Business News

Perth company GLX Holdings, which has attracted more than 40 of the world’s largest LNG buyers and sellers to its online trading platform, has recorded a notable milestone via Malaysian petroleum giant Petronas.

Mineral Resources has forecast a capital expenditure of $US600 million ($792 million) to build two lithium hydroxide processing modules at its Wodgina mine in the Pilbara, after announcing plans to sell a minority stake in the project earlier this month.

Geospatial imagery company Spookfish has expanded its capture program into South Australia, while also increasing its coverage in the Melbourne metropolitan area.

Dr Richard Hopkins has resigned as chief executive of PharmAust to pursue a senior corporate position in another company.

Multiplex has won a national construction award for its work on the $1.6 billion Optus Stadium, which was completed earlier this year.

A joint venture between Ausdrill and Barminco has secured a mining services contract worth $US211 million ($280 million) for the Siou mine in Burkina Faso.

Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.

Caravel Minerals has advised of resignations from board members Peter Alexander as non-executive chair, Marcel Hilmer as executive director and chief executive, Daniel Ryan and James Harris as non-

Perth Airport’s revenue per passenger has increased more than any other major airport in Australia over the past decade despite the average airfare declining more than 50 per cent, according to a new report out today.

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

Catherine Costello, current company secretary and chief financial officer of Admedus, has been appointed interim executive director following the resignation of Mathew Ratty.

Perth-based Pawsey Supercomputing Centre has appointed Mark Stickells as its new director, less than a month after the federal government said it would invest $70 million in the facility.

Perth-based Peet has confirmed its appointment by the state government as the developer for the Brabham housing project near the Swan Valley.

Tim Allison has resigned as joint company secretary of Tech Mpire.John Kenny has decided not to stand for re-election as a non-executive director of Winchester Energy.

De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.

Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.

Michael Chan, a highly experience executive and metallurgical engineer, has joined Hexagon Resources as chief development officer.

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

WA Super has made two executive promotions.

West Perth-based Antipa Minerals has announced a capital raising of $3.3 million, and is planning an entitlement offer for an additional $4.3 million, with the funds to be spent on exploration work at the company’s projects in the Paterson region of Western Australia.

AGL has knocked back Alinta Energy's $250 million offer to buy Liddell Power Station and reaffirmed its decision to close the plant in 2022.

Dotz Nano has appointed current non-executive director Uzi Breier as the new chief executive, following the resignation of Dr Moti Gross who has been at the helm since the company’s inception.

Tempo Australia has been awarded a $6 million contract with CBH Group to upgrade its grain handling facilities across Western Australia.

Business News’ index of 30 Western Australian stocks hit an all-time high this week, helped by solid gains by copper miner Sandfire Resources, oil and gas giant Woodside Petroleum and engineering and construction contractor Monadelphous Group.

Balcatta-based PS Structures has won a $15.6 million contract for an expansion project at Carine Senior High School.

Bryan Carr has decided to step down as non-executive director of SmartTrans Holdings to pursue other interests.

A cartage company has been fined $160,000 after pleading guilty to causing the death of two construction workers in East Perth in 2015 after tilt-up panels fell off a truck.

Struggling RV and accommodation business Fleetwood Corporation has made a pre-emptive move to avoid a board spill, after a major shareholder took steps to call a general meeting.

The federal government has endorsed changes to the livestock export industry designed to improve animal welfare but the WA government says it may still try to ban live sheep exports to the Middle East during the northern hemisphere summer.

David Flanagan-led Battery Minerals has boosted its coffers with a $20 million capital raising to fund construction of its Montepuez graphite project in Mozambique.