Business News

Daniel Moore has resigned as non-executive director of iCollege.

Newly-listed Wide Open Agriculture has signed a management agreement with a Netherlands-based investor and a group of Western Australian farmers in relation to a $4.3 million property in the Wheatbelt.

Fortescue Metals Group has posted a 58 per cent drop in annual profit for the 2018 financial year compared with the previous period, but has increased its dividend payout ratio to shareholders.

Gold miner Gascoyne Resources has announced a $19 million equity placement, along with a share purchase plan to raise up to $5 million.

Linton Putland has been appointed non-executive director of Breaker Resources.

The state government is investigating the death of a haul truck driver at Rio Tinto’s Paraburdoo mine, which occurred last night.

Shares in Sultan Resources began trading on the ASX today, after the company raised $4.8 million via an initial public offering.

The Corruption and Crime Commission has recommended criminal charges be laid against three former public servants and at least 10 private sector contractors after highlighting corrupt practices at the North Metropolitan Health Service.

Australian Potash has appointed experienced mining industry executive and director Jim Walker as non-executive chair.

Wesfarmers has suffered a 58 per cent drop in full-year net profit after taking more than $1.3 billion in costs and losses on its disastrous Bunnings UK exit and a $300 million write-down on underperforming Target, while also announcing leadership changes at its department stores.

Dr Po-Tao Wei has been appointed executive director of Black Star Petroleum.

Copper-focused Tempus Resources is set to list on the ASX tomorrow, after the company raised $5 million via an initial public offering.

Resources logistics company Bis has appointed former Broadspectrum chief executive Graeme Hunt as its new chairman to replace the retiring Charles Lenegan, while non-executive director John Beevers is also retiring.

A joint venture between Minderoo Group-owned Squadron Energy and Goshawk Energy has been awarded a series of petroleum tenements in the Canning Basin.

Matt Smith has been appointed to a newly created role of chief commercial officer at Aspermont, a leading media services provider to the global mining and resources industry.

A joint venture between Perth companies Ausdrill and Barminco has been awarded a $US160 million ($220 million) mining services contract for Roxgold in West Africa.

Gage Roads Brewing Company has won a five-year beer and cider supply contract with nib Stadium, adding to a similar deal with Optus Stadium.

Pindan is set to expand its operations to the Gold Coast, after being granted development approval for a 25-storey apartment building.

The board of APA Group has accepted a $12.98 billion takeover offer from a consortium led by Hong Kong's CK Infrastructure (CKI), in a deal that will see major gas pipelines in WA sold to a new owner.

Robotic technology company Fastbrick Robotics (FBR) has appointed Nancy Milne OAM and Andrew Bloore as non-executive directors, following the retirement of Gabriel Chiappini from the board and as j

HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.

ShuQing Xiao has been appointed non-executive director of Energy Metals.

Crown Perth posted a slight increase in normalised earnings for the 2018 financial year, helped by added revenue from Crown Towers, while its parent company reported a full-year profit of $558.9 million.

Mark Freeman has been appointed business development manager of Calima Energy.

Perth-based Veris has announced contracts worth $5.6 million with Rio Tinto, BHP and Bunnings through subsidiary Aqura Technologies.

Operations at Doray Minerals’ Deflector gold-copper mine in the Murchison region have been halted after a fire broke out at the site early this morning.

An independent community school in Perth has received a $2.5 million gift, after being donated the property and assets of another school that has closed its doors.

Geraldton-based LogicIT has been awarded $1 million worth of state government grants to provide broadband coverage to farmers in the Mid West region.

Seafarms Group has appointed Hisami Sakai as non-executive director.

WA-based Azark Projects is calling on the federal government to review its preference for a nuclear waste storage facility in South Australia, with the George Gear-led company proposing Leonora as a more suitable location.

Perth-based tech company Velpic has struck a deal to sell its primary business to Damstra Technology for about $3.8 million, weeks after most of its staff were made redundant.

RCR Tomlinson managing director Paul Dalgleish has stepped down from his role as the company investigates cost overruns at one of its projects.