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.
Australian Potash has slashed the capex for the development of its Lake Wells project from $338 million to $208 million, after it removed the second stage of the project, amid an increasingly competitive sulphate of potash market.
Strike Energy shares have surged 90 per cent and Warrego Energy’s by 68 per cent after the joint venture partners announced a significant gas discovery as part of the West Erregulla-2 drilling campaign in the Perth Basin.
Pilbara Minerals has halted an attempt to offload up to a 49 per cent stake in its Pilgangoora lithium-tantalum project, but has executed a binding joint venture agreement with South Korean offtake partner POSCO.
Northern Star Resources has announced a $193 million takeover offer to acquire Echo Resources, less than an hour after executive chairman Bill Beament said the company was exploring a range of growth options to take advantage of the high gold price.
Automotive Holdings Group has suffered a loss of $232.6 million for the 2019 financial year, following major asset write-downs to its automotive and refrigerated logistics businesses during the period.