Latest Headlines

Perenti loses equipment hire contract in Ghana

Ghana Manganese Company has terminated its equipment hire contract with Perenti Global subsidiary African Mining Services, following a temporary suspension of the contract earlier this month.

Woolies tops biggest employers

Business News’s updated ranking of WA’s largest employers highlights the increased use of casual and contract staff.

CBH records $30m loss

CBH Group will continue to cut costs and restructure after recording a loss of $29.7 million in the year to September 2019, the worst single-year financial result in the cooperative's history.

Policy shifts needed to rev up economy: Deloitte

Policy reform and government investment is needed to to boost Western Australia’s lagging economy in 2020, with international trade tension undermining the state’s long-term growth prospects.

US funds manager to invest $6.3m in Lithium Australia

Lithium Australia’s move into the energy storage market has been backed by New York-based institutional funds manager The Lind Partners, via a $6.3 million funding agreement.

Government pledges $96m for Joondalup Health Campus

The state government has pledged $96 million to expand Joondalup Health Campus, with Health Minister Roger Cook repudiating assertions the amount falls short of election commitments.

Treasurer, finance minister confident on course for surplus

Federal Treasurer Josh Frydenberg is confident his government will be able to keep its election promise of surpluses over the next four years, despite marked downgrades to the outlook in his last budget update.

Morning Headlines

China appetite for ore strong, says Fortescue

Marshall startup in $1m biomed deal

A Perth biotech company founded by Nobel Prize winner Barry Marshall has secured a promise of $1 million in federal funding for the commercialisation of its acoustic belt for gut monitoring.

Roshana Group buys Wheatbelt residential care facility

Aged care and mental health service provider Roshana Group of Companies will be assuming ownership and management of the Whealtbelt's Dryandra Residential Care from late February next year, pending approval from the Department of Health.

Mark my words podcast

PODCAST: Mark Beyer and Mark Pownall discuss residential property recovery, Chris Ellison's house plan, biggest employers, St Hilda's management change, mid-tier growth stories, rail car manufacturing, person of the year, and our Great for the State feature on WA's cultural growth.

CloudKitchens plans to eat into market share

OPINION: A new US meal-delivery model could make its way to Australia.

Unfinished business in 2019 to energise leaders

An emerging battle for the future of WA’s energy industry and efforts to revive Perth’s street precincts have been among the defining themes of 2019.

Western defence delivers for feds

The Liberal Party WA’s marginal seat contingent played a big role in the shock May federal election victory, while local ministers, most notably Christian Porter, are key to the government’s agenda.

Nusantara raises $11m for Indonesian gold project

Gold explorer Nusantara Resources has secured finance to advance a development strategy for its Awak Mas gold project, with an $11 million capital raising backed by one of Indonesia’s leading energy companies.

Talga raises additional $3m for Vittangi project

Talga Resources has raised $3.25 million from an institutional placement, following the announcement of a $6 million raising from an oversubscribed share purchase plan earlier this week.

Plans for Bravo to go international

The Manjimup-bred burgundy apple Bravo is closer to being sold internationally, after businesses in Europe and South Africa signed an MOU to progress plans for its commercialisation.

Developments needed for domgas demand

Chevron and Newcrest have signed a supply deal for 16 petajoules of domestic gas until 2023, while a new analysis of the state’s gas market says the Scarborough and Browse developments are necessary to ensure sufficient supply.

Resolute to review Bibiani gold mine

Resolute Mining will undertake a strategic review of its Bibiani gold mine, engaging Cutfield Freeman and Treadstone Resource Partners as advisers in the process.

South32 and Galaxy drop out of ASX indices

A quarterly rebalancing of S&P/ASX indices has resulted in South32 being relegated from the top 20 index, and Galaxy Resources being dropped from the top 200 index.

EG returns to Perth with CBD, Leederville buys

Sydney-based EG Funds Management has returned to Perth’s commercial property market, splashing more than $90 million in the past month on office properties in the CBD and Leederville.

Morning Headlines

Ten biggest firms pay $23b tax

ASIC acts on $240m investment scheme

The corporate regulator is seeking to wind-up an alleged unregistered managed investment scheme run by Mt Hawthorn resident Chris Marco, who received about $240 million from 132 investors.

Interflow, Ventia win WA contracts

Sydney-based contractor Interflow has secured a $6 million contract from Water Corporation to refurbish 14 kilometres of wastewater pipes in Western Australia.

Aboriginal businesses win $167m in govt work

The state government awarded 4.77 per cent of its contracts to Aboriginal businesses in the 2018-19 financial year, substantially exceeding its own target, although the contribution of government agencies was highly variable.

27 banks join first home loan deposit scheme

P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government’s first home loan deposit scheme, aimed at low and middle income earners.

Decmil hit by contract dispute

Shares in Decmil closed down 9 per cent today after the Perth-based contractor said it was facing a delay in payment of about $14 million owing from its work on the Sunraysia solar project in New South Wales.

Azumah urges shareholders to accept Ibaera offer

Azumah Resources has told its shareholders it will need to conduct a capital raising early next year to fund its share of the Wa gold project, if suitor Ibaera Capital is not able to achieve full ownership.

Keystart’s investment future

OPINION: The impact of helping people into the housing market is invaluable.