Business News

Deborah Ho has replaced Brett Tucker as company secretary of Accelerate Resources.

Our weekly appointments wrap includes John Driscoll, Janelle Marr, Krista Bates, Lawrence Lee, Jarrad Grierson, Chad South, Scott Meacock, Robert Carruthers and Tony Monaghan.

Wellard has posted a $2.9 million profit for the six months to December, up from a $7.4 million loss in the previous corresponding period, and its first profit since listing on the ASX over three years ago.

Liontown Resources has announced a $7.9 million capital raising, with the funds set to go towards project development activities at its Kathleen Valley lithium project, located 60 kilometres north of Leinster.

Ian Stuart has been appointed non-executive chair, and Stuart Hall has retired as non-executive director, of Bryah Resources.

A company that supplies and installs underground services and its director have been fined a total of $69,500, and ordered to pay $4,391 in costs, over an incident in which a worker sustained serious permanent injuries.

Northern Star Resources has a declared an interim dividend of 6 cents per share, up 1.5 cents per share on its previous dividend, after its recently acquired Pogo gold mine in Alaska underpinned strong growth for the six months to December.

Opus Nominees (WA) Pty Ltd, Wingfield Pty Ltd, Perth Services Co Pty Ltd, Central Asia Resources Limited, Overstar Holdings Pty Ltd, Newtrend Enterprises Pty Ltd

Our daily board moves wrap includes Michael Thurn, Deborah Ho, Torey Marshall, Simon Francis, Hayden Locke, Anthony Hall, and Jason Brewer.

Silver Lake Resources has been fined $58,000 in Perth Magistrates Court following an incident in 2014 that seriously injured a worker at its Murchison gold operation, located 25 kilometres south-east of Cue.

Our daily board moves wrap includes Christopher (Robert) Wanless, Tom Eadie, Brett Tucker, Nicolaus Heinen, Stephe Wilks, Sahm Nasseri, Alex Passmore, Ian Mulholland, Craig Hall, Neil Porter, David English, Todd Hibberd, and Dan Smith.

3D printer Aurora Labs has raised $5 million via a share placement, with the funds to be used primarily to fast track the completion of its rapid manufacturing technology, which allows multiple layers of metal 3D parts to be printed in a single pass.

Australian Potash is seeking to raise up to $5.23 million via a rights issue, with the funds set to primarily go towards its Lake Wells potash project, located approximately 200 kilometres north of Laverton.

Bendigo and Adelaide Bank shares have taken a dive after a 2.4 per cent dip in first-half profit, despite the lender hoping to benefit from the big four's public relations disaster at the royal commission.

Intermin Resources has signed an exclusivity deed with Focus Minerals to potentially acquire its Coolgardie gold project for $40 million over a three-and-a-half year period.

VRX Silica is pleased to announce the Company has completed an agreement with Silatec Pty Ltd for the acquisition of the Boyatup Silica Sand Project located on E69/3560 which has a total area of 10

The panel tasked with reviewing the Australian Prudential Regulation Authority will be led by former Australian Competition and Consumer Commission chair Graeme Samuel and includes Wesfarmers non-executive director Diane Smith-Gander.

Stephanie Unwin has stepped down as non-executive director of Zenith Energy, following her appointment as chief executive of Horizon Power.

Pilbara Ports Authority has recorded a slight decrease in throughput for the month of January compared with same month a year prior, despite the Port of Port Hedland achieving a single-tide record tonnage in the month.

South32 has elected Karen Wood as the next chair of its board of directors, replacing current chairman David Crawford, who will retire on April 12.

Perth-based chauffeur company Luxe Charters has gone into liquidation.

Grant Davey has resigned as non-executive director of Boss Resources.

AGL Energy has continued its growth in the Western Australian gas market, revealing it had approximately 33,000 customers by the end of 2018, a rise of 12,000 from six months prior.

Shares in Tempo Australia have closed the day’s trade at 10 cents each, a fall of 20 per cent, after the contractor announced it was $4.5 million in the red for the year to December.

Altura Mining has announced details of a capital raising to fund its Pilgangoora lithium project in the Pilbara, with company directors contributing $15.46 million towards the financing package.

Ausdrill subsidiary Barminco has secured a $100 million underground mining services contract from Hindustan Zinc at its Rampura Agucha mine in India.

Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.

Our weekly appointments wrap includes Kristal Kinsela-Christie, Katina Law, Jahna Cedar, Andrew McConville, Grahame Coles, Paul Beeson, Scott Marisett, Rachel Bruechle, Warren Harding, Matthew Budge, Sharon Brown, Elle Pound, Neil Martin, Rob Korda and Matthew Rosich.

Zane Lewis has been appointed non-executive director and joint company secretary of Vital Metals.

Former DP World Australia boss Paul Scurrah has been tapped as the new chief executive of Virgin Australia.

Optus has been ordered to pay a $10 million fine, one of the highest penalties to be imposed by the Federal Court, for misleading its customers over digital content.

Osborne Park-based Densford Civil has been awarded a $6.4 million contract for safety improvement works along the South Coast Highway in Albany.