News Articles for BDO

SPECIAL REPORT: Capital for the junior mining sector is drying up amid growing concern the traditional business model for small explorers is broken.

The amount of money raised by ASX-listed explorers increased by 19 per cent to $1.61 billion in the December quarter, primarily for larger companies with lower-risk projects, according to a new report from accounting firm BDO.

SPECIAL REPORT: Bushfires on Australia's east coast will put pressure on emissions policy at a time when decisions are being made on major projects needed to boost the economy in the west.

Our weekly appointments wrap includes Miriam Stanborough, Ashleigh Woodley, Colin Carson, Mark Norwell, Joe Taboni, Natalie Kam, Mona Gill, Jeffrey Malone, Craig Foster, Mark Liddelow, Noel Hart, Peter Creek and Kate Watson.

Perth companies Emerald Clinics and Little Green Pharma are seeking to raise up to $18 million ahead of stock market listings as they pursue very different strategies in the medicinal cannabis market.

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia's mining sector.

Western Australia's latest initial public offering has brought together an unlikely pairing – a tech company that has been strongly supported by venture capital investors and a stockbroking firm that has traditionally focused on the mining sector.

Perth-based BDO partner Todd Grover has had a key role in navigating the sale of Sydney-based Comsec TR to a European prison media and communications provider.

A new report from advisory firm BDO has predicted diesel machinery will be banned in all new Australian underground mines by 2023, which could pave the way for a rapid uptake of electric battery-based machinery in the industry.

SPECIAL REPORT: Accounting firms are widening their services into new areas as they seek a competitive edge.

Mining services company Mader Group has refined a unique business structure to sustain its profitable growth. Ahead of its ASX listing, we talk to chief executive Patrick Conway about the group's plans and founder Luke Mader's move to the US.

Invex Therapeutics has become just the third WA-based company to list on the ASX this year, with Minderoo Group its largest shareholder.

Our weekly appointment wrap includes Rick Newnham, Brendan Acott, Tyron Hayes, Danny Murphy, Cameron Syme, Kristy Ryan, Paul Martin, Kenn Donohoe, Helen Sarcich, Nick Houldsworth, Matthew Read, Gary Thomas, Lucy Mengler, Rachel Horton, Richard Lilly, Lauren Haygarth, Donna Marsh, Peta Rapson, Stephanie Driscoll, Maree Ferguson, Susan Oldmeadow-Hall, Danny Olsen, Mark Giuffre, Timothy John, Melissa Reid, Jackson Wheeler, Daniel Butler, Tamara Arapovic, Garry Zacher, and Tamica D'Uva.

International consulting group ERM has acquired West Perth-based mining consultancy CSA Global for an undisclosed amount.

Financing inflows for ASX-listed juniors and small cap explorers recovered in the March quarter, with lithium companies among the biggest beneficiaries, according to the latest research from BDO.

Mont Royal Resources has become just the second Western Australian exploration company to list on the ASX this year, with the help of high-profile directors and ‘family office' investors.

To mark the launch of BDO's 2019 remuneration report, Business News spoke to three leading executive search consultants in Perth about market trends

BGC Contracting has appointed two general managers for its construction division, while Perth accountancy firm BDO has announced two new partners.

Advisory firm Mainsheet Capital has recruited Gerard Moody as a director, while global law firm Jones Day has a new managing partner in its Perth office.

Israeli tech company HeraMED, which is commercialising a home pregnancy monitoring device, started trading on the ASX today, after raising $6 million via an initial public offering.

Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.

SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.

ANNIVERSARY SPECIAL: Professional services firms in most industry sectors in WA have increasingly become aligned with international groups. This article is part of a special series to mark Business News' 25-year anniversary.

Anniversaries are always a good time to reflect on times past, to remember the journey, the ebbs and flows and to celebrate the progress of our people, communities, business and industry.

Accounting firm BDO has announced the appointment of Pippa Hobson as chair of the Perth office.

The cost of employing critical tradespeople and professionals in the mining sector could jump by as much as 12 per cent over the next two years.

Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.

SPECIAL REPORT: Business News has been tracking changes among WA's accounting firms for 25 years, including seminal events like the collapse of Andersen and the break-up of the old PKF practice.

SPECIAL REPORT: Gender equity is a key goal for major accounting firms but their track record is varied, especially in WA.

Tap Oil major shareholder Risco Energy Investments has increased its takeover offer for the oil and gas company to $38.7 million on the back of BDO's independent expert valuation.

UPDATED: Gina Rinehart's Hancock Prospecting announced late Friday it has increased its stake in takeover target Atlas Iron to 56 per cent, giving it effective control, and extended its $390 million offer for two weeks.

Hancock Prospecting's $390 million takeover bid for struggling iron ore miner Atlas Iron has been endorsed by independent expert BDO, which found the pricing was fair and reasonable.

Tap Oil has urged shareholders to reject a $29.8 million takeover bid from major shareholder Risco Energy Investments, after independent expert BDO valued the company well above the offer price.

Jamie Oliver's business woes have deepened with his Australian restaurant group falling into voluntary administration.

Accounting firm BDO has appointed Perth-based chairman Sherif Andrawes as its global natural resources leader, replacing Charles Dewhurst from the company's US arm, after 12 years in the role.

The much-anticipated BDO Board & Executive Remuneration Report 2018, with data from 1,400 listed companies, has now been released and can be purchased via the Business News website.

A new report will allow executives and directors to compare remuneration with peer companies of similar size or in the same industry.

Robotic technology and the internet of things will dramatically change employment patterns, accident rates and digging costs in the mining industry over the next three years, business advisory firm BDO has boldly predicted.

BDO has backed its confidence in WA's commercial outlook by purchasing boutique mergers and acquisitions firm Tomkins Turner Corporate Advisory

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen's former company Resource Equipment.