Business News

Aspiring minerals sands miner Sheffield Resources has signed an offtake agreement with a Chinese processor for more than half the zircon concentrate produced at its planned $348 million Thunderbird project near Derby.

Interpose Holdings has appointed Eric de Mori as non-executive director, following the resignation of Justin Barton from the board.

ICON Engineering has secured a subsea rig interface contract with Woodside for the Greater Enfield oil development off Exmouth.

Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.

Three senior government ministers faced the cameras this morning to promote plans for a new high school in Subiaco, which will link with shared public open space at the neighbouring football oval.

Perth-based shipbuilder Austal has signed a memorandum of understanding with JR Kyushu Jet Ferry to develop a new high-speed trimaran passenger ferry for the company’s Japan-to-South Korea route.

David Fyfe has been appointed non-executive director of RBR Group, an international labour services company.

EY’s Perth managing partner, Mike Anghie, is planning to join APM as its chief executive, four months after advising Quadrant Private Equity on the purchase of a 60 per cent stake in what is Australia’s largest privately owned human services company.

BGC Contracting announced today that it has been awarded two contracts with mining giant BHP Billiton at its Pilbara iron ore facilities.

Belmont-based Zenith Energy has signed a power purchase agreement to build a 15-megawatt power station at Gascoyne Resources’ Dalgaranga gold project.

Tikforce has appointed Madhukar Bhalla as company secretary, following the resignation of Roland Berzins from the role.

The state parliament has passed legislation today that seeks to guarantee Western Australian businesses a larger share of government contracts, after the auditor general found major flaws in the existing Buy Local policy in a report tabled earlier this week.

Junior explorer Walkabout Resources will tap investors for up to $10 million through a placement and rights issue as the company continues exploration at its African projects.

The ASX is set to adopt blockchain-based technology for its clearing and settlement process, after announcing today that it would replace the current Clearing House Electronic Subregister System.

West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.

Minerals explorer Nelson Resources started trading on the ASX today after raising $5 million from investors by way of an initial public offer.

Ausdrill has advised that longstanding chair Terry O'Connor will be stepping down from the board, and current deputy chair Ian Cochrane will take over as chair.

The auditor general has found major flaws in the state government’s Buy Local policy, with concerns regarding data collection leaving agencies unsure if the policy is benefitting local businesses.

Aspiring gold miner KIN Mining has signed a binding term sheet for a $35 million debt package with Canada-based Sprott Private Resource Lending.

The Australian economy expanded at a slower-than-expected rate in the three months to September, however WA’s domestic economy appears to be on the mend, growing 0.9 per cent for the quarter.

Shares in newly listed Parkd finished up 25 per cent today after the Perth-based company raised $6 million through a strongly supported initial public offering.

Drake Resources has appointed David Wheeler as non-executive director following the resignation of Jay Stephenson from the board.

England is 2/55 in the early stages of its chase of 354 after Australia was dismissed for 138 in the second Ashes Test at Adelaide Oval.

Perth-based security services provider Threat Protect has expanded its customer base on the east coast with the $2.4 million purchase of two NSW security monitoring businesses.

Western Australia's automotive industry has registered a second straight month of strong growth in new vehicle sales relative to 2016, with solid increases in purchases of light and heavy commercial vehicles in November.

JLL Office Leasing has expanded its team, appointing Emily Dyer leasing executive.

Decmil Group is well placed to secure a $275 million engineering contract for Chinese group Maoneng's 250-megawatt Sunraysia solar project in NSW, after signing a memorandum of understanding to complete early designs for the project.

AWE shares have tumbled after the Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million proposal, after it was unable to conduct a final due diligence review on the target.

Global regulatory technology play Kyckr has appointed Tesco Bank CEO Benny Higgins to replace HBF CEO John Van Der Wielen as chairman next year as the group revamps its board.

Mark Hohnen has retired as non-executive director of Salt Lake Potash after serving 7 years on the board, including 4 years as chair.

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.