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.

Uranium projects avoid state ban

The state government has been condemned by conservation groups for allowing four uranium projects with existing approvals to be developed.

French named UWA's next chancellor

Former High Court chief justice Robert French will succeed Michael Chaney as chancellor of the University of Western Australia at the end of the year.

Lepidico survives takeover attempt

A hostile acquisition attempt aimed at junior explorer Lepidico has passed deadline with minimal acceptances and will not go ahead, the takeover target says.

Phylogica chair becomes CEO

Perth business executive Stephanie Unwin is moving from chairman to chief executive of listed biotech company Phylogica, while one of its non-executive directors has been promoted to the role of chief scientific officer.

WorkSafe assessor banned, for second time

A high-risk work licence assessor has been fined $14,000 and had his registration cancelled in WorkSafe’s latest efforts to address chronic problems in the sector.

Golden Mile debuts on ASX

Golden Mile Resources has wrapped up its first day of trading on the ASX, after raising $4.5 million from investors through an initial public offering.

ACCC takes Thermomix to court

The Perth-based distributor of the Thermomix kitchen appliances in Australia is being taken to court by the consumer watchdog for allegedly misleading customers when the products were found to be dangerously faulty.

Crusader attracts $54m takeover

Brazil-focused gold explorer Crusader Resources has recommended shareholders accept an all-scrip takeover offer from AIM-listed Stratex International, that values the target at $54 million.

Watchdog bans another Perth adviser

The corporate watchdog has removed another Perth-based financial adviser from the industry, for mishandling payments and deceiving clients.

Pay rise for AusCann CEO

The chief executive of medical cannabis company AusCann Group Holdings has received a boost to her salary package, which will net her about $360,000 in cash for FY17.

Pilbara taps investors for another $65m

Pilbara Minerals has announced another capital raising, this time by way of a placement and share purchase plan, to fund development of its Pilgangoora lithium project.

Civmec-Amec JV awarded $298m Gruyere contract

A joint venture between Civmec and Amec Foster Wheeler has been formally awarded a $298 million engineering, procurement and construction contract for Gold Road Resources’ Gruyere gold project.

Palmer in court for $US150m Citic royalty fight

Clive Palmer has dismissed the gathering of CITIC Pacific Mining employees outside the Supreme Court of Western Australia this morning, ahead of the start of the trial between his private company Mineralogy and Citic over royalties, as a ‘Chinese tactic’.

ECU gets federal funds for cyber security program

Edith Cowan University is one of two universities that will share in $1.9 million in federal funding to boost its cyber security program.

Monadelphous wins $125m in new work

Monadelphous Group has won a contract to complete cryogenic tanks at the Ichthys LNG project in Darwin – the same job that Laing O’Rourke walked away from in March.

Queen honours 36 Western Australians

Chief scientist Peter Klinken, oil and gas veteran David Agostini and public sector commissioner Mal Wauchope are among the 36 Western Australians to join the alumni of recipients of the Queen’s birthday honours.

Tribune, Rand to pay out $16m

Tribune Resources and Rand Mining will empty their cash reserves to pay out inaugural dividends to their shareholders, with their shared managing director to reap $3.1 million.

Western Areas to sell $27m stake in Bluejay

Nickel miner Western Areas has announced plans to sell its stake in an ilmenite-copper-nickel explorer which is dual-listed on the AIM and FSE markets for up to $27.5 million.

Woodside fears Senegal development delay

Woodside Petroleum says its joint venture partner at the SNE oilfield offshore Senegal, FAR, has declined to support a transition for the energy giant to eventually take over as operator of the operation.

Gold juniors in $21m tie-up

Local gold explorers Anova Metals and Exterra Resources have entered into a merger agreement, with Anova to wholly acquire Exterra in an all-scrip deal worth $21.3 million.

Zeta out, Pancontinental moves in on Bombora

A third party has made a play to acquire private company Bombora Natural Energy, after Zeta Petroleum backed out of its takeover plans with the target yesterday.

Asic targets more Macro companies

A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.

Numbers point to tough year ahead for WA

Deloitte Access Economics has foreshadowed a bleaker outlook for the state’s economy in the coming year than that predicted by the WA Department of Treasury in December.

WA car sales show first improvement in years

New car sales in Western Australia grew on a monthly basis for the first time in four years in May, but the upswing still falls well short of the slide in sales for the year to date.

State abandons plans to widen Guildford Rd

Plans to widen a section of Guildford Road have been scrapped by the state government, following a recommendation by the Western Australian Planning Commission.

Seafarms raises $10m as Trahar invests

Ian Trahar has taken a larger stake in his listed agribusiness Seafarms Group while the Perth business taps investors for $10 million.

Barminco loses Northern Star work

Mining work at the Kundana gold operation will be done in-house from next month, after majority owner Northern Star Resources ended a $275 million contract with Barminco two years early.

Still no reprieve for Perth house prices

Australia’s capital cities experienced a cooling of housing market conditions last month, with Perth unable to shake the downward trend.

ACCC to clean up car wash franchisor

The competition watchdog has taken aim at WA-focused car wash franchisor Geowash for allegedly awarding unlawful commission payments and making misleading claims about profitability.

CTI founder sells down to Forager

CTI Logistics chairman David Watson has sold down his shareholding for the first time since he founded the business in 1972, with Forager Funds Management acquiring some of his shares and investing further funds to become a substantial shareholder.

S&P downgrades Quintis rating

Global ratings agency S&P has cut its credit rating for Quintis for the second time this month and kept the troubled Indian sandalwood producer on credit watch with negative implications, suggesting another downgrade is possible.



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.