Fraser Beattie

Marine-focused engineering business VEEM has enjoyed a solid debut on the ASX today, with shares closing 20 per cent higher on its initial public offering price.

Carnegie Wave Energy has wholly acquired solar power and lithium battery storage provider Energy Made Clean by purchasing the 65 per cent stake it didn’t already own.

Mineral Resources and Pilbara Minerals have resolved their offtake dispute for the Pilgangoora lithium project, with MinRes to surrender its entitlements in return for a $50 million stake in Pilbara.

Southern Cross Electrical Engineering shares lost nearly a quarter of their value today after the company warned of a $2 million loss for the six months to December.

The supervisor of Dianella-based building company Frayson has been fined $15,000 for failing in his duties as a manager and supervisor on work carried out at 20 Perth properties over a 10-year period.

Panoramic Resources has finalised plans to spin-out its Gum Creek gold project through the partial divestment and ASX listing of its Horizon Gold subsidiary, with a $15 million initial public offering launched today.

Local businessman Peter Landau will be subjected to more court action after China-controlled Nkwe Platinum filed a $2.5 million law suit in the Supreme Court of Western Australia.

Perth-based thermal energy company Enerji has appointed KordaMentha as administrators after running into debt problems with one of its creditors.

Dissident shareholders are seeking to shake up the board of Empire Oil & Gas at the energy company’s annual general meeting next month.

Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.

Rox Resources’ joint venture partner Teck Australia has matched a competing bid for the company’s stake in the Reward zinc-lead project in the Northern Territory for up to $20.6 million.

Thermal energy company Enerji has requested its shares be halted from trade after receiving a letter of demand from one of its large creditors.

The state government has talked up the benefits of its transport plan for the new Perth Stadium, with up to 23,000 patrons expected to take one of the two bridges crossing the Swan River as they exit the stadium after an event.

Grain handling cooperative CBH Group has opened itself up to increased competition in the provision of grain transport services, following a review by the competition watchdog.

Blackham Resources has achieved first production at its Matilda gold mine near Wiluna four months after receiving final approvals.

Artificial intelligence company OpenDNA has announced plans to list on the ASX, with Perth-based stockbroker Argonaut to lead a $10 million initial public offering.

Saracen Mineral Holdings has attracted AngloGold Ashanti for a farm-in agreement for its Carosue Dam North gold project near Kalgoorlie, valued at $25 million.

A movement backed by several small business groups has renewed a campaign to encourage shoppers to lift their support for local retailers. 

A local gold company founded by prominent prospector Denis O'Meara hopes to begin trading on the ASX by the end of next month after completing a $10 million initial public offering.

The Environmental Protection Authority has recommended approval of BC Iron’s extension plans at its Iron Valley mine near Newman.

Local engineering firm Monadelphous Group has won a $58 million contract to build an irrigation pipeline in New Zealand.

Sybrandt Van Dyk has announced his resignation as chief executive of Macmahon Holdings, with general manager of surface mining Michael Finnegan to succeed him as head of the local contractor.

Pilbara Minerals has announced the purchase of several long-lead items for its Pilgangoora lithium project to remain on track with its planned commissioning date next year.

The state government has announced a new $8.1 million branding campaign to promote local agrifood producers to overseas buyers.

Shares in junior miner Excelsior Gold were pummelled today after the company's new board revealed the full extent of operational issues at its flagship Kalgoorlie North mine.

Global Construction Services will pocket $17.5 million when it completes the sale of its stake in Melbourne-based SmartScaff.

Veronica Macpherson’s Macro Realty Developments has had its Australian financial services licence torn up by the corporate regulator.

Diversified contractor Brierty will build car parks and access roads at the new Perth Stadium under an $8.1 million deal.

House prices in Perth are expected to fall by 10 per cent from their 2014 peak by June 2019, according to a new report commissioned by QBE.

The state’s resources industry has applauded Federal Nationals leader Barnaby Joyce’s public opposition to the WA Nationals’ planned mining tax changes, which drew return fire from Brendon Grylls.

Perth-based Decimal Software will provide its financial planning technology to a South Australian industry superannuation fund for an undisclosed sum.

Iron ore miner BC Iron has confirmed a $25.5 million capital raising backed by major shareholder Kerry Stokes to fund work at its Buckland project and pay off debt.