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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. 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.

MCS, Wilson win $4m in security contracts

Joondalup-based MCS Services has been awarded a $2.5 million state government contract to provide security patrol services at Hillarys Boat Harbour.

Study confirms West Musgrave potential

Oz Minerals and Cassini Resources believe their West Musgrave nickel-copper project in Western Australia can be a long-term, low-cost operation, following completion of a pre-feasibility study that found the mine's development cost would be about $995 million.

ACCC raises concerns over AFG deal

Australia’s consumer watchdog has raised concerns over the proposed acquisition of mortgage aggregator Connective by Perth-based Australian Finance Group, as the merged group will have nearly 40 per cent market share.

Civmec targets revenue lift after positive first-half results

Henderson-based Civmec has reported a 38.7 per cent rise in net profit to $8.1 million for the six months to December, sending its shares nearly 9 per cent higher at the market open.

DXN buys data centre for $2.7m

Balcatta-based DXN has signed a purchase agreement with telco services provider TasmaNet to acquire its data centre in Hobart, while announcing plans to raise $6 million to fund the acquisition.

Perth cannabis companies raise $16m from IPOs

Emerald Clinics and Little Green Pharma have both completed their initial public offerings ahead of stock market listings this month, with Emerald getting ready for its ASX debut tomorrow.

Solid growth in WA housing finance

New housing finance data is painting a positive picture for Western Australia’s residential property sector, with both the value and the number of loans increasing in the last three months of 2019.

Scott Tech wins multi-million Rio contract

Rio Tinto has contracted New Zealand business Scott Technology to build an automated mine site laboratory for its Koodaideri iron ore project in the Pilbara.

UGL wins $450m in contracts

CIMIC Group’s specialist business UGL has secured $450 million in oil and gas contracts, including with Chevron for work at its Gorgon and Wheatstone LNG facilities in Western Australia.

LicenSys wins $38m govt contract

Specialist manufacturer LicenSys has received a $38 million contract renewal with Western Australia’s Department of Transport for the supply of vehicle number plates.

Mincor contracts Hamptons for nickel project

Kalgoorlie-based Hampton Mining and Civil Services has secured an early works contract for Mincor Resources’ Cassini nickel project in Western Australia’s Kambalda district.

Spectrum shares surge on Ramelius offer

Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.

GR Engineering wins $74m contract

Ascot-based GR Engineering Services has been contracted to build a sulphide flotation and processing plant for Galena Mining’s base metals project in Western Australia.

Chevron to trial Volt solar tower

Henderson-based Volt Power Group has signed an agreement with Chevron to trial a mobile solar light tower at the oil and gas company's Barrow Island LNG facility.

Construction companies win $11m in govt contracts

Perth-based McCorkell Constructions has secured a $6.6 million contract with the state government to build a new fire and emergency services station in Kensington.

Tesoro Resources gets ready for ASX debut

Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.

Junior explorers raise $6.8m

Perth-based explorers Technology Metals and Artemis Resources have each raised $2.1 million through share placements, while South Australian company Twenty Seven Co is seeking to raise $1.6 million to explore its tenements in Western Australia’s Goldfields region.

Southern Cross wins $18m Rio contract

Rio Tinto has contracted Perth-based Southern Cross Electrical Engineering to complete rehabilitation works on its Gove Peninsula operations in the Northern Territory.

Local retailer enters administration

Outdoor sports retailer Mainpeak has gone into administration after the local brand suffered continued financial losses.

Rio, Telstra announce faster payments for SMEs

Rio Tinto and Telstra have announced shorter payment terms for small and medium Australian businesses, whereby SMEs will be paid within 20 days of a valid invoice receipt.

NRW wins $70m Fortescue contract

Civil and mining contractor NRW Holdings has secured a $70 million contract for works on the Iron Bridge magnetite project near Port Hedland.

Fashion retailer placed into administration

Fashion accessory retailer Colette by Colette Hayman, which has 15 stores in Western Australia and 126 across the country, has been placed into voluntary administration.

Paladin appoints new CEO

Ian Purdy will replace Scott Sullivan as the new chief executive of Paladin Energy, following the uranium miner's major board upheaval two months ago.

Kerman wins $55m contract

Kerman Contracting has secured a $55 million sub-contract from engineering firm Mondium to complete design and construction works at Rio Tinto’s iron ore mine near Tom Price.

ASX delists 28 companies

Twenty-eight companies have been delisted from the Australian Securities Exchange, as new national listing rules took effect today.

Babylon wins BHP contract

Forrestfield-based Babylon Pump & Power has secured a three-year power generation and dewatering contract with BHP Nickel West.

National house prices up in December

Perth housing values remained flat during January in contrast to most other capital cities, which experienced strong growth in December to finish out 2019 on a positive note, according a report from CoreLogic.

Perth Mint discloses second major data breach

Contact information for nearly 1,500 visitors to The Perth Mint has been stolen through a data breach of West Perth-based market research company Metrix Consulting.

Nauti-Craft signs marine tech agreement

Dunsborough-based Nauti-Craft has taken a notable step toward commercialising its marine suspension technology in global markets after signing an agreement with Yanmar Shipbuilding & Engineering Co.

ADCO, Pindan secure $24m in new contracts

Building firms ADCO Constructions and Pindan have secured a pair of contracts collectively worth around $24 million, with ADCO to expand Osborne Park Hospital and Pindan to build a new community centre in Kalamunda.

Panoramic downgrades output forecasts

Shares in Panoramic Resources have plunged by more than 33 per cent, falling to their lowest price since 2016, after the company downgraded production guidance for the underground Savannah mine in the Kimberley.

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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.

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.

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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.