Business News

Peter Meagher has been appointed non-executive chair of Castillo Copper.

Strategen Environmental has appointed Kane Moyle senior principal. He will lead the mining, audit, government approvals and strategy team.

Lithium hopeful Prospect Resources has repriced its recently announced $10 million capital raising, with last week's slump in the stock market forcing the company to drop the proposed share price.

Ramon Soares has resigned as chief financial officer and company secretary of Activistic due to other commitments.

The state government has endorsed findings by the Environmental Protection Authority that will allow for urban development on a portion of land near an Alcoa waste dump in Perth's southern suburbs.

Perth-based Eden Innovations has postponed a planned $6 million capital raising in response to this week's stock market weakness.

Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.

Decmil Group has been awarded two contracts totalling $37 million for road construction work in Victoria, which includes $29 million worth of work for VicRoads

Cherie Leeden has been appointed vice president of exploration at iCobalt. Ms Leeden is based in North America, close to the iCobalt projects in Ontario.

Former BGC Residential chief executive Kelvin Ryan has been appointed as managing director at Melbourne-based building company Simonds Group.

Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.

Thousands of Western Australian scam victims could be refunded millions of dollars after US legal authorities issued Western Union a $US586 million ($750 million) penalty for aiding fraud over a 13-year period.

Plymouth Minerals has appointed Ryan Parkin as general manager of corporate development.

Australia's major banks are under mounting pressure today, with a draft report from the Productivity Commission raising doubts about competition levels as regulators apply more scrutiny to three of the 'big four'.

CIMIC Group's shares have soared after the construction giant raised its dividend by 13 cents on the back of a 21 per cent lift in full-year profit and forecast a rise in profit in the year ahead.

The state government has announced the formation of a development committee to guide three key projects in Bunbury, with Bunbury Chamber of Commerce and Industries president David Kerr and The Apprentice and Traineeship Company chief executive Stan Liaros among those selected for the committee.

Bankwest has recorded a $339 million net profit for the first half of the financial year, fuelled by solid income growth and flat expenses, along with lower loan impairments compared to 2016.

Former Cricket Australia senior manager Sam Almaliki has been appointed executive director of Activistic.

The Australian share market has suffered its biggest one-day fall in more than two years, wiping around 3.3 per cent from its value, after Monday night's plunge on Wall Street.

The state's automotive industry got off to a positive start in 2018 with a rise in new vehicle sales for January, compared to last year, on the back of increased SUV and light commercial vehicle sales.

African Energy Resources has announced that current managing director Frazer Tabeart will become an executive director of investor relations and business development, and Bill Fry becomes executive

Four contractors have been invited to submit proposals for the design and build of the $50 million Wanneroo Road and Joondalup Drive interchange, which is set to begin construction mid-year.

Celsius Resources has appointed Edward Legg as project development manager for its 95%-owned Opuwo Cobalt Project in Namibia.

Aspiring graphite miner Hexagon Resources has signed a non-binding offtake agreement with a Chinese building company for 30 per cent of the company's planned production at its McIntosh project in the Kimberley.

West Perth-based CBH Group has recorded a grain harvest of 13.2 million tonnes for the 2017-18 season, well above initial estimates following good finishing rains.

Rare earths developer Northern Minerals has lifted the limit on its share purchase plan to $15 million on the back of strong demand from existing shareholders.

Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.

Cadell Buss has been appointed independent non-executive director of Atlas Pearls.

Peninsula Energy has signed an agreement to sell a portion of its interests in an existing long-term uranium sale and purchase deal for $US19 million ($23.7 million).

Copper and gold explorer Stavely Minerals has raised $8.3 million via a share placement and share purchase plan, with the company completing drilling programs at a number of tenements on the east coast.