Business News

Canada-based Pacton Gold has announced the acquisition of two gold projects in the Pilbara worth about $5.8 million in the past week.

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.

Experienced biotech and pharmaceuticals professional, Dr Nina Webster, has been appointed chief executive and managing director of Dimerix.

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.

Australian Mines has exercised an option to purchase a cobalt project in New South Wales from Jervois Mining in a deal worth $4 million.

Australasian Resources has appointed Louisa Martino Youens as company secretary, following the resignation of Grant Ryan.

Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.

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

Kerman Contracting has won a $23.5 million contract with Talison Lithium to build a bulk storage facility at the inner harbour of the Port of Bunbury.

Decmil Group has announced a capital raising for up to $50 million to allow the company to tender for larger infrastructure and defence contracts.

Peter Scott will join inaugural member Curtis Rodgers as member of FBR's advisory committee.

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.

Advanced materials company, First Graphene, has apppointed Neil Armstrong as chemical & process engineer.

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.

Perth-based Canyon Resources has raised $5 million to fund exploration at the company's Minim Martap bauxite project in Cameroon.

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.

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.