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.
Middle Island Resources says a defeating condition of a takeover offer made for fellow Western Australian gold junior Alto Metals has been triggered, after alleging shortfall shares were issued contrary to the terms of a prospectus.
ASX-listed Strike Energy will not receive its federal government research and development tax credits for the 2018 financial year, a week after West Perth-based Northern Minerals was ordered to pay back 50 per cent of its $21.56 million R&D rebate for the same financial year.
Plaak utilises its proprietary Phaeton Blockchain technology to function as a secure digital wallet and facilitate instantaneous peer to peer transactions of Bitcoin, Ethereum, Ripple, Verge and other popular digital currencies.
Lynas Corporation has signed a memorandum of understanding with US-based Blue Line Corporation to set up a rare earths separation facility in Texas, following ongoing regulatory issues at its processing plant in Malaysia.
Pantoro is set to acquire a 50 per cent stake in the Central Norseman gold project from Norseman Gold in a cash and scrip deal worth $45 million, and will raise $43 million via a share placement to fund the transaction.
Three juniors in the resources sector, including Breaker Resources and Saturn Metals, have raised $12.1 million via share placements, with the funds set to go towards each of their exploratory drilling programs.
Automotive Holdings Group has downgraded its profit guidance for 2019 due to weak car sales and the performance of its refrigerated logistics division, a week after it recommended an improved takeover offer from rival auto retailer AP Eagers.
Stirling-based technology education provider Fire Tech Australia recently launched STEM unitED, a school program aimed at promoting careers in STEM by introducing WA students to robotics and drones, and the software used to operate and maintain this tech.
The number of dwellings approved in Western Australia have bucked the national trend and risen by 3.8 per cent in trend terms to reach its highest point since July, according to the Australian Bureau of Statistics’ latest data.
There were 666 apartment approvals in inner Perth for the 12 months to February, a sharp fall from 2,069 in the prior corresponding period, which could driven by high supply in a weak market, according to a new report.
Seven out of the 10 Perth suburbs to have achieved the largest median house price increase in 2018 have at least a 37 per cent higher sale price than the overall Perth median of $505,000, according to the latest Reiwa data.