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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.

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.

WA-based agtech startup secures federal grant

Agtech startup Laconik has received a federal government grant, the only Western Australian-based business out of 15 across the country to receive a portion of a $5.3 million round of funding.

Fortescue’s $3.7bn Iron Bridge gets green light

Fortescue Metals Group and joint venture partners Formosa Plastics Group and Baosteel Resources have approved the $US2.6 billion ($3.7 billion) development of the Iron Bridge magnetite project in the Pilbara, with the iron ore miner assuring the market it will not repeat the mistakes of earlier magnetite projects.

House prices down, new home sales rise

House prices in Perth have continued their downward trend, which has sparked an increase in first homebuyer activity, according to the latest data.

Downing Teal bought by CGH Group

Perth-based employment services firm Downing Teal has been acquired by CGH Group, which will include the creation of a new entity called Beilby Downing Teal that will employ 50 staff across seven offices.

Riversdale rejects Hancock’s $599m offer

The independent directors of Sydney-based Riversdale Resources have urged shareholders to reject the $2.20 per-share offer lobbed by Gina Rinehart’s Hancock Prospecting last month.

Gascoyne posts $47.2m loss, 'significant doubt' over future

Gascoyne Resources has written down the value of its flagship Dalgaranga gold project by $33.5 million, as the company's half-year results revealed its liabilities are greater than its assets.

Skin Elements shares fall despite China deal

Shares in West Perth-based Skin Elements have fallen 23.3 per cent today to trade at 3.3 cents each, following its response to two ASX queries after trade closed yesterday.

Westgold to sell Higginsville for $50m

Perth-based Westgold Resources has agreed to sell its Higginsville gold operation to RNC Minerals, in a cash and scrip deal worth $50 million.

Wesfarmers makes $1.5bn move on Lynas

Wesfarmers has made a $1.5 billion indicative offer for rare earths miner Lynas Corporation, its first takeover bid since its ill-fated $705 million purchase of Homebase in the UK in February 2016.

Nuheara’s NHS optimism silenced

Shares in Nuheara fell by as much as 27 per cent today after the UK’s National Health Service removed the company's IQbuds Boost hearing bud from its hearing aid category.

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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.

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.

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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

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