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 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 mattmckenzie. I'd also like to declare that I'm a member of the Liberal Party.      

Headphone market growth echoes in Perth

Perth company Audiofly is hoping to replicate strong export sales during the past three years with the opening of a new store and headquarters on King Street in the city.

CFMEU under fire in Royal Commission report

The federal government’s Royal Commission into Trade Union Governance and Corruption has recommended criminal charges against a number of officials from the CFMEU and Health Services Union, while the government has also released terms of reference for a review of the country’s workplace relations framework.

Grain harvest to be 13mt

Western Australia’s grain harvest for this season will be around 13 million tonnes, as a result of lower than forecast yields in some areas.

BC Iron flags Iron Valley investments

BC Iron has announced it is working with Mineral Resources on potential new investments at the Iron Valley mining operation in the Pilbara, to improve its commercial viability.

WA population growth strong but slowing

Western Australia led the nation in population growth in the 12 months to June 2014, but the state has experienced the slowest growth rate in eight years, according to the Australian Bureau of Statistics.

CTI slides 10% on profit downgrade

Shares in transport and warehousing company CTI Logistics have dropped nearly 10 per cent today after a substantial profit downgrade.

RCR reaps $37.5m from properties sale

Engineering services company RCR Tomlinson has announced it will sell and lease back four properties for $37.5 million, with the proceeds to be used to pay down debt.

REL up 86% on takeover tick

Shares in Perth company Resource Equipment have climbed 85.7 per cent today after the board recommended a cash takeover offer valuing the company at $115.5 million.

Orbital in $10m note issue

Engine technology developer Orbital Corporation plans to raise $10 million via a convertible note issue to fund its acquisition of electrical product manufacturer REMSAFE.

SCEE latest in buy-back trend

Southern Cross Electrical Engineering is the latest WA based company to commence an on-market share buy-back, as the trend towards returning capital to the market continues.

Freight Link confirmed as WA’s first toll road

The state government will invest an additional $591 million to deliver the Perth Freight Link, including the Roe 8 extension, by 2019, with a plan to fund the investment through the first heavy vehicle user charge in the Perth metropolitan area.

IMX in $7m Tanzanian nickel sale

Mineral developer IMX Resources will sell part of its Ntaka Hill nickel mine to Mauritius-based private equity company Fig Tree Resources Fund II, with plans to use the cash to fund its nearby graphite project.

State to proceed with Perth Act

The state government is proceeding with plans to create a City of Perth Act as part of its reform of local governments, with cabinet approving the drafting of legislation to be released early next year.

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.



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.

EC&M into administration

Henderson-based electrical contractor EC&M has entered administration this morning, with about 400 staff to be temporarily stood down.

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.

Liquidation as pressure builds at Yagan Square

Two businesses at Yagan Square have shut up shop in recent weeks, with warnings more may follow as tenants grapple with low foot traffic.

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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.