Nicholas Clarke

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

Perth-based medical cannabis company Phytotech Medical has completed its $20.7 million merger with Canada-based firm MMJ Bioscience and raised $4.8 million in an oversubscribed placement to sophisticated investors.

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

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

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

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.

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).

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.

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.