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Matt Mckenzie

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.

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If you need to get in touch with me anonymously or through an encrypted service, you can contact me on Wickr at mattmck0. I'd also like to declare that I'm a member of the Liberal Party.      

Boom Logistics hit by downturn

Crane hire company Boom Logistics is relying on staff cuts and surplus asset sales to pay down debt amidst challenging market conditions, the company said today.

Power prices need competition: providers

The state’s private electricity providers have warned that an unfavourable result in the Energy Market Review could cause problems for independent operators, ultimately stifling competition and putting pressure on power prices.

Panoramic joins buy-back list

Nickel miner Panoramic Resources has joined the list of Western Australian companies returning cash to investors through share buy-backs.

MRC in legal dispute

Mineral sands developer Mineral Commodities has become the subject of action in the High Court of South Africa, after a dispute over a garnet deposit at its Tormin operations.

McKay to head Skilled

Skilled Group has recruited senior Asciano executive Angus McKay as its new managing director.

O’Connor leaves TFS

Director of sandalwood producer TFS Corporation Patrick O’Connor has resigned from the board today, just weeks after stepping down as chairman as the company continues a refreshing of the board.

Viento halted for Powins dispute

Mining services provider Viento Group has entered a trading halt after a legal dispute with a minority shareholder in its 65 per cent owned subsidiary, Power Infrastructure Services.

Range Resources in reshuffle

Shares in Range Resources have been suspended from quotation after two directors resigned from its board, pushing it below the level required under corporate law.

Heron, Sprott seal ceasefire

Just weeks after Canadian shareholders challenged its current board, shares in Heron Resources were driven up 13 per cent on news that a peace deal had been arranged.

BHP hits billion tonnes China milestone

Mining giant BHP has celebrated the export of its billionth tonne of iron ore to China, after a relationship of more than four decades, but the next billion is not far off.

Takeovers hot up in Asian oil market

Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy’s share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.

Doray up on Andy Well find

Gold producer Doray Minerals was up more than 26 per cent today after confirming high grade gold results at its Andy Well mine, saying it confirmed the potential of extensions to the mine’s life.

Bank to chase Great Southern investors

Two thousand investors in failed Great Southern managed investment schemes will be forced to repay their loans after the Supreme Court of Victoria upheld a settlement that will see the investors get back just $23.5 million.

New leadership at Lucapa

Former executive chairman of the Kimberley Diamond Company, Miles Kennedy, has left the role of managing director at Lucapa Diamond Company as part of a board restructure.

Silver Lake mill sale canned

Silver Lake Resources has cancelled the $5.5 million sale of its Lakewood Mill near Kalgoorlie, after the buyer was unable to secure financing.

BC Iron cuts costs at Nullagine

Redundancies and cuts to directors’ fees have helped BC Iron secure cost reductions at the Nullagine joint venture.

RDG secures Killarnee contracts

Resource Development Group has been assigned two construction contracts for Chevron’s Gorgon LNG project, following the demise of Killarnee Civil & Concrete Contractors.

LNG Ltd moves for US approval

A subsidiary of Perth company Liquefied Natural Gas has filed for a permit to export gas from the US to a planned LNG plant in Canada.

Doray, Alloy up on drill success

Mt Pleasant-based gold junior Alloy Resources is up 28.6 per cent today after a find at its Horse Well joint venture with Doray Minerals.

Jobs market to strengthen in 2015

Jobs are back on the agenda for employers in 2015, with Hudson Recruitment’s latest report on hiring intentions showing positive signs, while research from hiring website Indeed has found that unfilled jobs cost Australian $6.7 billion annually.

IMX up on nickel interest

Shares in explorer IMX Resources have rocketed up 30 per cent after the company announced it had received expressions of interest for its Ntaka Hill nickel project in south-east Tanzania.

Blackgold proceeds with note raising

Blackgold International Holdings has negotiated terms for a $S25 million ($A22.9 million) convertible bond issue, to supplement working capital and for acquisitions.

Onslow gets new hospital, airport upgrade

Onslow will receive a new hospital and complete its airport redevelopment following the state government’s announcement of two new funding packages today.

Tempo wins Santos contract

Engineering, maintenance and construction provider Tempo Australia has announced its subsidiary, Tempo Construction and Maintenance, has won a contract with Santos for provision of labour trade resources at its operations in the Cooper Basin.

Gold miners to feel the heat

The latest numbers from Western Australia’s listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state’s royalty system might erode margins beyond break-even.

Oilex up on well test success

Oil explorer Oilex has achieved a 20 per cent increase in its share price today, after announcing a successful well test at its Cambay-77H well.

Toro in $3.9m raising

Western Australia’s first ever uranium mine could be a step closer towards completion, with uranium developer Toro Energy completing a $3.9 million raising to fund its Wiluna project.

WA miners out in index reshuffle

Western Australian companies are on the outer in the quarterly reshuffle of the S&P ASX indices, with local players including Iluka Resources and Medusa Mining dropping out.

Vehicle sales hit brakes

New vehicle sales in Western Australia continue to perform far below last year, with year-to-date sales down 7.9 per cent for the same period in 2013, according to new figures from the Federal Chamber of Automotive Industries.

Leasing to pick up, WA left behind

Leasing of capital equipment is expected to pick up in the New Year, with three in 10 businesses intending to acquire assets in the March quarter, according to data released by hire company Alleasing.

Northern Star strikes gold

Local gold producer Northern Star Resources has announced a substantial discovery at its White Feather project, near its existing Kanowna Belle gold mine.

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WA returns to growth as Australia avoids recession

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.

Financial probe for student union

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.

Warning to Uber moonlighters

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.

$130bn of major projects in WA

Nearly 140 major projects are either under way or planned for WA, new research by Business News has found. Click through to access the new list on the BNiQ Search Engine.

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McGowan to cancel Roe 8

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.

Nalder makes fresh freight link pitch

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.

Green light for Kwinana lithium plant

A $400 million lithium processing plant to be built in Kwinana has got the green light, with West Perth company MSP Engineering to act as head contractor.

Feds back unconventional drilling

Resources Minister Josh Frydenberg said the federal government would be pushing states to remove moratoriums on unconventional gas extraction, including fracking, he told the LNG 18 conference today.