Business News

Myanmar Metals is seeking to raise $30 million for its flagship Bawdwin zinc-lead project in the South East Asian country, via a share placement and rights issue.

NRW Holdings’ subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto’s Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.

Seven West Media has flagged a fall in full-year earnings of up to $25.6 million, which the Kerry Stokes-owned company blamed on a weak advertising market.

Our daily board moves wrap includes Michael Konnert, Vince Ippolito, Patrick Holywell, Anthony Mankarios, Keith Smith, Travis McKenzie, Tim Wilson, and XiaoHua Liu.

Norwood Systems has closed its partially underwritten one-for-four entitlement offer, raising $1 million. Valid applications were made for $289,786 of shares, at 0.3 cents a share.

Southern Cross Electrical Engineering has announced a number of new awards, led by its East Coast-based subsidiary, Heyday.

Privately-owned Perth company Perron Group has added to its vast property portfolio by purchasing a 50 per cent stake in Sydney's Westfield Burwood shopping centre for $575 million.

Botanix Pharmaceuticals has appointed Vince Ippolito as its president in the US, and subject to shareholder approval, he will also assume the role of executive chairman for the company.

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Shares in NRW Holdings have closed trade up 10.65 per cent, after it secured an earthworks contract at Rio Tinto’s $3.5 billion Koodaideri iron ore project in the Pilbara.

Virgin Australia expects to report a full-year underlying earnings loss of at least $35.6 million and has warned that weaker domestic demand could push that out further.

Managing director and founder of KAS Accounting Solutions Jodie Silvester has won the 2019 Telstra Australian business women’s small business award.

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Barnaby Egerton-Warburton has been appointed non-executive chair of Hawkstone Mining.

Prodigy Gold has signed a $14.5 million joint venture and exploration farm-in agreement with Newmont Mining at Prodigy’s Tobruk project in the Northern Territory.

Alliance Mineral Assets has raised $32.5 million via two share placements, including with Galaxy Resources, with the funds set to primarily go towards upgrades at the processing facilities at its Bald Hill lithium and tantalum mine.

Our daily board moves wrap includes Todd Richardson, Rod Evans, Paul Hopper, Stephen Carter, HongBing Zhang, RuoYun Zhang, Tun Yiu Kei, Tommy Cheng, and Edward Siew.

Gold producer St Barbara has agreed to acquire 100 per cent of Canadian miner Atlantic Gold Corporation for $768 million.

The first two weeks of May have seen a total of 34 insolvency appointments to WA-incorporated companies.

Joel Ives has resigned as company secretary and Francisco Barreto has resigned as non-executive director of Orinoco Gold.

BHP Group will retain its Nickel West business, with a potential expansion of the company's WA nickel operations likely to generate a higher return, with higher risk, than the Scarborough LNG development.

Georgiou Group has been awarded a design and construction contract to upgrade a section of Karel Avenue to a dual carriageway to ease congestion around the Jandakot industrial area.

Our daily board moves wrap includes Peter Williams, Marat Abzalov, Brett Tucker, John Stergiou, Andrew Van Der Zwan, Robert Martin, George Giannakis, Steve Scudamore, and Ross Kestel.

Bentley-based Quantify Technology has entered into a three-year agreement with Harvey Norman’s commercial division, which will see the franchise become the company’s exclusive distributor in the eastern states.

Aurecon has been awarded $8.5 million of detailed design works by the Public Transport Authority of WA for the proposed Bellevue railcar deport, as part of the $165 million Midland line extension project.

Artemis Resources has appointed executive director Edward Mead as interim chief executive.

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ConocoPhillips has awarded the first engineering contract for its Barossa offshore project to Technip Oceania for the supply of the subsea production system and associated installation support.

The state government announced it would spend $11.6 million on the installation of solar farms and energy storage in remote Aboriginal communities as part of this years’ State Budget.

Ian Clyne has been appointed non-executive chair of Geopacific Resources, following the retirement of Milan Jerkovic after 5 years in the role.

TPG Telecom shares have crashed along with those of Vodafone's local joint venture partner after the competition watchdog blocked the communications giants' $15 billion merger.

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