Business News

Poseidon Nickel has entered into an agreement with Northern Star Resources to explore the use of its Black Swan operation to process gold ore.

PwC has appointed Michelle Tremain as the next managing partner, Perth. She will replace Justin Carroll in the role from the beginning of next year.

Mark Hohnen has been appointed non-executive director of Rift Valley Resources.

GR Engineering Services says it will continue to pursue legal action against Eastern Goldfields over its work at the Davyhurst operation, while also revealing it would defend Wolf Minerals’ $12.2 million claim notice over a project in England.

Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.

Local gold explorer Breaker Resources has announced an $11.5 million capital raising to fund ongoing work at its Lake Roe project near Kalgoorlie.

Black Star Petroleum has appointed Donald Jones as non-executive director following the resignation of David Chee Cheong Low from the board.

Engineering group Clough has suffered from a massive fall in operating profit for the 2017 financial year, as revealed by South Africa-based parent company Murray & Roberts.

Mining services business Ausdrill has delivered a solid full-year result on the back of strong performance in its gold operations in Africa, and is targeting further growth in the year ahead.

Peet managing director Brendan Gore says strong market conditions on the east coast helped the land developer achieve a higher net profit for the 2017 financial year.

Adrienne Parker has joined Fleetwood Corporation as non-executive director.

The Western Force has won its right to appeal the Australian Rugby Union’s decision to axe the team, while the ARU is set to be on the receiving end of a fresh wave of criticism after knocking back a large financial offer from billionaire Andrew Forrest.

Henderson-based Civmec has reported a slump in profit but says most of its order book will be realised in the coming year.

David Whitaker, one of the founders of Thred, has resigned as its executive director.

Crown Towers Perth has been named Western Australia’s best deluxe accommodation hotel at an industry awards ceremony, beating the likes of COMO The Treasury and Pan Pacific Perth.

Nickel miner Western Areas has returned to profitability and delivered a dividend payout, with plans to increase its exploration spending in the year ahead.

Justin Ferravant has been appointed chief financial officer and company secretary of Strike Energy.

Southern Cross Electrical Engineering has struck a three-year services agreement worth $20 million with Queensland utility Egon Energy.

Strike Energy has appointed current chief executive Stuart Nicholls as managing director, and Andrew Seaton as non-executive director.

ScreenWest has appointed its inaugural board as an independent not-for-profit organisation, having now completed its transition from a government agency.

Aspiring heavy rare earths miner Northern Minerals has raised $2.5 million from investors to fund ongoing development of its Browns Range project in the Kimberley.

The Supreme Court of Western Australia has reversed its decision to wind-up Eastern Goldfields after it was revealed the relevant debt of $383,000 was paid on the same day the winding-up application was lodged.

Hot Chili has appointed Randall Nickson, a Sprott representative, as non-executive director.

NRW Holdings has reported a profitable 2017 financial year, but has withheld a dividend payout following its acquisition of Golding Group.

Claremont-based Structural Monitoring Systems has inked an agreement with US airline Delta for the supply and use of its technology.

Roule Jones, current financial controller, has been appointed to the position of chief financial officer and company secretary of Orbital Corporation.

Diversified business Mineral Resources has delivered a turnaround result for the 2017 financial year, along with a higher dividend payout.

Seven West Media chief executive Tim Worner has wrapped up a controversy-laden year with a pay cut as the company suffered a $744 million loss, courtesy of persistent weak ad revenues and a massive writedown on its broadcast licences.

Metals X has temporarily suspended underground mining at its Nifty copper operation to undertake repairs.

Algae. Tec has appointed Jonathan Lim and RV Venkatesh as non-executive directors.