Business News

Junior gold miners Ramelius Resources and Saracen Mineral Holdings have posted solid quarters, with Ramelius achieving its production targets for a 12th consecutive quarter.

Recently listed marine technology company VEEM has flagged gross profit in line with expectations, but expects to report a smaller net result than what was forecast in its prospectus, on the back of a one-off cost.

Ahead of a looming April deadline for a $US212 million convertible bond repayment, uranium miner Paladin Energy has announced a proposal to restructure its balance sheet by converting some debt into equity, extending the maturity date of the remaining amount, and undertaking a $US75 million capital raising.

Perth-based tech firm BrainChip Holdings has poured cold water on speculation it is seeking to privatise operations, but did confirm it was considering floating on another market.

Toro Energy has joined Vimy Resources in gaining state government approval for its uranium project expansion plans, however Environment Minister Albert Jacob is yet to make a decision on the more contentious Yeelirrie uranium mine proposal put forward by Cameco.

December throughput was higher at the state’s major north-west ports, with the Pilbara Ports Authority reporting nearly 60.5 million tonnes of cargo passing over its docks in the month, up 12 per cent on the same time in 2015.

Lithium play Neometals has joined the share register of Sydney-based Estrella Resources, at the same time that company completed its acquisition of Mt Edwards Lithium, which has tenements in Western Australia.

Germany has won its Hopman Cup qualifying match against Great Britain 2-1 today, while in cricket Pakistan trail Australia by 428 runs in their second innings of the Sydney test match, after Australia declared at 2/241.

Spain has beaten the Czech Republic in a Hopman Cup group B match on the tournament's fifth day, while Pakistan were 7/246 against Australia on day three of the rain-delayed test cricket match at the Sydney Cricket Ground.

Peter Bacchus and John Turner have been appointed non-executive directors of Galaxy Resources.Echo Resources has appointed Mark Hanlon and Robin Dean as non-executive directors.

1-Page founder Joanna Riley has stepped down as chief executive to focus on the company’s strategy and business development. Ms  Riley will become president and executive director.

Duncan R McBain has resigned as director of Dragon Mountain Gold.  Jay Stephenson has been appointed non-executive director and will remain as company secretary.

Michael Bourne has resigned as executive director at ATC Alloys.Atlas Iron has appointed general counsel Bronwyn Kerr as joint company secretary. 

Hawaiian adds two execs to team

Quest Minerals has appointed David Palumbo joint company secretary.

Tap Oil has appointed current independent non-executive director, James Menzies, as executive chair.  Mr  Menzies succeeds Doug Bailey, who will retire from the board.

One of 1-Page’s substantial shareholders, a subsidiary of Nedlands-based financial services firm Merchant Group, has called for the removal of the majority of the tech company’s board and a new direction for the business, after a year of poor performance on the share market.

Perth businessman Gavin Rezos has announced his retirement from the board of Iluka Resources after 10 years with the mineral sands miner.

Unemployment in Western Australia is now at its highest since 2002 with new figures today revealing a 0.4 percentage point increase to 6.9 per cent in November.

Ian Veitch has resigned as company secretary at Orbital Corporation.  Todd Alder has been appointed chief financial officer and company secretary, and is responsible for communications with AS

Clough has reaffirmed its commitment to the Western Force by taking up prime real estate on the Perth rugby team’s jersey for the next three seasons.

Eastern Goldfields will immediately draw down on a new $25 million facility to fund refurbishment work at its Davyhurst gold project near Kalgoorlie.

Twapewa Kadhikwa has been appointed non-executive director at Bannerman Mining Resources, the Namibian subsidiary of Bannerman Resources.  Ms Kadhikwa replaces Monica Kalondo who has stepped d

Perth-based recruitment consultancy Harrier Human Capital has acquired an executive search organisation based in Sydney for an undisclosed sum.

Perth-based NRW Holdings has been contracted to provide more services to Rio Tinto at the mining giant’s Yandi iron ore operation in the Pilbara, in a deal worth $40 million.

Perth-based Orthocell has raised $4 million to fund ongoing development of its regenerative medicine products.

Henderson-based Civmec has won $160 million worth of contracts for work at Rio Tinto’s Amrun bauxite project in Queensland.

East Perth-based digital agency Equilibrium has appointed Sean Molam as head of technology

Alliance Aviation Services has extended its contract for the provision of its services to Hong Kong-based CITIC Pacific Mining’s Sino Iron project in the Pilbara.

An Aboriginal-owned business that distributes environmentally friendly industrial products has expanded its international reach with the opening of its first jointly-owned store in China.

Monadelphous Group will share in a $430 million contract to deliver the 270 megawatt Sapphire wind farm in NSW through its joint venture with ZEM Energy.