Deals

Austbrokers Holdings has expanded its insurance underwriting agency business with the purchase of majority shareholdings in Perth-based Lawsons Underwriting Australasia and Melbourne-based Guardian

Former CITIC Pacific Mining chairman Dongyi Hua has paid $15 million to take a controlling 40 per cent stake in struggling engineering and construction contractor VDM Group.

Wesfarmers chief executive Richard Goyder is hopeful the conglomerate will seek out new acquisitions offshore in the years ahead.

Peel Mining aims to raise $5.1 million through a share placement priced at 49 cents per share to new and existing institutional investors.

The Satterley Property Group has bought a 2,000-home lot in Melbourne for $100 million.

Peet chairman Tony Lennon has lifted his interest in the land development company to 21.4 per cent after participating in a special placement tied to its takeover of east coast property company CIC

Subiaco company Kairiki Energy has cancelled a $12 million right issue that was “partially and conditionally” underwritten by Patersons Securities, after failing to achieve its minimum subscription

The Wyllie Group has realised a big profit on its six-year investment in Amcom Telecommunications, selling half of its total holding in the listed Perth company.

Apex Minerals has terminated its $50 million cash sale agreement with China's Everprosperity Investment for the Wiluna gold mine.

Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.

Glencore Xstrata has scrapped plans for a coal export terminal in Queensland, citing excess port capacity and a worsening outlook for the sector.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

Sumatra Copper & Gold is seeking to raise $20 million to put towards development at its flagship Tembang gold-silver project in Indonesia.

Singapore-listed resources construction services firm AusGroup has made a key step towards listing on the ASX, signing a conditional agreement to acquire two Malaysian resort development companies

Continental Coal has completed an $8 million financing arrangement with South African mining company Village Main Reef.

Cleveland Mining Company is assessing its legal options after stockbroker DJ Carmichael failed to complete a $1 million tranche of a share placement.

BC Iron and Cleveland Mining Company have taken the first steps to securing the first three projects under the iron ore miners' Brazilian strategic alliance.

Once seen as an attractive capital source for Australian companies, regulatory hurdles in Canada combined with depressed global markets have dampened enthusiasm for dual listings.

Oil and gas exploration play Pura Vida Energy will tap investors and financiers for up to $12 million, to fund the ramp-up of drilling activities at its newly-acquired Nkembe block, off the coast o

Gindalbie Metals has secured an agreement for a second $30 million loan from its joint venture partner in the Karara magnetite iron ore development, after delays in the project's production ramp up

Former agricultural investment company AACL Holdings has decided its future lies with a technology business established by Perth entrepereneur Gavin Burnett.

Aviva Corporation has sold its Mmamanstwe coal project in Botswana to fellow explorer African Energy Resources for $3.5 million.

China's second largest gold producer will invest $20 million in Perth-based explorer NKWE Platinum under a strategic partnership agreement announced today.

BHP Billiton has sold a copper mine in the US for $US650 million ($A634 million) as the resources giant continues to off-load assets.

Midas Resources has launched a $2.16 million capital raising plan to fund the expansion and exploration at its Lake Carey and Patersons province gold projects.

Car dealer network Automotive Holdings Group is increasing its presence in Victoria, snapping up two Toyota dealerships in Melbourne's northern suburbs for $20 million.

Troubled surfwear retailer Billabong has extended its exclusive takeover talks with the Sycamore consortium.

Mining Group announced today that it had restructured its previously announced entitlements issue at a new price of 2.5 cents per share.

Contract brewer Gage Roads says it is on track to bump its production capacity up to 3 million cartons per year by 2015, after securing $7.4 million through a share placement to supermarket giant W

New Zealand's Restaurant Brands, which operates KFC, Starbucks, Pizza Hut and Carl's Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Austra

Shares in Perth-based Swala Energy have slipped slightly on their ASX debut, dropping 1 cent in limited trade.

Macquarie Bank paid $20 million for a one fifth stake in Perth-based financial services group Homeloans.