Wesfarmers weighs huge equity raising; NAB facing $600m bill after tax case; Opes probe turns up heat on ANZ; Rio shares up 4% as higher BHP bid tipped; Salting case families lose move on Xstrata
Chinese-Indonesia consortium Antam Zhongjin has gained shareholder approval for its $2.50 a share, $505 million take over bid for West Perth-based Herald Resources.
Kalgoorlie-Boulder Resources Ltd could start producing gold from its Norseman gold project in 2010 following positive scoping study results that have pegged capital costs at $75 million.
Pilbara nickel explorer and producer, Fox Resources Ltd today announced that China's largest nickel producer, Jinchuan Group Limited, has successfully concluded a strategic agreement to take an equity stake in the company.
Wesfarmers Ltd shares remained in trading halt today after it confirmed it was considering an equity raising - expected to be a rights issue - to refinance $4 billion in bridging finance used to fund its $20 billion takeover of the Coles last year.
Shares in West Perth-based resources company Straits Resources Ltd have jumped more than six per cent after the company unveiled a plan to restructure the business and demerge from its coal-focused Asian subsidiary.
Rio surges on London talk BHP ready to sweeten offer; Beijing takes over BHP raid plans; Wesfarmers mulls multi-billion dollar raising; Paladin pair lynched as Merrill sells off shares; Inside the Stokes bunker: cashed up and set to pounce
Readers with long memories may recall that one of Bob Hawke’s major initiatives upon being elected prime minister in 1983 was to convene a national economic summit.
ALTHOUGH Jim Malone (pictured right) is tackling powerhouses these days under the Richmond nametag, the former Tigers general manager is operating under a completely different banner to football.
A mystery company known as Yarri Mining Pty Ltd plans to take stoc market listing hopeful Energy and Minerals Australia Ltd (EMA) to court over a highly sought after uranium deposit, which is claimed to be the biggest outside of the control of the mining
Rising interest rates and global financial uncertainty are having a tangible impact on Western Australia’s housing industry, with two sets of economic data indicating a downward trend in the local market.
Advertising and marketing expenditure by Western Australia’s public universities jumped 45 per cent in the past year, as the institutions competed with the business sector for the hearts and minds of the state’s youth.
With less than a week before the culmination of the boardroom battle at WA Newspapers Holdings Ltd, both sides remained in full battle mode ahead of Wednesday’s extraordinary shareholder meeting.
After operating as a private company for 14 years, mining services firm ADG Global Supply Pty Ltd is planning a stock market listing to bring in new money and attract new talent for its growing business.
Last week’s takeover of United Credit Union continues a long run of Western Australian financial institutions falling prey to interstate and overseas predators; but surprisingly, this trend has done little to dampen competition.
Shares in Maddington-based civil construction company Brierty Ltd plummeted today following a profit downgrade of as much as 20 per cent, just four months after listing on the ASX.
Miner Aquarius Platinum is to spend $790 million buying back all the shares held in it by Impala Platinum (Implats) and all the shares that company holds in its subsidiary, Aquarius Platinum (South Africa).
Subiaco-based iron ore company, Brockman Resources Ltd has completed a positive scoping study which indicates its Marillana iron ore project, located north of Newman, has a potential A$1 billion net present value for a 10Mtpa project development.
Iluka Resources Ltd has completed the retail component of its 4 for 7 pro-rata accelerated renounceable entitlement offer to shareholders, with the retail offer raising approximately A$95 million.
Further to filing a final prospectus on 3 April, Marengo Mining Ltd has today announced the completion of its C$9.8 million offering and has commenced trading on the Toronto Stock Exchange.
IAG rebuffs $7.6bn QBE takeover bid; Senior executives face ANZ Opes Prime Probe; Atlas wants $100m for faster mining program; Rate rises working, says Reserve Bank; Share sell-off signals end to Kolsen hope for Iluka
For the second year running Western Australia has been the nation's highest taxing state, data released today by the Australian Bureau of Statistics (ABS) has shown.
Perth-based gold, nickel and uranium explorer, Impact Minerals has been granted exploration licences covering about 20,000 sq km in eastern Botswana, specifically for the exploration of uranium.
The proposed merger between mining company CopperCo Ltd and investment house Mineral Securities Ltd (MinSec) has moved closer with the release of an independent experts report and a shareholders general meeting scheduled for May.
WA home price 'to fall 20%'; Yilgarn wants port guarantee; Stokes' Seven to press on with appeal in C7 case; Vulcan warms to $184m Finnish copper project; Opes fallout: ANZ chief heads share-lending review
Perth-based wealth management business Plan B Group Holdings Ltd expects its result for FY2008 will be 10% to 15% below the directors' forecast, assuming a continuation of present market conditions for the remainder of this financial year.
Western Australia is leading the national slump in housing finance with new figures showing an 11.6 per cent fall in the month of February, according to the Bureau of Statistics.
Yilgarn Infrastructure has flagged a potential $1 billion damages claim for breach of contract by Midwest Corporation Ltd, which allegedly signed a binding agreement to formally nominate it as its preferred developer for the Oakajee port and rail.
The multi-million dollar fortunes of Paladin Energy Ltd chairman Rick Crabb and company secretary Gillian Swaby are at risk after the company disclosed that about half their shares are subject to margin loans with failed lender Lift Capital.
