Matt Mckenzie joined Business News in June 2014 and reports on projects, energy, agribusiness, infrastructure, small business, 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. In 2018, Matt won a WA Media Award for business reporting.
Perth mining hopeful Acacia Coal will buy a 74 per cent interest in a South African metallurgical coal project from a subsidiary of Rio Tinto and undertake a $2 million capital raising, it announced today.
The head contractor on the Roy Hill project has won two out of five determinations in the latest instalment in its legal dispute with sub-contractor Duro Felguera today, but Samsung C&T was still told to pay Duro $12 million out of more than $60 million that had been sought.
A $400 million lithium hydroxide plant to supply the battery industry will bring highly skilled technical and scientific jobs with it, Premier Colin Barnett said at the facility’s groundbreaking ceremony today in Kwinana.
South Australian mining junior Flinders Mines has announced a capital raising of $5 million, with the company to put the cash towards a loan repayment and tenement expenditure commitments at its Pilbara iron ore project.
The state’s five port authorities posted substantially lower net incomes in the 2016 financial year but were still in the black by $223 million, according to annual reports tabled in parliament in recent weeks.
Subiaco-based minerals explorer Avanco Resources has signed an earn-in agreement with Canadian Jaguar Mining for the Gurupi gold project in Brazil, while Spitfire Materials has acquired 100 per cent of a gold project in Western Australia.
Continuing investment in major resources projects nearing completion contributed $35 billion to the Western Australian economy in 2015-16, around two thirds of Australia’s resources investment spend in the year, according to the Department of Mines and Petroleum.
Western Australia is emerging as a market leader in the uptake of microgrid technology in electricity markets, with recent announcements by Horizon Power and Carnegie Wave Energy part of broader moves across the sector.
More than half of the electricity used in the Pilbara town of Onslow will be sourced from renewable sources by 2020, with the state government today announcing it will be home to Australia’s largest distributed generation microgrid.
South32 Australian chief operating officer Ricus Grimbeek has pointed to the company's share price performance against BHP Billiton to show that its assets shouldn't be considered poorer quality, speaking at a WA Mining Club lunch today.
Falling private sector investment in heavy industry and electricity generation were major contributors to a big drop-off in total construction and engineering work in Western Australia in June, down 21.7 per cent quarter on quarter to $6.75 billion.
Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.
The state’s budget position for the 2016 financial year has come in nearly $700 million better than was initially forecast when it was released in May last year, but still in the red to the tune of $2 billion, with revenue $915 million down on the previous year.