Deals

Gina Rinehart’s Hancock Prospecting has grown its stake in Las Vegas-headquartered producer MP Materials, building on the mining magnate’s rare earths portfolio.

The revolutionary spray-on skin treatment developed in Perth by burns surgeon Fiona Wood is being reintroduced to the Australian market by Avita Medical.

National Storage has snapped up the asset for $8.45 million.

Mixed metals miner South32 has filed documents to acquire a 19.9 per cent stake in Canada-based American Eagle Gold, amid the company’s push to increase its North American portfolio.

BGC Australia has returned to the black after two years of big losses, helped by major asset sales, but acknowledged its continuing operations are still trading in the red.

Perth-based Tungsten Metals Group has scrapped its planned IPO, in a lean period where only four WA junior explorers have listed on the ASX this year.

Gina Rinehart’s Hancock Prospecting has struck a deal to buy Mineral Resources’ Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.

Clothing manufacturer Merino & Co has joined the ASX, ringing the bell to open trading as one of rare cohort of Perth-based companies to take the IPO journey this year.

Victorian property players Wolfdene and Oreana Group have acquired a 72ha parcel of land north of Ellenbrook, with a view to developing a $300 million project.

The Nedlands-based syndicator has sold four hectares of land for $17.6 million, paving the way for a 46-unit business park.

Perth-based biotechnology firm Orthocell has raised $17 million to take its Remplir nerve regeneration product to the world's biggest healthcare market.

ASX-listed Propel Funeral Partners has purchased nine lots on Whatley Crescent for $7.01 million.

A company owned by Toni Saraceni has bought a Newcastle Street property from receivers.

Victorian property firm Wolfdene has expanded its Western Australian foothold after acquiring 146 lots in Wellard, earmarked for a project worth an estimated $45 million.

Galwey Horticultural sold the 301-hectare Broome property to Bidyadanga Aboriginal Community for $6.5 million.

A joint venture between Duratec and Ertech will carry out $10 million worth of infrastructure planning work for the Department of Defence at HMAS Stirling on Garden Island.

Local investors have swooped on the industrial building in a $13.65 million deal.

A North Perth accountant has sold two apartment buildings to a local investor for a combined $3.24 million.

Henderson-based Civmec has signed a deal to acquire Luerssen Australia, the shipbuilder contracted to make patrol vessels for the Royal Australian Navy.

The City of Subiaco has sold an industrial property in Kewdale, the first site it bought outside of its local government area, for $19 million.

Rio Tinto is boasting the world’s largest lithium resource base and major growth options after striking a counter-cyclical $US6.7 billion ($A9.9 billion) deal to buy Arcadium Lithium.

Oil and gas major Woodside Energy has completed its $1.3 billion acquisition of the Driftwood LNG development on the US Gulf Coast.

Copper play Metals Acquisition Limited has launched a $140 million placement which it says could aid inorganic growth opportunities.

Rio Tinto has confirmed it approached battery metals miner Arcadium Lithium over a potential acquisition, as lithium prices hover at a cyclical low.

HMC Capital sold the near new childcare centre to local investors for more than $7 million, as part its divestment program.

GenusPlus Group has proposed a multi-million-dollar acquisition of CommTel Network Solutions, which is under administration, to expand its national footprint.

Perth edtech company Qoria is set to acquire data analytics business OctopusBI while completing a $30 million capital raising to fund the takeover.

Renowned prospector Mark Creasy has secured the blessing of creditors in collapsed miner Calidus Resources to revive the Warrawoona goldmine operator.

South Korean company Hanwha Ocean has walked away from its $1 billion pursuit of shipbuilder Austal, accusing the target of not engaging constructively in a due diligence process.

The Leukaemia Foundation occupies the building, which forms part of Hesperia’s Stirling Cross development.

An entity linked to Richmond WA, the key family business of the Hodgson family, has bought a Subiaco office building.

Nic and Rosanne Trimboli sold the West Perth property to local investors.