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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.

Metals X seeking over $32m to revive Nifty

Copper and tin producer Metals X has launched a $32.7 million capital raising to turn around its struggling Nifty copper operation, less than three weeks after it refreshed its board at the behest of its largest shareholder.

Juniors to raise $13.4m through rights issues

Paringa Resources is seeking to raise $8.1 million, while Mali Lithium is on the hunt for $5.3 million, both via rights issues.

RAC quadruples profit

The Royal Automobile Club has posted strong full-year revenue and profit figures, but the not for profit also wrote-down the value of two of its business ventures.

Ibaera launches hostile $27m offer for Azumah

Ibaera Capital has made a hostile $27.4 million takeover bid for fellow West Perth-based company Azumah Resources, as the fund manager seeks to get both hands on its gold joint venture in West Africa.

Rinehart’s $340m potash investment in strife

Gina Rinehart’s Hancock Prospecting may have to pour more funds into the severely cash-strapped UK-based Sirius Minerals, after the company shelved a $US500 million bond issue for a multi-billion dollar potash project in the UK, blaming factors such as a lack of government support and Brexit uncertainty.

AMMA report overstates WA mining jobs

A widely publicised report out today that claimed Western Australia will need 10,700 more operational workers in the mining sector by 2024 appears to be misleading, according to a review by Business News.

Peninsula flags impairment up to $43m

Subiaco-based uranium company Peninsula Energy has flagged a write-down of between $US20 million ($29.2 million) and $AUS30 million ($A43.8 million) stemming from its Lance on-site recovery project in the US state of Wyoming.

Evolution signs $18m JV with Musgrave

Evolution Mining has agreed to spend $18 million on exploration over the next five years on West Perth-based Musgrave Minerals’ Cue gold project in the Murchison region.

Gold Road’s bright deal delivers at Gruyere

Gold Road Resources’ lucrative path to production could be the catalyst for change in how gold juniors advance their projects.

Gold stars prepare for pit fight

Northern Star Resources and Evolution Mining have emerged as the main contenders to acquire Barrick Gold’s share in the historic Kalgoorlie Super Pit.

Production lags record gold price

The state’s gold miners are positioning themselves to take advantage of the commodity’s surging value.

Titan continues pursuit of Core with $77m bid

Subiaco-based Titan Minerals has launched its second takeover offer this year for Canada-based Core Gold, which is the largest gold producer in Ecuador, for a lower value than its initial bid.

Clark stacks Capricorn with ex-Regis execs

Mark Clark-chaired Capricorn Metals has announced four new board and management appointments, including a new chief executive, all formerly employed at Regis Resources, which Mr Clark led for nine years.

Pacific accepts QIC offer

The board of Pacific Energy has backed QIC’s improved takeover bid, after it matched a rival $470 million offer.

Northern Star flags $43m Pogo spend

Northern Star Resources will outlay $43 million to expand the capacity of its Pogo gold mine in Alaska by 30 per cent.

Fight for Pacific becomes bitter

The two-way battle to acquire Pacific Energy has turned hostile, after original bidder, QIC, lodged an application with the Takeovers Panel today.

WA directors in multi-million dollar share trades

Directors of several Perth-based ASX-listed companies have undertaken substantial share transactions in the past fortnight, with Peter Bradford, Peter Cook and John Welborn among those taking advantage of the trading window after the release of their annual results.

Synergy wins $30m govt contract

Synergy has secured a substantial electricity supply deal with the North Metropolitan Health Service, one of several electricity contracts awarded by government agencies in the health and education sectors in recent months.

HYDE Kitchen coming to Perth

International bar and restaurant chain HYDE Kitchen + Cocktails will feature at Accor’s The Adnate hotel when it opens in October.

Unemployment for WA geos reaches six-year low

Employment opportunities for geoscientists in Western Australia are improving, but it is not the best state in Australia for job prospects, according to the latest data from the Australian Institute of Geoscientists.

Subi outfit strikes Honeywell deal

Shares in Strategic Elements surged up to 32 per cent today after the software company announced a 12-month deal with multinational conglomerate Honeywell to develop experimental autonomous robotic vehicles

Hutchinson’s Vysarn relists on the ASX

Vysarn has rejoined the ASX with a healthy share price gain, five months after it struck a deal to purchase Perenti Global’s waterwell drilling business for $16 million.

Maximus finds new Burbanks buyer

ASX-listed Maximus Resources has reached a $5.2 million sale agreement for its Burbanks gold processing plant in the Coolgardie region, after its previous $5.8 million deal with Adaman Resources fell through.

Consortium outbids QIC with $470m Pacific offer

Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.

Sheffield raises $18m

Sheffield Resources has raised $18 million via a share placement, in lieu of a bridging loan facility, and to progress the strategic partner process for its Thunderbird mineral sands project.

WA lending up from historical lows

Lending to investors and first homebuyers in Western Australia is showing early signs of a rebound from its record slump, according to the latest seasonally adjusted data from the Australian Bureau of Statistics.

WA strikes record domgas production

Western Australia’s domestic gas production for the three months to June was a quarterly record, leaving the state experiencing a surplus of gas while east coast production fell again.

Lynas set to choose Kalgoorlie for processing

Lynas Corporation has signed an agreement with the City of Kalgoorlie-Boulder to review potential sites for a cracking and leaching plant, as the rare earths producer seeks to assuage concerns from Malaysia around radioactive waste.

Local gold miners crack ASX 200

Gold Road Resources and Silver Lake Resources will join the S&P/ASX 200 index, while Seven West Media was among the losers in the indices reshuffle, as the quarterly rebalance of the S&P/ASX indices was announced today.

Govt backs $33m Kwinana graphite project

Kibaran Resources has welcomed state government support in the development of its planned graphite plant, one of several potential projects in Kwinana’s emerging 'battery valley'.

Kidman green lights Wesfarmers takeover

Wesfarmers is set to enter the crowded lithium market, after Kidman Resources shareholders backed the conglomerate’s $776 million takeover offer.

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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.

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

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.