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Telcos spend $19m on WA lots

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.

Morning Headlines

NBN targets business for $1 billion

Storekat wins govt tech grant

Storekat has secured a $294,000 federal government grant, as the local tech company continues its transition to a business-to-business management tool for the logistics industry.

WA accepts $121m remote housing deal

The state government has reluctantly accepted an improved offer from the Commonwealth for remote housing funding.

Pindan wins $45m Koodaideri contract

Pindan has been awarded a $45 million contract to build a 780-room construction camp at Rio Tinto’s $3.5 billion Koodaideri project in the Pilbara.

New leadership for WASO, WAAPA

Two major arts companies have today announced new leadership, with the WA Symphony Orchestra appointing Mark Coughlan as chief executive and the Western Australian Academy of Performing Arts naming David Shirley as executive dean.

IGO buys 15% stake in Buxton

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss property development challenges, weak housing market, Fast Brick Robotics (FBR), subcontractor protections, and our special report on Business Dynasties, including the Buckeridge, Perron, and Blackburne families.

FBR hits 18-month low

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.

Westgold secures $38m

Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.

New DG at Department of Education

Melbourne-based executive Lisa Rodgers has been appointed director general of the Department of Education, making her the fifth woman to be appointed to a director general role in Western Australia this year.

IOOF shares down as APRA moves on execs

Shares in IOOF Holdings have lost more than a quarter of their value after the prudential regulator moved to disqualify the beleaguered wealth manager's top brass and impose new licence conditions.

Study sales history and cut your losses

Opinion: Often in sales the simple and most obvious solutions are the most effective. But if that’s true, why are those solutions so often overlooked?

Morning Headlines

Australia becomes an LNG force

Setbacks for cruise ships at Broome

The state government has been forced to allocate an extra $8 million to a dredging program at Broome Port, while an independent report has ruled out the use of a below deck gangway for cruise ships at the port.

Applecross apartment proposal knocked back by JDAP

Boutique developer Norup + Wilson is headed to the State Administrative Tribunal to appeal the rejection of its latest proposal, a $39 million, 16-level apartment building near Canning Bridge.

Housing, red tape focus as state budget lifts

The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.

Tribune in $30m Singapore buy

Gold miner Tribune Resources has purchased Singapore-based explorer Prometheus Developments in a deal worth $30.3 million.

Gruyere forecasts production lift to 300,000oz

Gold Road Resources has increased the forecast annual output for its half-owned $621 million Gruyere gold project, while confirming first production remains on track for mid-2019.

West African, VDM, Genesis to raise $60m

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.

Echo appoints Maca, raises $6.5m

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Cashies to bring in new CEO

Cash Converters International has appointed Bank of Queensland's Sydney-based group executive, Brendan White, as its new chief executive, starting in March next year.

Contemporary music a catch for Freo Arts

Fremantle Arts Centre has developed a diverse range of revenue streams, including contemporary music and arts training courses, to fund local artists.

Gearing up for a credit crunch

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

Morning Headlines

Red tape risks holding up frackers until 2021

Explaurum backs Alkane investment

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

Blockchain innovators kicking goals

A collaboration led by Curtin University and including local blockchain business Power Ledger has started its latest peer-to-peer trading trial in Fremantle, funded by the federal government's Smart Cities Initiative, while DigitalX has launched a new incubator for blockchain technology in Kings Park.

Roberts buys $30m MinRes stake

Perth rich lister and Mineral Resources director Tim Roberts has bought a $29.6 million stake in the diversified mining company.

Keslake secures $6.5m Cott bike path work

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.

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