News

Two companies pursuing ambitious waste-to-energy projects in WA remain positive despite hitting problems with their original engineering partners.

Perth-based travel company Holiday Planet has been sold to UK firm Image Cruising, which is majority owned by international travel giant Emirates Group.

Two former Bunbury cafe operators have been fined more than $150,000 after deliberately underpaying a number of their employees over a 15-month period, starting in 2013.

Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.

Western Australia’s three largest dairy producers are now under foreign ownership, after Brownes was sold to a consortium of investors that includes Chinese dairy operator Shanghai Ground Food.

OZ Minerals has progressed its joint venture with local explorer Cassini Resources at the West Musgrave nickel-copper project after positive results in a further scoping study.

Fortescue Metals Group has terminated its agreement with TransAlta Corporation to purchase power from the recently completed South Headland power station after the miner raised performance concerns in August.

Altura Mining has taken the next step to double capacity at its Pilgangoora project, approving a definitive feasibility study for expansion to 440,000 tonnes per annum of lithium concentrate, while confirming shipments from stage one of the mine are due in the second quarter of 2018.

Shares in Great Boulder Resources have tripled in value today after the company announced encouraging drilling results at Mt Venn, within its Yamarna copper-nickel-cobalt project east of Laverton.