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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.

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.

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.

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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.

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.