to Brickworks

Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million.

Dreamscape buys Sydney firm

Local company Dreamscape Networks has entered into an agreement to acquire Sydney-based Enetica Group for $4.4 million in cash.

Capricorn gold project to cost $146m

Gold explorer Capricorn Metals has released a feasibility study for its Karlawinda gold project near Newman.

Local share volatility follows Barrick's Tanzania plan

Global miner Barrick Gold has announced a deal with the Tanzanian government that involves a 50:50 sharing of benefits from its operations in the country, prompting sharp price movements in local stocks exposed to the region.

App/tech business of the week ~ SpacetoCo

SpacetoCo is a web-based application that allows users to search, book and pay for the space the user needs wherever he or she is located. It allows anyone who has space to list it for availability for free.

WA unemployment down, still up on national figure

Western Australia’s unemployment rate fell 0.2 percentage points last month, putting it among the top performing states for annual employment growth, according to new data.

Sheffield to demerge assets

Sheffield Resources has announced plans to spin-out its gold and base metals assets into a separate entity and list it on the ASX, as it progresses development of its flagship Thunderbird mineral sands project.

NRW preferred for $300m Gascoyne contract

Aspiring gold miner Gascoyne Resources has tapped NRW Holdings for a $300 million mining services contract at its Dalgaranga project in Western Australia, while NRW's managing director has received a boost to his salary.

Perth housing affordability hits 10-year high

The combination of lower property prices, low interest rates and small increases in household incomes has made housing affordability in Perth the best it has been for 10 years, and the best of any mai

Sheffield appoints GR, sources funds for Thunderbird

Sheffield Resources has mandated finance group Taurus to arrange a $US200 million ($A255 million) debt facility for development of its Thunderbird mineral sands project, and also named GR Engineering Services as its preferred contractor.

Newcrest to upgrade Telfer

Newcrest Mining will spend $93 million this quarter to expand its Telfer gold mine in Western Australia, after the state government was last week forced to abandon its planned gold royalty increase.

Quintis terminates supply deal

Troubled Indian sandalwood producer Quintis has ended its sales agreement with a Chinese customer that was being investigated for customs evasion.

Clough JV wins work on $262m Water Corp project

A joint venture between Perth-based engineering group Clough and French company Suez has won a contract to build the second stage of a water recycling plant in Craigie, which is the major component of the state government’s $262 million groundwater replenishment scheme.

Elixir in Golden buy

Perth-based explorer Elixir Petroleum has entered into an agreement to acquire a Mongolia-focused coal seam gas business in an all-scrip deal worth about $4 million.

Flat year at Fremantle Ports

The volume of freight through Fremantle Ports has remained static for the third year running, raising further questions about when the proposed outer harbour development at Cockburn Sound will be needed.

Clough JV wins marine infrastructure work

An joint venture between engineering group Clough and Dutch company BAM International has won a contract to provide its services to a $100 million marine project in the Northern Territory.

Visitor numbers up at Rottnest

Nearly 650,000 people visited Perth’s iconic tourist destination Rottnest Island in the 2017 financial year, with about a third coming from either interstate or overseas.

‘Mind-blowing’ recognition for Limeburners

Internationally renowned whisky reviewer Jim Murray has labelled Limeburners’ Darkest Winter whisky the best drop in the Southern Hemisphere.

Coke buys local brewery

Swan Valley-based Feral Brewing Company has been sold to the business that bottles and distributes Coca-Cola in the Asia-Pacific region for an undisclosed sum.

Buckingham to succeed Jones as Navitas boss

Having grown Perth-based Navitas from a start-up 23 years ago into a global education services provider and one of WA's top 10 listed companies, co-founder Rod Jones is handing the reins to former iiNet boss David Buckingham.

Decmil wins $60m of new work with VicRoads

Decmil Group has won more work on a highway extension project in Victoria, with the new package worth about $60 million.



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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Woodhead to join GHD

Engineering and consulting group GHD has announced it will acquire specialist architecture and design firm Woodhead.

Tax, transport top SME wish list

Small business owners are more satisfied with the federal government than they have been in recent years, but a new survey has found there are still a lot of changes the sector would like to see implemented to help run their businesses efficiently.

Resonance Health to raise $5.1 million

Resonance Health intends to raise up to $5.1 million with a placement and entitlement offer, pitched at 5 cents per share.

Roy Hill chooses Aconex software

Roy Hill Holdings has selected construction project management software firm Aconex to provide its services to the company’s iron ore mining project in the Pilbara.