Simone Grogan

Dundee Corporation has upped its stake in Ausgold under a 4 cents per share capital raising, under which the explorer gained a new institutional investor.

WCA Solutions has found new ownership in a husband-and-wife duo who have bought the business from founder Heather Warner.

Shares in the Chile-focused copper play closed 16 per cent higher after confirming its biggest shareholder had reserved more than half of copper output from its Costa Fuego project.

Construction is set to start this month on a new $32.5 million football centre in Queens Park, overseen by Perth-based builder Broad Construction.

CIMIC subsidiary CPB Contractors has booked a $395 million contract for surface civil and alignment works for the Western Sydney Airport rail link.

Peter Wade has stepped down as Mineral Resources’ non-executive chair after spending a decade in the role and 23 years overall with the WA iron ore play.

Fortescue Future Industries and Williams Advanced Engineering have started developing a regenerating battery electric train as one of the first projects under their new partnership.

IGO has walked away from talks first reported last month regarding Glencore’s CSA copper mine in New South Wales without a commercial agreement.

Mader shares were boosted on the back of a half-yearly update that observed a $44 million uptick in revenues as the heavy equipment and services provider works to build its international presence.

Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.

APM Human Services has tabled its first half-yearly report since debuting in a $982 million IPO last year, reaffirming its commitment to a dividend while posting a $42.7 million net loss.

Cash Converters has booked stronger revenues for the half-year despite losing a quarter of its trading days to the pandemic, but a revaluation of its stores has hindered the Perth-founded franchise's bottom line.

Tourism and property developer Sevens Group Australia has been appointed to redevelop the Nedlands Bath Site into a boutique hotel, function centre, restaurant and café.

Australian contractor CIMIC has told shareholders to take no action in response to a takeover proposal from majority shareholder HOCHTIEF that lifted shares by 33 per cent.

Shares in Decmil fell 11 per cent after posting a $3.9 million loss for the half-year, alongside a lift in revenue, as the company picks up more work but grapples with labour availability and contract disputes.

Rio Tinto will shell out its highest dividend ever after delivering a record $US21.1 billion ($A29bn) profit for 2021.

Nev Power has stepped down as chairman of Perth Airport and taken a leave of absence from Strike Energy and APM, ahead of his sentencing for breaching COVID travel rules.

Peel Mining is seeking to raise $23 million to advance its South Cobar copper project in NSW while making a number of board and management changes.

The explorer-turned lithium producer delivered a maiden profit but downgraded its production forecast for the second time in two months.

WA contractors Monadelphous and Perenti both enjoyed improved revenues during the first half of the financial year, but labour and productivity constraints continue to hamper the sector.

The City of Perth has offered free night time parking, free alfresco dining and $5,000 cash grants to support businesses as COVID-19 curbs visitor and worker activity in the CBD.

Shares in Carawine Resources rose 33 per cent following an all-cash takeover bid from Christopher Wallin-affiliated company QGold, which also took up a large stake in the explorer.

MACA’s revenues and earnings were driven by a strong pipeline of work during the half year despite a stifled labour market.

Revisions to Hastings’ rare earth project have more than doubled its forecast return to $1 billion, but higher labour and commodity prices have run up capital costs by $142 million.

With its Western Areas acquisition still in progress, IGO has responded to media speculation surrounding a copper mine deal with Glencore.

Superior Lake Resources will undergo a name change amid plans to develop a large-scale solar energy project in WA’s South West.

After nearly a century in business, Galvin Engineering is laying firm plans for its fourth generation of family leadership, with Tim Galvin to join his father and uncle as co-owner and director.

Telecommunications infrastructure company GenusPlus is set to acquire private Queensland business Pole Foundations Australia for an upfront $22 million in cash and shares.

Andrew Forrest’s Wyloo has agreed to back IGO’s $1.1 billion purchase of Western Areas as well as collaborate on nickel downstream processing opportunities under a newly formed partnership.

Bill Beament-led Develop will pay up to $100 million for Heron Resources and the Woodlawn copper-zinc mine in NSW, seven months after the developer went into administration.

Wesfarmers says roughly 34,000 trading days across its stores were affected by pandemic restrictions, resulting in a 14 per cent profit fall and a leaner dividend.

ANZ has forecast house price growth to slow as mortgage rates climb in 2022, but says most households are well-placed to weather tighter financial conditions.