Matt Mckenzie joined Business News in June 2014 and reports on projects, energy, agribusiness, small business, employment relations, manufacturing and economics. He completed bachelor of arts and bachelor of economics degrees at the University of Western Australia, majoring in political science and international relations, economics, and money and banking. He was formerly president of the UWA Student Guild, where he introduced the first private catering outlets on campus, and has worked at a leading financial services company.
Chinese company Citic has recorded a first-half loss at the Sino Iron magnetite mine in the Pilbara, while warning that the ongoing tussle with tenement holder, Clive Palmer’s Mineralogy, means production at the project could eventually be suspended.
An ambitious multi-billion dollar project to export solar power from the Pilbara into Indonesia would be technically viable, according to a pre-feasibility study released by the Pilbara Development Commission today.
Grattan Institute energy program director Tony Wood has said the state government should proceed, but move cautiously, toward full retail contestability in the local electricity market, speaking at the Energy in WA conference today.
Energy Minister Ben Wyatt hopes to introduce laws to ease network access rules for new electricity generators by mid 2018, while acknowledging concerns about Synergy's market power in an address today at the Energy in Western Australia Conference.
Sydney-based gas producer AWE plans to upgrade its resource estimate for the Waitsia gas field in the Perth Basin in coming months after a recent drilling campaign showed the field extends further eastward than initially thought.
SPECIAL REPORT: More than $1.6 billion of renewable energy projects are proposed for the South West Interconnected System, but their success may hinge on how the government handles two regulatory issues.
A further 4 per cent rise in metropolitan water usage charges will be needed for the 2019 financial year to ensure pricing is cost reflective, according to a draft report by the Economic Regulation Authority.
SPECIAL REPORT: As WA households benefit from increased competition in gas retailing, the electricity sector wants to be able to compete with Synergy in providing to small customers, with some industry members calling for a reduction in the contestability threshold to 20 megawatt hours.
Perth is the world’s seventh most liveable city for the second year running, according to The Economist’s Intelligence Unit, while Melbourne continues a winning streak as the world's number one, a position it has held since 2011.
Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.
The state’s first early stage venture capital limited partnership is one of three funds announced by Western Australian money managers this year, and one of two in a joint project by Cottesloe-based View Street Partners and Nedlands-based Mac Equity.
Chevron’s Gorgon project has shaken off last year’s teething issues to ship at an above-capacity run rate in July, exporting 1.4 million tonnes of LNG in the month, according to the latest data from consultancy Energy Quest.
SPECIAL REPORT: There is a range of places for small businesses and startups to access support, but technological change means some are rethinking their approach. Click through for the updated BNIQ list of SME and startup business centres.
Corporate administrations in Western Australia fell for the 2016-17 financial year, down by 5.2 per cent on the previous period, although a poor result for the three months to June suggests it is too early to call a recovery.
The state government plans to prepare reforms to allow third-party access in the North West Interconnected System, the Pilbara’s electricity network, ready for a cabinet decision in March 2018, in a move that would end years of impasse.
Fremantle-based seafood producer Mareterram has examined more than 30 potential acquisition opportunities in the past couple of years as it seeks to grow into a larger diversified business focused on protein.
About 1,400 square metres of capacity will be added at the Flux co-working hub run by Spacecubed, with the organisation planning to broaden its offerings in agtech innovation and virtual reality, while taking on an investment from property developer Hawaiian.
Two of Western Australia’s biggest power stations have earned after-tax profits of around $37 million in the 12 months to March, despite one of the generators being out of action, according to the annual report of their part owner.
The state government will be seeking to pile pressure on the Commonwealth to secure more defence industry spending in the west, according to Minister for Defence Issues Paul Papalia, as he hit out at his federal counterpart over a perceived lack of naval shipbuilding cash flowing to local players.
Fortescue Metals Group claimed today that a new power station built by Canadian company TransAlta Corporation at South Hedland had failed to achieve commercial production, while the miner also announced it would buy back a second power station it sold to TransAlta in 2012.
Three local resources companies have announced successful raisings worth a total of $12 million today, with uranium hopeful Vimy Resources, gold focused Explaurum and gold explorer Catalyst Metals all raising capital.
Commissioning has been completed today at a 150-megawatt gas power station in South Hedland built by Canadian energy company TransAlta, to power Horizon Power customers and Fortescue Metals Group’s operations.
GDP has bounced back from a poor showing in the September quarter with December quarter seasonally adjusted growth of 1.1 per cent, while Western Australia snapped a five quarter streak of shrinking state demand to grow 0.4 per cent.
The University of Western Australia Student Guild has dismissed a staff member over financial irregularities after bringing in forensic accountants from BDO to undertake a special analysis of its 2013 accounts.
Uber drivers using the service as a supplementary income should declare it to their primary employer, according to Minter Ellison partner Kathy Reid, after a driver who had worked during sick leave lost an unfair dismissal claim.
The Roe 8 road project will be cancelled if the Labor Party wins the upcoming state election, opposition leader Mark McGowan said today, even though the government has already signed a contract for construction, with $236 million of funding to be re-allocated to three alternative roads.
Transport Minister Dean Nalder has highlighted the social benefits of Roe 8 and touted the minimal environmental impact of the project at a lunch today, adding that the link would need to be built regardless of any move to an outer harbour.