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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.

WA population growing at half national rate

Western Australia has recorded the largest percentage increase in net overseas migration in Australia, but its population growth was the third lowest in the country.

Tech Scene: Constructive Software

Constructive Software is a digital user interface between builder and client that makes the process of selecting fixtures and finishings like an online shopping experience.

RCR’s secured creditors may only get 30%

RCR Tomlinson’s secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.

BHP starts $1.2m Brookfield logo upgrade

The replacement of the logo at the top of Perth’s second tallest skyscraper has commenced, after BHP Group changed its name from BHP Billiton in November.

Kalium obtains $102m in funding for Beyondie

Kalium Lakes has secured around $102 million of debt funding for the development of its Beyondie sulphate of potash (SOP) project, less than a month after receiving commitments for $74 million from the Northern Australia Infrastructure Facility for the project.

Juniors in $23.7m of capital raisings

Northern Minerals and Venturex Resources have announced share placements of $20 million and $3.65 million, respectively.

Govt moving towards Bell Group settlement

The state government has confirmed it is in talks to reach a settlement that would end the long-standing dispute over the $1.7 billion of litigation proceeds from Alan Bond’s failed Bell Group.

Altura increases share purchase plan again to $14m

Altura Mining has increased its share purchase plan (SPP) by $4 million, just two days after it upsized the offer from $5 million to $10 million.

Lot sales and prices on the rise in Perth

Perth recorded 1,609 lot sales for the September 2018 quarter, up by 8.5 per cent for the quarter and 2 per cent from a year prior, according to the latest Housing Industry Association–CoreLogic 'Residential Land Report'.

AMP acquires 50% of Optus Stadium owner

AMP Capital has acquired a 50 per cent ownership stake in the private company that developed Optus Stadium, adding to several other infrastructure assets it has purchased in Western Australia including Kalgoorlie prison and Port Hedland airport.

KPMG buys Ferrier Hodgson

Perth-based Matthew Woods will be the joint leader of KPMG's greatly expanded insolvency practice after the 'Big 4' accounting firm finalised a deal to acquire Ferrier Hodgson. The merged entity will have 27 partners nationally and be the largest practice in WA.

WA Super in merger talks with interstate funds

WA Super has confirmed a memorandum of understanding has been signed with two other superannuation funds to create an entity that would manage around $23 billion in assets for about 347,000 members.

Govt terminates $13.1m of Carnegie funding

The state government has ceased its funding agreement with Carnegie Clean Energy for its Albany wave project, a week after the company reported a net loss of $45 million for the half year.

Gindalbie proposes demerger, set to be acquired for $25m

The board of Gindalbie Metals has recommended shareholders accept a takeover offer from its Karara project partner Ansteel, and has proposed to demerge its wholly-owned subsidiary Coda Minerals.

Miners to raise up to $26.4m

Panoramic Resources has announced its intention to raise $22.4 million via two share placements and an entitlement offer, while juniors Black Rock Mining and Kibaran Resources are also involved in capital raisings.

AHG falls from ASX 200, six WA companies join ASX 300

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

Local juniors to raise up to $10.6m

Argosy Minerals and Alta Zinc are both undertaking rights issues, to raise up to $6.2 million and $4.38 million, respectively.

EPA recommends carbon emissions crackdown

The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.

WACA reveals $75m upgrade bid

The Western Australian Cricket Association has announced a proposal to redevelop the WACA Ground into a multi-purpose venue and is seeking $60 million from the government to fund it.

Macquarie demands Panoramic raise $19m

Panoramic Resources will undertake a $19 million capital raising in return for favourable loan repayments to project financier Macquarie Bank, after production issues plagued its Savannah nickel-copper-cobalt project.

Tech Scene: Absolute VR

Absolute VR has created a ‘virtual display village’, allowing buyers to book an appointment to view homes from builders in Perth.

Exec exodus at Capricorn Metals

Capricorn Metals’ managing director and chief financial officer have resigned after two shareholders of the gold junior successfully ousted three of its directors.

Decmil JV set to win $375m contract

Decmil and joint venture partner McConnell Dowell have been announced as the preferred tenderer for the Mordialloc Freeway project in Victoria.

EPA backs $118m High St upgrade

The Environmental Protection Authority has recommended approval to a proposal to upgrade a section of High Street in Fremantle.

Juniors raise $5.3m

West Perth-based Northern Minerals and ASX-listed Golden Rim Resources have announced share placements of $3 million and $2.25 million, respectively.

WA ranks second in world for mining investment

Western Australia is the second most attractive jurisdiction for mining investment, moving up from fifth place in the year prior, according to the Fraser Institute Annual Survey of Mining Companies for 2018.

Westgold scraps purchase of Doray projects

Westgold Resources will not go ahead with its planned purchase of Doray Minerals’ Andy Well and Gnaweeda gold projects.

Middle Island launches Alto takeover bid

Middle Island Resources has made a $9.4 million all-scrip takeover offer for fellow Western Australia-based gold junior Alto Metals.

Residential construction outlook gets gloomier

The Housing Industry Association has significantly downgraded its forecast for new house builds in Western Australia for 2019, tipping a decrease of 0.9 per cent, compared to its previous estimate in May of an 11.8 per cent rise.

Gold juniors to raise up to $13.1m

Bardoc Gold will raise up to $11.3 million via a share placement and rights issue, while Ausgold will raise $1.8 million through a share placement, with both companies to put the funds towards their respective flagship projects.

Paladin approves Langer Heinrich study

Paladin Energy is preparing for a recovery in the uranium market, approving a prefeasibility study to evaluate restarting its Langer Heinrich mine in Namibia.

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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

Flinders takes HotCopper to court for shareholder info

Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.

Morning Headlines

ATO warns on ‘systemic abuse’

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

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.

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.