Business News

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.

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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.

Airlines for Australia and New Zealand (A4ANZ) says the Productivity Commission’s draft report into Australia’s airports, released in January, falls well short of what should be expected from the commission.

Dacian Gold has lowered its full-year production forecast at its Mt Morgans gold project by up to 16 per cent, due to an equipment shortage at the mine.

Jupiter Mines has tapped Hartleys to act as a corporate adviser, as the company re-evaluates its Central Yilgarn iron ore projects in light of improved iron ore market conditions.

PeiChen Wu has been appointed non-executive director of Black Star Petroleum. Ms  Wu is a resident of Taiwan and has extensive accounting and finance experience.

Over 99 per cent of Doray Minerals' shareholders have voted in favour of the company’s proposed $615 million merger with fellow locally-based gold miner Silver Lake Resources.

Digital healthcare agency Curve Tomorrow has expanded into Perth through the acquisition of Progressive Medical.

Bremer Bay-based 888 Abalone has accused Ocean Grown Abalone of breaching a supply agreement by planning a future development for a hatchery.

Telstra will build 23 of the 26 new mobile base stations and small cells to be delivered in Western Australia, as part of the fourth round of a government initiative to improve mobile coverage in regional and remote communities.

Our weekly appointments wrap includes Mark Glasson, Philippa Boldy, Chandra Sundareswaran, Rhys Turton, Tracy Taylor, Dean Humphrey, Phill Theunissen, Charlie Gunningham, Robyn Sutherland and Trent Cheetham.

Birimian has appointed Seydou Semega as Country Manager in Mali.

ASX-listed Stealth Global Holdings has entered into a joint venture agreement with Bisley Workwear to launch its products into the UK, West African and European markets.

Fortescue Metals Group will establish a research and development centre in Karratha to develop autonomous transport for urban areas.

Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners.

Northern Star Resources executive chairman Bill Beament has sold about $22 million worth of shares in the gold miner, as part of a Family Court settlement.

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.