Business News

Japanese fashion store UNIQLO has announced it will open a second Perth store at Westfield Carousel this winter.

Perth businessman Tim Ungar has been appointed chair of Perth Festival.

Saracen Mineral Holdings posted record quarterly gold production of 89,208 ounces for the March quarter, with costs below its previous guidance.

Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.

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Shares in the Simon Trevisan-chaired startup, Assetowl, more than doubled today, after it signed a trial agreement with The Agency Group Australia for its property management software.

Shell has sold its interest in the Greater Sunrise offshore fields to Timor Gap, the national oil company of Timor-Leste, for US$300 million ($420 million).

Altech Chemicals has raised $18 million via a share placement, with the proceeds to primarily go towards the company’s high purity alumina (HPA) plant in Johor, Malaysia.

Takeover target Lynas Corporation has reported a 32.5 per cent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers.

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Antipa Minerals has announced it completed a $5.1 million capital raising, with the funds set to further its exploration in the Paterson province of the Pilbara.

Mineral Resources has announced the pricing of its US$700 million ($975 million) worth of senior unsecured notes due in 2027 will pay a return at a rate of 8.125 per cent per annum.

The state government has launched a $1.52 billion major roads package as part of the 2019-20 state budget, and announced a $415 million funding boost for Metronet.

Natalie Teo has replaced Jeremy Robinson as company secretary of Marindi Metals.

Gage Roads Brewing Company has raised $8 million via a share placement, with the funds raised to go towards its new canned beer product strategy.

Perth-based real estate agent The Agency Group Australia has recorded a bumper March quarter, including its second highest commission revenue for a quarter on record.

Dunsborough-based firm Nauti-Craft was last night presented with a prestigious award in London for its development of an innovative marine suspension system.

The federal government's Foreign Investment Review Board (FIRB) has given the tick of approval to a private consortium’s proposed acquisition of global education provider Navitas.

A former insurance broker who admitted funnelling almost $200,000 owed to clients into his own bank accounts has been sentenced to two years and nine months imprisonment.

TV2U International has appointed Bret Silvey and Hannah Ward as non-executive directors.

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Copper and gold explorer Stavely Minerals has announced it is has raised $3.2 million via a share placement, and is looking to receive a further $1 million through a share purchase plan.

SRG Global has secured an $11.85 million contract for the University of Melbourne’s Lincoln Square project.

Attorney General John Quigley has announced Clifford Chance partner Jenni Hill has been appointed to the Supreme Court of Western Australia and Justice John Vaughan to the Court of Appeal.

A majority shareholding in Perth-based INX Software has been bought by the private equity arm of Melbourne investor John Wylie’s Tanarra Capital.

Ed Mason has been appointed a corporate advisor of Calima Energy. Mr  Mason has more than 20 years of experience working for global investment banks.

Flinders Mines has abandoned its bid to delist from the ASX, following a battle with minority shareholders over the proposal.

The federal government has allocated $25 million towards a battery industry research initiative to be headquartered at Curtin University, while the Bentley-based university today announced it had awarded the main construction contract for a $110 million development.

Valmec’s infrastructure and service divisions have won three new contracts with long-term repeat clients.

A total of 34 insolvencies were announced for WA-incorporated companies in the past fortnight

Spectrum Metals has received firm commitments from investors to raise $5 million via a share place, with the funds set to go towards the company’s Penny West gold project in Western Australia's Mid West.

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