Fraser Beattie

Carnegie Wave Energy chief executive officer Michael Ottaviano and Northern Star Resources boss Bill Beament were among the winners of the EY Entrepreneur of the Year western region awards.

If key areas of reform were implemented in Western Australia then the state’s economy could double in size in the next 20 years, according to the Chamber of Commerce and Industry WA’s latest report.

Emeco Holdings has reported a net loss of $21.6 million, down from a $28.5 million profit last year, following a series of downgrades and write-downs on the back of a slowdown in the mining sector.

Diversified industrial group Schaffer Corporation has posted an 18 per cent full-year profit reduction on the back of a goodwill write-down and proceeds of an insurance claim.

Belmont-based event production and management services provider Corporate Theatre Productions has been sold to Presentation Technology for an undisclosed amount.

Copper explorer India Resources has signed a placement agreement with Resource Capital Funds for the issue of up to 200 million shares to raise up to $1.6 million.

Engineering contractor Monadelphous Group has announced a 6.3 per cent fall in full-year profit to $146.5 million on softening activity in the mining and minerals sector.

Virgin Australia today announced it would reduce its scheduled flights between Perth and Albany, and Perth and Esperance, from three to two each weekday.

Perth-based mining equipment supplier Emeco Holdings has secured an agreement with Chilean mining contractor Fe Grande, which is expected to generate between $27 million and $32 million in revenue per year.