Kewdale company Goldstar Transport has struck a deal to buy the major assets of MJ & CM West Transport Services, nine months after another Pilbara-focused transport business changed hands.
Mineral sands explorer Sheffield Resources has raised $5 million for its Thunderbird project, and plans to bring in an additional $2 million via a share purchase plan.
Perth-based potash explorer Elemental Minerals has received a proposal from a private equity group for a $US40 million ($A55 million) investment in the business to advance its African assets.
Silver Lake Resources is selling off its non-core assets in the Murchison region, with Metals X acquiring its Comet gold project and Musgrave Minerals agreeing to buy a large portion of its Cue project.
Lithium hopeful Pilbara Minerals has raised $12 million in an oversubscribed placement to fund ongoing work at its flagship Pilgangoora project east of Port Hedland.
Shares in Perth-based Odin Energy have skyrocketed on news it plans to exit the resources industry by acquiring a tech company and re-list through the backdoor.
The directors’ interests table published in Monday morning’s email incorrectly showed that Valmec directors Vincent Goss and Stephen Zurhaar had sold $1.1 million of shares.
Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.
The competition watchdog has cleared oil and gas giant Shell's proposed $70 billion takeover of rival BG Group, saying it will not substantially alter the domestic natural gas market.
Perth tech companies Norwood Systems and rent.com.au have completed capital raisings worth a combined $9.3 million, with Norwood planning to raise a further $1.5 million to fund further marketing of its products.
Henderson-based engineering firm Civmec has moved to gain a foothold in the east coast defence shipbuilding industry by striking an agreement to purchase the projects division of private company Forgacs Engineering.
Perth company Liquefied Natural Gas has finalised an engineering contract for an LNG plant in the United States that will cost about half as much, per tonne of production, as most of the LNG plants under construction in Australia.
The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia’s history, and will also stretch the market lead of investment bank UBS, according to research by Business News.
Perth technology company Velpic has enjoyed a strong debut on the ASX today, with its shares jumping 188 per cent above the pricing of its recent $4 million capital raising.
The contest for Asciano looks set to heat up after a QUBE Holdings-led consortium sought to trump Brookfield Infrastructure with a $9.02 billion takeover proposal for the ports and rail operator.
Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia’s largest.
Local explorer Dacian Gold has kicked off a $25 million capital raising to fund ongoing work at its Mt Morgans project near Laverton, where it hopes to start construction in 2017.
Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.
Evolution Mining appears close to finalising a protracted takeover bid for smaller rival Phoenix Gold, with both companies announcing their boards had reached an agreement after Evolution increased the cash component of its offer.
Canada's Brookfield Infrastructure is determined to take over ports and rail operator Asciano despite Australian logistics firm Qube Holdings having a 19.99 per cent blocking stake in the target.
