Business News

Marine logistics company MMA Offshore has secured a three-year contract to charter one of its vessels with a subsidiary of UK-based contractor Subsea 7.

The federal government has rejected a mining exploration program by Perth-based CI Resources on Christmas Island that would have extended the company’s existing phosphate operations by up to 10 years.

ASX-listed CTI Logistics has agreed to purchase regional freight company Stirling Freight Express for $4.5 million.

Kobi Zecharia, an experienced financial professional, has been appointed a non-executive director of life science company eSense-Lab.

Cash Converters International has boosted its coffers with a $39.5 million capital raising, with the proceeds set to strengthen the company’s balance sheet and be used to reduce debt.

Two junior explorers have announced capital raisings today, with aspiring gold miner KIN Mining tapping investors for $11.3 million while Nzuri Copper has raised $6 million.

Norway-focused Koppar Resources has begun trading positively on its debut on the ASX today, after the company raised $4.5 million via an initial public offering.

Yitzchac (Issy) Livian has resigned as executive director of HearMeOut.

The University of Western Australia has moved into the top 200 of the Centre for World University Rankings list, while Curtin University also jumped 135 spots in the latest annual results.

Shares in local tech company Family Zone Cyber Safety rose today after the company said it has signed sales agreements with two major telecom providers in India.

A group of dissident shareholders at Empire Resources is seeking a board overhaul after requesting a general meeting to remove its three directors, including managing director David Sargeant.

Pip Darvall has been appointed managing director of Jindalee Resources, replacing Lindsay Dudfield who will remain on the board as executive director.

Perth company GLX Holdings, which has attracted more than 40 of the world’s largest LNG buyers and sellers to its online trading platform, has recorded a notable milestone via Malaysian petroleum giant Petronas.

Mineral Resources has forecast a capital expenditure of $US600 million ($792 million) to build two lithium hydroxide processing modules at its Wodgina mine in the Pilbara, after announcing plans to sell a minority stake in the project earlier this month.

Geospatial imagery company Spookfish has expanded its capture program into South Australia, while also increasing its coverage in the Melbourne metropolitan area.

Dr Richard Hopkins has resigned as chief executive of PharmAust to pursue a senior corporate position in another company.

Multiplex has won a national construction award for its work on the $1.6 billion Optus Stadium, which was completed earlier this year.

A joint venture between Ausdrill and Barminco has secured a mining services contract worth $US211 million ($280 million) for the Siou mine in Burkina Faso.

Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.

Caravel Minerals has advised of resignations from board members Peter Alexander as non-executive chair, Marcel Hilmer as executive director and chief executive, Daniel Ryan and James Harris as non-

Perth Airport’s revenue per passenger has increased more than any other major airport in Australia over the past decade despite the average airfare declining more than 50 per cent, according to a new report out today.

Specialist glass company ClearVue Technologies will commence trading on the ASX tomorrow after raising $5 million via an initial public offering.

Catherine Costello, current company secretary and chief financial officer of Admedus, has been appointed interim executive director following the resignation of Mathew Ratty.

Perth-based Pawsey Supercomputing Centre has appointed Mark Stickells as its new director, less than a month after the federal government said it would invest $70 million in the facility.

Perth-based Peet has confirmed its appointment by the state government as the developer for the Brabham housing project near the Swan Valley.

Tim Allison has resigned as joint company secretary of Tech Mpire.John Kenny has decided not to stand for re-election as a non-executive director of Winchester Energy.

De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company’s Pilbara gold project.

Titan Minerals has announced an $11 million capital raising to fund the purchase of a processing plant and exploration work at its Torrecillas and San Santiago projects in Peru.

Michael Chan, a highly experience executive and metallurgical engineer, has joined Hexagon Resources as chief development officer.

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

WA Super has made two executive promotions.