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Adrian Rauso

Adrian Rauso joined Business News in February 2018 as the morning email producer and will take over as the online news reporter in 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.

Morning Headlines

Corporate tax take increases by 19 per cent

Morning Headlines

GIC backs $326m buy as mining cities regain lustre

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Financiers take control of $61 million Park Avenue apartment complex

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Australia seeks more of lithium battery pie

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NBN targets business for $1 billion

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Australia becomes an LNG force

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Red tape risks holding up frackers until 2021

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Gold-hunt spending rockets

Austal secures $152m in contracts.

Austal will build a ferry for the government of Trinidad & Tobago, in a deal worth approximately $97.7 million, while also announcing it had won an advanced $54.9 million order for materials to construct a transport vessel for the US Navy.

FBR and Caterpillar cancel agreement

FBR and Caterpillar have terminated their memorandum of understanding for Caterpillar to build and distribute FBR’s robot bricklaying machines worldwide.

Valmec, WestStar win contracts

Valmec has secured $25 million worth of construction contracts, including at Mineral Resources’ Wodgina project, while fellow local contractor Weststar Industrial was awarded a $4 million contract at Rio Tinto’s West Angelas mine near Newman.

Nuheara raises $5m

Nuheara has tapped investors for $5 million to primarily fund an increase in inventory levels and marketing for its IQbuds Boost hearing bud, after winning a contract to supply the UK’s National Health Service with the product.

Morning Headlines

PM to end leadership turmoil

NAIF backing for another miner

Verdant Minerals has entered into a non-binding agreement for a $160 million debt facility from the Northern Australia Infrastructure Fund, adding to a string of mining projects in recent months to reach a funding agreement with the fund.

CoreLogic reveals house prices fall

CoreLogic has revealed a decline in Perth house prices for November, which is at odds with the Real Estate Institute of Western Australia’s data suggesting prices increased last month.

Piedmont raises $12m

Piedmont Lithium has tapped investors for $12.2 million to fund an expansion and upgrade at the company’s namesake project in the US state of North Carolina.

Morning Headlines

Fracking bans leave Forrest eyeing court

Scarborough site for sale

A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

Matrix shares rise on $15.3m contract win

Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.

Morning Headlines

Palmer’s CITIC battle ‘endangers 3000 jobs’

Norwest slumps on ASX debut

Shares in Norwest Minerals fell 10 per cent to close its first day of trading at 18 cents each, after the company raised $6.6 million via an initial public offering.

Eastern Goldfields into administration

Eastern Goldfields has been placed into administration, a day after announcing its proposed $75 million recapitalisation plan had fallen through.

Housing construction to remain near record lows

The number of new homes being built in Western Australia has fallen to its lowest level since records started in 1984, with little signs of improvement predicted in the next few years, according to the latest report from the Housing Industry Forecasting Group.

$12bn to be spent on iron ore mines

Rio Tinto has approved a $3.5 billion investment to develop its Koodaideri iron ore mine in the Pilbara, lifting the total amount to be spent on new iron ore projects in Western Australia to $12 billion.

Morning Headlines

New builds in WA hit 30-year low

Canning to step down as Fringe World CEO

Artrage chief executive Marcus Canning has announced he will leave his role at the end of next year’s Fringe World Festival.

Eastern Goldfields’ $75m recapitalisation falls through

Eastern Goldfields is at risk of collapse, after the $75 million recapitalisation plan it announced in late September was scrapped today.

Nuheara wins NHS tender

Local tech company Nuheara has won a two-year contract to provide the UK’s National Health Service with its IQbuds Boost hearing bud for adults and children with mild to moderate hearing loss.

Byrnecut wins $152m West African contract

West African Resources has awarded a five-year, $152 million underground mining contract to fellow Perth-based miner Byrnecut at its Sanbrado gold project in Burkina Faso.

Morning Headlines

Earlier return to fiscal surplusv

London listings for Perth-based miners

Resolute Mining has announced plans to list on the London Stock Exchange, just a day after fellow Africa-focused miner MOD Resources was admitted to the LSE.

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Morning Headlines

Crackdown on rorters taking ATO for ride

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ATO warns on ‘systemic abuse’

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ATO clamps down on company car use

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First rent rise in Perth for five years Perth is still the cheapest capital city to rent a home in Australia, despite the first rental price rise since 2013. The West Atlas facing wipe-out: MinRes

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Elanor in $125m Perth purchase

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FMG dispute goes to Canberra

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WA goes it alone on energy

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$1b GST windfall to boost Budget