Business News

Subiaco-based SRG Global has won a drill-and-blast services contract extension with Evolution Mining at several of its gold mines in Australia.

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Mineral Commodities (MRC) has acquired Norwegian company Skaland Graphite, which the Welshpool-based miner said was the owner of the world’s highest grade flake graphite operation.

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The Perth District Court has found former C&G Group Industries director, Christopher Edward Eric Skelly, guilty of a fraud charge brought by the Australian Securities and Investments Commission.

Jameson Resources has appointed Michael Allen as project manager of its Crown Mountain Project.

Dyno Nobel has been fined $250,000 and ordered to pay costs of $30,000 in the Perth Magistrates Court, following the death of one of its employees at the Telfer gold mine in May 2015.

BHP Group said today it expected its Pilbara iron ore production to be reduced by between 6 million tonnes and 8mt this year because of the impact of flooding on its rail network and Port Hedland operations..

The Reserve Bank of Australia has kept the official cash rate at a record low of 1.5 per cent as widely expected, but most economists believe a rate cut is around the corner.

Andrew Penkethman has been appointed chief executive of Ardea Resources.

The state government has announced it will spend $34.7 million over four years on the Office of Digital Government to transform digital processes in the Western Australian public sector.

Louis Vuitton will leave its upmarket King Street location and move into the Raine Square redevelopment in the CBD after signing a new long-term lease with Charter Hall.

Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.

Wellard has sold its Wongan Hills feed mill, and Baldivis Pre-Export Quarantine lease in Western Australia, as well as its Condah Pre-Export Quarantine facility in Victoria, to Ausvision Rural Services.

Rio Tinto has revealed its full-year Pilbara iron ore shipments are expected to be at the lower end of its 338 million to 350 million tonnes guidance, after Tropical Cyclone Veronica damaged its Cape Lambert port.

Rosheen Garnon will succeed Susan Thomas as non-executive chair of Alexium International Group.

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.

Perth’s Yagan Square, developed by the Metropolitan Redevelopment Authority, won two awards at last night’s UDIA National Awards.

Sime Building and Construction has won an $8.36 million contract to construct an indoor sports and recreation centre.

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Nick Cernotta has been appointed non-executive director of New Century Resources.

Construction has officially commenced at Albemarle Corporation’s Kemerton lithium plant, which is expected to cost in excess of $1 billion and create 500 construction jobs and another 500 operational jobs in the south-west of Western Australia.

Pilbara Minerals has announced it is considering selling between 20 per cent and 49 per cent of its Pilgangoora lithium project, as it declared commercial production from the processing plant.

Monadelphous has won a second contract for BHP Group's South Flank iron ore project, just over a month after it secured an $108 million contract at the site.

Struggling gold miner Gascoyne Resources has announced a share placement and rights issue at a 50 per cent discount to its previous closing price, as it seeks to pay down some of its mounting debts.

Geopacific Resources has raised $4.3 million via a share placement, with the funds set to advance due diligence in relation to the financing of its $198.5 million Woodlark gold project.

Tropicana gold project joint venture partners AngloGold Ashanti and Independence Group have approved the development of a new underground mine at a cost of $105 million.

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Simon Storm has joined BlackEarth Minerals as chief financial officer and company secretary.

Mondium, a joint venture between local contractors Monadelphous and Lycopodium, has secured an early start engineering contract at Mineral Commodities’ (MRC) Munglinup graphite project.