Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.
More than 94 per cent of Atlas Iron shareholders have voted in favour of the company's proposed $180 million capital raising, which is designed to ensure its longer-term viability.
Programmed Maintenance Services’ six-month pursuit of its larger competitor, Skilled Group, has paid off, with the Melbourne-based company backing a $424 million takeover offer.
Online property rental company rent.com.au has commenced its first day of trading on the ASX, after being acquired by Select Exploration in a backdoor listing.
Phoenix Gold has taken a planned vote on an alliance with Evolution Mining off the agenda of its general meeting, being held today, after Zijin Mining Group made a play to take ownership of the company in a cash deal worth $47 million.
The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.
Perth-based Programmed Maintenance Services is set to strike a long-awaited takeover deal with labour hire company Skilled Group, with both companies entering into trading halts this morning ahead of a formal announcement.
Rutila Resources and Lemur Resources have both received ticks of approval by independent experts for their respective off-market takeover offers by foreign bidders.
Local miner Western Areas has expanded its operations portfolio with the acquisition of Glencore Xstrata’s mothballed Cosmos nickel project in the Agnew Wiluna belt, for $24.5 million.
The Michael Ruane-led minerals explorer Reward Minerals has received firm commitments for a $5.2 million capital raising to fund ongoing work at its LD potash project in the Little Sandy Desert.
West Perth-based oil and gas explorer Orca Energy has been forced to abandon a $20 million capital raising after concerns were raised by the Australian Securities Exchange.
West Perth-based explorer Monto Minerals has joined the wave of backdoor listings, with the company announcing plans to acquire a US tech company for $13 million.
MGC Global, which is currently the takeover target of Perth-based Erin Resources, has signed a $60 million agreement to sell its cosmetic cannabis product to a European cosmetic production company.
Perth online screening and verification company CVCheck will soon lodge a prospectus on the ASX, detailing plans to raise up to $10 million in an initial public offering.
Fortunis Resources has received positive news about its planned backdoor listing, while Basper and Aziana have had to make amendments to their proposals.
Local minerals explorer Helix Resources has offered a 50.1 per cent stake in its Joshua project in Chile to EPG Exploration Fund, in exchange for drilling services and about $3.9 million.
With the takeovers of iiNet and Amcom Telecommunications heading into the final stretch, the investment bankers and other advisers that worked on these deals will be looking forward to a very handy pay day of more than $40 million.
Local minerals explorer Kasbah Resources has received commitments for a $3 million capital raising, while also announcing a range of cost reductions including cutting executive pay, reducing staff and restructuring its board.
Saudi Arabia and Oman-focused copper-gold explorer Alara Resources has flagged the possibility of a scrip merger with an unnamed party, while also announcing the appointment of a new managing director.
Two telco companies that provide roaming services have begun their first day of trading on the ASX today, with Norwood Systems making solid gains while Flexiroam closed flat.
A Subiaco-based piping company led by businessman Andrew Haythorpe has announced plans to buy a New Zealand tech company, in a backdoor listing worth about $5.5 million.
Billionaire Warren Buffett's Berkshire Hathaway is buying a $500 million stake in Insurance Australia Group after the two companies entered into a 10-year partnership.
iiNet chairman Michael Smith has welcomed an independent expert's review of TPG Telecom's proposed $1.6 billion takeover of the Subiaco-based internet services provider.
Chile-focused copper explorer Hot Chili has received firm commitments for an $8.1 million capital raising to fund ongoing work on its Productora project.
Foxtel will take a 15 per cent stake in Network Ten after the two broadcasters signed a long awaited deal to bolster the third-placed free to air TV network.
Amcom Telecommunications shareholders have overwhelmingly voted in favour of a $1.2 billion tie-up with rival Vocus, defying TPG Telecom's attempts to block the deal.
Oil and gas company Citation Resources is seeking to diversify its business by acquiring an initial 40 per cent interest in an unlisted firm that converts rubber waste into clean fuels, for a cash and share package worth about $7 million.
Perth-based scooter manufacturer and retailer Vmoto has received firm commitments for an $8.9 million capital raising to fund its various investment initiatives.
Australia's corporate watchdog has launched an inquiry into TPG Telecom's planned $1.6 billion takeover of iiNet, after saying the deal may lead to a substantial lessening of competition.
