Anvil Mining Ltd will look at other possible transactions after a $272 million private placement by Israel's Catala Global is called off due to continued deterioration in market conditions.
Two major shareholders in Western Australian iron ore miner Midwest Corporation Ltd have accepted the takeover offer from Chinese steelmaker Sinosteel, giving the bidder more than 82 per cent acceptances of its bid.
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Delays in obtaining approvals and takeover defence costs have blown out Midwest Corporation Ltd’s net loss for the first half of 2008, up from the previous year’s $1 million to $7.8 million.
Shares in Perth-based miner Perilya Ltd have dramatically reversed its recent losses, skyrocketing over 60 per cent in trade today after Credit Suisse labeled the stock as "too cheap".
East Perth-based Metals X Ltd will move ahead with plans for the development of its Wingellina nickel project in Western Australia following a feasibility study that pegged capital costs at $2.2 billion.
Shareholders in bamboo flooring products company Style Ltd have voted against a board shake-up brought on by major stakeholder Merim Pty Ltd in what has been called by the chairman a "cheap takeover".
A scoping study into Perth-based Heron Resources Ltd's Yerilla operation, which includes the Jump-up Dam project, has estimated a capital cost of $1.2 billion with a payback period of six-and-a-half years.
Ausdrill Ltd has blamed a fall in the company's share price on hedge fund selling after comments from suitor Macmahon Holdings Ltd that its takeover bid was unlikely to succeed.
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Sinosteel is a step closer to full control of Midwest Corporation Ltd after Midwest shareholder Murchison Metals Ltd reversed its previous opposition to the Chinese company's takeover offer.
Unites States company Cleveland-Cliffs is looking to spend nearly $600 million on acquisitions in Western Australia as it moves to fully own iron ore miner Portman Ltd and acquire a 30 per cent slice in explorer AusQuest Ltd.
Some 50 per cent of shareholders have passed up Perth-based Axiom Properties Ltd's rights issue, with the company managing to raise $5.7 million from a targeted $11 million.
Shares in Perilya Ltd have dropped by over 40 per cent on news it will sell its Mount Oxide copper and cobalt project to West Perth-based Chalice Gold Mines Ltd in a scrip deal worth $25 million.
AusQuest Ltd director John Ashley said he is not concerned of a takeover by acquisitive US company Cleveland-Cliffs, which will take a 30 per cent stake in the Ardross-based minerals explorer.
The Federal Court of Australia has ordered a meeting of Aquila Resources Ltd's shareholders in October to consider the 'scheme' for the demerger of certain of the company's exploration interests in new company Aquila Exploration Limited.
Western Australia has recorded the country's lowest jobless rate for August with the latest national figures surprising economist who say the overall fall lessens the chance of an October interest rate cut.
Rio Tinto has emerged as the mystery buyer behind an 11 per cent parcel of shares in uranium explorer Extract Resources Ltd, which could be a hurdle in the company's planned merger with West Perth-based Kalahari Minerals Ltd.
US stocks wobbled higher today as investors mulled troubled investment giant Lehman Brothers' news of hefty losses and plans to sell assets to shore up its finances.
Saville Australia and Babcock & Brown, the beleaguered joint venture partners behind the redevelopment of the former Emu Brewery site, may have secured a lifeline in the form of Leighton Properties.
WABN: Describe a day at work.WABN: Describe a day at work.
SB: "My day starts at 8.30 with clearing the email trail, continues with writing reports, budgets or funding applications, meeting with young artists, arts workers or government/corporate heads a
FORMER executive chairman of the failed winemaker Evans & Tate, Franklin Tate, questioned continuing his career in the wine business when he stopped running the company in 2005.
FOR much of 2007, iron was the mineral of choice for speculators.Companies like Midwest, Atlas, and Sundance Resources all rose like phoenixes out of the ashes, with paper fortunes made and more recently lost, as share prices tumbled. During this time, ma
The wealth of major project activity in Western Australia has been a boon for local contracting firms, which are reaping the rewards of record high bidding activity in both the infrastructure and resources sectors.
Could the emergence of Brendon Grylls as a power broker in Western Australian politics create a shockwave that reverberates across the country and around the globe? It is possible that a few thousand regional and rural voters could have a major impact on
WESTERN Australian resource stocks have made a strong showing in the latest changes to index provider Standard & Poor's ASX indices, as companies dabbling in financial services are shown the door.
THE Nationals WA's surprise result in last weekend's election is likely to provide a boost for business in regional Western Australia, with the next state government forced to deliver improved infrastructure and services outside the Perth metropolitan are
