Fraser Beattie

Perth-based IT company ASG Group has won a $35 million contract to provide its services to contractor CIMIC Group over a five-year term.

Shares in local technology firm Smart Parking closed 25 per cent higher today on news it had secured an extension to a contract with one of its existing clients, UK retailer Matalan.

Otto Energy is seeking to participate in exploring for oil and gas in Alaska through a $US4 million ($A5.4 million) investment in Austrian company Borealis Petroleum.

Mining giant BHP Billiton has announced plans to construct a new eight-pen tug harbour at Hunt Point in Port Hedland, as well as purchase six additional tugs, for $US240 million ($A326 million).

Less than one-fifth of Western Australians are deemed to be financially fit, while the majority feel less financially secure than they did a year ago, according to a report by Bankwest.

Automotive Holdings Group has entered discussions for a $77.5 million sale and lease-back of an existing dealership and two development properties on the east coast, the second deal of this type in three years.

KPMG has named the eight businesses it has selected to participate in its recently announced technology accelerator Energise, which will be held in Perth.

Atlas Iron managing director David Flanagan has described the results of the iron ore miner’s capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $180 million target.

The corporate watchdog has permanently banned local brokers Eric-John Pryor and Peter McDonald from providing credit and financial services after being found to have engaged in misconduct when brokering car financing for a business in Victoria Park.

Local company Prairie Mining has raised $15 million from UK-based CD Capital for the development of its Lublin coal project, with the potential for the private equity fund to invest a further $68 million.

Perth-based GR Engineering Services has won a $22 million contract for enhancements to Western Areas’ Cosmic Boy processing facility at its Forrestania nickel mine.

Andrew Forrest’s private vehicle, Minderoo Group, has announced plans to invest up to $7.3 million in local miner Impact Minerals.

A second Transperth bus has caught fire this week, two days after a bus was engulfed in flames at the Esplanade Busport, covering parts of Perth's CBD in black smoke.

Perth contractor Otoc has flagged a likely loss for the 2015 financial year after disclosing that impairment, restructuring and acquisition costs of about $10 million would outweigh its operating profit.

Bradken has sold its Bassendean engineering facility to Sydney property group Charter Hall in an off-market sale and leaseback deal worth about $32.8 million, while the Champion Drive Shopping Centre in Seville Grove has been sold for $13.5 million.

GR Engineering Services has been awarded another contract at Sirius Resources’ Nova nickel project, bringing the value of its workbook at the project to $126 million.

Local miner Poseidon Nickel has put its Lake Johnston operation near Norseman on care and maintenance, reduced its staff and cut board member salaries as it awaits improvements in the nickel price.

Adelaide-based York Civil has been selected to carry out $24.2 million in upgrades to Broome’s wharf, while expressions of interest will soon be called for a new $70.7 million marine control tower in Port Hedland.

Live cattle exporters in Australia face uncertainty after Indonesia, which accounts for 60 per cent of the $1.2 billion trade, flagged an 80 per cent cut in its imports.

An international consortium comprising European renewable energy companies, Australian government agencies, and local contractor Otoc has come together to finance and develop a $40 million solar power project at Sandfire Resources' DeGrussa copper mine.

Mining giant BHP Billiton has flagged an impairment of up to $US2 billion ($A2.7 billion) in its end of financial year results against the value of its onshore gas assets in the US.

Local gold miner Red 5 says an earthquake registering 6.1 off the coast of Surigao del Norte was a possible contributing factor to the collapse of a wall into the open pit of its Siana project in the Philippines last week.

A local waste technology solutions company backed by Monadelphous Group has completed the biological ramp-up phase of commissioning its waste-to-energy plant in Shenton Park, nearly eight months behind schedule.

Perth-based biotech company ResApp Health had a steady first day of trade on the ASX today, after being acquired by Narhex Life Sciences in an $11 million backdoor listing.

Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.

Euroz has halved its dividend after recording a $7.1 million net loss for the 2015 financial year, on the back of poor performance in its investment arm and modest profits in its stockbroking division.

The Environmental Protection Authority has recommended strict conditional approval of Doral Mineral Sands’ proposed Yoongarillup project near Bussleton.

The state government’s proposed $2.2 billion Forrestfield-Airport rail link has been recommended for conditional approval by the Environmental Protection Authority.

Macmahon Holdings chief financial officer Sybrandt van Dyk has been promoted to the role of chief executive, following Ross Carroll’s resignation in January.

Brookfield Multiplex has completed the non-processing infrastructure facility at Gina Rinehart’s Roy Hill iron ore mine in the Pilbara, marking the finish of a $270 million workbook at the project.

Engineering and construction firm Decmil Group has been selected to build a school in Christchurch for the New Zealand Ministry of Education.

Troubled mining group FairStar Resources has been put in the hands of receivers and managers with the appointment of PPB Advisory’s Simon Theobald and Melissa Humann.