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. 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.

Terry Grammer passes away

Renowned geologist and company director Terry Grammer has passed away after a short-term illness, with former colleagues and industry figures highlighting his role in some of Western Australia's biggest mineral discoveries.

Premier firm on regional travel

Premier Mark McGowan is maintaining a cautious approach to opening up Western Australia’s regional borders, saying the state government has no firm date on when this will occur.

OreCorp to raise $13.5m

Gold explorer Orecorp has launched a $13.56 million share placement, with majority of the proceeds to fund development of the company’s recently acquired Nyanzaga gold project in Tanzania.

New Decmil CEO, $29m Homeground write-down

Engineering and construction company Decmil has replaced Scott Criddle as chief executive, amid a $29 million write-down of its Homeground Gladstone accommodation village in Queensland and the launch of a $40 million capital raising.

Three active COVID cases in WA as businesses reopen

Western Australia has officially moved into the second phase of lifting some of its coronavirus restrictions, while recording no new infections and two recoveries overnight.

WA homebuilding outlook worsens

The Housing Industry Forecast Group (HIFG) has downgraded its estimate on the number of dwellings to be built in Western Australia for the current financial year, with the updated figure almost 20 per cent lower than FY19.

EMCO secures Esperance TAFE build

Local company EMCO Building has been awarded the build contract at South Regional TAFE’s new $18.34 million Esperance campus, under a deal with the state government.

AFL announces return date

Australian Football League boss Gillon McLachlan has confirmed the resumption of the 2020 season, with an initial four rounds of football to begin on June 11.

Chalice Gold chairman sells 10m shares

Chalice Gold Mines chairman Tim Goyder has sold 20 per cent of his shareholding in the company to accommodate strong demand for shares in this week’s $30 million capital raising.

Middle Island raises $4m

Gold explorer Middle Island Resources has received commitments to raise $4 million under a share placement, with the proceeds to fund continued drilling at the company’s Sandstone project in Western Australia.

Investors keep faith in gold

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Gold companies make progress on WA mines

Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.

Valmec boosts order book by $29m

Shares in Valmec have risen by more than 13 per cent today after the Kewdale-based contractor announced new work with Water Corporation and Newmont Mining Services, totalling $23 million.

Juniors to raise $6.7m

Gold explorers Great Southern Mining and Fraser Range Metals have launched new capital raisings today, with the proceeds to fund exploration programs in Western Australia and NSW.

PS Structures wins $32m govt contract

Balcatta-based PS Structures has secured the works to build a multi-storey car park at Mandurah railway station, as part of a $32 million project jointly funded by the state and federal government.

Aurenne signals fourth WA acquisition

UPDATED: Private equity player Aurenne Group has made a $32 million all-cash takeover offer for ASX-listed Alt Resources, which is developing the Bottle Creek gold mine in Western Australia.

Southern Cross wins $25m of work

Southern Cross Electrical Engineering’s east coast business has secured $25 million in new contracts to complete construction, electrical and communication works in NSW and the ACT.

AVZ in $16m raising

AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.

Perth Airport passenger numbers down 1 million-plus

Passenger numbers at Perth Airport have fallen more than 1 million since April last year, with the airport also raising concern about its financial position after being left with outstanding payments from its two largest airlines.

Morley-Ellenbrook line rated a marginal project

The state government’s $2 billion Morley-Ellenbrook rail project has been given the go-ahead from Infrastructure Australia, though the national body questioned some of the benefits and found they would just outweigh the costs.

Australian Potash seeks $5m

Perth-based Australian Potash has sought further funding for its Lake Wells project in Western Australia after announcing a $5.15 million capital raising.

Newcrest raises $1bn

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.

IGO posts record copper output

IGO is expecting a strong finish for the 2020 financial year after posting an increase in quarterly production for all metals at its Nova mine, including a record copper output.

State govt brings forward $2.4bn in road projects

The state government is fast-tracking tenders for $2.37 billion in transport infrastructure projects, while also ensuring small- and medium-sized contractors have an opportunity to be involved in smaller packages of works.

Decmil shares surge on new contracts

Decmil has confirmed its involvement in the state government’s Bayswater Station upgrade as a sub-contractor while also locking in works with Queensland's Department of Transport, sending its shares up by more than 60 per cent.

Saracen rolls on but COVID-19 hits Northern Star

Saracen Mineral Holdings has posted record gold production for the March quarter, while fellow miner Northern Star Resources said today it expected a strong improvement after operations were hit by COVID-19 restrictions.

De Grey to raise $31m

Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.

Antipa gets spending boost from Rio

Rio Tinto will spend $9.2 million exploring Antipa Minerals’ Citadel project in Western Australia this year, following a review of the joint venture agreement that considered the impacts of COVID-19.

Premier not budging on restrictions

The WA premier has refused to be drawn on when the government will lift COVID-19 restrictions despite more evidence of their economic damage and another day of zero new infections.

Flight support boosts agrifood exports

Agricultural exporters from Western Australia, including beef and pork producers, have received further assistance, with the state government joining the federal government in subsidising international flights to carry their goods.

Gold Road stable during COVID-19

Gold Road Resources remains on track to meet its full-year operating and cost guidance after reporting steady gold production for the March quarter and a healthy financial position.



Nev Power to lead COVID-19 commission

Former Fortescue Metals Group chief executive and current Perth Airport chairman Nev Power has been recruited by the prime minister to lead a National COVID-19 Coordination Commission.

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.

Miners hit by COVID-19 regulations

Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.

Premier not budging on restrictions

The WA premier has refused to be drawn on when the government will lift COVID-19 restrictions despite more evidence of their economic damage and another day of zero new infections.

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Austal signs $126m contract

Henderson-based shipbuilder Austal has finalised a $126 million contract to build two vessels for the government of Trinidad & Tobago by the second half of 2020.

Ora Banda raises $18.5m

Ora Banda Mining, formerly known as Eastern Goldfields, has continued its revival after gaining commitments to raise $18.5 million through a share placement.

OreCorp raises $13.3m

Gold explorer Orecorp is raising $13.3 million from an institutional share placement to fund its move to full ownership of the Nyanzaga gold project in Tanzania.

Beacon raises $8m

Beacon Minerals has taken advantage of a strong run-up in its share price to raise $8 million through a share placement at 4.2 cents a share.