Deals

NSW's Downer EDI has sold its remaining mining services assets to a joint venture that includes Perth-based AvidSys Group for $150 million in cash.

ASX aspirant Norcliffe Mining Services has finalised its acquisition of Enerflow Mining Services in its second notable buy of the year.

DDH1 Drilling has launched a friendly takeover of counterpart Swick Mining Services, sending the target's shares up by more than 20 per cent.

Explorers Kin Mining and Alchemy Resources are set to raise $13 million and $3.1 million respectively in a bid to push ahead with ongoing exploration and drilling activities.

Besra Gold has returned to the ASX after a restructuring, while E79 Gold Mines has started trading and Medallion Metals has spun out its nickel assets.

Westgold Resources is preparing to lodge its takeover bid for fellow goldminer Gascoyne Resources, following “positive engagement” with the target's shareholders.

Osborne Park-based Kin Mining has rejected a takeover offer from goldminer and major shareholder St Barbara, while announcing a $13 million capital raising.

Qube Property Group has bought a Canning Vale industrial area for an estimated $12 million, as the group aims to expand its industrial offering.

Fortescue's green hydrogen arm has bought a 60 per cent stake in Netherlands-based High yield Energy Technologies Group (HyET).

Wesfarmers has bolstered its chances of taking over Australian Pharmaceutical Industries after buying a 19.3 per cent stake.

Australasian Gold's shares have closed up by more than 7 per cent, after the West Perth-based explorer announced a partnership with CSIRO.

Swoop has chalked up yet another successful acquisition following the completion of a $4.2 million deal for Newcastle-based Countrytell.

A hostile takeover of local IT services firm Cirrus Networks has escalated, after its Victorian bidder alleged the target made a number of inaccurate statements that could mislead shareholders.

WA company Fastbrick Robotics has entered a contract to supply a $5 million St James townhouse development – its first multi-home deal.

Qantas is close to choosing which plane and engine suppliers will provide its next domestic fleet.

Perth technology company HealthEngine has made a key change in its corporate structure, signalling it is moving closer to proceeding with a stockmarket float.

Valmec shareholders have approved an acquisition by Altrad Australia in a $52 million deal announced in July.

Mining equipment supplier Austin Engineering is set to bolster its services in WA, after signing an agreement with Mader Group.

West Perth-based Vysarn has expanded its water services business by acquiring local company Yield Test Pumping.

Gascoyne Resources' shares rose nearly 20 per cent today, after the goldminer received an off-market takeover proposal from Westgold Resources.

WA-based Paringa Resources has announced plans to recapitalise the company through a $5.6 million raising, as the former coal company seeks business on the ASX as a gold explorer.

Marvel Gold's graphite spinout is seeking to raise $22 million ahead of its ASX listing in November.

Castillo Copper's shares were up more than 12 per cent this morning after the West Perth-based explorer announced the potential acquisition of two lithium projects.

Perth's Lester Group has agreed to purchase a Butler retail precinct worth an estimated $50 million, from Adelaide's Axiom Properties.

BGC Australia has sold a property on Stirling Highway in Claremont, as it continues its divestment of land assets.

Dalaroo Metals has had a strong finish to its first day of trading, closing up almost 50 per cent as the company gets ready to explore its Western Australian projects.

Western Australia's Eagle Mountain Mining and 92 Energy have each announced capital raisings and will use the proceeds to explore their North American projects.

Dexus has bought Jandakot airport and surrounding land for $1.3 billion, establishing its footprint in WA logistics infrastructure.

Karl Simich-led Sandfire Resources is set to become one the largest listed copper producers through the $2.6 billion cash acquisition of an operation in Spain.

Gina Rinehart's West Kimberley station Nerrima has sold for more than $30 million, as well as two additional pastoral stations Ruby Plains and Sturt Creek for an undisclosed sum.

A Perth company that has partnered with Woodside Petroleum on multiple technology projects is raising capital to fund the global rollout of its ‘digital twin' technology.

Raleigh Finlayson is set to lead Genesis Minerals after agreeing to invest $7 million in the local gold explorer, as part of a broader raising backed by Nev Power and Michael Bowen.