Search

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.

Mondium wins $400m Rio contract

Rio Tinto has awarded Perth-based engineering company Mondium with a $400 million contract for works at the Western Turner Syncline phase two mine, located in the Pilbara.

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.

Elsight to raise $2.9m

Tech company Elsight has received commitments to raise $2.9 million from a share placement to Hong Kong-based investors, with the proceeds being used to fast-track sales of its flagship communications platform.

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.

Perth business wins Esperance electricity contract

Contract Power Group plans to build a new power station at Esperance after Horizon Power awarded the Perth company a 20-year power purchase agreement for the supply of electricity to the town.

Rio makes $11m Citadel move

Rio Tinto has formed a joint venture with Antipa Minerals after investing $11 million in exploration expenditure for the Citadel copper-gold project, located in the prospective Paterson Province.

Gulf secures $84m funding for smelters

Gulf Manganese Corporation has secured further funding for the construction of two smelting hubs in Indonesia, with €52 million ($A84 million) expected to be received later this month.

Independence Group production beats guidance

Independence Group’s Nova and Tropicana mines in Western Australia have achieved strong preliminary results, with first-half metal production exceeding guidance by around 9 per cent and 10 per cent respectively.

MRC lifts stake in graphite project

Mineral Commodities will move to 90 per cent ownership of the Munglinup graphite project in Western Australia after striking a deal worth $9.8 million with joint venture partner Gold Terrace. It comes after completion of a definitive feasibility study that put a $US61 million cost on the project.

Perth tech companies win big clients

Two Western Australian technology companies have announced agreements with major resources sector players Monadelphous Group and Rio Tinto.

State govt awards $39m in contracts

Construction companies EMCO Building, Georgiou Group and Universal Constructions are among five businesses to have been awarded significant contracts from the state government over the past month.

Flinders mine costed at $3.65bn

Flinders Mines says it has identified a viable mine plan for its Pilbara iron ore project (PIOP), ahead of a crucial shareholder meeting to approve a joint venture with infrastructure company BBI Group.

ASIC bans Perth adviser

The Australian Securities and Investments Commission has banned Wayne Blazejczyk from providing financial services for five years, saying the Perth adviser had failed to meet best interest obligations

NRW wins $138m FMG contract

NRW Holdings has been awarded works at Fortescue Metals Group’s Eliwana iron ore mine and rail project in the Pilbara under an infrastructure contract valued around $138 million, announced last month.

Interflow, Ventia win WA contracts

Sydney-based contractor Interflow has secured a $6 million contract from Water Corporation to refurbish 14 kilometres of wastewater pipes in Western Australia.

27 banks join first home loan deposit scheme

P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government’s first home loan deposit scheme, aimed at low and middle income earners.

Decmil hit by contract dispute

Shares in Decmil closed down 9 per cent today after the Perth-based contractor said it was facing a delay in payment of about $14 million owing from its work on the Sunraysia solar project in New South Wales.

Azumah urges shareholders to accept Ibaera offer

Azumah Resources has told its shareholders it will need to conduct a capital raising early next year to fund its share of the Wa gold project, if suitor Ibaera Capital is not able to achieve full ownership.

M8 Sustainable lists on ASX

Recycling and waste management company M8 Sustainable had a soft start to its first day of trading on the ASX today, with its shares dipping to 17 cents after last month's $19.5 million initial public offering at 20 cents per share.

Perth company wins FPA award

West Perth-based Capital Partners Private Wealth Advisors has been announced professional practice of the year by the Financial Planning Association of Australia.

Paladin undergoes board restructure

Uranium miner Paladin Energy has appointed experienced mining directors Peter Watson and Peter Main to the board, while three non-executive directors have stepped down from their roles.

SRG wins $90m Alcoa contract

Engineering and construction company SRG Global has secured a five-year, $90 million asset services contract with Alcoa of Australia for work at its alumina refinery in Kwinana.

Perth company fined $40,000

A former building director and his Mount Hawthorn business, Turquoise Developments, has been fined a total $40,000 in the State Administrative Tribunal for threatening behaviour.

Alstom finalises $1.2bn railcar contract

Global manufacturer Alstom has signed a 10-year contract to assemble new railcars at Midland as part of the Metronet project, with the government saying the railcars will be delivered 22 per cent below its budget at $1.25 billion.

EPA revises greenhouse gas policy

The Environmental Protection Authority has released a new draft greenhouse gas emissions guideline, which substantially softens the initial draft guideline announced earlier this year.

Lynas signs option for Kalgoorlie site

Rare earth producer Lynas Corporation intends to sublease an industrial zoned property from the City of Kalgoorlie-Boulder, three months after signing an agreement with the mining town to review potential sites for its cracking and leaching plant.

WA farm businesses remain strong

The investment intentions of Western Australian farmers remain the highest in the country despite sentiment dropping to multi-year lows, according to Rabobank Australia’s latest rural confidence surve

Bethanie buys Subi, Como centres

Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration,

Salt Lake to raise $45.5m

Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.

IMDEX buys Flexidrill for $40m

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

Primero wins $115m Rio contract

Primero Group has secured three new construction contracts, including a $115 million arrangement with Rio Tinto, while also announcing a capital raising of $7.6 million.

Pages

Most-read

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.

most commented

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.