Nicholas Clarke

Nic is the content researcher at Business News. He handles the research of new lists for BNiQ, as well as collecting and compiling corporate finance and directors' interest data. Nic is also responsible for the appointments section, and is usually the primary contact for those wanting to have their organisation added to the website and database. He joined Business News in 2015 after studying journalism, humanities and science at the University of Western Australia.

Atrum shares plunge on discounted offer

Atrum Coal shares almost halved in price after the company announced a heavily discounted entitlement offer to raise $5 million.

Navitas reports 39% NPAT increase

Perth-based education provider Navitas has announced a 39 per cent profit increase and unchanged dividend for the 2015 financial year.

Water Corp in $9.5m utilities projects

Water Minister Mia Davies announced the completion of one project and the start of two others to improve Water Corporation services at Perth’s northern edge and in the Wheatbelt.

Heron receives up to $20m funding

Heron Resources has announced an equity funding package with London-based private equity fund Greenstone Resources of up to $20 million.

iiNet share election scaled back

iiNet shareholders have shown their continued interest in the business, with a large number choosing to take TPG’s share offer rather than cash.

BC Iron cuts costs but flags impairment

BC Iron has released its quarterly activities report, announcing successes in cutting costs but has foreshadowed a future impairment.

Fleetwood in $62m deal with state

Fleetwood Corporation shares jumped today after the company sold the Osprey key worker village in Port Hedland to the government for $62.2 million, which will be used to reduce its net debt to zero.

SCEE announces $9.4m loss

Southern Cross Electrical Engineering shares jumped nearly 13 per cent today to their highest price since March, after the company announced an annual loss but maintained its dividend and was cautiously positive about its outlook.

Pact begins $58m Bethanie development

Pact Construction has begun work on Bethanie’s $58 million aged care facility in Gwelup.

Iluka, BHP renegotiate royalties

Iluka Resources has agreed to new royalty terms with BHP Billiton. The new agreement concerns Iluka’s in-perpetuity royalty over iron ore production in parts of BHP’s Pilbara mining area C (MAC).

Mpire shares climb with June results

Shares in online advertising business Tech Mpire have continued their steep ascent of the last two weeks, ending the day up 11 per cent after the company announced an 83 per cent increase in monthly revenue for June.

KDL's $14.6m upgrade to Botswana mine

Kimberley Diamonds has announced that it is injecting $14.6 million into its Lerala diamond mine in Botswana, less than three weeks after it abruptly closed its Ellendale mine with its workers left out pocket.

Austin in $31.6m equity raising

Mining services company Austin Engineering has launched a $31.6 million entitlement offer through broking firms Argonaut and Bell Potter, with the proceeds to be used to reduce debt.

DUET makes $1.4bn takeover bid

Energy utility owner Duet Group is set to become a bigger player in the WA market, after announcing an agreed $1.4 billion takeover of remote power producer Energy Developments.

Buru begins Ungani production

Buru Energy has started commercial oil production at its onshore Ungani oilfield, and begun exploration drilling at a second site.

AHG to sell Covs for $45m

Automotive Holdings Group has announced an agreement to sell its Covs Parts business to GPC Asia Pacific for between $43 million and $45 million.

Leopard to acquire communications firm

West Perth exploration company Leopard Resources has announced an agreement to acquire a Silicon Valley wireless technology business.

Deregulation of regional flights slowed

The state government has decided to maintain regulation of regional aviation at a higher level than had been recommended in a review last year.

BMG considers FitLink chase

Perth exploration company BMG Resources (formerly Brazilian Metals Group) has announced a non-binding heads of agreement for the possible acquisition of Brisbane-based online fitness training accreditation business FitLink.

WA to lead ICT growth

A Deloitte Access Economics study indicates that Western Australia will have the highest growth in information and communications technology workers of any state over the second half of the decade, growing an average of 3.9 per cent per annum to a projected total of 60,605 ICT workers in 2020.

Atlas Iron extends offer

Atlas Iron has extended the closing date of its $180 million capital raising at the eleventh hour.

Talisman raises $8m

Talisman Mining has raised $8 million to fund ongoing work at its copper-gold and nickel projects.

CCIWA says confidence down

Seventy-five per cent of local businesses and 56 per cent of consumers believe the economy will deteriorate over the course of the new financial year.

Elemental raises $5m

Potash mining company Elemental Minerals has announced the completion of a $4.98 million private placement.

Resolute up on production result

Resolute Mining has outperformed its own expectations in both production costs and volume, which has more than doubled the company’s cash on hand in the final quarter of the financial year.

Northern Star gets cashed up

Northern Star Resources says a record June quarter brought its free cash flow for the 2015 financial year to an unaudited $183 million.

Swick flags $25m impairment

Drilling contractor Swick Mining Services has flagged an impairment of up to $25 million in its full-year result, on the back of troubled times in the mining services sector and the low use of its assets.

Lambright takes helm of ATCO

ATCO Australia has announced the appointment of Bobbi Lambright as its new managing director and chief operating officer, replacing Wayne Stensby in the Perth-based role overseeing a major energy utility and mobile accommodation builder.

Centaurus sells Brazilian mine for $1.7m

Centaurus Metals has announced that it is selling its Candonga DSO iron ore project in Brazil to the Brazilian group Ecosinter for R$4 million (A$1.69 million).

No change at Tourism WA helm

Peter Prendiville and Howard Cearns will continue as Tourism WA chair and deputy chair respectively for another three year term, Tourism Minister Kim Hames announced today.

RNI loses managing director

Royce McAuslane has resigned as managing director of gold miner RNI, having only served in the position since November last year.



Marcus Michael passes away

Perth-based company director and accountant Marcus Michael, who worked with multiple mining and exploration companies, passed away last Thursday at the age of 48.

NRW wins $140m Rio contract

Belmont-based NRW Holdings has been awarded a $140 million contract with Rio Tinto.

Monadelphous wins $130m in contracts

Perth-based engineering and construction company Monadelphous today announced new contracts worth $130 million.

Raw Hire to cease hire services

Raw Hire will close its Pilbara vehicle hire operations in response to the mining slow down.

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Liberty raises $5m for IT move

Liberty Resources has completed a $5 million capital raising that marks one of the final steps in its reverse takeover of IT company Cirrus Networks.

Marcus Michael passes away

Perth-based company director and accountant Marcus Michael, who worked with multiple mining and exploration companies, passed away last Thursday at the age of 48.

Agriculture businesses bounce back

The number of small business operators in Western Australia has risen by 5.8 per cent over the year to February, well ahead of the national average of 1.4 per cent, the Bankwest Business Trends report

Kennett and Malone join Seven

Seven West Media has made four new board appointments including former Victorian premier Jeff Kennett and iiNet founder Michael Malone.