Tony Galati’s battle with the Potato Marketing Corporation has been dealt a setback, after the regulator won an injunction from the Supreme Court to prevent him producing more than his allocated quota, until at least January 2.
A joint venture between Nextgen Group and Vocus Communications is considering plans to construct a submarine telecommunications cable between Perth and Singapore.
TPG Telecom is raising $300 million through a placement of shares to local and overseas institutions to repay debt accrued during its acquisition of Perth-based rival iiNet.
Macmahon Holdings has won a contract at Newcrest Mining’s Telfer gold project in the Pilbara, which is expected to bring in $62 million in annual revenue.
Fortescue Metals Group chairman Andrew Forrest has strongly criticised the strategies of the state’s other major iron ore miners at the company’s annual general meeting today, although the board experienced a close shave on its remuneration report.
The US dollar index has touched its highest since April on growing expectations the Federal Reserve will raise interest rates next month, while US stocks ended up after a late-session bounce.
Gold has fallen toward a three-month low as the US dollar hits a seven-month peak on prospects the US Federal Reserve will raise interest rates in December, while silver and platinum extend losses to multi-week troughs.
Gold miner Beadell Resources has come under new leadership, with the company appointing former Red Back Mining executive Simon Jackson as managing director and chief executive.
International communications agency King Content has opened an office in Perth, to meet what it says is an underserved market and client-driven demand.
Shares in recently listed companies Norwood Systems and ResApp Health have surged in recent weeks as investors warm to the wave of tech companies completing reverse takeovers.
Marine services company MMA Offshore has won a $50 million contract to provide services to Woodside Petroleum, but says low oil prices are placing significant pressure on market demand, with conditions unlikely to improve during the financial year.
NRW Holdings has accepted a payment of $30 million to settle its dispute with Samsung C&T over work on the Roy Hill iron ore project, despite having been awarded $35 million through adjudications under the Construction Contracts Act.
Doray Minerals has finalised a $51 million contract with GR Engineering Services for work at its Deflector gold project in the Murchison region, which is now fully funded and on-track for production by mid-2016.
The contest for Asciano looks set to heat up after a QUBE Holdings-led consortium sought to trump Brookfield Infrastructure with a $9.02 billion takeover proposal for the ports and rail operator.
Oil prices have fallen for the fourth straight session as traders weighed lowered OECD global growth forecasts and weak Chinese crude imports against abundant supplies.