Western Australian grain growers have had one of their best ever years, with 16 million tonnes moving through cooperative handler CBH Group’s network, about 400,000 tonnes above August estimates.
Fremantle-based Ocean Grown Abalone has been granted a licence to develop 5,000 artificial reefs to harvest greenlip abalone at the company’s Flinders Bay lease, located in Augusta.
Andrew Forrest’s agribusiness portfolio is set for a big expansion, with his Harvest Road Group planning a 60,000 head per year cattle development worth up to $50 million in the wheatbelt.
The state government has assured fishing industry representatives it has no plans to change how it determines catch limits across the sector after a surprise move last week to create, and take control of, new licences for local lobsters.
Exporters have agreed to place a three-month moratorium on sheep exports to the Middle East, months after TV footage revealed poor conditions on board a live export vessel departing Fremantle.
Wellard shareholders have given the cattle exporter’s remuneration report a strike for the second time in three years at today’s annual meeting in Fremantle.
Shark Bay shellfish producer Mareterram is set to report a fall in earnings for 2018 due to a significant reduction in prawn catch compared with last year.
The production ramp-up at iron ore miner Roy Hill Holdings has helped the company lift annual profit by 69 per cent, in turn boosting the annual earnings of its major shareholder, Gina Rinehart’s Hancock Prospecting.
The $145 million Quintis recapitalisation deal was completed today, handing control of the sandalwood company to its creditors, led by US group Blackrock.
Fremantle-based seafood wholesaler and jewellery manufacturer MG Kailis Group has achieved its second consecutive year of profits, after a decade of losses, despite a 14 per cent fall in revenue.
Melbourne-based Delta Group has been awarded two contracts in Western Australia, with a $4.2 million demolition job for the state government and work for CBH Group.
SPECIAL REPORT: The state’s agriculture sector has been ruffled by falling exports and revenues, coupled with growing animal welfare concerns and international competition.
SPECIAL REPORT: Gold Corporation, Alcoa, Roy Hill and Chevron have all posted higher revenue numbers in Business News’ annual analysis of WA’s biggest exporters.
WAMMCO has signed on Queensland-based ReNu Energy to build a 3.1-megawatt bioenergy and solar facility at the sheep meat producer’s Katanning abattoir.
ASX-listed Huon Aquaculture has been granted a license to operate an aquaculture farm off Geraldton, while Fremantle-based Ocean Grown Abalone has awarded a $2.7 million contract to build a processing facility in Augusta.
Bunbury-based CipherTel has won the latest round of state government grants to deliver high-speed broadband to areas not adequately covered by the National Broadband Network.
