Skilled Group says it will buy-out its partner in the Offshore Marine Services Alliance joint venture for $6.9 million, and plans to merge it with its Broadsword Marine operations to create a single marine services business.
IMX Resources will seek to raise $3 million as part of an entitlement offer for the exploration and evaluation at tenements on its Nachingwea property in Tanzania.
Scope Systems has bought out NEC Australia’s business-wide information management software in an agreement that significantly broadens the Perth technology operation’s client base.
Latin Resources has entered into a $3.12 million funding agreement with US-based Lind Partners Australia to fund the development of its copper projects and its Guadalupito Andaulsite heavy mineral sands project in Peru.
A Perth technology company that boasts a track record of sales growth and annual profits is planning to list on the ASX after launching a $2 million initial public offering.
The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.
BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.
Mongolian-focused coal miner Tian Poh Resources will make its debut on the ASX tomorrow, after raising about $2.4 million through its initial public offering.
Subiaco-based telecommunications company ZipTel has completed a $5 million placement, ahead of the launch of its ZipT international calling app next month.
Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.
Perth land developer Peet says it will seek to raise $47 million to help fund $95 million worth of acquisition interests in six residential development projects across Australia.
Westfield's shopping centres owner Scentre Group has sold Singapore's sovereign wealth fund GIC a 49 per cent stake in five New Zealand centres worth a total $NZ2.1 billion ($A1.96 billion).
Interest in a takeover of Perth-based Amcom Telecommunications is heating up with telecommunications heavyweight TPG Telecom emerging as a potential suitor.
Engineering and construction contractor Decmil Group is expanding its service offering with the acquisition of SAS Telecom for about $1 million, providing it with access to the telecommunication installation market.
Neon Energy may be leaving its Perth headquarters after entering into a merger implementation agreement with MEO Australia, which would create a combined entity based in Melbourne.
Perth-based Liontown Resources says it will accept just $465,500 to satisfy an outstanding settlement around the sale of its Liontown base metal deposit in Queensland to collapsed miner Kagara, which was later offloaded to Red River Resources.
Perth-based oil and gas company Range Resources entered into a memorandum of understanding with investor Core Capital Management for the provision of about $US50 million in cash and shares.
Perth-based uranium explorer and developer Toro Energy has secured a $10 million cash injection from global investor The Sentient Group, with a further $10 million to directly fund Toro’s Wiluna project still to come.
Embattled collier Continental Coal has struck a $70 million deal to offload its interest in its South African subsidiary, leaving the company debt free and with excess cash reserves.
Global private equity group Denham Capital has teamed up with former Karara Mining chief executive Steve Murdoch to establish a venture that will invest in a handful of new and established mining projects.
Shares in Blackham Resources have plummeted after it announced it had received commitments for $3.15 million at 11.5 cents per share to fund exploration and development studies at its Matilda gold project.
Shares in Kimberley Diamonds closed 25 per cent higher today after the company announced it had entered into a subscription agreement to raise $4.37 million from a Chinese institutional investor.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara’s Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
White Star Resources has gained backing from Perth businessmen Rod Jones and Brent Stewart, who plan to invest in a $4 million capital raising to support the acquisition of Spookfish and Geospatial Investments.
Liberty Resources has announced its intention to exit the mining industry by entering into an option agreement to acquire local IT firm Cirrus Networks for an undisclosed amount.
Gold miner Doray Minerals is hoping for a market re-rating after announcing a scrip takeover of Mutiny Gold today, but its goal of becoming a two-mine mid-tier producer failed to impress the market.
Jolimont-based gold explorer RMG says it will buy its joint venture partner Chile Metals Consulting’s 25 per cent interest in the Tuina copper project in South America for a share package worth $2.4 million.
