Peter Hood

Coogee Chemicals' oil and gas sister company Coogee Resources has announced it is "keen to move quickly" towards development of its Timor Sea oil fields following a "significant" discovery at its Swift North-1 field.

Investment bank Babcock & Brown has invested an estimated $300 million in Gordon Martin's Coogee Resources Ltd, five months after Coogee scrapped plans for a $380 million public share offer and stockmarket float.

Atkins heads CCIWA

A Perth supplier of industrial water systems backed by local executives Peter Hood, Andy Byk, Gary Steinepreis and Tom Henderson, has continued its rapid growth with an acquisition in Queensland.

Matrix Composites & Engineering said today that changing market conditions had resulted in production rates being below expectations and forced it to work with its lenders to ensure adequate funding.

Former CCIWA president and current director Peter Hood has been elected president of the Australian Chamber of Commerce and Industry.

Matrix Composites & Engineering lifted its half-year profit by 29.4 per cent compared with the previous corresponding period, despite dropping 20.2 per cent in revenue.

The founder of GR Engineering Services and long-serving director of Mineral Resources, Joe Ricciardo, has retired for undisclosed personal reasons.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining. Guo Qing Li has resigned as a director of Siburan Resources. Mr Li has been a director of the company since August 5, 2015.

Michael Bourne has resigned as executive director at ATC Alloys.Atlas Iron has appointed general counsel Bronwyn Kerr as joint company secretary. 

Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.

Catherine Costello has resigned as chief financial officer of Admedus. Ms  Costello was also company secretary and interim executive director until October.Grant Thomas has resigned as executive director of Amani Gold.