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Tayler Neale

Tayler Neale was an online reporter at Business News. 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.  He joined Business News in 2017 and left to pursue further economic studies in 2019.

Canva raises $US40m

Perth-founded online design company Canva has raised $US40 million ($50 million) from private investors as it continues to expand on a global scale.

Morning Headlines

Rising cost of energy bites hard

$40m upgrade for Hedland airport

The private owner of Port Hedland International Airport has outlined plans for a $40 million redevelopment of the facility over the next five years.

Valmec buys APTS

Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.

Morning Headlines

Yowie chairman vows sweeter times ahead

Carey wins $2.5m Malaysian contract

Western Australian indigenous business Carey Training has been awarded a $2.5 million training contract with the Malaysian Institute of Technology Academy based in Kuala Lumpur for the next three years.

Morning Headlines

Blackham secures two-week reprieve

Dawson approves Sinosteel, rejects MinRes

The state government has today approved Sinosteel Midwest Corporation’s iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource’s planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.

MinRes revises $526m AWE takeover

Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.

MMA defends capital raising

MMA Offshore chairman Andrew Edwards has defended the timing of the company’s recent $97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.

Base in $US75m African purchase

Base Resources has announced that it will purchase a mineral sands project in Madagascar for $US75 million ($100 million) and tap investors for $100 million to fund the acquisition.

Volt makes $6m acquisitions

Volt Power Group has announced it will purchase a stake in two Western Australian mining services businesses for more than $6 million, while also raising $4.75 million through a share placement.

Halom abandons MMA meeting resolutions

MMA Offshore major shareholder Halom Investments has withdrawn its annual meeting resolution to remove the oil and gas company’s managing director Jeff Weber one day before the meeting.

Quintis chair under fire at heated meeting

Quintis chairman Dalton Gooding has come under fire from company founder and former chief executive Frank Wilson and other shareholders at a heated annual meeting today.

Agency Group buys Servtech businesses

Listed real estate firm Agency Group Australia, formerly Ausnet Financial Services, has acquired three arms of struggling tech company Servtech Global Holdings for less than $1 million, while also announcing a $3 million capital raising.

Citic hits 2017 target, outlines economic value

Perth-based CITIC Pacific Mining has hit its 2017 production target of 15 million tonnes of magnetite concentrate at its Sino Iron project in the Pilbara, while also releasing a study that shows spending of $51 billion in Western Australia over the next 40 years.

WA population growth remains subdued

Western Australia’s adverse population trends have continued in the 12 months to June, with overall growth of just 0.8 per cent while less people are coming from interstate and overseas.

Woodside installs battery power

Woodside Petroleum expects to cut costs and its environmental footprint after contracting ABB Group to replace one of the gas turbine generators at its Goodwyn A platform in the North-West Shelf with a battery storage micro-grid.

Panel rejects Tap application

The Takeovers Panel has rejected an application by Tap Oil claiming its two biggest shareholders had become associated, with the panel refusing to make a declaration of unacceptable circumstances.

Iluka approves $275m Cataby mine

Iluka Resources has approved its $275 million Cataby mineral sands project, which is set to provide 250 construction jobs, after securing offtake agreements for 85 per cent of production from the deposit.

Santos and Total in WA farm-in deal

Energy company Santos and French multinational Total have agreed to fund a 3D seismic survey, thought to be worth around $45 million, over Melbana Energy's Beehive prospect off the north coast of Western Australia.

Perth investors reject Finders takeover

Finders Resources has received the backing of some high-profile Perth investors in its opposition to a hostile takeover offer, with Euroz’s Tim Lyons, billionaire Ralph Sarich and Brettney Fogarty among a list of shareholders to have indicated they will not accept the 23-cents-a-share bid.

Short list for $47m freeway contract

Three engineering alliances have been shortlisted for a $47 million 'smart freeways' project that will use technology to convert the emergency lane on part of Kwinana Freeway into a full-time traffic lane.

Tellus waste facility gets EPA approval

The Environmental Protection Authority has recommended conditional approval for Tellus Holdings to develop a clay mine and waste storage facility at its proposed Sandy Ridge project in the Goldfields.

Cleanaway to buy Tox Free for $671m

The directors of Osborne Park-based Tox Free Solutions have decided to cash-in on 17 years of successful national growth by accepting a friendly $671 million takeover offer from waste management competitor Cleanaway.

Chinese group launches $463m AWE takeover bid

A Chinese state-owned energy company has stepped up its efforts to gain control of the Waitsia gas field north of Perth, launching a hostile bid today for oil and gas group AWE after withdrawing its proposal for a friendly takeover earlier this week.

WA lobster industry worth $282m

The western rock lobster industry contributes $282 million and around 900 jobs directly to the Western Australian economy with an overall impact of more than $500 million, a new report has found.

Finders major shareholder to reject offer

Finders Resources’ second-largest largest shareholder, Taurus Funds Management, has rejected a 23-cents-a-share bid for the copper miner by Indonesian group Eastern Field Developments.

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.

Lithium stocks up on funding deals

Shares in junior lithium explorers MetalsTech and Force Commodities have spiked after the companies announced funding and joint venture agreements, while European Lithium will tap investors to progress its lithium project in Austria.

$5m tech placements

Technology companies Syntonic and Family Zone are planning to grow their respective international customer bases after announcing separate $5 million share placements today.

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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.

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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.