Eastern Goldfields' executive chairman and largest shareholder Michael Fotios has resigned from the embattled gold miner, while US investor Hawke’s Point Holdings looks set to increase its stake in the company after agreeing to buy some of its debt and support a planned recapitalisation.
Opposition leader Bill Shorten has promised Western Australia a legislated floor in GST payments, saying Labor is on a unity ticket with the Coalition to deliver a fairer carve-up.
Neil Warburton-led Coolgardie Minerals is set to list on the ASX tomorrow, while shares in Black Dragon Gold began trading today following a $6 million initial public offering.
Shares in Sheffield Resources have reached their highest mark in nearly four years after the company won a National Native Title Tribunal ruling, which allows for a mining lease to be granted at its Thunderbird mineral sands project in the Kimberley.
Outgoing Foreign Minister Julie Bishop has confirmed she will remain as the member for Curtin despite moving to the backbench following last week’s leadership spill.
Local tech company DTI Group has secured a $5.9 million contract to supply a CCTV surveillance and passenger information system on a fleet of trains in Melbourne.
Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.
A former UWA Student Guild staff member who stole around $560,000 has been sentenced to a four year jail term, after Business News reported in 2014 he had left his role and that accounting firm BDO had been hired for a forensic audit.
Mining contractor MACA has reported a decline in net profit for the 2018 financial year, impacted by poor weather conditions across its Western Australian operations, but has announced a $1.28 billion order book.
Poseidon Nickel has announced a $74.6 million capital raising, backed by Andrew Forrest’s Squadron Resources, days after US group Black Mountain Metals pulled out of a $66 million takeover proposal.
Automotive Holdings Group has reported a decline in operating profit for the 2018 financial year, citing weakening demand in Western Australia despite positive economic indicators.
Dr Samantha Ravich has stepped down as a member of DroneShield’s advisory board following her appointment by President Donald Trump to become vice chair of the President’s Intelligence advisory boa
Perth-based GR Engineering Services has recorded a slight decline in net profit for the 2018 financial year due to two settlement claims, despite an uptick in the group’s revenue.
Pacific Energy has added a 17-megawatt power station to its recent contract at Mineral Resources' Wodgina lithium project, taking the total contract value to $30 million.
International real estate services company Cushman & Wakefield has been appointed as facility manager of the new Woodside headquarters in Perth, with former Knight Frank director Bret Madden brought on to lead the on-site team.
GR Engineering Services has been awarded a $17.9 million design and construction contract for a backfill plant at gold miner Saracen Mineral Holdings’ Carosue Dam operations near Kalgoorlie.
Mining giant BHP has posted a 37 per cent drop in full-year year net profit after taking heavy writedowns on its US shale assets, while iron ore production lifted slightly to 275 million tonnes.
