Directors of Polaris Metals have recommended its shareholders accept an off-market takeover bid worth up to $67 million from mining services outfit, Mineral Resources, subject to an independent expert assessment and in the absence of a superior offer.
Gold producer, Avoca Resources managed to raise its stake in takeover target Dioro Exploration to more than 44 per cent by the close of business yesterday, ending the four-month acquisition proposal.
Garrett last Gorgon bar; Qantas to jettison $1.5bn in costs; State tax in reform mix, says Henry; Write-downs cruel Iluka result as zircon sales fall; Major store deals 'real barrier to competition'
THREE directors from global education services provider Navitas have pocketed a combined $18.6 million from the sale of more than 6 million shares following the release last week of another strong profit.
CURRENCY fluctuations during the past 13 months have made tough economic times a nd difficult trading conditions even more so, but experts suggest there are ways to combat the turbulence.
A MOVE by Perth businessman Gordon Martin to bankroll a $20 million "rescue package" for Great Southern investors is widely expected to be the first of several competing proposals to be lodged in the coming weeks.
THE defunct Riverside Pier Hotel project at Barrack Square is to be sold within three months, as the corporate regulator circles the company that tipped investors into the failed development.
OLDER office buildings in the Perth CBD are likely to require a major overhaul, as rising vacancies and new office blocks threaten their ability to maintain and attract tenants.
THE International Accounting Standards Board has issued an international financial reporting standard for small and medium-sized enterprises, which are estimated to represent more than 95 per cent
AS belts tighten across the board and budgets are intensely scrutinised, early stage company executives are finding it harder to attain the necessary capital to progress their projects.
THE impact of the global financial crisis on the drilling industry was painted in stark relief this week in a flurry of news from key players in the sector.
Gold producer, Avoca Resources may have secured a victory in the final hours of its bid for Goldfields miner Dioro Exploration, raising its stake in Dioro to just over 36 per cent after a UK fund manager relinquished its hefty interest in the miner.
Globe Metals & Mining has teamed up with South African engineering outfit, Thuthuka Group to invest $US10.6 million into Globe's Kanyika Niobium Project, in return Thuthuka will receive a 25 per cent stake in the project.
Gold exploration company Tianshan Goldfields has agreed to sell all of its Chinese assets to Hong Kong-based company China Power Sino Renewable Resources for $US22.5M.
Twiggy's discount no help to China; French, Santos in gas play; Amcor to buy Alcan despite profit dip; NAB grows housing book; Curtin in bid for medical school
Engineering services provider, LogiCamms has announced a 59 per cent increase in after tax profit, reaching $4.6 million on the back of a strong second half performance.
Three regional Western Australian companies have led the country in collectively receiving the greatest funding allocation from the first round of the federal government's $35 million Regional Food Producers Innovation and Productivity Program (RFPIPP).
Brockman Resources has gained environmental apporval for its Marillana iron ore project in the Pilbara, where the company aims to establish a 17 million tonne per year mining operation.
Shares in iron ore pellet producer Grange Resources fell after it unveiled plans to raise $167 million in new equity in a deeply discounted offer to key stakeholders including a Chinese investor.
Civil and mining contractor Brierty has returned to the black with an annual net profit of $6.7 million, compared with its $1.3 million net loss in the 2008 financial year.
Despite building products group James Hardie Industries NV posting a loss for the first quarter of its fiscal year, due to weakness in the US housing construction market and the general economy, early trading today has pushed the share value up almost 17
Super boom forecast as Gorgon go-ahead looms; Miner good as gold after Varanus payout; Fortescue's $7bn shock deal; ASIC push to abolish commissions; Reform call after Storm collapse
Three partners of KPMG's Perth office, Brett Fullarton, Robert Kelly and Grant Robinson, have agreed to stop practicing as auditors for between nine months and two years following their involvement in the collapsed Westpoint investment group.
