Perth-based GR Engineering Services has won a $36 million contract to design and build a processing facility in Queensland for private equity-backed Auctus Resources.
Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.
Private equity groups are on track to gain control of two mining operations, after Aditya Birla Minerals sold its mothballed Mt Gordon operation, while Atherton Resources looks set to be acquired in a takeover valued at about $56 million.
The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company's independent expert.
Private equity group Auctus Chillagoe's proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana's major shareholders announcing their intention not to accept the offer.
An independent expert's report has found private equity group Auctus Chillagoe's takeover bid for Mungana Goldmines to be both unfair and unreasonable, saying the 13.5 cents a share price was opportunistic and undervalued the business.
GREG Evans has got off to a flying start in his new role as KPMG's global leader of mining M&A, with one of the firm's major clients announcing its first takeover bid last week.
Shares in resources developer Mungana Goldmines have shot up 33 per cent today after an off-market takeover proposal backed by private equity group Denham Capital.
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Paladin Energy has launched a $205 million recapitalisation plan, designed to fund it until midway through 2016, which has won the backing of China-focused private equity firm HOPU Clean Energy.
Global private equity group Denham Capital has teamed up with former Karara Mining chief executive Steve Murdoch to establish a venture that will invest in a handful of new and established mining projects.
