Deals

A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex’s Ichthys liquefied natural gas project near Darwin.

Fancied explorer Orbis Gold has rejected a $162 million cash bid by fellow West Africa player Semafo.

Minerals explorer Potash West has secured $2.9 million as part of an oversubscribed 5 cent placement to fund development at its Dandaragan Trough projects near Perth and Kullestedt potash project i

Poseidon Nickel has raised $30 million in an oversubscribed placement to fund development of its Mt Windarra and Lake Johnston projects.

Aspen Group will secure majority ownership of Aspen Parks Property Fund, following the Takeover Panel’s rejection of Discovery Holiday Parks’ applications for a declaration of unacceptable circumstances.

Mutiny Gold has signed a memorandum of understanding with GR Engineering Services for the construction of a processing facility at its Deflector copper-gold project in the Mid West.

Mining giant Rio Tinto has completed the sale of its Mozambique coal assets to International Coal Ventures Private Limited.

Exploration firm Energia Minerals says it has received shareholder approval to place $6 million towards its flagship Gorno zinc project in Italy, with pre-development activities planned to begin within six weeks.

Perth-based marine farming company Cell Aquaculture has cancelled a deal with Noble Rate to buy its Roxy Casino in Cambodia after it failed to source skilled workers and keep up with ongoing reporting procedures.

BC Iron is close to completing its acquisition of Iron ore Holdings, which was part-owned by media magnate Kerry Stokes.

Perth-based contractor and surveyor OTOC has obtained approval for an $8.1 million debt facility from the Commonwealth Bank of Australia, on top of an $8.2 million facility it was awarded from the CBA last year.

Stavely Minerals has secured a $2 million share subscription agreement with its contracted drilling services company, Titeline Drilling, under which Stavely can partly pay its monthly drilling bill in lieu of Titeline’s share subscription payment.

The latest technology company to list on the ASX has closed up 40 per cent after its first day of trading.

Minbos Resources will issue more than 203.3 million new ordinary shares and 93.3 million new unlisted options to investors as part of its conversion of outstanding convertible notes and securities.

Fox Resources has announced plans to sell its Bundaberg coking coal project in Queensland, while shifting focus on developing its Western Australian projects.

Glencore's hopes of striking a deal to become the world's largest miner remain just that, after an approach was rebuffed by Rio Tinto.

Ausdrill subsidiary Energy Drilling Australia has secured a contract extension of undisclosed value with Strike Energy for a three-month drill campaign in the Cooper Basin.

Shares in accounting firm Crowe Horwath surged on the news it had finalised an acquisition proposal from Financial Index Wealth Accountants for about $137 million, following five months of negotiations.

Geraldton-based Bhagwan Marine has announced details of its first international acquisition, confirming speculation from last week.

Final steps are underway for Perth-based global marketing venture Mpire Media’s reverse takeover of Lithex Resources, with the junior explorer appointing Shaw Stockbroking as lead manager to its $10 million capital raising.

A Perth based digital healthcare startup, ResApp Diagnostics has signed a heads of agreement to be fully acquired by Adam Sierakowski’s Narhex Life Sciences.

Shares in Perth-based White Cliff Minerals have slumped on news it had signed a $US4 million funding agreement with New York-based investment firm Magna Equities to accelerate exploration at its Australian and Kyrgyz projects over the next two years.

Shares in Poseidon Nickel surged by over 10 per cent after it announced an offtake agreement with BHP Billiton Nickel West.

Perth-based Altona Mining announced the completion of its $US95 million Finnish assets sale to Swedish miner Boliden Mineral AB and has received $US89.2 million in cash as the first tranche of payment.

West African-focused gold explorer Predictive Discovery plans to raise up to $1.85 million for further exploration, through a placement and a rights issue backed by its biggest shareholder.

Wesfarmers says it will raise about $864 million through a bond issue under its Euro Medium Term Note program.

Rare earths producer Lynas Corporation has announced an $83 million capital raising to help replenish its crippled cash balance.

Range Resources has secured a US$15 million loan from John Hancock-advised Lind Partners to accelerate development drilling of Range’s Trinidad onshore assets.

Peak Resources has secured a $28.6 million funding deal with mining and metals equity investor Appian Natural Resources Fund, to assist in financing a bankable feasibility study at its Ngualla rare earth project in Tanzania.

Shares in Perth-based metals explorer Peel Mining have surged on news it would receive up to $7 million through a farm-in agreement with Japan Oil, Gas and Metals National Corporation.

Perth-based explorer Gold Road Resources has received commitments for a $23.2 million capital raising, with the company keen to further explore gold targets identified within its tenement holding on the Yamarna Belt.

BHP Billiton is teaming with Mexican oil company Pemex in a bid to develop deepwater petroleum reserves in the Gulf of Mexico.