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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.

Agrimin, Kalium hit potash milestones

Two budding WA sulphate of potash producers have both reached project milestones today, with Agrimin awarding a port contract, while Kalium Lakes has given the green light to develop its Beyondie project.

Perkins wins $99m in contracts

Perkins Builders has won a $61.7 million contract to develop a new courthouse and police complex in Armadale, as well as the $37.5 million construction contract for Capecare Dunsborough.

Decmil JV confirms $417m contract

Decmil and joint venture partner McConnell Dowell have finalised the main works contract for the Mordialloc Freeway project, six months after being selected by Major Roads Projects Victoria as the preferred tenderer.

Twenty-five businesses share $166m food contract

The Department of Finance has selected 25 businesses for its new common-use arrangement contract to supply food and beverage items to government agencies across Western Australia.

MinRes, IGO make opposite moves on Kimberley JVs

Mineral Resources has terminated a joint venture agreement with Hexagon Resources, while Independence Group bolstered its JV deal with Buxton Resources.

Another Wesfarmers payroll failure stings 6,000 workers for $15m

Less than a week after Bunnings admitted to underpaying workers due to payroll error, a second Wesfarmers division has said it discovered a payroll mistake, which has left around 6,000 workers underpaid to a total of $15 million.

$3bn QLD challenge to WA’s ‘battery valley’ hopes

Magnis Energy Technologies has unveiled the feasibility study for Australia's first battery manufacturing plant near Townsville, which could put a dent in Western Australia’s ambition to establish the country’s primary battery minerals processing and manufacturing hub.

GR shares slump as it confirms potential profit hit

GR Engineering has emerged from an ASX suspension today to disclose that its bottom line will likely be impacted by two major subsidiaries of its client Northern Oil & Gas Australia going into administration last month.

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.

Haegel relishes BHP fixer role

Eddy Haegel has made a career breathing new life into struggling assets at BHP, including the revival of the mining giant’s nickel business; sharing his story at a Business News breakfast today, he was also bullish about the potential to develop more downstream processing of battery minerals in WA.

Port Hedland port increases shipping capacity by 6.9%

Potential shipping capacity at Port Hedland has been increased by 40 million tonnes per annum to 617mtpa, according to the state government.

HotCopper strikes $22m Canadian takeover deal

Share market online chat forum HotCopper Holdings will venture into the North American market after signing a deal to acquire its Canadian equivalent, as it seeks to bounce back from a fiscal 2019 loss.

Energy juniors to raise $7.3m

Oil and gas explorer Whitebark Energy and uranium-focused Toro Energy are seeking to advance their respective projects with equity, with Whitebark completing a share placement and Toro launching a share purchase plan.

WA misses out on NAB’s big banker boost

National Australia Bank will introduce 163 new roles in its business banking division, which it says is part of an Australia-wide customer growth strategy, but the jobs will almost entirely go to the eastern states.

RNC in fresh gold strike

RNC Minerals has recovered an estimated $3.9 million worth of gold within 274 kilograms of rock at its Beta Hunt mine in the Kambalda district of the Goldfields.

Minderoo makes $US300m waste commitment

Andrew and Nicola Forrest’s Minderoo Foundation has announced a $US300 million ($440 million) commitment to establish a new industry-focused initiative to end worldwide plastic waste.

Howarth to leave Wesfarmers, Power to join Strike

Two prominent Perth company directors have been involved in board moves today, with Nev Power to join Strike Energy and Wesfarmers announcing that Tony Howarth will step down.

WA wins big at national food awards

Bacon from Perth, coffee from Broome, pork from Fremantle, and nougat from the Swan Valley have all claimed awards at the 2019 Sydney Royal Fine Food Show’s Taste of Excellence event.

Boost for WAMMCO to capitalise on record sheep prices

The state government will provide a $5 million loan to the WA Meat Marketing Cooperative’s Katanning sheep processing plant, amid record sheep meat prices.

Pioneer receives respite from lenders

Pioneer Credit has reached a standstill agreement with two of its major lenders as it attempts to deal with the fallout from a change in the accounting treatment of its consumer debt portfolios.

New $65m bid for Focus Minerals' Coolgardie project

UPDATED: Focus Minerals has opted to continue negotiating with Horizon Minerals over the sale of its Coolgardie gold project, despite Hong Kong-listed Hanking Gold Mining submitting an alternative offer.

GR’s Northern Oil woes remain unresolved

GR Engineering Services has been suspended from the ASX as the company continues to seek clarity after two major subsidiaries of its client Northern Oil & Gas Australia went into administration on Friday.

Carnegie rights issue scrapes through

Carnegie Clean Energy has reached the minimum of $5.5 million from its rights issue, but announced a shortfall of around $6 million, as the collapsed wave power company inches closer to recapitalisation and relisting on the ASX.

Record WA iron ore and gold sales

A resurgent iron ore price and a record $A gold price underpinned a $30 billion increase in Western Australia's mineral and petroleum sales for the 2019 fiscal year, according to the state government.

262% share price rise for Perth biotech after IPO

Singapore and Perth-based biotech company Osteopore has begun life on the ASX today with a sharp share price surge, following a $5.25 million initial public offering.

Hot Chili leads over $23m in capital raises

Copper and gold explorer Hot Chili has raised $12.1 million via a share placement, while Australian Vanadium and Blackstone Minerals have also locked in funds from capital raisings.

Northern Oil & Gas in administration

KPMG has been appointed as administrator to two subisdiaries of West Perth-based Northern Oil & Gas Australia, with contractor GR Engineering Services going into a trading halt as result of the action.

Bardoc Gold seeking $15m

Bardoc Gold has received firm commitments to raise $12 million through a share placement to advance its Kalgoorlie region developments.

Azumah fires back at Ibaera

Azumah Resources has pushed back against Ibaera Capital’s hostile takeover bid, stating that the mining equity fund has paid substantially more for its current stake in the gold junior than the price of its takeover offer.

Equity crowdfunding on the rise

Interest in equity crowdfunding is growing locally, after Rhinohide reached its investment goal and fellow Perth-based business Tiller Rides announced more than 300 investors have expressed interest in supporting its capital raising.

WA directors in $21m of share trades

Another flurry of substantial share transactions from directors of Perth-based ASX-listed companies have occurred recently following the release of annual results, with David Singleton, Elizabeth Gaines and Rodney Leonard among those involved in the largest deals.

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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.

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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.