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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.

Wesfarmers makes $776m bid for Kidman

Wesfarmers has made a second takeover bid for a miner, with a $776 million proposal for lithium company Kidman Resources, as it seeks to benefit from the global uptake of electric vehicles.

AP speeds to majority AHG stake

AP Eagers has acquired a provisional majority stake in Automotive Holdings Group, just a week after AHG told shareholders not to accept the offer until it released its target statement on May 8.

Local contractor wins BHP nickel works

West Perth-based Aerison has been awarded a contract by BHP Nickel West for the construction of a nickel sulphate plant located at its Kwinana nickel refinery.

LandCorp, Power Ledger in 100% renewable development

LandCorp and energy trading platform Power Ledger have unveiled a 100 per cent renewable energy residential development at East Village at Knutsford near Fremantle.

Eastern Goldfields launches $40m rebirth

Failed gold miner Eastern Goldfields has released details of its planned recapitalisation strategy, with the company lodging a prospectus today for a capital raising of between $30 million and $40 million.

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.

Tempo appoints Dalgliesh amid possible solar cost blowout

Tempo Australia has appointed the former chief executive of failed engineering firm RCR Tomlinson as an adviser, as a potential cost overrun looms over its Victorian solar energy project.

AP edges closer to AHG majority stake

AP Eagers has increased its provisional stake in takeover target Automotive Holdings Group, the second time in less than a week, to 42.62 per cent.

Tempo board exodus continues as MD quits

Tempo Australia managing director Ian Lynass has resigned amid a major project cost blowout and the West-Perth company revealing it will likely move its headquarters to Sydney.

Orica flags $191m Burrup writedown

ASX-listed explosives maker Orica said it expected a $191 million writedown in its first-half results, primarily due to equipment defects and obsolete assets at its half-owned Burrup ammonium nitrate plant near Dampier.

Byrnecut revenue nears $1bn

Australia's largest underground mining contractor Byrnecut Australia has reported a profit of $20.23 million for the 2018 calendar year, after lifting revenue to $991 million.

AHG appoints new chair as bidder lifts stake

AP Eagers has increased its interest in Automotive Holdings Group by 9.15 per cent, as the takeover target appointed a former KPMG and Ernst and Young partner as its new chairman.

Alaskan delays hit Northern Star’s production

Delays at Northern Star Resources’ Pogo mine have dented the company's quarterly production, but the gold miner forecasts the next quarter’s production will be a record.

Tech scene: ClimateClever

ClimateClever is an online program that enables schools to reduce carbon emissions associated with electricity, gas, water and waste, save money on utility bills and improve student learning around sustainability, climate change and carbon reduction.

3 Oceans scraps Scarborough project, seeking JV

Developer 3 Oceans Property is looking for joint venture partners for a redesigned Iconic Scarborough project, after it announced the $450 million project is officially on hold due to the current market making the development financially unviable.

Ausdrill sacks employee and alerts police over $10m fraud

Ausdrill has sacked an employee and reported them to police after discovering approximately $10 million of allegedly fraudulent payments over eight years.

MZI falls into administration

McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.

Mortgage lending hits record low in WA

Housing finance provider Australian Finance Group says lending for homes in the first three months of 2019 in Western Australia has plunged to the lowest level since it began tracking mortgage values in mid-2012.

Decmil wins $105m Vic contract

Decmil Group has been awarded a $105 million contract by Major Road Projects Victoria for Stage 2 of the Plenty Road Upgrade project.

Sumatra to follow Orinoco into administration

Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.

Hutchinson back with $16m Ausdrill deal

Ausdrill has sold its waterwell drilling business to the Peter Hutchinson-chaired Vysarn for $16 million, and the ASX hopeful is seeking to raise $13 million.

Perth house prices to fall 7.6%

Perth’s housing market is expected to continue its decline in 2019, with a trough not likely until 2020, according to the latest CoreLogic-Moody’s Analytics house price forecasts, which are substantially more negative than the previous report six months ago.

Juniors to raise $15.1m

Three junior explorers have announced capital raisings, with Beacon Minerals and Galan Lithium allocating the funds raised towards their respective flagship projects, while Pacifico Minerals is seeking to acquire a project.

Wesfarmers defends Malaysian govt discussions

Wesfarmers said its talks with the Malaysian government about Lynas Corporation had been mischaracterised, as the rare earths miner confirmed it was considering Western Australian sites for materials processing from its Mt Weld mine.

Westgold sells lithium royalties for $15m

Westgold Resources has sold two lithium production royalties in the Goldfields to Silverstream, just over four months after it terminated an agreement to sell the royalties to the same company.

Tech scene: WeDispatch

WeDispatch was formed when Dublin-based WeBringg acquired Perth-based Spatula.io in July 2018, and the software development team continues to be based at IQX at the University of Western Australia.

Wesfarmers confirms Malaysian govt talks for Lynas

Wesfarmers has confirmed it engaged in discussions with the Malaysian government in regards to its takeover target, Lynas Corporation, as the rare earths miner revealed it may set up processing operations closer to its Mount Weld mine near Laverton.

AP Eagers seeks $1.84bn merger with AHG

AP Eagers has made a takeover bid for Automotive Holdings Group, which values the struggling West Perth-based car retailer at around $635.4 million.

Passenger car sales stuck in reverse

Sales of passenger vehicles in Western Australia in the three months to March fell by 18.5 per cent from the prior corresponding period and sales of sport utility vehicles also fell, but demand for light commercial vehicles was on the rise.

Battery metals juniors raise $15.5m

Listed companies Battery Minerals, Cassini Resources and First Graphene have completed share placements, with the proceeds to help fund their projects in the battery metals sector.

Capricorn to raise $10.1m

Gold aspirant Capricorn Metals has announced a $10.1 million rights issue, while the company assess sale options, including being acquired.

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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