Deals

Red 5 has reversed the operating strategy for its Darlot and King of the Hills mines in WA, while fellow goldminer Ramelius Resources also unveiled a new production plan.

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

Poseidon Nickel has raised funds to progress the restart of its Black Swan mine and processing plant in WA as well as continue exploration activities.

Mitsubishi has acquired a 40 per cent stake in carbon developer Australian Integrated Carbon for an undisclosed sum.

The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.

Australian buy-now-pay-later group Afterpay has accepted a takeover offer from US digital payments giant Square in a deal worth $39 billion.

Cirrus Networks has become the second Perth-based IT services firm to receive a takeover offer in recent weeks, after Victoria's Webcentral Group made an on-market bid.

Zenith Minerals has secured funds from a share placement to ramp-up its gold and copper exploration activities in Western Australia and Queensland.

Belmont-based GenusPlus Group is making its second acquisition since listing on the ASX, having agreed to purchase assets from the administrators of Victoria’s Tandem Corp.

Goldminer Red 5 has agreed to sell its assets in the Philippines for $US19 million, in a bid to further focus on developing its King of the Hills project in WA.

Priceline Pharmacy owner Australian Pharmaceutical Industries has rejected a takeover offer from Wesfarmers.

New gold producer Capricorn Metals has acquired the historical Mt Gibson mine in Western Australia, in a move that doubles the company’s reserves.

More than $230 million has been raised for gold projects through ASX listings in the past 12 months.

The NBL has made its biggest media deal in history after striking partnerships with ESPN, Foxtel and News Corp.

IGO has bolstered its nickel portfolio in Western Australia after signing an agreement with mining prospector and major shareholder Mark Creasy.

Burgundy Diamond Mines has raised funds for the restart of its Ellendale mine in WA and expand its downstream capabilities.

Perth-based Titan Minerals has completed the sale of its Zaruma gold project in Ecuador to Pelorus Minerals for $US15 million in cash.

Local engineering and construction company Decmil Group is raising up to $32 million to begin work on a number of new projects.

BARD1 Life Sciences has secured funds from a share placement to develop tests focused on the early detection of ovarian and breast cancer.

A merger proposal for Crown Resorts has been withdrawn after a royal commission raised the prospect the gaming group could lose the licence for its Melbourne casino.

Northern Star Resources has sold a large portion of its Kalgoorlie operations to Evolution Mining on the same day it appointed Stuart Tonkin as the goldminer’s new managing director.

Western Mines Group is the newest explorer to list on the ASX, with its share price lowering slightly ahead of planned drilling programs in Western Australia.

Strike Energy has bought $22 million worth of shares in joint venture partner Warrego Energy, effectively raising its exposure to the West Erregulla development in the Perth Basin.

ASX-listed Empired is being acquired by Capgemini Australia, which has offered to pay $1.35 in cash for every share held in the IT firm.

French engineering group Altrad Services it set to acquire listed contractor Valmec, in a deal that values the Kewdale business at $52 million.

Telstra is considering taking over the Pacific operations of a communications service provider in partnership with the Australian government, which would block China from buying the assets.

Melbourne's St Barbara has bought a significant stake in Kin Mining from philanthropist and mining magnate Kerry Harmanis.

Perth executives Bill Beament and Nev Power are among the key players in a new US company looking to raise $US287 million ($A380 million) to invest in mining and metals.

Perth-based analytics firm Faster Horses has been acquired by UK-based market research firm YouGov for an undisclosed sum.

Paramount Safety Products has joined a wave of large privately-owned companies in Perth accepting big-ticket takeover offers from offshore buyers.

Telstra chief executive Andrew Penn says asset sales are needed to fund services in rural and regional Australia.

Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.