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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.      

Record grain rebate: CBH

Western Australia’s grain handling cooperative CBH Group has announced a record $4.55 per tonne growers’ rebate after a year of strong harvest last financial year.

Education leaders call for reform

Vocational education and training needs more funding and recognition according to business leaders in the sector, who met in Perth this week.

Katana achieves stellar year

Sharp timing on commodities stocks has helped drive a strong result for investment manager Katana Capital, with a 187 per cent increase in revenue to $8.3 million, from $2.8 million the previous financial year.

Silver Lake sees red ink in gold

Silver Lake Resources continues to be buffeted by a low gold price, with operating losses at its Murchison operation and impairments dragging it to a $170 million loss.

Market upheaval spurs innovation at HHG

The GFC and new technology have put increasing pressure on law firms, but local firm HHG Legal Group is taking the opportunity to tailor a new service for the middle segment of the market.

Monkey’s business is child’s play

What started as a hobby is developing into something Funky Monkey Bars creator Shane Roberts calls “Ikea, but for playground equipment”.

Perseus in the red

Movements in the US dollar and Ghanaian Cedi relative to the Australian dollar have combined with lower gold production and higher costs to drive Perseus Mining into losing territory.

Mirabela faces uncertain future

Mineral explorer and developer Mirabela Nickel still faces uncertainty as a going concern after coming out of administration in June, on the back of lower than expected nickel prices.

Fleetwood net profit down 99%

Caravan and accommodation manufacturer Fleetwood Corporation has revealed a 99 per cent fall in net profit to $76,000.

WAFarmers to tap milk

Agricultural lobby group WA Farmers will be releasing its own milk brand in November, with proceeds used to support market development in the farming industry.

Swick net profit down 83%

Drilling services provider Swick Mining Services has released its earnings and dividend for the 12 months to June 30, with net profit after tax down 83 per cent year-on-year to $1.5 million.

SCEE wins $70m CITIC contract

Southern Cross Electrical Engineering has won a $70 million electrical and instrumentation works contract from CITIC Pacific for its Sino Iron project at Cape Preston, adding to a $10 million job won two weeks ago.

Austal wins $100m joint contract

Ship builder Austal has won a joint contract of up to $100 million with General Dynamics for provision of modernisation services to the US Navy’s Freedom and Independence class littoral combat ships.

Hayley Goad best in beef

Roleystone woman Hayley Goad has been selected by the Cattle Council of Australia as WA Beef Industry Rising Champion, and will head to Canberra for the NAB Agribusiness Beef Industry Rising Champions Initiative national final.

Aquaculture zone open: Baston

Fisheries minister Ken Baston has announced a new aquaculture development zone off the coast of Broome, to facilitate large scale fish farms.

Fleetwood struck by $5m impairment

Vehicle part and caravan manufacturer Fleetwood Corporation has announced a $5 million earnings drop as a result of challenging demand circumstances for recreational vehicles.

Atlas hit by $25m impairment

Iron ore exporter Atlas Iron has taken a $25 million hit to earnings as a result of restructuring and valuation changes to its Centaurus Metals investment.

Beef Futures to benefit state’s north

The state government has today unveiled the Northern Beef Futures project, a $15 million investment in supply chain and trade development that it says will have a flow on benefit of half a billion dollars across the community.

RCR profit climbs 22%

Engineering and infrastructure company RCR Tomlinson has returned a fifth straight year of revenue growth, delivering a statutory net profit after tax of $43.3 million.

All Perth’s people better off, some better off than others

A recent report has found that while incomes have risen across Perth’s suburbs, some areas have struggled to keep up with the average.

Jobs market facing transition: Bankwest

Western Australia’s labour force will increase 30 per cent to 1.75 million by 2025, with the highest annual employment growth projected in agriculture, health care, education and accommodation/food services, according to a report released today by the Bankwest Curtin Economics Centre.

Bankwest releases monthly snapshot

Whilst the Reserve Bank’s next move is still likely to be up, the chance of a cut has increased in the last few months, according to Bankwest’s monthly economic and financial market snapshot.

Positive outlook for WA farmers

Western Australian farmers benefited from low interest rates, good crop yields and timely strength in commodity prices in the most recent financial year, according to the Planfarm Bankwest Benchmarks 2013-14.

Doray to take $50 million impairment

Gold explorer and developer Doray Minerals will take an earnings hit of between $40 million and $50 million due to a fall in the Australian dollar gold price.

Imdex registers $5m loss

Drilling services and products supplier Imdex has been hurt by subdued activity in the minerals sector, with a net loss after tax of $5.3 million.

Carnarvon shares rocket on major find

Oil and gas exploration company Carnarvon Petroleum has announced a major oil discovery on the North-West Shelf, which it claims represents the largest in Australia for 30 years.

Golden Rim to raise $3m

Gold and mineral explorer Golden Rim Resources has announced a $3 million placement, managed by Sprott Private Wealth, for exploration in Burkina Faso and working capital.

Record cattle production: ABS

Cattle production was an Australian record in the June quarter, according to the Australian Bureau of Statistics.

Mincor back in black

Nickel miner Mincor Resources has released its full year results, revealing a net profit after tax of $1.85 million, a turnaround of more than $20 million from the previous financial year.

Black Fire, Australian Mines raising capital

Black Fire Minerals has completed an $810,000 share placement to complete its reverse takeover of mobile game developer Animoca Brands Corporation.

Lend Lease wins $62m freeway deal

Lend Lease has been selected to expand the Kwinana Freeway south of Roe Highway, in a $62 million contract announced by the state and federal governments today.

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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.