Staff reporter

Appointments for week ending July 8

New CEO for Perth Glory Perth Glory has appointed Peter Filopoulos as its new chief executive, following Jason Brewer’s resignation in April.

African Energy puts coal asset up for sale

Local junior miner African Energy Resources has entered into an agreement for the potential sale of its Mmamantswe coal project to a South African project developer for up to $US20 million ($A26 million).

Tempo wins $5m in new work

Mining services company Tempo Australia has been awarded about $5 million in new work and contract extensions for mining giants BHP Billiton and Rio Tinto’s Pilbara operations.

Valmec wins $7.5m in contracts

Engineering and construction group Valmec has won several contracts with undisclosed clients, worth a combined $7.5 million.

EPA gives tick for Rio mine extension

The environmental watchdog has given its nod for Rio Tinto’s proposed extension of the West Angelas iron ore project in the Pilbara.

New leaders for Gold Corp

The state government has appointed Donald Mackay-Coghill as chairman of Gold Corporation and Richard Hayes as chief executive, effective from next month.

MOKO raises $6.8m

Perth-founded technology business MOKO Social Media has raised $6.8 million through the exercise of share options.

Reward raises $5m for potash project

The Michael Ruane-led minerals explorer Reward Minerals has received firm commitments for a $5.2 million capital raising to fund ongoing work at its LD potash project in the Little Sandy Desert.

Sandfire makes Springfield find

Shares in Sandfire Resources were firmer on news it had intersected a zone of sulphides at its Springfield project in the Bryah Basin mineral province.

Helix signs earn-in agreement

Local minerals explorer Helix Resources has offered a 50.1 per cent stake in its Joshua project in Chile to EPG Exploration Fund, in exchange for drilling services and about $3.9 million.

State govt brings $10m for new bridge

The state government is providing $10 million to fast-track the replacement of a traffic bridge over the Murray River south of Pinjarra.

Kasbah cuts board and staff, raises $3m

Local minerals explorer Kasbah Resources has received commitments for a $3 million capital raising, while also announcing a range of cost reductions including cutting executive pay, reducing staff and restructuring its board.

Austal to build catamaran for Asian operator

Shipbuilder Austal has won a $26 million contract to build a high-speed catamaran crew boat for an unnamed operator based in South-East Asia.

Empired wins $15m job

Perth-based IT firm Empired has won a contract to provide managed services to a Singapore-headquartered oil and gas company, in a deal worth $15 million.

Expert rules iiNet takeover fair

iiNet chairman Michael Smith has welcomed an independent expert's review of TPG Telecom's proposed $1.6 billion takeover of the Subiaco-based internet services provider.

Hot Chili raises $8m for copper project

Chile-focused copper explorer Hot Chili has received firm commitments for an $8.1 million capital raising to fund ongoing work on its Productora project.

ASG wins $15m in new contracts

Local IT firm ASG Group has won a number of contracts with customers in NSW, worth a combined $15 million.

HealthEngine reaches 1m appointments

Perth-based online health directory and booking service HealthEngine has reached a new milestone, with the company making its one millionth online booking through its application.

Crowley banned for 12 months

Fremantle Dockers player Ryan Crowley has been suspended for 12 months after he tested positive to a banned substance in last year's season.

CTI to buy GMK Logistics for $27m

West Perth-based trucking company CTI Logistics has acquired an unlisted Sydney-based logistics business with national reach, in exchange for a cash and share package worth $27 million.

WA credit rating outlook downgraded

The outlook on Western Australia's AA+ credit rating has been downgraded from stable to negative, with Moody's Investor Services saying the government needs to fortify its commitment to budget improvements.

DTI wins contract in Cape Town

Technology company DTI Group has won a contract to supply its video surveillance systems for buses in Cape Town, South Africa, for an undisclosed sum.

Kin raises $3m for Leonora

Kin Mining has announced a $3 million capital raising to fund a pre-feasibility study on its recently acquired Leonora gold project.

Premier, ministers sign South West land use deal

The state government has signed six historic indigenous land use agreements covering 200,000 square kilometres of the South West of Western Australia.

Paganin joins SCEE board

Former GMP Securities managing director Karl Paganin has joined the board of Southern Cross Electrical Engineering, after half of the company’s board walked out last month.

Hazelwood to raise funds for ferrotungsten project

Perth-based ferrotungsten miner Hazelwood Resources has kicked off a $12.8 million capital raising to repay debt and expand production at its ATC joint venture facility in Vietnam.

Pan Asia sells flagship project for $28m

Shares in Subiaco-based coal miner Pan Asia Corporation skyrocketed on news it had sold its flagship TCM project to a Singapore firm for about $28.8 million.

Gold Road raises $39m for Gruyere

Gold Road Resources has raised $39.3 million in an oversubscribed placement and is now fully funded to complete a feasibility study on its Gruyere project east of Laverton.

Civmec secures $68m in contracts

Henderson-based engineering and construction firm Civmec has been awarded a number of contract wins and extensions, including more work on the new Perth Stadium, with a combined value of $68 million.

DBP signs $245m debt facility

DBP Transmission, the owner and operator of the Dampier natural gas pipeline, has signed up for a $245 million, seven-year debt facility with a Japanese bank.

Austal wins $44m contract

Shipbuilder Austal has won a $44.5 million contract to build a 70-metre crew boat for an Azerbaijan-based marine services business.



Morning Headlines

Union settles with BGC over case of the concrete pour

State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Vale Shane Gherbaz

Former stockbroker and the founding managing director of Euroz, Shane Gherbaz, has passed away after a battle with illness.

Brierty bags $300m contract

Brierty and three Aboriginal contracting firms have won a $300 million contract with Rio Tinto to complete mining and civil works on a project in the Pilbara.

most commented

State govt starts legal action against Uber

Legal action is being taken against ride-share company Uber for not having the appropriate licence to operate in Western Australia.

Rinehart comments an 'insult': Swan

Treasurer Wayne Swan has slammed mining magnate Gina Rinehart for insulting Australian workers after she called for a cut to the minimum wage and accused people of being jealous of the wealthy.

Rayney sad his wife's killer is still free

Acquitted murder suspect Lloyd Rayney has spoken of his sadness that his wife's killer is still at large, rather than the relief he feels at being cleared of killing her himself.

Leighton/Georgiou consortium wins Gateway works

A consortium led by Leighton Contractors and Georgiou Group has been chosen by the state government to deliver its $1 billion-plus Gateway WA project.