Business News

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

The 9,200-kilometre Indigo subsea cable system that links Perth to Singapore and Sydney has been commissioned.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

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Business News has joined forces with Perth-based start-up CXWA to promote a new way to engage and learn about the Chinese market, the Beijing Business Discovery Tour.

The federal court has ordered Garuda and Jetstar to pay $19 million and $1.95 million in penalties, respectively, after action taken by the Australian Consumer and Competition Commission.

SRG Global has secured a contract with GFG Liberty OneSteel at its Whyalla Steelworks site, worth up to $45 million.

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Steve Abbott has been appointed to the newly-created role of managing director at Caravel Minerals.

Strike Energy has executed a $5 million sales option with Wesfarmers subsidiary CSBP, for up to 100 petajoules of gas from its half-owned West Erregulla project.

Multiplex has collaborated with local company TENSA Equipment to utilise an automated lifting device the construction giant believes could be a game changer for the industry.

US-based mobile software company Syntonic has appointed Edward Meagher as joint company secretary. He replaces Kate Sainty who has gone on maternity leave.

The state government has introduced a science, technology, engineering and mathematics skills strategy, which aims to have 85 per cent of year 12 students completing two or more STEM courses.

The University of Notre Dame Australia and Fremantle Ports have signed a partnership agreement designed to create new study, research, training and graduate opportunities for both organisations and the broader Fremantle community.

Chevron has started the second stage of its Gorgon drilling campaign, which will create 11 new wells at the $5 billion project on Western Australia’s north-west coast.

Auroch Minerals is tapping into the resurgence of nickel activity in Western Australia, striking a deal to acquire Minotaur Exploration’s Saints and Leinster projects near Kalgoorlie.

Mark Warburton has joined Esports Mogul as chief marketing officer.

Pointerra has entered into a licensing agreement with Wesfarmers start-up Decipher for it’s 3D data technology.

Anson Resources has closed a share purchase plan, raising $608,700 from 84 applicants.

Andrew and Nicola Forrest’s Minderoo Foundation has pledged up to $2 million to The Nature Conservancy to undertake a series of activities to improve the Swan-Canning Estuary’s health, including the restoration of lost shellfish reefs.

SRG Global has secured a contract worth up to $60 million with South32 at its Worsley Alumina operations near Collie.

Scott Morrison says he has high expectations for his new ministry, with Western Australians Christian Porter, Linda Reynolds and Ken Wyatt among those to be promoted.

John Baillie has joined the board of Data Exchange Network as non-executive director.

Former Perth Airport chief executive Brad Geatches has been appointed as the chair of the Pilbara Ports Authority.

Strandline Resources has raised $5.5 million via a share placement, with the proceeds set to advance its Coburn mineral sands project.

Mincor Resources has raised $18 million in a share placement and is seeking to secure an additional $5 million via a share purchase plan to facilitate the restart of its Kambalda nickel operations.

The inaugural State Design Review Panel has been appointed to oversee the design quality of major new development proposals in Western Australia.

Current non-executive director Matthew McCann has been appointed non-executive chair of Eon NRG.

Crusader Resources is seeking to raise $4.1 million via a rights issue, while Amani Gold has raised $3 million through a share placement, as both juniors seek to advance their gold projects.