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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.

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.

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.

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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.