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Adrian Rauso

Adrian Rauso joined Business News in February 2018 as the morning email producer and is the online news reporter as of January 2019. Adrian completed a degree in journalism and politics at the University of Notre Dame, where he was the co-editor of the University’s student magazine for nearly two years. He also has experience in corporate affairs at the United States Consulate in Perth.

Resolute rises on repair assurances

Resolute Mining was the gold medal performer on the ASX 200 this morning, as investors welcomed news that a broken processing circuit at its Syama operations would not affect its production guidance.

Tao to acquire iron ore junior

Subiaco-based Tao Commodities has added to the growing interest among junior mining companies in the Western Australian iron ore sector, after it signed a binding term sheet to buy DSO Mining in a scrip deal worth at least $3.27 million.

Finbar strikes JV for CBD apartments

Finbar Group has signed a joint venture agreement with a Singapore-based developer to purchase 1,697 square metres of land in the CBD for $6.5 million, which Finbar estimates will have an end value of $71 million once developed.

Tinley primes WA for slice of Indonesia trade deal

Asian Engagement Minister Peter Tinley has talked up Western Australia’s business opportunities with Indonesia, as federal parliament is set to ratify a significant trade deal with the South-East Asian country.

CSG to be bought out for $141m

Printing and IT services provider CSG is set to be acquired by Japanese firm Fuji Xerox in a deal worth $140.8 million.

Galaxy to slash exports

Galaxy Resources will scale back shipments from its flagship Mt Cattlin mine by up to 48 per cent, as weak global demand for lithium continues to linger.

Botanix shares plunge on study results

Shares in Bentley-based medical cannabis company Botanix Pharmaceuticals have nearly halved, after it released the results of its clinical trial for acne treatment.

TNG plans London listing

ASX-listed TNG is seeking a dual listing on the main market of the London Stock Exchange, as the Subiaco-based company hunts for investors to get its $824 million Mount Peake vanadium-titanium-iron project off the ground.

Veris bounces back after cutting costs

Surveying services business Veris recorded a 27.8 per cent rise in underlying earnings for the September quarter, underpinned by a substantial cost cutting strategy, which has been welcomed by investors.

Thomas awarded Kalgoorlie and Karratha contracts

Thomas Building has secured works at the $17 million Tambrey Shopping Centre - the first major retail development in Karratha in two decades - and been contracted to build the $6 million Kalgoorlie Renal Hostel.

DoricJaxon posts $5.4m profit

DoricJaxon Consolidated maintained a modest profit for the 2019 fiscal year, despite sluggish conditions in Western Australia's commercial construction sector.

Saracen posts record quarter

Gold miner Saracen Mineral Holdings has produced a record 96,324 ounces for the September quarter, at a lower cost than it anticipated.

IGO quarterly profit up 119%

Independence Group has more than doubled its quarterly profit, as it benefited from surging nickel and gold prices.

Hype dampened over $9bn Oakajee project

Minister for Ports and Regional Development Alannah MacTiernan says a multi-billion dollar Oakajee port and rail project is unnecessary and Sinosteel’s Midwest general manger said there were no guarantees the company would push ahead with the project.

Poor grains outlook tipped for WA

Significantly lower grain production is on the cards in Western Australia for the 2019-2020 season, with Rabobank Australia predicting a fall of over one third.

Geopacific raises $40m to help fund PNG project

Geopacific Resources has completed a $40 million share placement, and aims to raise a further $5 million via a share purchase plan to fund its $198.5 million Woodlark gold project in Papua New Guinea.

Cashies to pay $43m to settle class action

Investors have welcomed an agreement by Cash Converters International to pay $42.5 million to settle a class action in Queensland.

Seven West offloads magazines for $40m

Seven West Media has struck a deal to sell its magazine assets, which include Marie Claire, Men's Health and New Idea, to Bauer Media for $40 million in cash.

Few bright spots as house price woes linger

The Real Estate Institute of Western Australia’s latest data has confirmed the dire market for Perth’s homeowners, but Floreat, Karrinyup and Mindarie were among the handful of suburbs to record a positive median price shift.

St Barbara shares drop on Gwalia downgrade

St Barbara was the biggest loser on ASX 200 this morning, after it lowered production guidance at its Gwalia gold mine in Western Australia.

Seven West strikes $92m worth of M&A deals

Seven West Media has announced an agreement to acquire regional TV broadcaster Prime Media, while the Kerry Stokes-chaired company will also divest its radio assets in Western Australia to Southern Cross Austereo.

WA unemployment edges lower

Western Australia’s seasonally adjusted unemployment rate fell 0.1 percentage points in September to 5.7 per cent, marking the fourth month in a row the rate has remained below 6 per cent.

Pogo worries bite Northern Star

Shares in Northern Star Resources slumped today following the release of a quarterly update for its Pogo mine in Alaska, but the gold miner has assured investors that the weak results from the highly-touted operation were expected.

Woodside pushing ahead on Browse

Woodside Petroleum is priming itself to begin design work on its $30 billion Browse LNG project by the end of the year, and has reiterated its intention for a final decision on construction during the first half of 2021.

WA companies band together against slavery

Fortescue Metals Group, South32, Iluka Resources, Western Power and Synergy are among a group of 10 resources and energy companies collaborating to develop a toolkit to pre-screen for modern slavery risks within their supply chains.

Northern Star takes control of Echo

Northern Star Resources has surpassed a 50 per cent stake in takeover target Echo Resources, and has moved swiftly to change the board of the gold junior.

Rio’s Pilbara output recovering

Rio Tinto has recorded an increase in its Pilbara iron ore shipments for the September quarter, but it is still behind in its production results compared to the year prior.

G&S wins $20m contract

G&S Engineering Services has been awarded a $20m contract by Kalium Lakes, the latest beneficiary from a string of contracts the potash player has handed out recently.

BGH to create Australia’s largest cyber firm

Perth-based Diamond Cyber Security and Asterisk Information Security will be two of at least 12 Australian cyber security firms bought out by BGH Capital and merged into a new entity to compete with the larger US-based vendors.

MACA, NRW win $61m of contracts

MACA has secured a $26 million contract at the Fortescue Metals Group-operated Iron Bridge magnetite project in the Pilbara, while NRW Holdings secured a contract in Queensland.

11 contractors suspended by WA govt

The state government has banned 11 contractors for up to five years each, as a result of the Corruption and Crime Commission’s (CCC) investigation into the North Metropolitan Health Service.

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Work under way on $400m Karratha FIFO camp

Multiplex has commenced construction of the 604-bed Bay Village accommodation facility for Woodside Petroleum's fly-in, fly-out workers in Karratha.

Sweetlips and Tim Ho Wan close doors

Perth’s hospitality woes have continued, after fish and chip chain Sweetlips entered liquidation and Raine Square tenant Tim Ho Wan closed its doors after less than a year.

Morning Headlines

Crackdown on rorters taking ATO for ride

Perth house prices fall again

The median price of a house in Perth recorded the largest decline among all state capitals for September, with the slump over the past five years now surpassing 20 per cent, according to the latest CoreLogic data.

most commented

Flinders disclosure concerns mount

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

Morning Headlines

Elanor in $125m Perth purchase

Busselton misses out on Qantas base

Busselton has missed out on a new pilot training base, after Queensland snagged both Qantas academies.

WA business confidence falls again

Western Australia’s business confidence has fallen for the second quarter in a row, which the Chamber of Commerce and Industry of WA says indicates the need to reduce WA’s payroll tax.