Fraser Beattie
Business News
Perth, WA, Australia
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Past articles by Fraser:
Top prize winners at state resources awards
Fortescue Metals Group, Iluka Resources and Rio Tinto are among the five overall category winners in the 2017 state government’s Awards for Excellence. → Read More
Cochrane to succeed O'Conner as Ausdrill chair
Ausdrill’s long-serving chairman, Terry O’Conner, has announced he is handing over the reins to his deputy Ian Cochrane later this year, putting to rest a 24-year career with the mining services business. → Read More
Doray ponders Westgold JV
Gold miner Doray Minerals is considering a joint venture arrangement with Metals X spin-out Westgold Resources over its Gnaweeda project. → Read More
Civmec pursues ASX listing
Henderson-based shipbuilder Civmec has announced plans to list on the ASX, with details of its entry yet to be determined. → Read More
CTI buys Jayde Transport
CTI Logistics has acquired national business Jayde Transport in an all-cash deal worth up to $7.5 million, as it looks to lessen its reliance on the local market. → Read More
Vessel operator falls into administration
The administrators of troubled oil and gas services provider Go Marine Group say they are confident they can recapitalise the business. → Read More
Gold juniors raise $22m
Local gold explorers Echo Resources and Kairos Minerals have raised a combined $22 million from investors to fund ongoing work at their respective projects in Western Australia. → Read More
Sheffield raises $32m for Thunderbird
Sheffield Resources has tapped investors for $32 million to fund ongoing development of its Thunderbird mineral sands project in WA. → Read More
Schaffer sells Urbanstone to Brickworks
Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million. → Read More
Dreamscape buys Sydney firm
Local company Dreamscape Networks has entered into an agreement to acquire Sydney-based Enetica Group for $4.4 million in cash. → Read More
Capricorn's gold project to cost $146m
Gold explorer Capricorn Metals has released a feasibility study for its Karlawinda gold project near Newman, which will cost about $146 million to develop. → Read More
Local share turbulence in wake of Barrick's Tanzania plan
Global miner Barrick Gold announced overnight a deal with the Tanzanian government that involves a 50:50 sharing of benefits from its operations in the country, prompting sharp price movements in local stocks that are exposed to the region. → Read More
App/tech business of the week ~ SpacetoCo
SpacetoCo is a web-based application that allows users to search, book and pay for the space the user needs wherever he or she is located. It allows anyone who has space to list it for availability for free. → Read More
WA unemployment falls, but higher than nation
Western Australia’s unemployment rate fell 0.2 percentage points last month, and was among the top performing states for annual employment growth according to new data. → Read More
Sheffield to demerge assets
Sheffield Resources has announced plans to spin-out its gold and base metals assets into a separate entity and list it on the ASX, as it progresses development of its flagship Thunderbird mineral sands project. → Read More
NRW preferred for $300m Gascoyne contract
Aspiring gold miner Gascoyne Resources has tapped NRW Holdings for a $300 million mining services contract at its Dalgaranga project in WA. → Read More
Perth housing affordability hits 10-year high
Now is the best time for Perth homebuyers to find a bargain as the city’s housing affordability has climbed to its highest level in 10 years. → Read More
Sheffield appoints GR, sources funds for Thunderbird
Sheffield Resources has mandated investment vehicle Taurus for a $US200 million ($A255 million) debt finance facility arrangement to be used for the development of its Thunderbird mineral sands project, of which GR Engineering Services has been named preferred contractor. → Read More
Newcrest to upgrade Telfer
Newcrest Mining will spend $93 million this quarter to expand its Telfer gold mine in Western Australia, after the state government was last week forced to abandon its planned gold royalty increase. → Read More
Quintis terminates supply deal
Troubled Indian sandalwood producer Quintis has ended its sales agreement with a Chinese customer that was being investigated for customs evasion. → Read More