Business News

Shares in medical tech firm ResApp Health have more than halved today, after the company released the preliminary results of a new US study on its technology.

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

Catherine Costello has resigned as interim executive director and company secretary of Admedus. She remains as the company’s chief financial officer.

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.

The Takeovers Panel has ordered the sale of a $60.1 million stake in gold miner Tribune Resources, along with updated disclosure from some of the company’s major shareholders.

For the second year running, Business News was among the winners at the West Australian Media Awards announced on Saturday night.

Patrick O'Neill has resigned as joint company secretary of Baraka Energy & Resources.

An $8.7 million deal between local mining companies Tungsten Mining and GWR Group has hit a roadblock, after the ASX said the sale could not go ahead.

Bellevue Gold (formerly Draig Resources) has boosted its coffers with a $15 million share placement to fund exploration work at the company’s Bellevue project near Leinster.

WBHO Infrastructure has secured two contracts worth a combined $50 million for upgrade works to Geraldton Airport and road maintenance work north-east of Perth.

International designer clothing brand Tommy Hilfiger has today opened its first full-price store in Western Australia, with a new outlet located in the Claremont Quarter.

A pool of more than $30 million will be spent across the state to build new truck rest stops and upgrade existing roads to improve safety for heavy vehicles.

Mining logistics company Bis has launched its new mine haulage vehicle, Rexx, which has been designed and built in-house in Perth.

Marine services company TAMS Group has branded its expansion in the north of the state as a strategic move to accommodate an increasing workload.

Firdhose Coovadia has been appointed an independent non-executive director of Emerge Gaming, a leading provider of enhanced eSports capabilities.

Mineral Resources has suffered a minor delay in the construction of its $610 million lithium concentrate processing plant at the Wodgina project in the Pilbara.

Kidman Resources has announced plans to integrate the studies for its proposed Kwinana lithium refinery and Mt Holland mine near Southern Cross into a singular project, while also securing a $US100 million ($140 million) debt facility for the project.

Barminco has secured a four-year contract extension for underground mining services at Independence Group’s Nova operation in the Fraser Range.

Harvest One has appointed Will Stewart as senior vice president of corporate and public affairs.

Two women and an 11-year-old boy have been injured as a jetty collapsed while they were fishing on Rottnest Island, with the state government set to launch an investigation into the incident.

Black Rock Mining has detailed a capital expenditure of $US115 million ($162 million) for the first phase of its Mahenge graphite project in Tanzania, with plans to begin construction next year.

Telstra launched its 5G mobile network in Perth today, while also confirming multinational telco Ericsson as its partner in a national rollout of the technology.

Current non-executive director ShuQing Xiao will become managing director of Energy Metals.

Cassini Resources and OZ Minerals have appointed GR Engineering Services to complete an engineering study for their joint venture West Musgrave copper-nickel project in Western Australia.

Tokyo-based Inpex has achieved a significant milestone, with the first shipment of LNG departing the company’s $46 billion Ichthys project at its onshore plant in Darwin.

Litigation funder IMF Bentham has announced plans to raise up to $84.5 million to establish two new funds and pursue growth opportunities in Europe and Asia.

Zenith Energy will incorporate a solar facility in its existing diesel power station at Independence Group’s Nova operation in the Fraser Range, taking capacity to 26 megawatts.

Tony Cramb has joined Automotive Holdings Group as chief operating officer.

BCI Minerals has sold its Kumina iron ore project in the Pilbara to Chris Ellison-led Mineral Resources for $35 million.

GR Engineering Services has secured a $US17.6 million contract ($25 million) to design and build a processing plant for Strandline Resources’ Fungoni mineral sands project in Tanzania.

Nickel producer Western Areas has given the green light to develop its Odysseus project following completion of a definitive feasibility study, which detailed a capital cost of $299 million.