Business News

Gold-focused Titan Minerals has signed an agreement to purchase a processing plant in northern Peru in a cash and scrip deal for approximately $6.5 million.

Liza Carpene has been appointed non-executive director of Mincor Resources.

Health Minister Roger Cook says Western Australia is missing out on $1 billion in health funding, and is calling on the federal government to increase the state’s share to reflect its unique challenge of isolation.

West Perth-based Tungsten Mining has tapped investors for $20 million as the company seeks to progress its Mt Mulgine project in the Murchison region.

Bruce McFadzean has resigned as non-executive director of Blackstone Minerals due to other business commitments and responsibilities.

Former Perth finance broker Peter Lachlan McDonald has pleaded guilty to giving false information and fraud charges following an investigation by the corporate watchdog.

Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.

Peter Torre has been appointed an independent non-executive director of Veem, a marine propulsion and gyrostabilisation company.

Dowsing Concrete and Axiis Contracting will split an $18 million contract for concrete work associated with the Public Transport Authority’s bus stop upgrade program over the next five years.

Perth-based company Lycopodium has been appointed as lead engineer and author for a pre-feasibility study at Jervois Mining’s Nico Young cobalt-nickel project in NSW.

Accounting firm BDO has appointed Perth-based chairman Sherif Andrawes as its global natural resources leader, replacing Charles Dewhurst from the company’s US arm, after 12 years in the role.

Christopher Achurch has been appointed chief financial officer of Kalium Lakes, following the decision by Frederick Kotzee to step down from the role due to family commitments.

Perth-based kitchen appliances firm Thermomix has been ordered to pay $4.6 million in penalties after the Federal Court of Australia found that the company misled customers when its products were found to be dangerously faulty.

Brett Fraser has been appointed non-executive director of Sundance Resources.

The Minerals Council of Australia has announced former Co-Operative Research Centre for Greenhouse Gas Technologies chief executive Tania Constable as its new leader, more than six months after Brendan Pearson left the role.

The board of nickel miner Western Areas has approved a $32 million capital works program at the company’s Odysseus project, with the definitive feasibility study set to be released in the September quarter.

Local fintech company DigitalX has announced it will open a cryptocurrency-focused investment fund and launch two digital currency websites with Perth-based media company Multiplier.

The Fair Work Ombudsman has helped local workers recover nearly $400,000 in unpaid wages, including more than $300,000 from court actions started by the regulator.

The Independent Living Centre WA has appointed Steve Glew chief executive.

Graeme Clatworthy has resigned as executive director of Meteoric Resource, having served on the board in both an executive and non-executive capacity since November 2012.

Lucapa Diamond Company is planning to launch a follow-up exploration program at its Brooking diamond discovery in Western Australia’s Kimberley region after completing a $16.5 million capital raising.

Perth-based Fastbrick Robotics says it is on track to have its commercial prototype Hadrian X bricklaying robot fully assembled by the end of the quarter, with the company expanding its workforce to 140 people to meet its development schedule.

Agriculture Minister Alannah MacTiernan has suggested a summer ban on livestock exports after video emerged showing sheep dying in extreme heat and filth on a Middle East-bound vessel.

Local engineering company Lycopodium has been awarded a contract for design work at Nzuri Copper’s Kalongwe operation in the Democratic Republic of Congo.

Stephen Buckley has been appointed company secretary of Intiger Group following the resignation of Sonu Cheema.

The US arm of Henderson-based shipbuilder Austal has secured a $US10.2 million ($13 million) for engineering and design work with the US defence department.

Ian Parkes has resigned as chief financial officer of Homeloans. Mr  Parkes joined Homeloans over 5 years ago and was a key contributor to the merger with RESIMAC.

New vehicle sales in Western Australia registered a slight increase in March compared with the same month last year, while sales for the 12 months to March were up 5.3 per cent on the prior year, according to the latest data from the Federal Chamber of Automotive Industries.

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Robert McEniry, non-executive chair of Automotive Holdings Group (AHG), has resigned from all public company directorships in order to spend more time with his family since the diagnosis of a serio