Business News

Cherie Leeden has been appointed vice president of exploration at iCobalt. Ms  Leeden is based in North America, close to the iCobalt projects in Ontario.

Former BGC Residential chief executive Kelvin Ryan has been appointed as managing director at Melbourne-based building company Simonds Group.

Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.

Thousands of Western Australian scam victims could be refunded millions of dollars after US legal authorities issued Western Union a $US586 million ($750 million) penalty for aiding fraud over a 13-year period.

Plymouth Minerals has appointed Ryan Parkin as general manager of corporate development.

Australia’s major banks are under mounting pressure today, with a draft report from the Productivity Commission raising doubts about competition levels as regulators apply more scrutiny to three of the 'big four'.

CIMIC Group's shares have soared after the construction giant raised its dividend by 13 cents on the back of a 21 per cent lift in full-year profit and forecast a rise in profit in the year ahead.

The state government has announced the formation of a development committee to guide three key projects in Bunbury, with Bunbury Chamber of Commerce and Industries president David Kerr and The Apprentice and Traineeship Company chief executive Stan Liaros among those selected for the committee.

Bankwest has recorded a $339 million net profit for the first half of the financial year, fuelled by solid income growth and flat expenses, along with lower loan impairments compared to 2016.

Former Cricket Australia senior manager Sam Almaliki has been appointed executive director of Activistic.

The Australian share market has suffered its biggest one-day fall in more than two years, wiping around 3.3 per cent from its value, after Monday night's plunge on Wall Street.

The state’s automotive industry got off to a positive start in 2018 with a rise in new vehicle sales for January, compared to last year, on the back of increased SUV and light commercial vehicle sales.

African Energy Resources has announced that current managing director Frazer Tabeart will become an executive director of investor relations and business development, and Bill Fry becomes executive

Four contractors have been invited to submit proposals for the design and build of the $50 million Wanneroo Road and Joondalup Drive interchange, which is set to begin construction mid-year.

Celsius Resources has appointed Edward Legg as project development manager for its 95%-owned Opuwo Cobalt Project in Namibia.

Aspiring graphite miner Hexagon Resources has signed a non-binding offtake agreement with a Chinese building company for 30 per cent of the company’s planned production at its McIntosh project in the Kimberley.

West Perth-based CBH Group has recorded a grain harvest of 13.2 million tonnes for the 2017-18 season, well above initial estimates following good finishing rains.

Rare earths developer Northern Minerals has lifted the limit on its share purchase plan to $15 million on the back of strong demand from existing shareholders.

Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.

Cadell Buss has been appointed independent non-executive director of Atlas Pearls.

Peninsula Energy has signed an agreement to sell a portion of its interests in an existing long-term uranium sale and purchase deal for $US19 million ($23.7 million).

Copper and gold explorer Stavely Minerals has raised $8.3 million via a share placement and share purchase plan, with the company completing drilling programs at a number of tenements on the east coast.

Aspiring mineral sands miner Sheffield Resources has signed an offtake agreement with a Chinese processor for nearly 20 per cent of the planned zircon production at its Thunderbird project near Derby.

Mining services company Ausdrill has received a letter of intent for a three-year contract worth $180 million with Mineral Resources at its Wodgina lithium mine in the Pilbara.

Belmont-based Pindan has been awarded a $23.4 million contract at Cape Naturaliste College, south of Busselton, while FIRM Constructions has won a $2.5 million government contract.

Sophie Raven has been appointed company secretary of Australian Potash. Leigh-Ayn Absolom has resigned as company secretary but remains as the company’s financial controller.

Malaga company Galvin Engineering has developed Australia's first lead-free drinking tap as the state government deals with new revelations of lead contamination in taps at a number of Western Australian schools.

Perth-based building systems manufacturer Pro9 Global has completed an $8 million capital raising that will fund the construction of a manufacturing plant in Sydney.

Wesfarmers subsidiary EVOL has won a long-term contract to supply LNG to the power station and the process plant at Gascoyne Resources’ Dalgaranga gold project in the Murchison region.

Global Energy Ventures has raised $6.7 million through a share placement, with the proceeds to be used on the development of the company’s compressed natural gas technology.

Lithium hopeful Prospect Resources has tapped investors for $10 million as the company develops its Arcadia project in Zimbabwe.

Experienced mining executive Wayne Bramwell has been appointed non-executive director of Ardea Resources.