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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.