Jessica Mascione

Construction company John Holland said it was seeking more than $300 million in compensation from the state government, following a two-year dispute in relation to the Perth Children's Hospital contract.

Four hundred Metals X employees and contractors have lost their jobs after the company halted operations at its Nifty Copper mine today, one day after another Pilbara miner Millennium Minerals entered into voluntary administration.

NRW Holdings today confirmed it expected 35 per cent growth in revenue this year, helped by the recently acquired RCR Mining Technologies, but was coy on its plans to purchase BGC Contracting.

Gold explorer Catalyst Metals has entered a farm-in and joint venture agreement with major shareholder St Barbara to explore its Drummartin project in Victoria.

Rio Tinto has partnered with Amazon Web Services and startup accelerator BlueChilli to develop a four-year national program designed to prepare young Australians for a digital workforce.

A consortium comprising national firms CPB Contractors and Downer has been selected as the preferred contractor for the Yanchep and Thornlie-Cockburn rail projects, with construction expected to commence in May next year, well after the state government's goal of starting this year.

West Perth-based APM has been forced to lift its takeover bid for ASX-listed Konekt for a second time, increasing its offer price from 64 cents to 70 cents per share, to match a second higher offer from competing bidder Maximus.

Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.

Panoramic Resources and Independence Group have entered into a confidentiality deed which allows IGO to conduct due diligence on Panoramic and its Savannah nickel mine, in relation to an off-market takeover offer launched earlier this month.

US-focused Winchester Energy has received commitments to raise $6.4 million through a share placement to fast-track oil exploration and production activities at its Permian Basin project in Texas.

Perth-based Veris has sold its advisory service arm Elton Consulting to global engineering group WSP for $13 million, in a bid to retire debt and strengthen the company's cash position.

Perth-based Mincor Resources has received commitments to raise $30 million through a placement, backed by major shareholders Andrew Forrest and Independence Group, and is looking to raise a further $5 million through a share purchase plan.

The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.

Perth-based Meteoric Resources has received commitments to raise $7 million through a share placement to accelerate its Juruena and Novo Astro gold projects in Brazil.

Engineering company Monadelphous has secured a five-year, $100 million contract for maintenance work across Rio Tinto’s iron ore mines in Western Australia.

Cottesloe’s Napoleon Street is the best performing retail strip in Perth, according to new research by Ray White, with vacancy dropping from 6.9 per cent to zero in two years to September 2019, while Subiaco, Leederville and Mt Lawley have had big increases.

Ocean Grown Abalone is seeking to raise $2.9 million through a one-for-eight rights issue to progress the feasibility and development of its Esperance hatchery and grow-out project in Western Australia.

The widening of Mitchell Freeway near Joondalup and a train station at Lakelands are some of the new projects to be funded from a $940 million, four-year infrastructure stimulus package announced today.

Mining contractor MACA has secured open pit mining works for the restart of First Quantum Minerals’ Ravensthorpe nickel mine, which it said would generate $480 million in revenue over an initial five-year term.

Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.

House values are predicted to rise next year in every Australian city except for Perth, which could experience a further 5 per cent decrease, according to an economics report from HSBC.

Subiaco-based tech company K2fly has signed a five-year contract with Rio Tinto for the provision and implementation of its RCubed resources software across 20 reporting sites.

Lithium miner Galaxy Resources said it would scale back operations at its Mt Cattlin mine in Ravensthorpe to help reduce costs until the electric vehicle market improves.

Perth-based IT services provider Empired said it would replace revenue lost this year with recently signed management services contracts, delivering $5 million in recurring annual revenue for the company.

African-focused gold explorer Tietto Minerals announced it would raise $17 million through a share placement, primarily to fund drilling at the company’s Abujar project in Côte D’Ivoire.

Rio Tinto said it will subscribe to $326 million rights shares of Energy Resources of Australia, which has been desperately seeking funds to close and rehabilitate the controversial Ranger uranium mine.

West Perth-based Talga Resources is seeking to raise $6.25 million through a share placement and purchase plan, primarily to fund the development of its graphite project in Sweden.

Biotech company Phylogica announced it had increased its shareholding in Vision Pharma to 90 per cent, following a $15 million investment using funds it had raised through a recent rights issue.

Takeover target Panoramic Resources revealed today operational performance at its Savannah nickel project would be below previous forecasts over the next four months and that it would need to raise extra capital, with bidder Independence Group saying it would now review its offer.

Western Australia has recorded the largest increase in employment of any state for the month of October, up by 6,300 people, but its unemployment rate has remained static at 5.7 per cent, according to the latest data from the Australian Bureau of Statistics.

WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.

Fortescue Metals Group has agreed to a $6 million farm-in with Carawine Resources to explore its Paterson project in Western Australia, and a $2 million farm-in with Reward Minerals to explore its potash tenements in the McKay range.