Tayler Neale

Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.

Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.

The $6 billion Balla Balla infrastructure project has experienced two setbacks, with the deadline for meeting its obligations under a State Agreement extended by 18 months and recent exploration work failing to live up to promise.

Three telco groups, including TPG and UK-based Dense Air, have spent $19 million securing 5G spectrum lots in Western Australia as part of an auction run by the Australian Communications and Media Authority.

Shares in robotics company FBR fell nearly 15 per cent today to their lowest point since June 2017, adding to a string of losses since it announced the termination of its strategic alliance with Caterpillar and a shift in strategy.

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

Perth-based Keslake Group has won a $6.5 million state government contract to build a 2.8-kilometre bicycle path alongside the Fremantle railway line.

thyssenkrupp Industrial Solutions Australia will design and build the world’s largest rail-mounted stackers in Western Australia after winning a $250 million contract for BHP Group’s $4.6 billion South Flank iron ore project.

Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.