Business News

The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.

Appy Wedding is a wedding planning platform that allows users to browse real weddings to identify the best local suppliers.

Gabriel Chiappini has been appointed joint company secretary of Adriatic Metals. Mr  Chiappini has acted as the Australian Local Agent since the company’s IPO in May 2018.

Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.

The state government is set to receive nearly $190 million by selling its stake in online settlements company Property Exchange Australia.

Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Baraka Energy & Resources has appointed the MSA Group and Dr Frieder Reichhardt as independent technical vanadium consultants.

The downward trend in new vehicle sales in Western Australia has continued for a fifth straight month, according to the latest data from the Federal Chamber of Automotive Industries.

The National Broadband Network is significantly outperforming ADSL services, according to a new report released by the consumer watchdog.

Shark Bay shellfish producer Mareterram is set to report a fall in earnings for 2018 due to a significant reduction in prawn catch compared with last year.

Alan Campbell has been appointed non-executive chair of Manas Resources.

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

CIMIC Group’s Broad Construction has secured an $84.8 million state government contract to complete an expansion at the Casuarina Prison south of Perth.

King River Copper has put a $2 billion-plus price tag on its Speewah vanadium project near Kununurra, while TNG has appointed German group SMS to complete an engineering study for its vanadium project in the Northern Territory.

Property industry bodies have congratulated the McGowan government on passing the Strata Titles Amendment Bill 2018 through Parliament, which it says will bring a range of benefits for strata living arrangements through better regulation of strata managers and improved dispute resolution processes.

Keith Gordon has been appointed non-executive director of Ausdrill.

West Perth-based Emerald Resources has tapped investors for $27 million to fund exploration at the company’s Okvau gold project in Cambodia.

Shares in Ausdrill have slumped nearly 10 per cent today, after the mining services company said it had not secured a contract extension in Ghana.

The Village, Australind Shopping Centre, and the adjacent Mardo Commercial Centre have been acquired by Acure Asset Management for $39.43 million from private property company the Vukelic Group, representing a yield of 8.3 per cent

Andrew Forrest has upped his stake in Fortescue Metals Group after buying $15 million worth of shares in the iron ore miner last week.

Admedus has appointed Stephen Denaro as non-executive director and company secretary.

The federal government today launched a new wage subsidy trial targeting apprenticeships in rural and regional areas, which will invest $60 million across a range of trades

88 Energy has announced the sudden passing of non-executive director Brent Villemarette.

Shares in medical tech firm ResApp Health have more than halved today, after the company released the preliminary results of a new US study on its technology.

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

Catherine Costello has resigned as interim executive director and company secretary of Admedus. She remains as the company’s chief financial officer.

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.

The Takeovers Panel has ordered the sale of a $60.1 million stake in gold miner Tribune Resources, along with updated disclosure from some of the company’s major shareholders.

For the second year running, Business News was among the winners at the West Australian Media Awards announced on Saturday night.

Patrick O'Neill has resigned as joint company secretary of Baraka Energy & Resources.