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. Fraser left Business News in 2017.

Liberal opposition kills gold royalty hike

Treasurer Ben Wyatt has lashed the opposition for not backing the proposed gold royalty hike, which is now set to fail in parliament, claiming the Liberal Party has opposed more than $1 billion in budget repair measures.

Riversgold debuts on ASX

Local explorer Riversgold has begun trading on the ASX after raising $6.1 million from investors by way of an initial public offer.

Aphrodite flags $19m impairment amid merger

Takeover target Aphrodite Gold has flagged an impairment charge of up to $19 million against its self-titled gold project near Kalgoorlie, but says it will not affect the value of its all-scrip merger with Perth-based Spitfire Materials.

Austal wins ferry, combat ship contracts

Austal has won a $190 million contract to build two ferries for a Spanish client, along with an order for a 15th littoral combat ship for the US Navy for an undisclosed sum, but the company has yet to decide whether the two ferries will be built at its Henderson shipyard or overseas.

Carnegie signs funding deal with Asymmetric

Carnegie Clean Energy has secured a $7.5 million debt facility with a Cottesloe-based investment group to assist with development of a 10-megawatt solar power station in Northam.

Wheatstone begins producing LNG

The joint venture partners of the Wheatstone LNG facility near Onslow have hailed first production, with the first of two gas processing trains coming online today.

Guthrie joins Vimy as RCF rep

Local resources executive Vanessa Guthrie has been appointed to the board of uranium explorer Vimy Resources as a nominated representative of fund manager Resource Capital Funds.

Parkd seeks ASX listing

A modular car park construction company chaired by former Automotive Holdings Group boss Bronte Howson has announced plans to raise $6 million from investors and list on the ASX.

Altura raises $26m for lithium project

Lithium-focused Altura Mining has raised $26 million from investors as it prepares for a second-stage development of its flagship project in the Pilbara.

App/tech business of the week ~ Notis

Notis is a website/app that connects students through a personalised classified offering within their own college campus.

Chevron, Woodside buy offshore blocks

Energy giants Chevron Australia and Woodside Petroleum have jointly acquired three exploration tenements offshore Western Australia from the government for an undisclosed sum.

Argosy taps investors for $17m

Lithium explorer Argosy Minerals has announced a $17 million capital raising that will replace a previously announced $26 million investment in the business by a Chinese offtake partner.

Empire pours first gold from Penny's Find

Empire Resources has become Western Australia’s newest gold producer, after achieving its first gold pour from its Penny’s Find mine near Kalgoorlie.

Car sales shed August gains

New car sales in Western Australia dipped back into the red last month after showing rare signs of improvement in August.

Navitas buys NZ college

Perth-based education provider Navitas has acquired an English language college in New Zealand for $NZ 5 million ($A4.5 million).

Gold royalty puts mines, jobs at risk: CME

The premier has dismissed claims that almost 3,000 jobs would be lost under the state government’s planned gold royalty hike, after a report claimed that five existing mines were at risk of closing if the royalty was enacted.

IMF commits $30m to new investment vehicles

Litigation funder IMF Bentham has committed $30 million towards two new investment vehicles, which will have a combined pool of $150 million.

Tanami Gold to sell project to Northern Star

Junior miner Tanami Gold has entered into an agreement for the sale of its Western Tanami gold project in the Northern Territory to Northern Star Resources for $4 million in cash.

Kin upbeat on gold project

Aspiring gold miner KIN Mining has released a definitive feasibility study on its Leonora project in the Goldfields, which has forecast a development cost of about $35 million.

Canadian gold miner invests $5m in De Grey

Canada's Kirkland Lake Gold, which is a major backer of TSX-listed Novo Resources Corporation - the company at the centre of a mini gold rush in the Pilbara - has thrown its weight behind Perth-based explorer De Grey Mining, which is one of several local explorers active in the same area.

Perth house prices up as nation slows

Perth house prices ticked up slightly last month but were still down over the past three months, as the national property market loses steam.

Stirfire IPO falls over

Northbridge-based video game and virtual reality company Stirfire Studios has failed in its bid to complete a $7 million initial public offering and list on the ASX, but has pencilled in a second attempt for next year.

Great Wall invests $28m in Pilbara Minerals

Pilbara Minerals has secured an offtake and $28 million equity deal with Chinese car maker Great Wall, effectively replacing a previous financial commitment from one of the aspiring miner’s other offtake partners.

New gold junior up on ASX debut

Gold explorer Okapi Resources has enjoyed fruitful gains on its first day as a listed company, which came nine months after its directors attempted to float the business as Huntsman Resources.

Indigenous JVs win $6m in work

Two indigenous business joint ventures have been awarded a combined $5.9 million worth of contracts in the Pilbara.

Explorers up spending in June qtr

Listed exploration companies increased their spending in the three months to June, according to a new report by accounting and corporate advisory firm BDO.

West Coast misses out on 2019 AFLW entry

The West Coast Eagles will not be part of the AFL Women’s competition in 2019, after the league postponed the club’s entry until the following season.

Optus signage to light up Victoria Ave

Property group Stockland has attracted Optus for the top floor of its office building on Victoria Avenue in the CBD, with the telco giant to also take up naming and signage rights.

GCS sells hire business

Global Construction Services has entered into an agreement for the sale of its equipment hire division to Onsite Rental Group for an undisclosed sum.

Emerging producers tackle challenges

SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state’s emerging miners wrapped-up a busy 12 months.

Luxury camping retreat for Rottnest gets nod

The state government has given the green light for a luxury camping retreat on Rottnest Island, to be developed by Baileys Group, which has also bought the former Aristos restaurant on the island after selling the Rottnest Express ferry service late last year.

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.