Deals

Salt Lake Potash has secured a further $28 million in funding as it deals with delays to the commissioning of its Lake Way project, while Australian Potash is raising $10 million.

Viburnum Funds has acquired a 25 per cent stake in mining data company MaxMine for an undisclosed sum, signalling a long-term partnership between the companies.

Toro Energy is raising $15 million to advance its Wiluna uranium project in WA, as well as pay back debt and fund exploration programs.

Lucapa Diamond Company is paying $8.5 million in cash to acquire a past-producing project in WA, with the purchase to be funded by a planned capital raising.

BHP could spend up to $22 million exploring Encounter Resources’ Elliott copper project in the Northern Territory, having finalised a joint venture arrangement.

Toronto-listed First Quantum Minerals will sell 30 per cent of the Ravensthorpe nickel mine to South Korean Posco for $CAD240 million, with plans to consider battery precursor materials.

Local engineering and construction group Aerison is planning to list on the ASX next month, having lodged an IPO to raise $13.5 million.

Wangara business Dynamic Drill and Blast expects to add about $30 million to its full-year revenue, following the acquisition of fellow contractor Orlando Drilling.

Great Boulder Resources has secured $5.5 million from a share placement to fast-track exploration at its Side Well and Whiteheads gold projects.

Wangara-based contractor McKay Drilling has agreed to sell all its shares in the company to a major Canadian firm for $80 million.

South32 is expecting to book a loss of up to $US175 million this financial year, in relation to the sale of its South African coal operations to local mining company Seriti Resources.

West Perth-based Predictive Discovery has raised funds to progress its largest drilling program to date for the company's Bankan gold project in Guinea.

Crown Resorts board has decided a takeover offer from Blackstone is not in shareholders' best interests but it hasn't made up its mind on Star's offer.

Three Western Australian gold explorers have launched IPOs this past week, with the biggest raising headed by Subiaco-based Barton Gold.

Andrew Forrest’s Western Force has signed on local business Tribe Tech as a major partner for the inaugural Super Rugby Trans-Tasman season, which kicks off tomorrow.

Pendulum Capital, led by Peter Fogarty and Greg Harvey, will acquire a 19.9 per cent stake in Alterra.

Perth-based Challenger Exploration is using funds raised from a share placement to take full control of its flagship gold project, in Argentina, and expand drilling programs.

Shares in recruitment firm Hiremii dropped in value by close to 30 per cent today following an overall slump for tech stocks on the ASX.

West Perth-based Marvel Gold is proposing to demerge a Tanzanian graphite project into a new listed entity that will target $13 million under an IPO, expected to launch next month.

Boral has encouraged shareholders to reject Seven Group's $8 billion takeover offer, saying the bid undervalues its target.

Pilbara Minerals is considering the joint development of a midstream lithium chemicals refinery at its Pilgangoora operation in WA, under an agreement with Sydney-based Calix.

A Claremont-based tech company is seeking to raise $9 million to support the growth of a digital sales platform that has a small foothold in the residential property market.

Kerry Stokes' Seven Group has announced an off-market takeover bid to up its stake in Boral, valuing the Sydney-based industrial company at nearly $8 billion.

Perth-based Delorean Corporation has struck an agreement with Clean Peak Energy to acquire its 70 per cent stake in the Salisbury Bioenergy project.

Goldminer Northern Star Resources is paying $15 million in cash for a further stake in a joint venture with Tanami Gold while entering into a new service agreement.

Shares in Kinetiko Energy have risen by more than 25 per cent, after the WA business announced plans to take full control of a South African gas project.

Ferry operator SeaLink Travel Group has agreed to purchase family-owned business Go West Tours and three of its bus depots for up to $114 million.

Black Cat Syndicate has secured $20 million from investors to fast-track the development of its Kal East gold project.

Caravel Minerals will use $7.5 million raised from a share placement to fast-track the development of its namesake copper project in the Wheatbelt while St George Mining is raising $7 million.

Seven West has finalised a five-year content-sharing deal with Google and signed another three-year deal with Facebook.

Perth-based real estate firm The Agency Group is set to strengthen its east coast presence, after becoming an official partner of the Hawthorn Football Club.

Rumble Resources is set to fast-tack exploration across its Earaheedy zinc-lead discovery in WA, using $40.2 million raised from a share placement.