In this podcast: Mark Beyer and Mark Pownall discuss FMG; Austal; IR reforms; office occupancy; Burswood Park; apartment dramas; Scyne Advisory; CEO salaries and WA's biggest employers.
Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.
Major employer groups are divided over contentious workplace relations reforms after federal minister Tony Burke negotiated amendments to exclude service contractors.
WA's opportunity to capitalise on the United States' massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP's iron ore boss.
Western Australia's resources middle tier could be at the heart of $170 billion in GDP growth by 2040, but only if the nation acts on its critical minerals opportunities, according to PwC.
K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.
Unions and major companies are going head to head over proposed labour hire laws, with the latter arguing higher pay rates will threaten business viability.
Premier Roger Cook will meet with companies including Mitsui & Co on the first day of his mission to Japan, as the government looks to sell its vision for the state's renewable sector.
Facility operator Compass Group plans to add hundreds of rooms in a $79 million expansion of a Port Hedland accommodation, to house workers of BHP's port debottlenecking project.
Rio Tinto and Yindjibarndi Energy Corporation are aiming to approve their first solar farm next year as the first step in building multiple projects in the Pilbara.
BHP has disclosed it will be paid up to $6.4 billion for its coal assets in Queensland, naming Whitehaven Coal as the preferred buyer shortly after posting quarterly production figures to market.
Business groups in the Pilbara have called for more investment in affordable housing to help their members recruit staff and take advantage of the looming investment boom in the region.
BHP has signalled two initiatives to boost the indigenous business sector, indicating it will expect more from its major contractors and launching a new support program.
BHP has released details of new measures to debottleneck its Pilbara port and rail operations and boost its mine efficiency as a step toward annual production of 305 million tonnes.
The former premier is on the payroll at four businesses after accepting advisory roles at Joe Hockey's consulting firm Bondi Partners and listed company APM Human Services.
Western Australia's valuer-general has begun a major overhaul of convoluted pastoral rents to build a new valuation leaseholders can work out with “basic mathematics”.
Lycaon Resources has struck a key land agreement with traditional owners, allowing it to start exploring for niobium and rare earths in highly-prospective carbonatites at West Arunta in far north-eastern Western Australia. The land access agreement with the Parna Ngururrpa people is the final hurdle before the company plunges the drillbit for the first time into tantalising magnetic anomalies within its tenements.
Toro Energy's 100 per cent-owned Dusty nickel project in Western Australia's Goldfields continues to grow, with the company's latest assays showing an up-dip extension to the continuous lens of nickel-rich mineralisation, about 160m thick. Assays from Dimma's fifth diamond hole showed 2.1m of massive nickel-sulphide grading 1.83 per cent nickel, 0.29 per cent copper and 0.55 grams per tonne platinum and palladium from 147.1m.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
In this podcast Mark Beyer and Mark Pownall discuss the DomGas inquiry, PwC, Alcoa, FMG move, and results wrap up on Wesfarmers, BHP, Pilbara Minerals, Northern Star and Monadelphous.
A year of rising costs and weaker commodity prices makes a dent in the Big Australian's bottom line as a cloud of uncertainty hangs over China's appetite for iron ore in the medium term.
South32 has fired a salvo at the state's gas producers, accusing them of forcing unreasonable terms on buyers and calling on the state government to enforce a use it or lose policy over gas fields.
A new data centre switched on in Australia's mining heartland could turbocharge the industry's investment in automation and remote operation technology.
BHP-owned Oz Minerals has agreed to pay $9.3 million in fines after self-reporting employees bribed foreign officials to obtain mining rights in Cambodia.
The lobby group for big business has backed up its support for a Voice to Parliament by disclosing its members have substantially boosted their Indigenous employment and procurement.
ASX-listed mining software provider K2fly has unveiled revenue of $4m for the final quarter of the financial year – a 38 per cent rise from the same period last year and up 18 per cent on the previous quarter. Management says the strong results wrapped up a solid year of growth, which saw revenue grow 28 per cent compared to the previous 12 months.
In this podcast Mark Pownall and Mark Beyer discuss mining cost challenges at IGO, BHP and Northern Star, MinRes China pullout, cultural heritage, Comm Games, gold miners, fund managers, indigenous business, Cottesloe development and George Kailis.
K2fly has inked a five-year deal, projected to have a total contract value of $2 million, with the world-class Roy Hill iron ore operation in Western Australia's Pilbara region. The agreement marks the second of two contracts signed with major Pilbara operators for its “ground disturbance” solution in less than a month, having secured a three-year contract extension with BHP in June.
