Business News

Base metals junior Peel Mining has raised $7 million through an oversubscribed share placement, with the funds to go towards its projects in the Cobar Basin in NSW.

Salt Lake Potash has raised $20.25 million via a share placement, with the funds set to advance the development of its Lake Way project.

Our daily board moves wrap includes Andrew Paterson, Leonard Math, Tim Roberts, Paul Peros, and Sharon Warburton.

Valmec has secured a $4.5 million contract at Australian Gas Infrastructure Group’s Hydrogen Park production facility.

The Australian Securities and Investments Commission has permanently banned a Perth man from providing financial advice, following his conduct as a representative of Westpac and The Financiallink Group.

Po Chang Chen has been appointed non-executive director of CAQ Holdings. Mr  Chen is a venture capitalist with a background in the development of business turnaround strategies in Asia.

Perth-based fund manager Lester Group has bought two off market industrial properties in Forrestfield and Bibra Lake, for a combined $19.15 million.

Titan Minerals has raised $20 million via a share placement, as the Subiaco-based junior seeks to complete its acquisition of Canada-based Core Gold and advance Core's Dynasty Goldfield project in Ecuador.

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

Our daily board moves wrap includes Michael Pivac, Aidan Flynn, Simon Amos, Sally-Anne Layman, Mark Le Messurier, Michael Ball, Tanugula Rao, Geoffrey Clifford, Joe Graziano, and Mauro Balzarini.

Family Insights Group has raised $422,112 through a placement at 0.1 cents a share. Riversgold has raised $218,000 through a placement at 2.2 cents a share. 

Peter Tazewell has resigned as chief executive of DTI Group and will leave the company at the end of June.

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

The 9,200-kilometre Indigo subsea cable system that links Perth to Singapore and Sydney has been commissioned.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Our daily board moves wrap includes Rebecca Broughton, Gemma Davies, Kevin Piepgrass, Mark Lynam, and John Langoulant.

Our weekly appointments wrap includes John Langoulant, Sue Pember, Maria Saraceni, Wayne Peel, Alex Willcocks, Adrian Gurgone, Lorraine Gregoriadis, Sarah Greenough, Sarah Bagshaw, Mark Woffenden, Lisa Paul, Dianne Bain, Claire Wilkinson, Trudy Cook, Anthony Mauro, Lui Pangiarella, Jason O’Meara, Alex Da Silva and Doug McKay.

Business News has joined forces with Perth-based start-up CXWA to promote a new way to engage and learn about the Chinese market, the Beijing Business Discovery Tour.

The federal court has ordered Garuda and Jetstar to pay $19 million and $1.95 million in penalties, respectively, after action taken by the Australian Consumer and Competition Commission.

SRG Global has secured a contract with GFG Liberty OneSteel at its Whyalla Steelworks site, worth up to $45 million.

Orthocell has capitalised on a sustained rally in its share price to raise $10.6 million via a share placement at 40 cents per share.

Steve Abbott has been appointed to the newly-created role of managing director at Caravel Minerals.

Strike Energy has executed a $5 million sales option with Wesfarmers subsidiary CSBP, for up to 100 petajoules of gas from its half-owned West Erregulla project.

Multiplex has collaborated with local company TENSA Equipment to utilise an automated lifting device the construction giant believes could be a game changer for the industry.

US-based mobile software company Syntonic has appointed Edward Meagher as joint company secretary. He replaces Kate Sainty who has gone on maternity leave.

The state government has introduced a science, technology, engineering and mathematics skills strategy, which aims to have 85 per cent of year 12 students completing two or more STEM courses.

The University of Notre Dame Australia and Fremantle Ports have signed a partnership agreement designed to create new study, research, training and graduate opportunities for both organisations and the broader Fremantle community.

Chevron has started the second stage of its Gorgon drilling campaign, which will create 11 new wells at the $5 billion project on Western Australia’s north-west coast.

Auroch Minerals is tapping into the resurgence of nickel activity in Western Australia, striking a deal to acquire Minotaur Exploration’s Saints and Leinster projects near Kalgoorlie.

Mark Warburton has joined Esports Mogul as chief marketing officer.