Business News

BHP Group said today it expected its Pilbara iron ore production to be reduced by between 6 million tonnes and 8mt this year because of the impact of flooding on its rail network and Port Hedland operations..

The Reserve Bank of Australia has kept the official cash rate at a record low of 1.5 per cent as widely expected, but most economists believe a rate cut is around the corner.

Andrew Penkethman has been appointed chief executive of Ardea Resources.

The state government has announced it will spend $34.7 million over four years on the Office of Digital Government to transform digital processes in the Western Australian public sector.

Louis Vuitton will leave its upmarket King Street location and move into the Raine Square redevelopment in the CBD after signing a new long-term lease with Charter Hall.

Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.

Wellard has sold its Wongan Hills feed mill, and Baldivis Pre-Export Quarantine lease in Western Australia, as well as its Condah Pre-Export Quarantine facility in Victoria, to Ausvision Rural Services.

Rio Tinto has revealed its full-year Pilbara iron ore shipments are expected to be at the lower end of its 338 million to 350 million tonnes guidance, after Tropical Cyclone Veronica damaged its Cape Lambert port.

Rosheen Garnon will succeed Susan Thomas as non-executive chair of Alexium International Group.

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.

Perth’s Yagan Square, developed by the Metropolitan Redevelopment Authority, won two awards at last night’s UDIA National Awards.

Sime Building and Construction has won an $8.36 million contract to construct an indoor sports and recreation centre.

Our weekly appointments wrap includes Christine Allen, David Lock, Steve Cuzens, Jared Dimbley, Zoe Tsagalis, Eu-Min Teng, Marianne Rose, Angela Beechey and Anwen Pattinson.

Nick Cernotta has been appointed non-executive director of New Century Resources.

Construction has officially commenced at Albemarle Corporation’s Kemerton lithium plant, which is expected to cost in excess of $1 billion and create 500 construction jobs and another 500 operational jobs in the south-west of Western Australia.

Pilbara Minerals has announced it is considering selling between 20 per cent and 49 per cent of its Pilgangoora lithium project, as it declared commercial production from the processing plant.

Monadelphous has won a second contract for BHP Group's South Flank iron ore project, just over a month after it secured an $108 million contract at the site.

Struggling gold miner Gascoyne Resources has announced a share placement and rights issue at a 50 per cent discount to its previous closing price, as it seeks to pay down some of its mounting debts.

Geopacific Resources has raised $4.3 million via a share placement, with the funds set to advance due diligence in relation to the financing of its $198.5 million Woodlark gold project.

Tropicana gold project joint venture partners AngloGold Ashanti and Independence Group have approved the development of a new underground mine at a cost of $105 million.

Centennial Mining Limited, Maldon Resources Pty Ltd, ACN 120 508 143 Pty Ptd formerly known as 'Underworld WA Pty Ltd', Knightly Corporation Pty Ltd ta Launch Film Productions, Robayne Pty Ltd, Jang's Kitchen and Cleaning Pty Ltd, Fernhall Pty Ltd, Waterside Apartments Pty Ltd, Jacmah Enterprises Pty Ltd, Hydetech Electrical Services Pty Ltd ta Greenstate Electrical, Trouconstruct Pty Ltd, Downunder RV Australia Pty. Ltd., Expo Document Copy Centre (W.A.) Pty Ltd, Limelite Investments Pty Ltd, The Scaf Family Pty Ltd, Future Grid Electrical Pty Ltd, Master Gill Pty Ltd, King Shepherd Cleaning Pty Ltd, Pigeonhole Wholesale Pty Ltd, Western Australian Treated Timber Supplies Pty Ltd, Carnegie Clean Energy Limited, Energy Made Clean Pty Ltd, EMC Engineering Australia Pty Ltd, EMC Co Pty Ltd, Bregma Pty Ltd, VSM 3 star Hospitality Pty Ltd, Trinity Nails Joondalup Pty Ltd, J R Turner Investments Pty Ltd

Simon Storm has joined BlackEarth Minerals as chief financial officer and company secretary.

Mondium, a joint venture between local contractors Monadelphous and Lycopodium, has secured an early start engineering contract at Mineral Commodities’ (MRC) Munglinup graphite project.

The United Kingdom’s former ambassador to the Vatican and policy adviser to Tony Blair will replace Celia Hammond as the University of Notre Dame’s vice-chancellor.

Lynas Corporation said it will not engage with Wesfarmers' $1.5 billion indicative takeover offer, after the conglomerate launched the bid for the rare earths miner yesterday.

Our daily board moves wrap includes Alexander Grant, Michael Nitsche, Eddie King, Arturo Weschler, Deborah Ambrosini, Andrew Mooney, Nathan Young, Andrew Johnstone, Eduard Eshuys, Allan Kelly, Roderick Webster, and Kevin Hart.

Woodside Energy and the Australian Space Agency (ASA) have signed a statement of strategic intent and cooperation, which is aimed at promoting technology transfer between the space sector and the oil and gas industry.

Western Australia's resources industry experienced record sales in 2018, up 16 per cent from the year prior, thanks largely to a rise in liquefied natural gas (LNG) exports.

Henderson-based shipbuilder Austal has secured a $369 million contract to supply two Expeditionary Fast Transport ships (EPF) to the US Navy.

Our daily board moves wrap includes Robert Ryan, John Young, Don Koch, Neils Wage, XiaoNing Lin, Chee Ho Ho, Nicholas Young, and Chris Hansen.

Sandfire Resources has announced an earn-in and joint venture option agreement with ASX-listed White Rock Minerals for a stake of up to 70 per cent in the multi-commodity Red Mountain project in central Alaska.