Fraser Beattie

Former Perth Wildcats chief executive and owner Andrew Vlahov has been flagged as the new head of thermal energy company Enerji, as the company announces a board shake-up.

Digital CC has completed a $3.5 million capital raising to fund the roll out of its remittance product AirPocket to Latin America and Caribbean markets.

Mining junior RNI says a number of recent cost-cutting measures included staff redundancies and salary cuts across the board, as the company announced a $26.5 million recapitalisation plan to pay off debt.

West Perth-based Liquefied Natural Gas Ltd has tapped investors for a $174 million capital raising to fund ongoing development of its two North American LNG projects.

Aziana has received firm commitments from its two largest shareholders for a $4 million capital raising it is undertaking as part of its reverse takeover of US-based biotech firm BrainChip.

Perth-based Matrix Composites & Engineering has flagged a number of redundancies and a $2.6 million impairment as it battles falling demand for its services in the tough economic climate.

The board of gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough funding.

A local consumer services technology company currently in the middle of a backdoor listing has welcomed former iiNet chief executive Michael Malone to its board as a director.

A wearable technology company founded by Perth entrepreneur Justin Miller and an Israeli medical cannabis company are the latest businesses planning to join the rush of backdoor listings on the ASX, though the news is not all positive with Voyager Global Group becoming the seventh company forced to cancel an announced deal in the past 18 months.

Poseidon Nickel says its Lake Johnston project could be up and running in just a few months, although at a higher cost following completion of a bankable feasibility study.

The state government has announced a $40 million package to reduce charges at the Utah Point bulk handling facility by up to $2.50 per tonne, in an effort to help junior miners continue to export iron ore.

Atlas Iron plans to resume production at its two closed iron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer-term viability.

Sheffield Resources says its promising Thunderbird mineral sands project near Derby will cost $394 million to develop.

Base metals miner Independence Group has emerged as the buyer of a small stake in Gold Road Resources, after a Canadian company sold down its holding.

Power generation company Pacific Energy has appointed James Cullen as its new chief executive, following Adam Boyd’s retirement from the role in March.

Local biotech firm Sun Biomedical has announced plans to buy Melbourne-based Dimerix Bioscience in exchange for a share package worth about $8.3 million.

Former Wallaby player and experienced minerals executive John Welborn will take the helm of Perth-based gold company Resolute Mining when outgoing CEO Peter Sullivan steps down in late June.

Private New Zealand company Todd Corporation has launched a takeover bid for Pilbara infrastructure developer Rutila Resources, following news yesterday that it has struck a deal to buy an associated iron ore mine from Flinders Mines.

AEG Ogden, Nationwide Venue Management, Perth Stadium Management, and Stadium Australia Operations have been shortlisted for the role of operator at the new Perth Stadium.

Explosives and chemicals manufacturer Orica has posted a 3 per cent dip in half-year profit to $211 million after being affected by reduced demand for its products in the mining sector.

TPG Telecom has lifted its stake in Amcom Telecommunications to 19.9 per cent, making it harder for Amcom to win approval at next week's shareholder meeting for its planned merger with Vocus Communications.

Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.

Biopharmaceutical company Bone Medical has announced plans for a reverse takeover and backdoor listing of a geospatial data intelligence company founded by Perth entrepreneur Amir Farhand.

Watpac Civil & Mining has won a $17 million contract to provide mining services to Ramelius Resources’ Kathleen Valley gold project near Leinster.

The state government has invited three consortia to develop proposals for the $1.6 billion Perth Freight Link project, including the potential construction of a tunnel.

Michael Chaney will take the role of chairman of conglomerate Wesfarmers when Bob Every retires at the company’s next annual general meeting in November.

New car sales were down 11.6 per cent in Western Australia, with nearly 1,000 fewer cars sold in the month of April.

Former federal Treasury secretary Ken Henry will take the helm of National Australia Bank’s board when chairman Michael Chaney retires at its next annual general meeting in December.

Half of the board of Southern Cross Electrical Engineering has walked off the job, including chairman John Cooper, after it flagged a change in direction, a number of redundancies and cost-saving initiatives in response to the tough climate for local contractors.

The Chamber of Commerce and Industry WA has applauded initiatives introduced by the federal government to cut red tape for small business.

West Perth-based oil and gas explorer Orca Energy has announced former mining magnate Nathan Tinkler will be its new executive chairman after participating in the company’s $20 million capital raising.

Engineering and construction firm Valmec has won a contract to supply its services to APA Group’s $140 million Eastern Goldfields Gas Pipeline project for an undisclosed sum.