Business News

New Century Resources has raised $40 million to complete the restart of its zinc mine in Queensland, while Vimy Resources and Geopacific Resources have tapped investors for $6 million and $10 million respectively.

Andrew Munckton has been appointed chief executive of KIN Mining.

Marine technology company VEEM has signed a contract with Netherlands-based Damen Shipyards to supply its newest stabilisation system, subject to successful sea trials.

West Perth-based Sandfire Resources has upgraded its mineral resource at the Degrussa copper mine, located 900 kilometres north-east of Perth, following a recent drilling program.

Aspiring gold miner KIN Mining has appointed former Syndicated Metals managing director Andrew Munckton as its new chief executive, after former leader Don Harper quit in February.

Neville Bassett AM has been appointed non-executive chair of Auris Minerals. Mr  Bassett is a Chartered Accountant specialising in corporate, financial and management advisory services.

The state government has appointed Civmec defence general manager Mike Deeks as its new London-based agent general for Western Australia.

Perth-based Pacific Energy, through its newly acquired Contract Power Group, has secured a contract with Mineral Resources to build a 52-megawatt power station at the Wodgina lithium project.

Lee Christensen has been appointed non-executive director of Empire Resources.

Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.

Fortescue Metals Group has recorded higher production costs during the March quarter, while iron ore shipments were down slightly for the period.

Employment provider Programmed has signed on as the Western Force’s first major sponsorship partner for 2018, ahead of the launch of the World Series Rugby competition next month.

Noel McAuliffe has been appointed chief financial officer and company secretary of Birimian. He replaces Nick Longmire who has served in those roles on a part-time basis since November 2017.

West Perth-based Toro Energy has announced a shift in strategy as the uranium-focused company begins a gold exploration program at its Lake Maitland project near Wiluna.

Herbert Smith Freehills has promoted Anna Creegan to partner in its Perth employment, industrial relations and safety team.

Scott Mison has resigned as executive director, chief financial officer and company secretary of Jupiter Energy. He has been with the company since 2007.

A construction contractor from Henderson-based Civmec has died while working on a wastewater treatment plant upgrade in Perth's south.

Pilbara Minerals founder John Young has stepped down from the company’s board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.

Former St John of God Healthcare executive Shane Kelly has been appointed as the organisation’s new chief executive, replacing the long-serving Michael Stanford, who stood down last month.

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

Dr Matthew Greentree has become the managing director of Ausgold, having served as its chief executive since April 2017.

Osborne Park-based Veris has secured a three-year services contract for technology infrastructure upgrades at BHP Billiton’s accommodation villages.

Henderson-based Austal has secured a $29.7 million contract to build two additional Pacific patrol boats on top of an existing $305 million federal government program, days after German shipbuilder Lurssen awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels.

Apollo Consolidated has appointed Tony James as non-executive director. Mr  James is a mining engineer with considerable operational, new project development and corporate experience.

Emerge Gaming (formerly Arrowhead Resources) started trading on the ASX today, after the former junior explorer completed a reverse takeover of private technology company Gaming Battle Ground for $3.7 million, and raised $5 million via an initial public offering.

Rio Tinto has announced an 8 per cent spike in its Pilbara iron ore production to 83.1 million tonnes for the quarter, while shipments were up 5 per cent at 80.3mt.

Kevin Hart has replaced Zoe Levendel as company secretary of Po Valley Energy.

Miss Maud’s Swedish Hotel and Restaurant at the corner of Pier and Murray streets has been sold to private company Stockholm Hotel Management, with the price rumoured to be around $10 million.

Engineering giant CIMIC has reaffirmed its full-year profit guidance after lifting first-quarter profit 7 per cent to $172 million.

Perth-based engineering company ADRA Group has announced former EWS chief executive Robert Osborn Jr as its new leader.