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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.

Fortescue boosts shipments, unveils power project

Fortescue Metals Group is anticipating iron ore exports to be at the upper end of guidance after posting record shipments for the first half of 2020, while also announcing plans to spend $US450 million ($A668 million) on a solar-gas power facility.

Northern Star bullish on production

Northern Star Resources said it was on track to meet production guidance of around 1 million ounces of gold this year, helped by its recent acquisition of a 50 per cent stake in the Kalgoorlie Super Pit and strong performance across its Australian operations, but also disclosed today an increase in its operating costs.

Rio commits $14m to Citadel JV

Rio Tinto has confirmed it will proceed with the next phase of its exploration joint venture at the Citadel copper-gold project, located in the Pilbara's Paterson province, but has extended the time it has to spend $14 million from three years to five years.

Emeco acquires Pit N Portal for $72m

Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.

Burrup rock art nominated for World Heritage listing

Western Australia’s unique indigenous rock art in the Pilbara is set for a UNESCO World Heritage listing, with the state and federal governments formally submitting an application for the recognition and protection today.

Tanzania-Barrick deal lifts export ban

Barrick Gold has resolved a three-year tax dispute with the Tanzanian government, which has lifted a ban on minerals exports, potentially providing a pathway to production for a contingent of Western Australia-headquartered miners and exploration firms.

National honours for 76 Western Australians

The late Eric Lumsden, Jahna Cedar and Christine Simpson Stokes are among 76 prominent Western Australians to be awarded Australia Day honours this year.

Mine worker dies after accident at Roy Hill

An NRW Holdings mine site worker has died after sustaining serious injuries at Gina Rinehart’s Roy Hill iron ore mine in the Pilbara.

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).

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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.