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.

More firms target medical cannabis space

A medical cannabis company focused on animal health has announced plans to list on the ASX, while two other companies - including a pearling business - have made movements in the pharmaceutical space.

Ausdrill launches $100m raising

Mining services business Ausdrill has launched a $100 million capital raising to bolster its balance sheet, as it anticipates further growth in its African operations, and negotiated an expanded debt facility.

Exploration programs receive govt funding

The state government has named the 43 successful applicants that will share in about $5 million for exploration drilling programs, with over half of those being gold projects.

Dacian hires APA, Zenith for Mt Morgans

Dacian Gold has lined up Zenith Energy to build, own and operate a gas-fired power station at its Mt Morgans gold project near Laverton, and signed a $57 million, 10-year contract with gas pipeline operator APA Group.

New sandalwood player to enter market

Some of the major players formerly behind essential oils business Mt Romance are involved in a new sandalwood player in Western Australia, which is half-owned by an indigenous group.

State govt to review Southern Ports Authority

The state government has ordered a review of the effectiveness of the Southern Ports Authority since its formation in late 2014, after receiving conflicting reports about its success.

App/tech business of the week ~ Flourishing at School

Flourishing at School is a cloud-based software solution to help schools measure and track individual and collective wellbeing, and develop and assess targeted wellbeing interventions for staff and students.

Johnson v Jacob in fight for Joondalup mayor

Former Liberal MP Rob Johnson has thrown his hat into the ring to run for mayor of the City of Joondalup, pitting himself against former state environment minister Albert Jacob.

NRW set for $111m contract in SA

NRW Holdings is in line to receive a $111 million contract for work on OZ Minerals’ Carrapateena gold-copper project in South Australia, which today was given the green light for development.

Consortia picked for Hainsworth redevelopment

A consortium that includes Ventura Home Group has been chosen to build the state government’s $21.8 million Amble Estate residential development on the old Hainsworth primary school site.

Bowen takes board role at BHP

BHP Billiton has announced the appointment of outgoing Wesfarmers finance director Terry Bowen to its board.

Eastern, migme miss ASX payment

Eastern Goldfields and migme are among a number of companies to have missed paying their annual ASX listing fees, risking removal from the register.

Solid year for Northern Star

Gold miner Northern Star Resources has outlined its new dividend policy after achieving a record profit result for the 2017 financial year.

$23m Margaret River bypass contract awarded

A joint venture between WBHO Infrastructure and SRG has won a $22.8 million contract to build new road infrastructure that will allow traffic to bypass the Margaret River town centre.

Top End’s long road to Myanmar

Local exploration company Top End Minerals, with the backing of prominent prospector Mark Creasy, has received shareholder approval to raise funds for the purchase of a zinc project in Myanmar and repay its creditors, as it deals with a number of issues left unresolved by its previous board.

Eastern, Wolf issues keep GR Engineering shares locked

GR Engineering Services has requested its shares be suspended from trading on the ASX while it assesses the impact of Eastern Goldfield’s now-retracted wind-up order, as well as a £7.5 million ($A12.2 million) bond claim notice lodged by Wolf Minerals.

Sheffield launches Aboriginal work program

Sheffield Resources has launched an indigenous employment program for its Thunderbird mineral sands project near Derby, as it deals with an appeal by a local Aboriginal group against recent project approvals.

Forrest loses to Sage in court, wins in Yarri appeal

Andrew Forrest has successfully fended off a company that wanted to mine sand at his family’s pastoral property in the Pilbara, but has lost an appeal against a uranium explorer that plans to mine in the area.

Decmil wins BHP contract

Decmil Group has been awarded a $13 million contract for work at BHP Billiton's South Flank iron ore project near Newman.

Contract disputes add to costs at Fiona Stanley

The auditor general has found Serco’s provision of non-clinical services at Fiona Stanley Hospital to be acceptable, but has called for better cost control amid a $7 million outlay for contract disputes.

Mt Gibson to pay dividend

Iron ore miner Mount Gibson Iron will pay its first dividend to shareholders since 2014, after reporting a $26.3 million net profit for the 2017 financial year.

Court order to wind-up Eastern Goldfields

The Supreme Court of Western Australia has ordered the winding-up of Michael Fotios’ Eastern Goldfields and the appointment of liquidators, after an application by a local assay laboratory.

Troy shareholder calls for board spill

A Singaporean group that holds about a 5 per cent stake in Troy Resources has called for a meeting to seek the replacement of the gold miner’s board members with its own nominees.

Primero wins $30m Tawana contract

Aspiring lithium miner Tawana Resources has confirmed the award of a $30 million engineering procurement and construction contract to Primero Group for its Bald Hill project in the Goldfields.

Woodie Woodie to reopen with $30m investment

The new Chinese owners of manganese miner Consolidated Minerals will employ 300 personnel for the restart of operations at the mothballed Woodie Woodie mine in the Pilbara.

Citizenship rules may claim Joyce

Deputy Prime Minister Barnaby Joyce may become the fifth federal politician to be removed from parliament for holding dual citizenship, after New Zealand's prime minister said Mr Joyce was a citizen of the country.

Spitfire in tie-up with Aphrodite

Gold junior Spitfire Materials has entered into an agreement to merge with Victoria-based Aphrodite Gold in an all-scrip deal that values the target at about $32 million.

NRW buys east coast business for $85m

Perth-based NRW Holdings has announced plans to acquire east coast contractor Golding Group for an enterprise value of $85 million.

PCH doors to remain closed for 2017

The state government plans to replace multiple valves in the new Perth Children’s Hospital after a report confirmed the cause of ongoing lead contamination at the trouble-plagued project, wth the extra work to push the hospital’s opening date beyond this year.

App/tech business of the week ~ Get in the Hole Golf

The Get in the Hole Golf app allows golfers to create great golf experiences by finding similar skilled playing partners and great playing deals from over 500 golf courses in Australia and Bali.

Clough-AMEC JV wins work with Yara

The Clough-AMEC Foster Wheeler Australia joint venture has won a five-year contract to provide maintenance services at Yara International’s liquid ammonia plant near Karratha, with the value of the work believed to be about $100 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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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.