Iron ore miner and steelmaker Arrium is seeking to raise at least $754 million through the issue of new shares, to reduce debt amid falling prices for iron ore.
Subiaco-based explorer Aspire Mining has announced a $2.2 million placement to sophisticated investors for drilling at its Nuurstei coal project in northern Mongolia.
Perth-based national IT services provider Empired has expansion in its sights, after completing a $10.5 million capital raising on the back of strong year-end profit results.
BC Iron is one step closer to completing its $256 million takeover bid for the Kerry Stokes-backed Iron Ore Holdings, after major shareholder Australian Capital Equity yesterday accepted the offer.
Freight operator Aurizon has received exclusive rights to develop the rail and port infrastructure for a major Pilbara iron ore project in which it is a partner.
Cardinal Resources has announced a $1.6 million placement and non-renounceable rights issue of options to raise funds for continued exploration of its West African mines.
Gold producer AngloGold Ashanti has announced plans to separate its South African assets from its international mining assets through London-listed NewCo, whilst contemplating a rights issue to raise $2.3 billion to fund the restructure and pay off debt.
Perth minerals explorer Gunson Resources has agreed to acquire a 100 per cent interest in mineral sands firm Strandline Resources for $2.5 million, and will assume the name of its target as it expands its focus in offshore assets.
Perth civil engineering contractor Macmahon Holdings has secured a $317.5 million three-year funding facility, upsized from $280 million after the book-build closed oversubscribed.
IMX Resources has sold its iron ore operations in South Australia to Perth-based Cu-River Mining for $3.68 million, shifting its focus solely on its Tanzanian projects.
Construction contractor Brierty has declared a fully franked special dividend of 8 cents per share, while resolving to raise up to $8.25 million through a 16.5 million share placement.
Sunbird Energy has announced a deal with Vandasia Investments under which the gas explorer and developer will secure a $25 million cash injection and a new major strategic partner.
Aberdeen-headquartered energy services firm Wood Group PSN has won a contract with Woodside to provide engineering and construction management services at its Karratha Gas Plant Life Extension program, for an undisclosed amount.
Chrysalis Resources has entered into a deal to grant Fortescue Metals Group exclusive exploration access and an option to buy the Chrysalis West Angelas Project Tenements.
Civil and mining industry contractor Viento Group has announced a joint venture with 100 per cent indigenous owned Kimberley Pipelines, expanding Viento’s services into the pipeline construction industry.
Major private investment player Wyllie Group has cut direct ties with mining dealmaker Michael Fotios’s investment syndicate, Investmet, a significant backer of junior resources companies and other speculative opportunities.
Fremantle-based Mermaid Marine Australia has been awarded a contract from an undisclosed party for the operation and management of the accommodation vessel Silja Europa for an undisclosed amount.
Graphite explorer Uranex has signed a memorandum of understanding for an off-take agreement with the China-based Sinosteel Liaoning and Dalian InterContinental New Materials Corporation joint venture.
Engineering and project services firm Clough says its AMEC joint venture has been awarded a $70 million contract for Arrow Energy’s Bowen gas project in Queensland.
Perth-based coal miner Ascot Resources has received commitments from global commodity trader Gunvor Group for a $5 million equity capital investment in its $11.2 million raising.
Toronto-based design and engineering services provider WSP Global has bought Balfour Beatty’s New York-based professional services subsidiary, Parsons Brinkerhoff, for $1.45 billion.
Energia Minerals’ shares have jumped by nearly 30 per cent on the news that Euroz Securities and new investors had completed due diligence on its Gorno zinc project and confirmed that they would proceed with the $8.15 million funding package, which was announced last week.
Perth explorer Buxton Resources has made plans to raise $2.6 million to fund drilling at its Yalbra graphite project in Western Australia, along Oaktree North and Zanthus Ni-Cu projects in the Fraser Range.
Shares in Poseidon Nickel have surged after it announced it had agreed to buy Norilsk Nickel’s Lake Johnston nickel project, located west of Norseman, for an undisclosed amount.
