Business News

Oil and gas play Tap Oil has confirmed James Menzies as its new chairman, after he joined the board in May as a director and was earmarked as Doug Bailey’s successor.

Yan Zhao has resigned from the board of African Energy Resources. Mr Zhao was alternative director to Ian M Hume. Global Health has appointed Pattie Beerens as non-executive director.

Kent Hunter, founding director of Cazaly Resources, has resigned as non-executive director. Terry Gardiner has been appointed as non-executive director.

The state government has announced a $30 million upgrade of Margaret River Senior High School to boost its capacity to 1,200 students.

Mineral sands minder Iluka Resources says it has agreed with joint venture partner Vale to end plans to develop a titanium project in Brazil after deeming it unfeasible.

Debt-troubled Paladin Energy has started discussions with some of its stakeholders and convertible bond holders about the looming deadline for a $US212 million repayment, as a cloud hovers over the company’s planned sale of a stake in its Langer Heinrich uranium mine to meet those repayments.

The federal government’s plan for a 15 per cent rate backpacker tax has been knocked down in the Senate, with the state’s farming body left furious and desperate for a solution.

Mel Ashton has retired as director and chair of Empired. Current director Richard Bevan will become chair, and Thomas Stianos has been appointed as director.

Former MZI Resources managing director Trevor Matthews has been named chief executive of local graphite hopeful Volt Resources.