Business News

Shares in Tempo Australia have closed the day’s trade at 10 cents each, a fall of 20 per cent, after the contractor announced it was $4.5 million in the red for the year to December.

Altura Mining has announced details of a capital raising to fund its Pilgangoora lithium project in the Pilbara, with company directors contributing $15.46 million towards the financing package.

Ausdrill subsidiary Barminco has secured a $100 million underground mining services contract from Hindustan Zinc at its Rampura Agucha mine in India.

Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.

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Zane Lewis has been appointed non-executive director and joint company secretary of Vital Metals.

Former DP World Australia boss Paul Scurrah has been tapped as the new chief executive of Virgin Australia.

Optus has been ordered to pay a $10 million fine, one of the highest penalties to be imposed by the Federal Court, for misleading its customers over digital content.

Osborne Park-based Densford Civil has been awarded a $6.4 million contract for safety improvement works along the South Coast Highway in Albany.

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ASX-listed property investment fund Centuria has acquired an industrial property in Canning Vale for $18.1 million.

South Fremantle-based seafood company Mareterram has backed a takeover offer from its largest shareholder, Sea Harvest.

Gold Fields has awarded Aggreko a contract to construct and operate a microgrid with 20,000 solar panels and battery storage, which will be integrated with the existing natural gas power supply to reduce fuel consumption at the Granny Smith gold mine near Laverton.

GR Engineering Services has secured an engineering, procurement and construction contract for a wellfield at OZ Minerals’ Carrapateena copper-gold project in South Australia.

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King & Wood Mallesons, which ranks as the fourth largest law firm in WA, has expanded its local office with two lateral hires, Carl Black and Sam Dundas.

Crusader Resources is pleased to announce the following updates in relation to the Company’s funding position.

ASX-listed Heron Resources has received a claim from CIMIC Group subsidiary, Sedgman, for $49.9 million in extra costs for works at its flagship Woodlawn zinc-copper project in New South Wales.

Henderson-based shipbuilder Austal has increased its full-year revenue projections to $1.9 billion, thanks partly to better-than-expected procurement levels from the US Navy for its littoral combat ships.

ECU is on its way to complete its goal to appoint more than 20 professors from around the world to increase its research activity, with the appointment of its 18th professor, Michelle Colgr

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The Perth Mint is injecting some fun into the world of bullion investing by releasing a new range of collectable coins featuring none other than The Simpsons.

Qantas has bought 20 per cent of Alliance Airlines and wants to grab an even larger stake of the regional charter operator.

Lucapa Diamond Company has announced it has sold US$16.7 million ($22.9 million) worth of diamonds at an Angolan auction.

Healthscope has agreed to a $4.5 billion takeover by Canadian investment firm Brookfield, despite rival bidders suggesting they could increase their offer.

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Online screening and verification company CV Check has generated a cash surplus of $200,000 for the December quarter, its first cash positive quarter since it was founded in 2004.

Belmont-based contractor NRW Holdings will purchase the mining and heat treatment businesses of RCR Tomlinson for $10 million.

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Galena Mining has struck a deal with Japanese company Toho Zinc to invest up to $90 million in stages in the Abra zinc project in the Gascoyne region.

There are doubts Chinese government-owned telecommunications giant Huawei will be able to deliver a $136 million contract for Perth’s rail network, after the United States brought criminal charges against the company.

Australian Gas Infrastructure Group has announced it is expanding its Tubridgi gas storage facility near Onslow in the north-west of Western Australia.