Deals

VDM Group has finalised terms for an $18 million loan facility with its largest shareholder to fund an investment in a copper project located in the Republic of Angola.

Rio Tinto has agreed to sell its Mount Pleasant thermal coal mine site in the NSW Hunter Valley for $US224 million ($A319 million) plus royalties.

Telecom giant Telstra has struck a deal to buy a tech company that helps companies and governments navigate cloud computing.

Broadspectrum has resoundingly urged shareholders to reject the $692 million takeover offer from Spanish company Ferrovial, saying it significantly undervalues the business.

Former Kimberley Land Council CEO Wayne Bergmann has bought the National Indigenous Times from the liquidator of the company behind the newspaper.

Mining services company Sedgman has asked the Takeovers Panel to stop construction giant CIMIC Group from buying any more of its shares.

Mining services company MACA plans to broaden its gold portfolio through the purchase of local private business Alliance Contracting for $5 million.

Wild Acre Metals has flagged a second attempt at acquiring technology company Nuheara after the target completed a working prototype of its wearable IQbuds hearing product.

Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company announced an aggressive cost reduction strategy that includes job cuts and a reduction in board size and remuneration.

Wesfarmers has announced plans to spend over $1 billion in the UK market after sealing a deal to buy the Homebase home improvement chain for $705 million and rebrand it as Bunnings.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia’s second-largest capital raising of 2015, and the state’s sixth-largest initial public offerings of all time. Wellard’s $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

Australian Reliance has become the third major insurance broker in Western Australia to change hands in the space of five months, with newly listed company PSC Insurance Group agreeing to buy the Perth-based group.

The battle for control of Aditya Birla Minerals has intensified, with bidder Metals X extending its $68 million takeover offer to late February while accusing the target of lacking transparency around expenses.

Metals X has waived a minimum acceptance condition on its $68 million takeover bid for Aditya Birla Minerals after lifting its holding in the copper miner to 18.24 per cent, less than previously di

Mining services contractor Sedgman has told its shareholders to take no action towards CIMIC Group’s $153.1 million offer for all the shares it doesn’t already own in the business.

Citation Resources’ 40 per cent-owned subsidiary Pearl Global has struck a heads of agreement with a Singaporean renewable energy company to fund the development of up to 50 tyre recycling plants across Asia.

Perth-based explorer Carbine Resources has signed an offtake agreement with a chemical and mineral supplier for copper sulphate from its $63 million Mount Morgan project.

Engineering and construction contractor Decmil Group has won another extension to its contract for work at QGC’s Queensland Curtis Liquefied Natural Gas project in Gladstone, worth about $35 million.

The team behind Western Australian success story Aurora Oil & Gas has quietly completed a $24 million private placement, the first capital raising for their new oil and gas play, three months after acquiring their first assets in Portugal.

Elemental Minerals has negotiated an extra $US10 million in a proposal from a private equity group for an investment to assist the business advance its flagship Kola Sylvinite potash project.

Perth-based explorer Lithium Australia has attracted its first institutional investor for a big slice of its $6.55 million capital raising.

Tony Sage’s Cape Lambert Resources has announced plans to undertake its first capital raising since its initial offer, which was completed when the company listed on the ASX 16 years ago.

US-focused biotech company pSivida has released pricing details of a $US16 million capital raising, after two weeks of volatile trading in its ASX-listed shares.

A Perth-based online gaming company that has raised $14.6 million from private investors is pursuing a stockmarket float after reporting spectacular growth in revenue.

Geraldton company Bhagwan Marine is set to expand its presence in northern Australia after striking an agreement to purchase a fleet of vessels for $25 million; a third of the price the previous owner paid just three years ago.

After plans for a backdoor listing fell through in 2014, former New Tel boss Peter Malone has signed up Patersons Securities as lead manager for a $4 million initial public offering for his sunscreen and cosmetics company Skin Elements.

Shipbuilder Austal has won a $US51.7 million ($A71.8 million) contract to provide upgrade services to the company’s biggest customer, the US Navy.

The competition watchdog is seeking market feedback after a fresh undertaking by Canada's Brookfield Infrastructure in its takeover battle for ports and rail operator Asciano, which includes the divestment of its bulk rail operations in Western Australia.

Shares in Structural Monitoring Systems recorded big gains today after the Claremont-based company announced breakthrough agreements with The Boeing Corporation and the Federal Aviation Administration in the United States.

Telco giant Telstra and national contracting companies Service Stream and BSA have been awarded contracts for the building and maintenance of the national broadband network (NBN).

Perth-based explorer IMX Resources has announced a restructuring of its Tanzanian assets, involving plans to spin-off its graphite portfolio into a new ASX-listed entity, while retaining its base and precious metals portfolio.