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Jessica Mascione

Jessica Mascione joined Business News in August 2019 and commenced as the online reporter in October. She covers a variety of topics for online, including junior mining, as well as contracts and corporate finance for print. In 2019, Jessica completed a Bachelor of Media at the University of Adelaide in South Australia, with a major in Journalism. She completed a Bachelor of Commerce (Marketing and Advertising) at Curtin University in 2014.

Nuheara gains $2.5m funding

Wearable tech company Nuheara has secured $2.5 million from a New York-based institutional fund manager to support the commercialisation of its recently-released hearing device.

CCI calls for reform as Wyatt touts growth

Treasurer Ben Wyatt says the latest data from Chamber of Commerce and Industry of WA showed positive signs for the Western Australian economy, despite CCIWA arguing for reforms to boost business and housing investment.

88 Energy to raise $5m

88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company’s assets in Alaska, including the Charlie-1 appraisal well.

Junior explorers seeking $25m IPOs

Perth-based Castile Resources and Kaiser Reef are set to raise up to $25 million ahead of stock market listings next month, despite tough market conditions affecting a number of ASX aspirants.

Emerald targets $75m raising

Gold explorer Emerald Resources is seeking to raise $75 million through a share placement to develop its Okvau project in Cambodia, while also finalising a $US60 million ($A88 million) loan with Sprott Private Wealth.

COSOL prepares for ASX debut

Information technology business COSOL Limited will begin trading on the ASX tomorrow after raising $12 million from its initial public offering.

CIMIC, Downer shares plunge

Shares in national contracting groups CIMIC and Downer have plummeted more than 20 per cent after the companies reported significant write-downs and higher costs respectively.

Carbine to acquire Cockatoo Iron

Subiaco-based Carbine Resources has signed an agreement to purchase Cockatoo Iron in a scrip deal worth $12 million.

Georgiou begins Fremantle High St upgrade

Perth company Georgiou Group has started upgrade works on High Street in Fremantle, as part of a $118 million state and federal government project designed to improve safety and reduce congestion.

Hollett to leave Water Corp

Water Corporation chairman Mike Hollett has tendered his resignation, citing business and family interests, just two months after being reappointed to the role. Deputy chair David Lock will act in the role until a permanent chair is appointed.

MACA wins $40m in contracts

Civil and mining contractor MACA has secured another contract with First Quantum Minerals, worth $20 million, and further contracts with VicRoads totalling $19.5 million, while also announcing the closure of its Brazil operations.

Resolute to raise $196m, repay debt

Resolute Mining has agreed to repay all amounts outstanding under a $US130 million loan agreement with Taurus Funds Management, which it said would be funded by an equity raising.

Nickel miners report progress

First Quantum Minerals has reached a new milestone as it moves closer to re-opening its Ravensthorpe nickel project, while fellow nickel miner Western Areas has signed new offtake contracts with BHP and Jinchuan.

Track’em wins Downer contract

Technology company Track’em has secured a 12-month contract with Downer, which will use its cloud-based software for operations on an LNG asset in Western Australia.

Freeway to close for bridge works

The state government has awarded Bocol Constructions and MACA a contract to raise the height of the Hay Street traffic bridge, a project that will require the closure of Mitchell Freeway for two weekends.

Badge Constructions wins $2.9m contract

Osborne Park-based Badge Constructions has secured a $2.9 million contract with the state government to build a new STEM building at Mount Lawley Senior High School.

Atlas gains approval for Corunna Downs

Atlas Iron is planning to start development of its Corunna Downs iron ore project in the Pilbara by mid-year, at a cost of around $50 million, after the Environmental Protection Authority recommended approval.

John Holland wins $59m PTA contract

John Holland has won its first substantial contract in Western Australia in several years, with the Public Transport Authority of WA awarding the Chinese-owned company a contract for track maintenance services on Perth's urban rail network.

Bruce Rock Engineering buys Geraldton business

Bruce Rock Engineering has increased the number of its facilities in Western Australia with the acquisition of Geraldton-based D-Trans Motor Body Builders.

New house sales grow in WA as recovery approaches

Western Australia recorded the largest new home sales growth over the quarter of any Australian state, as the broader housing market begins to show signs of a recovery.

WA to gain 145 container refund points

Western Australia’s first refund point operators for the federal government’s container deposit scheme have been chosen, with 145 refund locations made available in the state.

GR Engineering buys US business

GR Engineering Services has entered an agreement to acquire Arizona-based Hanlon Engineering & Associates, which has 40 staff.

Curtin research secures $1.4m ARC funding

Curtin University will get new equipment to support space and health research after receiving $1.4 million in government funding through the Australian Research Council (ARC).

Jeanswest goes into administration

National retailer Jeanswest, established in Perth in 1972, has entered into voluntary administration today, putting at risk nearly 1,000 jobs across the country.

Kalamazoo shares soar on $8m deal

Junior gold miner Kalamazoo Resources has announced an $8 million placement to billionaire investor Eric Sprott and his Canada-listed company, Novo Resources Corporation.

Resolute sells Ravenswood goldmine

Perth-based Resolute Mining has finalised the sale of its Ravenswood gold project in Queensland to a private equity and mining consortium for up to $300 million.

DDH1 sponsors Bulldogs in Perth’s first NRL Nines

Mineral drilling contractor DDH1 has thrown its support behind rugby league club Canterbury Bulldogs, which will be coming to Perth next month with other NRL clubs for the inaugural Nines competition.

Bowen adds to board roles, Maxsted to retire

Former Wesfarmers executive Terry Bowen is planning to reduce his involvement at private equity group BGH Capital after taking an expanded board role at BHP and joining the board of Transurban.

Curious Planet chain to close stores

Curious Planet, formerly known as Australian Geographic, will close all 63 of its stores in Australia over the next eight weeks after the owner's administrators were unable to find a suitable buyer for the struggling retailer.

EcoGraf, GR sign graphite agreement

EcoGraf, formerly Kibaran Resources, has signed a letter of intent with GR Engineering Services for its proposed battery graphite facility in Kwinana, which is budgeted to cost just more than $100 million.

$50m pledged in wildlife funding

The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation’s bushfire season, as more Australian businesses have pledged millions in combined donations.

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Perth house prices to fall further in 2020

House values in Perth are expected to hit a trough next year according to the latest report from CoreLogic-Moody’s Analytics, which has pushed out its predicted recovery to 2021.

Former Kleenmaid boss found guilty of fraud

Andrew Young, the former director and founder of collapsed whitegoods distributor Kleenmaid, has been found guilty today on 19 charges involving fraud and insolvent trading.

$150m housing boost for WA

Western Australia’s property sector has welcomed the state government's announcement of a $150 million housing investment package for first home buyers and low income earners.

New house sales grow in WA as recovery approaches

Western Australia recorded the largest new home sales growth over the quarter of any Australian state, as the broader housing market begins to show signs of a recovery.

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Minderoo pledges $70m bushfire response

Andrew and Nicola Forrest's Minderoo Foundation has committed $70 million to Australia's bushfire response, far exceeding the contributions made by big companies across the country.

CPB, Downer chosen for Metronet projects

A consortium comprising national firms CPB Contractors and Downer has been selected as the preferred contractor for the Yanchep and Thornlie-Cockburn rail projects, with construction expected to commence in May next year, well after the state government's goal of starting this year.

$150m housing boost for WA

Western Australia’s property sector has welcomed the state government's announcement of a $150 million housing investment package for first home buyers and low income earners.

John Holland wins $59m PTA contract

John Holland has won its first substantial contract in Western Australia in several years, with the Public Transport Authority of WA awarding the Chinese-owned company a contract for track maintenance services on Perth's urban rail network.