News Articles for Peter Meurs

Shares in Laurence Escalante-backed icetana AI have shot up 26 per cent today after it posted its strongest revenue growth in over four years.

Shareholders in Laurence Escalante-backed surveillance company icetana AI have benefitted from a sixfold increase of the firm's share price, after a deal with a Japanese tech giant.

Escalante-backed icetana AI has inked a partnership deal with leading global tech company SoftBank Robotics, as it gears up to enter Japan.

Laurence Escalante could more than double his stake in AI-driven surveillance company icetana and become its largest shareholder, as the company gears up to enter Iraq.

Laurence Escalante more than doubled his stake in artificial intelligence software firm icetana, joining global technology giant Macnica Inc and another rich-lister, Peter Meurs.

Gaming entrepreneur Laurence Escalante has acquired almost 10 per cent of software business icetana as part of a changing of the guard in major support.

Peter Meurs and Perth-based Merchant Group have invested $9.5 million in biopharmaceutical company Dimerix, as part of a broader capital raising to fast-track clinical studies.

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

Stephen Pearce has been appointed to the board of Fortescue Metals Group, but will retain his current role as chief financial officer of the iron ore giant.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining.

Fortescue Metals Group's development director has resigned to take up an international full-time role with the Mormon church.

Fortescue Metals Group is home to two of Western Australia's wealthiest company directors, or so it was believed until a surprise disclosure last month.

Andrew Forrest has reiterated his support for Fortescue Metals Group diversifying its operations into other commodities, but said there were no immediate plans to pursue nickel, or oil and gas over its core iron ore business.

Iron ore miners in the Pilbara are on track to reach production and shipping targets, despite bad weather hampering operations and affecting some December quarter results.

Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.

Tougher economic times and increased scrutiny have put a cap on the growth of executive remuneration.

Executive remuneration is a hot political issue but the controversy does not seem to have slowed growth in pay packets at WA companies.

UPDATE: Fortescue Metals Group has vehemently denied claims from a native title group that it is operating unlawfully with regards to Aboriginal heritage at one of its Pilbara mines.

The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.

South Perth-based energy company Aviva Corporation Ltd has raised $1.1 million for working capital through a placement to its major shareholder, and to WorleyParsons managing director Peter Meurs.