Search

Tayler Neale

Tayler Neale is the online reporter at Business News. He also reports on junior mining and the business of sport.  Tayler completed a bachelor of commerce and a bachelor of economics at the University of Western Australia in 2015, majoring in corporate and investment finance, international business economics and money and banking. He previously worked as a journalist at the Albany Advertiser. 

Sayers set to retire

Ausdrill managing director Ron Sayers has announced his retirement after 30 years at the helm of the mining services company he founded.

Arrow raises $5.2m in JV and placement

Arrow Minerals (formerly Segue Resources) has received $5.2 million through a joint venture agreement and equity investment from nickel and gold producer Independence Group, along with a capital raising to fund its gold and lithium projects in Western Australia.

Botanix in $15m raising

Medical dermatology company Botanix Pharmaceuticals has raised $15 million through a strongly supported share placement, with the proceeds set to be spent on developing its lead product for acne.

New Mustera fund buys $16.5m centre

North Fremantle-based Mustera Property Group has announced the launch of a new fund, with its first purchase being a $16.5 million shopping centre in Perth’s southern suburbs.

1-Page buys German cannabis group

ASX-listed 1-Page, which has cash reserves of $25 million, is set to acquire a German medicinal cannabis company in a cash-and-scrip deal.

GAM plans tantalum mining

Global Advanced Metals has submitted a development plan to begin direct tantalum mining at Greenbushes in Western Australia’s South West, as it continues legal proceedings against the company that mines lithium at the same site.

House prices fall in January

Perth house prices fell 0.4 per cent in January, according to the latest data from CoreLogic, though its figures have disguised big gains in some of Perth’s more affluent suburbs.

Tap loses four directors

Tap Oil has announced the resignation of four of the company’s directors, including executive chairman James Menzies and Peter Mansell, with two nominations from major shareholder Risco Energy Investments appointed as replacements.

Mod releases positive PFS

Copper explorer MOD Resources has released a favourable pre-feasibility study for an open-pit mine at its T3 project in Botswana, which has an estimated annual free cash flow of $US77 million ($95 million).

WA building approvals down, Perth unaffordable

Building approvals in Western Australia have dropped to the lowest levels in 16 years, according to the latest figures from the Australian Bureau of Statistics, while a new housing affordability survey has labelled the Perth housing market ‘severely unaffordable’.

Perth to host World T20 fixtures

Perth has been selected to host 11 matches during the International Cricket Council World T20 tournament in 2020, in line with the country’s other major cities.

De Grey secures Pilbara gold project

Local explorer De Grey Mining will proceed with a $15 million acquisition of the Indee gold project, located near Port Hedland, from private company Northwest Nonferrous Mining Australia.

Vimy, Toro release study results

Uranium explorer Vimy Resources has released a positive definitive feasibility study for its Mulga Rock project, located east of Kalgoorlie, but the report is based on the assumption of a near tripling in the current uranium spot price by 2021.

Botanix up on study results

Shares in medical dermatology company Botanix Pharmaceuticals, led by Perth-based chairman Graham Griffiths and executive director Matt Callahan, have jumped more than 20 per cent today after the company announced successful results from an acne patient study.

GR Engineering to continue legal action

GR Engineering Services says it will continue to pursue legal action against Eastern Goldfields in relation to a contract for refurbishment at the miner’s Davyhurst operation, despite the Supreme Court yesterday referring the matter to arbitration.

eSense spill move

A group of shareholders in life sciences company eSense-Lab has requisitioned a general meeting to remove three directors, including chief executive Haim Cohen, while also seeking to appoint MMJ Phytotech managing director Andreas Gedeon and Otsana Capital founder Faldi Ismail to the board.

App/tech business of the week- ProGolfMe

ProGolfMe app makes it easy for students to play their best golf by giving them access to a world-class coach.

Perth miners raise $33m

Four Perth-based miners have tapped investors for more than $30 million, with Panoramic Resources raising $20.9 million for its Savannah nickel project in the Kimberley.

Perth Airport wins contractor dispute

Construction company Built Environs has failed in its attempt to claw back $14.5 million of performance bonds used by Perth Airport to cover liquidated damages associated with development of the new terminal buildings in 2015.

FMG makes Bloomberg gender equality index

Fortescue Metals Group has been included in a worldwide gender equality index created by data services giant Bloomberg.

No crowd cap for Optus Stadium

The state government has confirmed that a crowd cap will not be required for the Perth Scorchers Big Bash League semi-final at Optus Stadium, with a number of incentives in place to entice 15,000 fans to arrive early.

Po Valley in 3-way energy merger

Perth-based oil and gas explorer Po Valley Energy has agreed to sell its assets in northern Italy, including the Selva gas field, in a share purchase agreement worth about $21 million.

WhiteHawk completes $4.5m IPO

Shares in US-focused cybersecurity company WhiteHawk will begin trading on the ASX tomorrow after the company completed a $4.5 million initial public offering using Perth brokers and advisers.

EPA to review Wheatstone emissions

Chevron said today it was disappointed with the state government's decision to commence a review of greenhouse gas emissions at the company's recently commissioned Wheatstone LNG project.

Tiger to sell DRC assets for $US260m

Perth-based Tiger Resources has sold its assets in the Democratic Republic of Congo, including its Kipoi copper project, to a consortium of Chinese investors for $US260 million ($325 million).

Construction at new museum under way

The state government has signed the stage two agreement for Western Australia’s new $428 million museum with managing contractor Multiplex, construction of which is scheduled for completion in mid-2019.

Premier hopeful no crowd cap needed at stadium

Premier Mark McGowan is confident an attendance cap at Optus Stadium for a potential Big Bash League semi-final will not be required, following yesterday's successful community open day at the 60,000-seat facility.

Battery secures 60% offtakes

Battery Minerals has locked in offtake agreements for 60 per cent of the forecast annual production at its Montepuez graphite project in Mozambique after announcing a supply deal with a Chinese company today.

Po Valley soars on gas discovery

Shares in Perth-based oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Nacap wins WA pipeline contract

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Tietto, BlackEarth raise $11m in IPOs

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

Pages

Most-read

Terrace Hotel set to close down

The Terrace Hotel, which restored the heritage St Georges House in 2012, is set to shut its door from tomorrow afternoon, Business News understands.

Perth accountant pleads guilty to fraud

Perth accountant Neil Alessandrino has pleaded guilty to a rolled-up fraud charge in the District Court this week.

Western suburbs house prices set to rise

Moody’s Analytics is forecasting continued weakness in Perth's residential property market this year but a return to positive growth in 2019, with Perth’s western suburbs and Mandurah tipped to be the best-performing regions.

Perth house prices on the way up

Perth house prices were up 0.3 per cent in March, and have risen in four of the past six months, according to the latest data from CoreLogic, adding to hopes of a sustained improvement in the residential property market.

most commented

Design change for Swan River bridge

The state government has approved design alterations to the Swan River pedestrian bridge in an attempt to cut $4 million in construction costs, while also announcing further delays to the bridge’s opening date.

Margaret River Gourmet Escape set to end

Western Australia's premier food and wine event, Margaret River Gourmet Escape, will be held in its current form for just one more year, with the state government planning a reconfigured event that includes the Swan Valley in 2019.

Byrnecut slams payroll changes

Byrnecut executive chairman Steve Coughlan has slammed the state government’s decision to crack down on payroll tax exemptions, saying his company will no longer receive the exemption for courses being undertaken by 1,200 employees.

Crowdfunding available for startups

UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.