Business News

Chevron has today announced that the second processing train at its Wheatstone project in the Pilbara has started production of liquefied natural gas, meaning all five trains at its two giant Western Australian projects are now in production.

Decmil Group has announced a $NZ125 million ($116 million) contract extension in New Zealand, while also flagging a number of cost pressures expected to impact earnings.

Welshpool-based MACA has been awarded a $30.2 million state government contract for roadworks in the Pilbara region.

Danakali has announced some changes to its management structure.

Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.

Iron ore miner Roy Hill has connected its Port Hedland operations to Horizon Power’s North West Interconnected System following the installation of extensive underground facilities, which began in 2016.

New data out today shows female participation on ASX 200 boards has increased to 27.7 per cent in May, however five companies, including Perth-based Ausdrill, still have no female directors.

Following OZ Minerals’ 50.1% ownership of Avanco Resources, it has appointed Andrew Cole as non-executive chair, and Mark Irwin & Warrick Ranson as non-executive directors of Avanco.

The Chamber of Commerce and Industry of WA said today it was disappointed the Western Australian Industrial Relations Commission had agreed to lift the state’s minimum wage by 2.5 per cent.

Perth-based Ausgold has tapped investors for $2.4 million to fund continued exploration work at the company’s Katanning project.

Kibaran Resources has entered into a non-binding letter of intent with GR Engineering Services to negotiate an early works agreement and an engineering and procurement contract for the company’s Epanko graphite project in Tanzania.

Local telco business Vonex started trading on the ASX today, after the company raised $6 million via an initial public offering.

Mark Bayliss has resigned as executive chair of Dragontail Systems. Mr  Bayliss continues to be a Dragontail shareholder and consultant focused on strategic growth opportunities.

WestStar Industrial has secured a design and management contract for a mixed-use commercial property development in West Perth, while also announcing a $1 million capital raising.

The Chamber of Minerals and Energy of WA today confirmed the appointment of Paul Everingham as its new chief executive, while uranium miner Paladin Energy has recruited a former Newcrest Mining executive to lead the company.

Digital media company migme has been placed into administration, 10 months after its plan to sell the business to a US-based investment group fell through.

West Perth-based Lithium Australia has acquired a lithium-tin project in Germany from its joint venture partner Deutsche Rohstoff in a cash and scrip deal worth about $3.1 million.

Shares in Ausdrill slumped more than 20 per cent today after the mining services company said its $180 million contract at Mineral Resources’ Wodgina lithium project was set to halve in value.

Pacific Energy has secured a contract to build, own and operate a five-megawatt power station at Beacon Mining’s Jaurdi gold project near Kalgoorlie.

Successful Perth tech business HealthEngine has removed all customer feedback from its website while it conducts a review.

Customers of local whitegoods and home appliance retailers Kambo’s and Liebe + Haus have been told they will need to wait several days before finding out if their credit purchases are still valid after the two jointly-owned businesses were placed into administration on Friday.

Egan Street Resources has appointed 2 experienced executives for its 100%-owned Rothsay Gold Project in WA’s Midwest region.

Transport and logistics business Centurion has secured a fuel haulage contract with Viva Energy and acquired contracts and vehicles from Perth-based Fuel Trans Australia.

Local tech company Nuheara has tapped investors for $6 million, with the proceeds set to fund an increase in inventory levels of its noise cancelling earbuds.

Uranium-focused Bannerman Resources has announced an $8 million capital raising to fund further studies on its Etango project in Namibia.

Perth-based IT company Velrada has won an international service award with tech giant Microsoft at its annual partner awards.

Geoff Baldwin has been appointed non-executive director of AssetOwl.

Graphite-focused Hexagon Resources is seeking to raise up to $6 million to progress the company’s McIntosh project in the Kimberley.

Perth house prices declined slightly last month, but are still up 1.1 per cent since February, according to the latest data from the Real Estate Institute of Western Australia.

Curtin University has expanded its presence in the Perth CBD, after signing a lease agreement for the top floor of 137 St Georges Terrace.

Local tech company Fastbrick Robotics has rebranded as FBR, with the company aiming to broaden the use of its technology beyond bricklaying and construction.