Ryan Stokes-led diversified business SGH recorded a 5 per cent post-tax statutory net profit increase to $486 million last financial year, led by upticks at concrete maker Boral and Westrac.
Analysis: There are shades of the maligned Royalties for Regions program in the scale of recent government spending at Collie, Business News research has found.
Ryan Stokes-led Seven Group Holdings has sought a name change to better reflect its operations, with the vote to be cast at the next annual general meeting.
Stokes-led Seven Group Holdings has posted a 10 per cent increase in revenue for 2024 financial year, buoyed largely by strong growth from its industrial services businesses.
The strong performance of Seven Group Holdings' industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.
Aboriginal-owned Tjiwarl Contracting Services (TCS) is poised for rapid growth after signing a second joint venture agreement with a major mining services company.
Mining equipment provider WesTrac has partnered with Lifeline WA to launch a peer-led health and wellbeing program to support staff struggling with their mental health.
Andrew Forrest's private company is expected to proceed with the redevelopment of the East Perth Power Station, after Kerry Stokes' Australian Capital Equity backed out.
Seven Group chair Ryan Stokes has sought to ease tensions with Andrew Forrest after revelations the Fortescue Metals Group chair took a swipe at the Stokes empire over a trucking deal.
Andrew Forrest has told Fortescue staff that a decision to pick German giant Liebherr over WesTrac for a major contract has caused a rift with billionaire Kerry Stokes' empire.
Fortescue Metals Group is aiming to have its first zero-emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Liebherr.
Lanskey Constructions has lost its court bid to stop WesTrac from retrieving $170,000 in bank guarantees over delays to the expansion of its Welshpool facility.
Advisers have been appointed for a potential sale of Seven Group's share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.
MACA, Mineral Resources and WesTrac have formed an alliance to support the Harry Perkins Institute of Medical Research's fundraiser for cancer research.
At least $100 million has been earmarked for initiatives in the Collie district as the state government targets its support for the area ahead of potential coal shutdowns, although there is debate about the impact on other regional towns.
Seven Group Holdings has withdrawn its market guidance on the back of falling advertising revenue and declining oil prices, on the same day that Seven West Media criticised a report it was entertaining a prospective sale of West Australian Newspapers Holdings.
The state government today announced the investment of $2.7 million to secure a Caterpillar autonomous training facility in Collie, the first such facility in the Southern Hemisphere.
Seven Group Holdings has reported a 40 per cent surge in full-year underlying earnings but a $291 million write-down in the value of its media business, which hit its bottom line.
Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.
SPECIAL REPORT: Contractors are buoyant despite the twin challenges of uncertainty around infrastructure spending and an employment market tipped to tighten.
Iron ore maganates Gina Rinehart and Andrew Forrest remain in the top 10 of the nation's wealthiest people, according to the 2018 AFR Rich List, which included 20 Western Australians out of 200 people listed this year.
Rio Tinto has co-hosted 21 of the state's major companies at Scitech to announce further details on its partnership with South Metropolitan Tafe, with high-tech courses in automation expected to be rolled out in 2019.
Seven Group Holdings has lodged a big increase in earnings for the half-year, as improvements in the mining industry aided the strong performance of WesTrac.
Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.
Subiaco-based tech startup Fleetsu is seeking to raise $1 million in venture capital funding to better target multinational customers for its vehicle tracking technology.
Seven Group Holdings' shares have surged despite a profit slump, as the diversified group boosted equipment sales to the mining industry and gained $540 million from selling its WesTrac China business.
BHP has approved initial funding for its $3 billion-plus South Flank iron ore project in the Pilbara, and the company's top Australian executive said he wanted to hear from local suppliers who could add value to the development.
An improved iron ore price delivered huge boosts for mining magnates Gina Rinehart and Andrew Forrest, who were two of the three Western Australians to feature in the top 10 on the nation's best known rich list.
OPINION: Western Australia has a new billionaire, or to be completely accurate, it has an old billionaire who has made another billion dollars over the past 12 months without anyone really noticing.
An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).
