Business News

Economists for two big banks are split on whether consumer confidence is rebounding as larger-than-normal tax refunds land in bank accounts.

Sean Meakin will take over from Fleur Hudson as company secretary of AssetOwl on September 20.

Agrimin has raised $8 million via a share placement to fund the completion of the definitive feasibility study for its Mackay potash project.

One of Western Australia's most prominent fishing families will invest in tech company OpenDNA to provide marketing services and a Chinese mobile payment system to lure Chinese tourists.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Rafael Nadal will head to Western Australia this coming January as part of the first ATP Cup, although the state will miss out on hosting the Australian team, which is set to play its preliminary games in Brisbane.

Woodside Petroleum will invest in Subiaco-based Blue Ocean Monitoring to create autonomous mini-submarines in a bid to make gathering seismic data from the ocean floor cheaper and safer.

Apollo Minerals has appointed Brad Drabsch as a consultant, to assist with the Kroussou zinc-lead project in western Gabon.

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AusGroup has been awarded a three year maintenance and shutdown support contract by BHP Nickel West covering its Mt Keith, Leinster, Kwinana and Kalgoorlie operations.

The competition watchdog says it has no reason to block Elders' proposed $187 million cash-and-scrip takeover of wholesale buyer Australian Independent Rural Retailers, which has 12 member stores in Western Australia.

Otto Energy has made some changes to its board as part of a renewal process to support the successful implementation of the US Gulf of Mexico strategy.

TNG has conducted a review of its planned 2 million tonnes per annum Mount Peake vanadium-titanium-iron project, which revealed a potential reduction in capital costs of $29 million.

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Accolade Wines has sold its Swan Valley winery to the Graeme Yukich-owned Oakover Wines, which is the owner of the neighbouring Oakover Grounds winery.

Investors have welcomed Centaurus Metals' announcement that it raised $10 million via a share placement to underpin an exploration and development program at its recently acquired Jaguar nickel sulphide project in Brazil.

Our daily board moves wrap includes Geraint Harris, Alexander Burns, Kevin Tomlinson, Ray Shorrocks, Justine Campbell, Keith Bakker, David Rich, Peter Torre, Richard Hyde, Lyndon Hopkins, Rodney Leonard, Nigel Spicer, Mark Connelly, Ian Kerr, Luke Holden, Stuart Cruickshanks, and Todd Giltay.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Australian Potash’s Lake Wells sulphate of potash project is edging closer to production, after the company struck a joint cooperation agreement with Geraldton port owner Mid West Ports Authority.

Our daily board moves wrap includes Beverley Nichols, Mark Turner, Marcel Bonn-Miller, Bruce Linton, David Pryce, and Aida Tabakovic.

Our weekly appointments wrap includes Adam Irving, Richard Hicks, Terry Stark, Nicole Barnao, John Fitzgerald, Tim McInnis, Martyn Jenkins, Steven Richards, Andrey Maruta, John Cowdel

Gold Fields chief executive Nicholas Holland has suggested gold companies across the world have under-reported their actual costs, and that the industry is heading for a production shortfall.

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The Australian Securities and Investments Commission has cancelled the financial services licence of Perth-based Platinum Perpetual Global Private Wealth, after an adviser from the firm was charged with stealing $948,000 of clients’ funds.

Schneider Electric has secured an $11.5 million contract with the Child and Adolescent Health Service for a technology package at the Perth Children's Hospital.

The Australian Securities and Investments Commission is launching legal action against the Bendigo and Adelaide Bank and Bank of Queensland amid allegations of unfair small business lending terms.

A summary table of the insolvency notices published by ASIC in the past fortnight that related to 38 WA-incorporated companies.

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West Perth-based Rumble Resources has raised $3.75 million to advance early-stage drilling at its Panache nickel–copper–cobalt–gold project in Canada.

SRG Global has secured its largest facades contract to date, winning work at the $3.2 billion Parramatta Square project in NSW.

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Pacifico Minerals, Todd River Resources and Syndicated Metals are set to raise $4.6 million, $2.9 million and $1 million, respectively.