Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.
Australian shares have lost ground in early trade after a strong run so far this week, as investors take cues from a choppy session on Wall Street overnight.
Korean car maker Kia Motors will increase its offering at DVG Automotive Group dealerships in Midland and Morley after recent showroom upgrades worth more than $1 million.
After announcing yesterday a significant contract with Cross Yarra Partnership in Melbourne, Osborne Park-based Veris has today secured further surveying works contracts in the eastern states worth
The share market turned around a negative start to the day to edge higher, as miners, energy producers and several consumer-related stocks rose in value.
Lydon Hollitt is planning to shake-up property advertising with a new listing platform that matches active buyers and tenants with agents and vendors at minimal marketing cost.
Energy and infrastructure contracting group Valmec has secured $30 million in new construction contracts, including a 4 kilometre gas pipeline at Dacian Gold's Mt Morgan project.
Atlas Iron has struck a deal with lithium developer Pilbara Minerals to purchase up to 1.4 million tonnes of direct shipping lithium ore over the next 15 months.
An optometrist and a former mining equipment company executive are spearheading a Perth startup's plans to disrupt the eyewear industry by allowing customers to try on, and buy, glasses virtually.
Sydney-based gas company AWE has upgraded its Waitsia 2P reserves by 80 per cent, now ranking it in the top five largest gas fields ever discovered onshore in Australia.
MMA Offshore chairman Andrew Edwards has defended the timing of the company's recent $97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.
Base Resources has announced that it will purchase a mineral sands project in Madagascar for $US75 million ($100 million) and tap investors for $100 million to fund the acquisition.
Australian shares are higher this morning, with all sectors in positive territory and oil and iron ore companies particularly firmer following strong overnight leads and strengthening commodity prices.
ASX-listed AnaeCo has gone into administration after Monadelphous Group terminated an $11.5 million contract with the waste technology company and a Chinese enterprise.
Mining contractor Macmahon Holdings has announced that Giles Everist is moving from a non-executive director role to become the company's chief financial officer.
Sydney-based Spring Financial Group has announced it will acquire Perth-based financial planning firm Wealth Today, led by managing director Greg Pennells, for $1.67 million.
The Australian share market has closed in positive territory, with further takeover activity and a strong day for miners and banks driving the market to fresh post-GFC highs.
Volt Power Group has announced it will purchase a stake in two Western Australian mining services businesses for more than $6 million, while also raising $4.75 million through a share placement.
The number of workers on big projects in Western Australia is likely to stabilise at just one quarter of the peak level recorded during the mining construction boom, and that's only if planned projects get approved, a new study has found.
Aspiring gold miner KIN Mining has tapped investors for $10 million as the company increases exploration work at its Leonora project in the Goldfields region.
