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.

Mt Gibson cancels second offtake contract

Mount Gibson Iron has torn up a second offtake agreement with a Chinese customer that had planned to buy product from its Iron Hill mine in the Mid West.

WA new car sales end FY17 on a downer

End-of-financial-year specials failed to maintain May's positive tone on new car sales for Western Australia, with numbers for June down 5.5 per cent as the financial year ended with a whimper.

Cimic sells Macmahon stake

Spanish-controlled CIMIC Group has backed away from its former takeover target Macmahon Holdings, selling its 23.6 per cent stake in the Perth company for $46.8 million.

Doray to mothball Andy Well

Shares in Doray Minerals have been hammered on news the company will suspend operations at its Andy Well gold mine later this year.

Veris leaves Otoc behind

Listed company Veris, which has built a national surveying and town planning operation over recent years, has discontinued its foundation business, mine camp contractor Otoc Australia, after carving-out Otoc's communications arm into a new entity.

State funds for Geraldton co-working space

The state government has awarded Geraldton-based social enterprise Pollinators $110,000 in grants to promote startup initiatives in the region.

GR Engineering wins $66m Gascoyne contract

GR Engineering Services has finalised a $66.5 million package of work for the construction of processing facilities at Gascoyne Resources’ Dalgaranga gold project in the Murchison region.

Spectur seeks ASX listing

Cockburn-based security surveillance technology company Spectur is seeking to raise up to $4.5 million by way of an initial public offering, and list on the ASX.

CCWA takes court action against uranium mine

The Conservation Council of Western Australia and members of the Tjiwarl Native Title Group have taken the fight against Cameco’s proposed Yeelirrie uranium project to the Supreme Court, after it was approved by the previous state government.

Asic bans insurance broker

The corporate watchdog has removed a Perth insurance broker from the industry for failing to comply with regulations.

Thiess wins $650m Fortescue contract

CIMIC Group subsidiary Thiess will continue operating at Fortescue Metals Group’s Solomon hub under a $650 million contract extension awarded today.

Peet gets nod for Swan Valley land

Land developer Peet is planning to establish a joint venture with Perron Group after being named by the state government as its preferred developer for the Brabham housing project near the Swan Valley.

Tanzanian law changes a concern for Cradle, Orecorp

Africa-focused Cradle Resources has pulled the plug on a $55 million takeover by joint venture partner Tremont Investments, on the back of proposed changes to certain Tanzanian laws.

Emeco exits Chile with asset swap deal

Heavy equipment supplier Emeco Holdings will leave its struggling operations in Chile behind through an asset swap agreement that will boost its Australian fleet by 85 units.

Perth house prices lift slightly in June

A small turnaround in Perth dwelling values last month helped stave off a negative quarterly result, as the Western Australian capital continues to battle a persistently subdued market.

$10m in tickets sold at Fringe

The 2017 Fringe World Festival brought in $10 million in ticket sales, with over 750,000 people making their way to the Northbridge-focused festivities.

GR Engineering wins AngloGold work

GR Engineering Services has won a $31 million engineering, procurement and construction contract for upgrades to processing facilities at AngloGold Ashanti’s Sunrise Dam gold mine south of Laverton.

Monadelphous pours cold water over acquisition talks

Monadelphous Group has hosed down speculation that it is eyeing a $300 million acquisition of a civil engineering company, but the rumours have fuelled investor interest.

Govt IT security falls short of Murphy's benchmark

The auditor general has reiterated his disappointment with state government agencies consistently not taking appropriate steps to protect and manage their IT systems despite the recent global malware attacks.

Veris buys east coast surveying business

Diversified company Veris has further expanded its national surveying division through the acquisition of Canberra-based LANDdata Surveys for up to $4.8 million in cash.

WA wages, regional growth, mortgages a census focus

Western Australia is home to the nation’s fastest-growing region for the second consecutive census, but this time it’s not in the north.

Interstate migration hits WA's population growth

Western Australia’s population grew by just 0.7 per cent for the 12 months to December, after only 400 people migrated from overseas, while nearly 11,000 moved interstate.

Fortescue to add more autonomous trucks

Fortescue Metals Group will deploy a further 112 autonomous trucks across its Pilbara hubs during the next three years as part of its ongoing innovation plans.

Collins buys more WA KFC restaurants

ASX-listed Collins Foods will spend $110.2 million to acquire 28 KFC restaurants around Australia from US-based Yum! Brands, six of which are in Western Australia.

Siemens buys Perth business

Global business Siemens is expanding its footprint in the rail infrastructure sector with the acquisition of Perth-headquartered MRX Technologies for an undisclosed sum.

Willetton SHS takes top architecture award

Willetton Senior High School has claimed the top prize at this year’s WA Architecture Awards, while Elizabeth Quay, an arts centre in the Pilbara and the Gen Y Demonstration Housing project were among those to receive high accolades.

Brierty signs facility deal with Bankwest

Brierty has signed a new facility and debt restructure agreement with Bankwest that is conditional on the company’s rectification plan at Rio Tinto’s Western Turner Syncline project being approved by the iron ore miner.

Households, miners to pay an extra $334m

The state government has lifted an array of fees and charges as it seeks to address its budget woes, with iron ore exporters in the Pilbara and electricity consumers facing the largest increases.

SCEE wins $100m in new work

Southern Cross Electrical Engineering has announced a number of contract wins worth a combined $100 million, with the majority of the work to be carried out by recently acquired, Sydney-based subsidiary Heyday.

Monadelphous wins $600m Woodside contract

Monadelphous Group has won a five-year contract to provide its services to a number of Woodside Petroleum’s operations in the North West.

APA Group to power Gruyere

APA Group will construct a new $180 million gas pipeline and power station to provide energy to Gold Road Resources’ Gruyere gold project near Laverton.



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.