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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.

Kingwest buys gold projects for $8m

Intermin Resources has reached an agreement to sell its Menzies and Goongarrie gold projects for a cash-and-scrip consideration of $8 million.

Yukich pulls Blue Cow from administration

Graeme Yukich’s European Foods has purchased Blue Cow Cheese, which went into administration last month.

Pantoro shares sink on update

Pantoro has announced it missed production targets for the June quarter, just a month after fellow local gold producers Dacian Gold and Gascoyne Resources announced adverse news to investors.

Art Series hotel to open in October

Accor has announced that Perth’s first Art Series hotel, set to open in October, will be named after street artist Matt Adnate.

Busselton misses out on Qantas base

Busselton has missed out on a new pilot training base, after Queensland snagged both Qantas academies.

New WA ASX listing closes up 169%

Invex Therapeutics has become just the third WA-based company to list on the ASX this year, with Minderoo Group its largest shareholder.

AP Eagers puts forth $54m deal amid ACCC concerns

AP Eagers has offered to sell dealerships in Newcastle and the Hunter Valley region, as it aims to assuage the Australian Competition and Consumer Commission’s issues with its proposed acquisition of rival Automotive Holdings Group.

Matrix flags turnaround

Shareholders have welcomed Matrix Composites & Engineering’s market update, as the company said it expects the half-year to June 30 to be its best six months since 2016.

Tech Scene: Ads on Wheels

Ads on Wheels pays everyday drivers to advertise on their back window, giving businesses a unique way to target geographical locations and have their message multiplied and moving through the streets of Perth in the form of a mobile billboard on wheels.

Three contracts for Aboriginal businesses

Three Aboriginal businesses based in Western Australia, including IPS Management Consultants, have been awarded contracts totalling $1.5 million to help other Aboriginal organisations build capability and win additional commercial work.

ERM acquires CSA Global

International consulting group ERM has acquired West Perth-based mining consultancy CSA Global for an undisclosed amount.

Minderoo lays out Cott designs

Andrew Forrest’s Minderoo Group plans to demolish the Indiana Tea House at Cottesloe Beach and replace it with one of four concepts released for public comment today.

Clark joins Capricorn, set to raise $18m

Shareholders have welcomed Capricorn Metals' announcement it is seeking to raise up to $18.3 million via a share placement and top-up issue, and that Mark Clark and Mark Okeby, both formerly of Regis Resources, have joined the board.

ASIC orders Yowie stake to be sold

The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.

Panoramic sells Canadian asset for $10m

Nickel miner Panoramic Resources has entered into a binding agreement to sell its Thunder Bay North platinum group metals project in Canada for $C9 million ($9.8 million).

Georgiou wins $51m infrastructure contract

Georgiou Group has secured a contract for the design and construction of a new interchange at Roe Highway and Kalamunda Road, as it reached a key milestone on a second infrastructure package at Perth Airport (see video).

Civeo buys Action Industrial Catering

US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.

First gold poured at Gruyere

Gruyere 50/50 joint venture partners Gold Fields and Gold Road Resources have poured first gold at the $621 million project located 200 kilometres east of Laverton.

Veris to cut costs

Veris has flagged operational and executive management changes following a review of the business, as the surveying services company seeks to reduce costs by around $3 million per annum.

House prices continue to fall

Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.

Ora Banda relists on ASX

Eastern Goldfields has been officially reborn, after Ora Banda Mining listed on the ASX today with $15 million cash and no debt.

Horne, Walker depart Macmahon

Macmahon Holdings non-executive director Kim Horne and non-executive chairman Jim Walker have both resigned from the board.

Blue Cow into administration

Food distributor Blue Cow Cheese has been placed into administration, with Cor Cordis’s Joseph Nipps and Clifford Rocke appointed as administrators.

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.

EPA green lights Yangibana

The Environmental Protection Authority has recommended conditional environmental approval for Hastings Technology Metals’ $427 million Yangibana rare earths project in the Upper Gascoyne.

Emerald secures up to $US160m in funding

Emerald Resources has secured a total of $US160 million in finance facilities to fund project development and future acquisitions.

Scarborough real estate agent banned for life

A real estate sales representative who stole money from an agency’s trust account has been banned for life from holding a certificate of registration in the industry in WA.

Juniors to raise nearly $5m

Superior Lake Resources has raised $3.78 million via a share placement, while Conico is set to raise $1 million via a rights issue.

Magellan sets out long-term goals

SPECIAL REPORT: Magellan Power has grown from a sole trader business to a widely recognised manufacturer with more than 50 staff since it started out 28 years ago.

Primewest lands Fugro at West Perth

Primewest has struck a deal with international engineering firm Fugro to lease more 3,000 square metres at one of its West Perth buildings.

Sandfire set to acquire MOD for $167m

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved 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.

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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

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.