Business News

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Roger Cook confirms community transmission in WA. Prime Minister Scott Morrison has imposed a travel ban on all non-residents. Confirmed COVID-19 cases in Australia has reached 514.

Mineral Resources boss Chris Ellison has struck a deal with his brother Andrew Ellison’s company to sell two of its non-core manganese assets while also providing project funding and mining services assistance.

Zenith Energy will increase the capacity of a power station at one of Toronto-based Superior Gold’s operations in Western Australia after receiving a 52-month contract extension.

AFL boss Gillon McLachlan has announced the league will proceed with Round 1 as planned, with the first match to be played between Richmond and Carlton at the MCG tomorrow night.

Charles Rottier has joined the board of Tempo Australia as an independent non-executive director.

A growing number of hospitality venues are either closing or revising their operations, after the Prime Minister announced the ban of all non-essential gatherings of 100 plus people. The ban is effective immediately and will impact religious services.

Perth technology company Track’em has been awarded its second contract with Downer this year for the provision of its cloud-based asset tracking software.

Euroz has flagged an $8 million hit to its earnings after pulling out of its 80 per cent-owned Prodigy Investment Partners joint venture, which had underperformed in recent years.

Marine technology company VEEM has secured a $9 million order from the Australian Submarine Corporation for specialised parts for the Collins-class submarine maintenance program.

Keith Bowker, who was previously banned six years from providing financial services, has received a reduced ban of two years after appealing the ASIC decision to the Administrative Appeals Tribunal.

Civil and mining contractor NRW Holdings has been awarded an airport upgrade contract with BHP at its Olympic Dam project in South Australia.

Australia has upgraded its international travel advice to the highest level, with all citizens being told not to travel overseas because of coronavirus. It comes as Virgin Australia suspended all international travel for more than two months.

Sonu Cheema, current company secretary of Avira Resources, will also become a non-executive director of the company.

Mark McGowan is resisting calls to close interstate borders as he confirmed three more coronavirus cases.

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Horizon Minerals has executed a $4 million loan facility with a German investment group, while also announcing a share placement to raise $2 million to fund the development of its Boorara gold project in Western Australia.

SRG Global has secured a five-year contract with Saracen Mineral Holdings to provide drill and blast services at the Thunderbox and Carosue Dam operations in Western Australia.

Infrastructure group Downer EDI's possible sale of its mining business to Perenti Global has been suspended due to the market volatility caused by the coronavirus pandemic.

David Wheeler has joined the board of Blaze International as non-executive chair.

West Leederville-based medtech startup Singular Health will raise $1 million ahead of a planned IPO in September, with PAC Partners appointed lead manager for the listing.

The federal government will be advising against mass gatherings of more than 500 people from Monday, Prime Minister Scott Morrison said today, in response to the growing coronavirus threat.

Emerald Resources has moved closer to developing its Okvau gold project in Cambodia after signing a $US230 million ($A365 million) mining contract with MACA.

Helix Resources has made some board and management changes in order to accelerate progress on its 100%-owned Collerina Copper Project in central New South Wales.

Fisheries Minister Peter Tinley has unveiled a range of measures to support Western Australia’s rock lobster industry as a result of the worsening COVID-19 outbreak, including an extended fishing season and measures to increase local sales opportunities.

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Drone technology company Orbital Corporation has signed a memorandum of understanding with Boeing subsidiary Insitu to become its primary engine supplier.

Gold explorer Anglo Australian has received commitments to raise $5.5 million through a share placement to fast-track exploration at its wholly-owned Mandilla project in Western Australia.

Home loans in Western Australia have reduced in value by 6.4 per cent in January, while the national figure increased by its fastest rate since mid-2019.

Australia's largest listed goldminer says it expects to produce around 10 per cent less gold than previously forecast due to underperformance of its mines in Western Australia and Papua New Guinea.