Nicholas Clarke

Perth companies MCS Security Group and Intiga Security are planning to list on the ASX through a reverse takeover of Red Gum Resources, following a similar move by Threat Protect Australia, which is also pursuing a backdoor listing.

Panoramic Resources has responded to the slump in nickel prices by halting production in the Deacon orebody at its Lanfranchi project, resulting in half the project staff being laid off over the weekend.

Sirius Resources has announced that it has nominated Belmont-based Zenith Pacific as its preferred tenderer to build, own, operate and maintain a combined diesel-solar power station at Sirius’ Nova nickel project in Fraser Range.

Perth-based company Empire Oil and Gas has announced that it expects to triple its cash sales this financial year as it begins tranche 2 of its gas sales agreement with Alcoa.

The state government has announced a $20.2 million investment into regional aged care under its Royalties for Regions scheme.

Perth-based telecommunications business Vonex’s backdoor listing through acquisition by Aleator Energy has received a big boost after the Aleator share purchase plan closed 374 per cent oversubscribed.

Perth-based engineering and construction company Monadelphous today announced new contracts worth $130 million.

RNI shares leapt this morning on news that the company is selling its Grosvenor gold project to Metals X in a scrip deal that will help the company refocus on its copper assets.

Engineering services contractor Wood Group Kenny Australia has been awarded a US$6 million contract for work on the Browse floating liquefied natural gas development.

Buru Energy has announced the termination of its gas sales agreement with Alcoa of Australia.

Encounter Resources shares dropped today after the announcement that Antofagasta Minerals Perth had withdrawn from the from its previous Yeneena copper project $US20 million farm-in agreement.

Buru Energy’s Ungani oilfield was today officially opened by Mines and Petroleum Minister Bill Marmion.

Mt Barker winery West Cape Howe Wines was named best value winery of the year at last night’s Halliday Wine Companion Awards.

Raw Hire will close its Pilbara vehicle hire operations in response to the mining slow down.

Shares in West Perth nickel miner Mincor Resources fell today with the announcement of its quarterly results, which reported a $1.51 million operating loss for the quarter and an unaudited $17.68 million profit for the year.

Fremantle-based marine services company MMA Offshore has announced that it expects to make a $120 million non-cash impairment for the 2015 financial year.

Shares in Perth-based African oil explorer Pura Vida Energy took a hit today, dropping more than 50 per cent after it advised that a key exploration well in Morocco had produced disappointing results.

Perth-based ICT and cloud services company Zetta Group has secured a multimillion dollar contract with Western Power to provide end-user computing support to its staff.

West Perth-based miner Base Resources closed the day up 4.5 per cent to 11.5 cents a share after its quarterly report announced record sales volumes across all its products.

Belmont-based NRW Holdings has been awarded a $140 million contract with Rio Tinto.

The 2015 Perth International Arts Festival has won national acclaim, bringing home nine Helpmann Awards at a ceremony last night.

Perth-based medical cannabis company Phytotech Medical has completed its $20.7 million merger with Canada-based firm MMJ Bioscience and raised $4.8 million in an oversubscribed placement to sophisticated investors.

Atrum Coal shares almost halved in price after the company announced a heavily discounted entitlement offer to raise $5 million.

Perth-based education provider Navitas has announced a 39 per cent profit increase and unchanged dividend for the 2015 financial year.

Water Minister Mia Davies announced the completion of one project and the start of two others to improve Water Corporation services at Perth’s northern edge and in the Wheatbelt.

Heron Resources has announced an equity funding package with London-based private equity fund Greenstone Resources of up to $20 million.

iiNet shareholders have shown their continued interest in the business, with a large number choosing to take TPG’s share offer rather than cash.

BC Iron has released its quarterly activities report, announcing successes in cutting costs but has foreshadowed a future impairment.

Fleetwood Corporation shares jumped today after the company sold the Osprey key worker village in Port Hedland to the government for $62.2 million, which will be used to reduce its net debt to zero.

Southern Cross Electrical Engineering shares jumped nearly 13 per cent today to their highest price since March, after the company announced an annual loss but maintained its dividend and was cautiously positive about its outlook.

Pact Construction has begun work on Bethanie’s $58 million aged care facility in Gwelup.

Iluka Resources has agreed to new royalty terms with BHP Billiton.