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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.

Fortescue's iron ore shipments rise 5% for quarter

Fortescue Metals Group has recorded a 5 per cent rise in iron-ore shipments for the December quarter, as it positions itself to increase output of a new higher-grade product.

Perth’s inflation remains low

Perth’s subdued inflation rate has continued, coming in at just 1.3 per cent in 2018, trailing only Darwin for the lowest price increase out of Australia’s eight capital cities.

Perth Stadium snubbed for T20 World Cup finals

The International Cricket Council has overlooked Perth Stadium to host a finals fixture when the women's and men's Twenty20 World Cups are staged next year, on the same day the state government announced the stadium is a key part of its tourism strategy.

Three miners restructure leadership

Three struggling locally-based miners, including MZI Resources and Thundelarra, have announced the departure of their top executives.

Barbaro Homes into liquidation

Osborne Park-based Barbaro Homes has entered liquidation, a week after it ceased operations.

China slowdown WA’s biggest threat – CCI

China’s economic slowdown and the lingering threat of a trade war between the world’s largest country and the US are the biggest threats to Western Australia, according to the Chamber of Commerce and Industry WA.

Primero tapped for $53m lithium project

Primero Group has been selected as the preferred engineering, procurement and construction contractor for Adelaide-based Core Lithium’s $53 million Finniss project near Darwin.

WA unemployment rate dips 0.2%

The unemployment rate in Western Australia edged lower in December, but was higher than the previous corresponding period.

Swift earnings jump 167%

Swift Networks has posted a strong performance update for the second half of last year, with its founders set to receive around $5 million in additional shares.

Fenix shares soar on drilling results, end day up 64%

Shares in Fenix Resources were up by as much as 150 per cent today before falling at the close of trade, after the company announced it had intersected substantial high-grade iron ore via a drilling program at its flasgship Iron Ridge project, located in the Murchison region.

Crater Gold to raise $23m

Crater Gold Mining has announced it will raise up to approximately $23 million via a renounceable entitlement issue to improve its weak balance sheet.

ServTech acquires VR developer

Osborne Park-based ServTech Global Holdings has acquired an Italy-based virtual reality and augmented reality software developer in an all-script deal worth around $5.9 million up-front, as the company seeks to turn around its struggling performance.

CBH surplus falls 48%

CBH Group has announced a $128 million surplus for the year to September 2018, compared to the previous year’s result of $248 million which was boosted by a record grain harvest.

Ausdrill wins deals worth $171m

Ausdrill has won contracts in Western Australia worth a combined $171 million, including for underground mining services at Regis Resources’ Rosemont project.

Tech scene: TOKN

TOKN is an enterprise software toolset that connects to multiple legacy systems.

Geologist found dead in Burkina Faso

West Perth-based gold and uranium explorer Predictive Discovery said employees at its joint venture with Progress Minerals in the West African country of Burkina Faso were safe, after a geologist working for its Canadian partner was kidnapped from the project site and killed.

City of Perth scraps alfresco fees

Alfresco dining areas will now be fee-free for restaurant and cafe owners within the City of Perth.

EPA finds no drumline concerns

A drumline trial set to control and monitor great white shark numbers off Western Australia’s south west coast is set to go ahead, after the Environmental Protection Authority found no concerns.

WA home loans up 2.4%

The total number of home loans rose by 2.4 per cent in Western Australia last November, against a 0.9 per cent fall nationally, according to the Australian Bureau of Statistics.

Leadership changes for South32 amid positive results

Diversified miner South32 has announced corporate affairs and investor relations executive Katie Tovich will replace Brendan Harris as chief financial officer, who will take over the chief marketing officer role from Peter Finnimore.

Woodside revenue exceeds expectations

Woodside Petroleum has announced December quarter revenue of $1.42 billion, a rise of 43 per cent on the previous corresponding period and surpassing investment bank UBS's estimate of $1.35 billion for the period.

Turner & Townsend wins $8.2m Metronet contract

Professional services company Turner & Townsend has been awarded an $8.2 million state government contract to establish and operate a program management office that will oversee Metronet’s program of works.

Father-and-son builders fined $20,000

Jason Burns Homes has been fined $20,000 by the State Administrative Tribunal after the father-and-son building partnership failed to rectify defects at three new homes.

Woodside awards Scarborough contracts

Woodside Petroleum has awarded four contracts, which it is funding without a contribution from venture partner BHP Group, for front-end engineering design activities at its proposed $15 billion Scarborough project.

Wauters wins $16m contract

Albany-based firm Wauters Enterprises has been awarded a $16 million contract for stage two of the city's affordable student accommodation development.

Ausdrill CFO departs for Adelaide Brighton

Ausdrill has announced its chief financial officer Theresa Mlikota will leave company within the next three months to undertake the same role at ASX-listed construction materials and lime producer Adelaide Brighton.

Ed Harry enters voluntary administration

Menswear retailer Ed Harry, which employs 93 staff across 19 stores in Western Australia, has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business.

Metals X posts 11% production increase

Metals X has announced encouraging production results at its Nifty copper mine in the Pilbara.

Rio’s force majeure on iron ore

Rio Tinto has halted exports of iron ore to some of its customers, after a fire last Thursday engulfed parts of its Cape Lambert export facility, located 40 kilometres north of Karratha.

Qube, Mirrat shortlisted for port expansion

The Pilbara Ports Authority has short-listed two specialist logistics companies for the development of new general cargo facilities at Port Hedland.

Sheffield appoints UBS

Sheffield Resources has appointed global investment bank UBS as its corporate adviser to help assess potential investments by a strategic partner in the Thunderbird mineral sands project in the Kimberley.

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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.