Business News

The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.

Walkabout Resources has announced that Allan Mulligan will step down as managing director, but will remain as executive director. Current non-executive chair Trevor Benson will become executi

Constructive recruits Gherardi

Elders has announced plans to expand its real estate presence in the South West through the acquisition of Bunbury-based Southern Districts Estate Agency for an undisclosed sum.

The federal government will oversee the importation of marijuana into the country from overseas until domestic supply ramps up, giving patients easier and quicker access in the interim.

Gold miner Doray Minerals says it expects to report a $40 million-$45 million impairment charge against its Andy Well and Deflector gold mines, with the former operation also expected to deliver an operational loss for the financial year.

Glenn Fowles has been appointed company secretary of Global Health. Mr Fowles takes over this role from Steven Pynt, who will remain on the board as non-executive chairman.

WA Labor has proposed a repurposing of the existing WA Future Fund into a new $1.1 billion Future Health Research and Innovation Fund that will collect annual interest, if elected next month.

Local entrepreneur Tim Brewer has joined a cohort of mentors and advisers for a new Perth-based startup accelerator program, Plus Eight, which will begin in March, around the same time Commonwealth Bank of Australia will bring its Pop Up Innovation Lab to town.

Perth-based explorer Australian Mines has announced plans to raise up to $6.3 million from investors to fund ongoing work at its Sconi and Flemington scandium-cobalt projects.

Gold miner Beadell Resources has rattled the tin for $51 million to pay for plant upgrades and further exploration work at its Tucano mine in Brazil.

BHP Billiton has extended its partnership with indigenous organisation Kanyirninpa Jukurrpa, following the announcement of a $14.7 million contribution to the Martu Ranger program over the next five years.

Gold has firmed as the US dollar has softened, although trading was thin due to the US holiday and as markets awaited details on President Donald Trump's tax policy.

Graeme J Clatworthy has resigned as non-executive director of Rift Valley Resources, but will remain as a consultant on the Angolan operations and administration.

Rare earths explorer Arafura Resources has announced a $5.1 million capital raising to fund ongoing work at its Nolans project in the Northern Territory.

Shares in local explorer Ausquest have surged on news the company has struck an agreement with BHP Billiton spin-off South32, with the two companies to form a joint venture over prospective projects.

Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search's operations in Papua New Guinea, in a deal worth up to $US250 million.

Admedus has appointed Simon Buckingham as non-executive director. Michael C Bennett has resigned as executive director.

Perth-based Fleetwood Corporation has posted solid results for the half year, with revenue higher and profit surging, but no dividends declared.

Shares in copper explorer MOD Resources closed higher on promising drill results at the company's T3 copper operation in Botswana.

Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

Medibio has appointed US-based Jack Cosentino as chief executive and managing director.

Mineral Resources has flagged a full-year earnings upgrade of 25 per cent for the 2017 financial year, after achieving a 191 per cent lift in net profit.

Civil and mining contractor NRW Holdings says it is well placed for more earnings growth and it is seeking new partnership and acquisition opportunities, after lodging a solid net profit for the fi

Chinese conglomerate Shandong Tyan Home has acquired its second gold mine in Western Australia, reaching an agreement to buy the Southern Cross Gold operation in the Yilgarn for $330 million.

UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.

Paul Matysek has been appointed non-executive chair of Equator Resources. Michael Naylor has resigned as non-executive director but will remain as company secretary.

Wyllie Group-backed Viburnum is set to receive a big payout when fintech Rubik Financial, in which it is a substantial shareholder, is acquired by Geneva-based banking and finance software firm Temenos for $68 million.

Perth-based NRW Holdings has won a $40 million contract to provide its services to Macmahon Holdings, which is operating at Newcrest Mining's Telfer gold mine in the Pilbara.

Cash Converters has appointed Ellen Comerford and Andrea Waters as independent non-executive directors.