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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.

Gold production fall claims disputed

The boss of gold mining consultancy Surbiton Associates has rejected reports that Australian gold production is set to fall substantially.

Millennium dampens forecast

Millennium Minerals will take on more debt after revising production guidance at its Nullagine gold project to include increased costs and lower output.

Middle Island raises doubts on Alto takeover

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.

Potash players primed for slice of growing market

SPECIAL REPORT: As land and population pressures drive the need for more productive farming, WA finds itself at the centre of a new mining race.

Kalium awards $60m of Beyondie contracts

Kalium Lakes has awarded four contracts related to purification plant facilities for its Beyondie sulphate of potash project, with DRA and FIRM Construction among the winners.

Wesfarmers' Kidman takeover a step closer

Kidman Resources shareholders will vote on Wesfarmers' $776 million takeover offer in August, as the conglomerate flagged a $700 million investment in the Mt Holland lithium project.

Iron ore juniors back in game

The price rebound this year has sparked renewed mining interest in at least eight previously mothballed projects.

FMG approves $417m new mine

Fortescue Metals Group’s has given the green light to its US$287 million ($417 million) Queens Valley mining area development, after it received all necessary environmental and heritage approvals.

Strike joins Northern Minerals as R&D tax losers

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.

Lynas to spend $500m, set up WA processing

Lynas Corporation says it plans to spend $500 million by 2025 to boost production and expand its processing operations to Western Australia.

$21bn pours into WA’s top 10 mining projects

High-level iron ore, lithium and gold projects set pace for more than 50 developments in fresh commodities boom.

Tech scene: Plaak

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.

Venture to raise $5.7m for iron ore restart

Venture Minerals will undertake a share placement and rights issue, with the funds set to fast-track the restart of its Riley iron ore mine in Tasmania.

Lynas to develop US processing facility

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.

Sorrento sites sold for $10m to be apartments

Two commercial sites on West Coast Drive in Sorrento were sold to Megara for $9.75 million last month, and are set to be developed into luxury residential apartments.

Andes and Metminco set to merge

ASX-listed Metminco and West Perth-based Andes Resources have agreed binding terms for a merger, which is supported by Andes’ cornerstone shareholder Sandfire Resources.

Proposed estate worth $75m in doubt after liquidation

An entity related to a developer with plans for a 146 block-estate in the suburb of Southern River has been placed into liquidation.

Hotel boom over after 16 new builds, report

Perth’s hotel construction boom is entering its final phases, as existing and new operators adjust to a market transformed by the largest pipeline of development in Western Australian history.

Pantoro to buy stake in Central Norseman for $45m

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.

Juniors raise $12m

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.

AHG downgrades full-year profit

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.

WA govt $900m behind on infrastructure promises this year

The state government has fallen $1.7 billion behind its infrastructure spending commitments over the past two years, according to Western Australia’s civil construction industry’s peak body.

Brakes put on Parkd’s Mazda carpark

Parkd’s construction of a 190-bay relocatable car park for Mazda Bayswater has been parked for the foreseeable future, after the dealership said it would reassess the timing of the expansion.

AHG backs AP’s improved takeover bid

Automotive Holdings Group’s $2.3 billion takeover from rival AP Eagers is set to go through, after AHG urged its shareholders to accept a revised offer from AP.

Jerkovic quits Geopacific

Milan Jerkovic has resigned as non-executive chairman of Geopacific Resources after five years in the role, and he will be replaced by Ian Clyne.

Empired loses out on Main Roads works

Shares in Empired fell as much as 20.5 per cent today, after the company announced it would not have its contract extended for the provision of ICT services for Main Roads Western Australia.

Tech Scene: Fire Tech

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.

Residential building approvals rise in WA

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.

Centennial thrown a lifeline

ASX-listed AuStar Gold has entered into discussions with the administrators of Centennial Mining to acquire the failed miner, as it seeks to grow its Victorian gold operations.

Perth apartment approvals down 68%

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.

ALDI says it contributed $139m to WA

A report commissioned by ALDI has found the German supermarket giant contributed over $139 million to Western Australia’s economy in 2018.

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Morning Headlines

Crackdown on rorters taking ATO for ride

Morning Headlines

ATO warns on ‘systemic abuse’

Strong growth for Perth’s luxury suburbs

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.

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.

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

IGAs feel pinch as Aldi rolls in

Perth's grocery wars, amplified by giant Aldi’s market push and price cuts by Coles and Woolworths, have claimed five struggling smaller supermarkets over the past five months.

Morning Headlines

FMG dispute goes to Canberra