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.
Western Australia will know as early as next year if Woodside Petroleum's Scarborough, Pluto and Browse gas projects, worth a combined $36 billion, will be given the green light, as the business posted a 28 per cent rise in profit today.
Tabcorp has confirmed it is interested in acquiring the Western Australian government-owned TAB, on the same day it announced a 642 per cent rise in profit stemming from its $11 billion merger with Tatts Group.
The state government and the Grains Research and Development Corporation have signed a $48 million scientific partnership for research into Western Australia’s grainbelt soils and boosting grain production for local growers.
Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.
The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.
Perth-based Arafura Resources' definitive feasibility study for its flagship Nolans rare earths project in the Northern Territory has revealed higher production and lower capital costs than previously anticipated.
Sales of new hybrid cars have continued their rapid growth, rising by 140 per cent in January in Western Australia compared to the same month last year, and bucking the overall trend of declining new vehicle sales.
Shares in Perth-based Australian Finance Group and in ASX-listed Mortgage Choice plunged today on concerns the mortgage broking sector will be one of the biggest losers from the banking royal commission, which recommended the banning of commissions paid by lenders to brokers.
Three local junior resources companies are undertaking capital raisings, with Sovereign Metals to raise up to $5.3 million, Global Energy Ventures up to $5 million, and Northern Minerals to raise $3 million.